#Upstream
INPEX begins FEED phase for Abadi LNG Project in Masela Block
Japanese energy giant INPEX Corporation, through its subsidiary INPEX Masela Ltd., announced on Monday, August 4, 2025 the commencement of the Front-End Engineering and Design (FEED) phase for the Abadi LNG Project in Indonesia’s Masela Block.
TIS Energy acquires Sebuku Block from Mubadala, eyes expansion in offshore gas
National Oil and Gas Company, TIS Energy Group, has completed the strategic acquisition of the Sebuku Block from UAE-based energy firm Mubadala Energy, marking a significant step in expanding its upstream oil and gas portfolio in the country.
Indonesia-Malaysia explore joint development of disputed East Ambalat oil & gas block
Indonesia and Malaysia are still in the early stages of discussions to potentially jointly develop the East Ambalat oil and gas block, a resource-rich offshore area located near their maritime border in the Sulawesi Sea.
Oil & Gas firm chiefs reaffirm commitment to 2025 production targets at CEO Forum
Chief executive officers from Indonesia’s upstream oil and gas contractors (KKKS) reaffirmed their commitment to achieving national production targets for 2025 during the CEO Forum Hulu Migas in Jakarta on Wednesday, July 30, 2025.
Medco E&P launches early production at Natuna’s 2nd Terubuk platform
Medco E&P Natuna Ltd. (Medco E&P) has launched first production from the Terubuk Wellhead Platform M (WHP-M), its second in South Natuna Sea Block B, reinforcing its commitment to national energy resilience.
Govt vows to maintain Tuna Block development timeline amid operator transition
The government is closely monitoring the development of the Tuna Block oil and gas project amid uncertainties following a shift in its operating partnership, affirming that the production schedule remains aligned with the approved Plan of Development (PoD).
SKK Migas records strong domestic content performance, surpassing 2025 targets
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has reported that local content (TKDN) achievements in government projects as of June 2025 have exceeded the initially set targets.
Indonesia’s oil lifting inches up in H1 2025
The upstream oil and gas sector continues to show positive momentum in 2025, although key production metrics remain below government targets.
Zarubezhneft to take over Tuna Block development as Harbour Energy exits
Russian state-owned oil and gas company Zarubezhneft is set to continue the development of the Tuna Block in North Natuna Sea after UK-based Harbour Energy Group announced its departure from the project amid escalating geopolitical tensions.
Chevron eyes a return to Indonesia’s upstream oil & gas sector
Global energy giants, including Chevron and Shell, are showing renewed interest in Indonesia’s upstream oil and gas sector, as the government intensifies efforts to attract foreign investment through fiscal reform and improved exploration data access.
Upstream oil & gas investment hits US$7.19 B in H1 2025, highest in a decade
The upstream oil and gas posted a significant investment rebound in the first half of 2025, with realized investments reaching US$7.19 billion, up 28.6 percent year-on-year from US$5.59 billion in the same period of2024, according to the Upstream Oil and Gas Regulatory Task Force (SKK Migas).
Oil & gas sector sees surge in development drilling amid energy security push
The upstream oil and gas industry continues to demonstrate strong momentum, with the number of development wells drilled reaching 337 by May 2025, a 20-percent increase compared to the same period last year, according to the Upstream Oil and Gas Regulatory Task Force (SKK Migas).