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BP said in a statement that these new PSCs bring BP’s total participation in oil and gas blocks in the country to 11.
In addition, BP also confirmed its participation in the Inpex-operated Barong block in East Java.
The agreements, part of the second Indonesia petroleum bidding round 2025 hosted by the Ministry of Energy and Mineral Resources of Indonesia, were signed on Wednesday between BP and the government of Indonesia.
At the Bintuni and Drawa blocks, BP partners comprise CNOOC Southeast Asia, MI Berau, a joint venture between Inpex and Mitsubishi, and Indonesia Natural Gas Resources Muturi, an LNG Japan Corporation.
Following the agreement signing, BP is a 49 percent partner in the Barong block, along with Inpex, with a 51 percent operating stake.
In October 2023, BP shipped the first LNG cargo produced by the new third liquefaction train at the Tangguh LNG facility.
Moreover, the start-up of Tangguh Train 3 added 3.8 million tonnes per annum (mtpa) of LNG production capacity to the existing two-train facility, bringing total plant capacity to 11.4 mtpa.
BP is the operator of Tangguh LNG, acting on behalf of Tangguh production sharing contract partners.
The energy giant operates Tangguh with 40.22 percent participating interest, with partners MI Berau (16.30 percent) CNOOC Muturi (13.90 perrcent), Nippon Oil Exploration (12.23 percent), KG Berau Petroleum (8.56 percent), KG Wiriagar Petroleum (1.44 percent), and Indonesia Natural Gas Resources Muturi (7.35 percent).
