- Signed three PSCs in Indonesia as part of the 2025 Petroleum Bidding Round, increasing bp's participation to 11 blocks.
- Two blocks—Bintuni and Drawa—are adjacent to bp-operated Tangguh LNG in Papua Barat, offering potential for short-cycle gas development.
- bp holds 49% in the Barong block (East Java) with operator INPEX at 51%; Bintuni and Drawa partners include CNOOC Southeast Asia, MI Berau (INPEX/Mitsubishi JV) and Indonesia Natural Gas Resources Muturi.
Agreements signed
bp and partners signed three Production Sharing Contracts (PSCs) with the Indonesian government (represented by SKK Migas) at the Indonesian Petroleum Association Convention & Exhibition 2026; the awards were part of the second Indonesia Petroleum Bidding Round 2025 and raise bp’s participation to 11 blocks in Indonesia.
Blocks and development potential
Two PSCs cover the Bintuni and Drawa exploration blocks in Papua Barat, located near the bp-operated Tangguh LNG facility and offering potential for short-cycle gas development and tie‑backs to existing infrastructure; the third covers the Barong block in East Java.
Partnerships and stakes
At Bintuni and Drawa bp’s partners include CNOOC Southeast Asia Limited, MI Berau B.V. (an INPEX/Mitsubishi joint venture) and Indonesia Natural Gas Resources Muturi, Inc.; in Barong bp holds a 49% interest with INPEX CORPORATION as 51% operator.
Regulatory context
The PSC signings were witnessed by Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, and formalize commitments arising from the 2025 bidding round.
