#Upstream
Upstream oil and gas industry steps up community engagement
The upstream oil and gas sector continues to wrestle with multiple hurdles, ranging from operational bottlenecks to social friction with Indigenous communities.
Government to auction 75 oil and gas blocks by 2027 to boost exploration
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) says the government has plan to auction 75 oil and gas working areas over the next two years as part of the efforts to strengthen upstream exploration and secure future energy supplies.
Eni–Petronas joint venture to launch eight gas projects in Indonesia, Malaysia
Italian energy major Eni SpA and Malaysia’s Petronas are set to jointly launch eight new upstream gas projects across Indonesia and Malaysia within the next three years through their newly established joint venture, NewCo, in what the companies describe as a key step toward strengthening regional energy security and accelerating gas development.
SKK Migas calls on global investors to speed up CCS/CCUS collaboration
The Indonesian government is inviting global investors to accelerate collaboration on carbon capture and storage (CCS) and carbon capture, utilization, and storage (CCUS) projects in its upstream oil and gas sector, reinforcing ASEAN’s collective push toward a low-carbon energy future.
Government highlights energy independence drive, eyes major boost in oil and gas
The government has reaffirmed its commitment to achieving energy independence as a cornerstone of national sovereignty during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2025, signaling renewed determination to attract global investment and technology to strengthen its upstream oil and gas sector.
Three decades of Medco E&P’s involvement in energy security in South Sumatra
For over three decades, PT Medco E&P Indonesia (Medco E&P), in collaboration with the upstream oil and gas regulatory task force (SKK Migas), has played a vital role in safeguarding Indonesia’s energy security through its operations in South Sumatra Block, one of the country’s key natural gas production centers.
SKK Migas reports 999 Million Barrels of Oil Equivalent discovery
Indonesia’s upstream oil and gas sector has recorded a major breakthrough with the discovery of 999 million barrels of oil equivalent (MMBOE), according to the The Upstream Oil and Gas Regulatory Task Force (SKK Migas).
MedcoEnergi buys major stakes in South Sumatra gas blocks from Repsol
Indonesian oil and gas firm MedcoEnergi has agreed to acquire significant stakes in two South Sumatra gas blocks from Spanish energy company Repsol in a deal worth around US$90 million, the company announced on Tuesday, September 16, 2025.
Inpex eyes Asian markets for Abadi Masela LNG exports
Inpex Corporation is targeting key Asian markets, including Japan, Taiwan, China, and South Korea, for liquified natural gas (LNG) exports from its Abadi Masela project in eastern Indonesia.
SKK Migas launches multi-party gas swap to safeguard domestic supply
The Upstream Oil and Gas Regulatory Task Force ( SKK Migas) announced that the country has since Friday, August 22, 2025, begun channeling gas through a multi-party swap mechanism, in an effort to secure domestic supply amid projected shortfalls later this year.
Ex-SKK Migas chief backs special oil and gas enterprise proposal
Former Head of the Upstream Oil and Gas Regulatory Task Force (SKK Migas), Dwi Soetjipto, has voiced support for the establishment of a special state-owned enterprise (BUK) in the oil and gas sector, suggesting that it would strengthen Indonesia’s upstream oil and gas governance.