BP has signed three production sharing contracts for offshore oil and gas blocks in Indonesia, bringing its total participation in the country to 11 blocks.
The new contracts include the Bintuni and Drawa exploration blocks near the BP-operated Tangguh LNG facility in Papua Barat. Their location close to existing infrastructure may support shorter-cycle development if exploration proves successful.
BP is also participating in the Barong block off East Java. Inpex operates the block with a 51% interest, while BP holds the remaining 49%.
The agreements were awarded through Indonesia’s second Petroleum Bidding Round 2025 and signed with the Indonesian government, represented by SKK Migas. The signing was witnessed by Bahlil Lahadalia, Minister of Energy and Mineral Resources.
At Bintuni and Drawa, BP’s partners are CNOOC Southeast Asia, MI Berau, and Indonesia Natural Gas Resources Muturi. MI Berau is a joint venture between Inpex and Mitsubishi Corporation, while Indonesia Natural Gas Resources Muturi is tied to LNG Japan Corporation.
William Lin, BP’s EVP Gas & Low Carbon Energy, said the agreements show the company’s continued investment in Indonesia’s energy security and economic growth. He also said the proximity of two blocks to BP’s current infrastructure could support future development and production, subject to exploration success.
The Barong working area is located offshore East Java, where several oil and gas fields have been discovered. Inpex expects stable energy demand in East Java Province over the medium to long term.
Inpex and its partner also expect that successful exploration could allow an early move into development and production. The Japanese company said upstream work in Barong is expected to support the growth of its natural gas and LNG business.
