Inform
ConocoPhillips wins Corridor PSC extension in Indonesia
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
ConocoPhillips' Corridor PSC, onshore Sumatra, has been extended by 20 years. The PSC, scheduled to expire in 2023, currently produces 830 mmcfd, around 15% of Indonesia’s gas output. It is the country’s second largest gas-producing PSC. Corridor is the last of the ‘big three’ license expiries to be decided, the big difference here being that the incumbent operators of the other two PSCs - Offshore Mahakam (Total) and Rokan (Chevron) – both lost out to PERTAMINA. What statement is the Government of Indonesia making by awarding Corridor to the incumbent? We see a new pragmatism at play following recent national elections. This decision, combined with the approval of INPEX’s PoD for Abadi LNG, suggests retaining IOC expertise and capital is once again on the government’s radar.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Sakakemang (Kali Berau Dalam)
Sakakemang PSC contains the Kali Berau Dalam (KBD) gas discovery onshore South Sumatra. The project includes CCS linked to the Corridor PSC.
$3,720
Asset Report
PY-3
The PY-3 field lies offshore southeast India, 16 kilometres from the coast of Tamil Nadu. The field produces a light sweet crude from …
$3,720
Asset Report
Seram Non-Bula
The Seram Non Bula PSC is located in the Seram Basin, onshore Seram Island in eastern Indonesia, and contain the producing Oseil and ...
$3,720
