BP expands Indonesia Portfolio with Three New Oil and Gas Exploration Blocks
BP has expanded its presence in Indonesia’s energy sector after signing agreements for three new oil and gas exploration blocks, strengthening its long-term investment plans in Southeast Asia.
The British energy giant secured production sharing contracts for the Bintuni and Drawa exploration blocks in West Papua, near its existing Tangguh LNG operations, and confirmed a stake in the Barong block in East Java. The agreements increase BP’s portfolio in Indonesia to 11 oil and gas blocks.
BP said the new projects could support future energy development by leveraging existing infrastructure around the Tangguh LNG complex if exploration activities prove successful. The company described the move as part of its commitment to Indonesia’s energy security and economic growth.
The contracts were awarded under Indonesia’s 2025 petroleum bidding round as the government seeks to attract investment and reverse declining domestic oil and gas production. Jakarta has pledged to offer dozens of new exploration blocks in the coming years to boost energy output and strengthen national energy security.
The expansion comes as BP marks 60 years of operations in Indonesia, one of its key markets in the Asia-Pacific region.
