Indonesia hands exploration licenses to BP, others in energy security push

Several companies, including a consortium of Britain’s BP and Japan’s Inpex, UAE-based Mubadala Petroleum, and Indonesia’s Medco Energi, signed new oil and gas contracts in Indonesia on May 20, as the government seeks to boost exploration activity and strengthen domestic energy supply, Oil and Gas Director General Laode Sulaeman said. BP secured interests in three blocks, including the Bintuni andSeveral companies, including a consortium of Britain’s BP and Japan’s Inpex, UAE-based Mubadala Petroleum, and Indonesia’s Medco Energi, signed new oil and gas contracts in Indonesia on May 20, as the government seeks to boost exploration activity and strengthen domestic energy supply, Oil and Gas Director General Laode Sulaeman said. BP secured interests in three blocks, including the Bintuni andRead More