bp Secures Additional Oil and Gas Blocks Near Tangguh LNG Infrastructure in Indonesia

bp Secures Additional Oil and Gas Blocks Near Tangguh LNG Infrastructure in Indonesia

(IN BRIEF) bp has signed three new Production Sharing Contracts in Indonesia covering the Bintuni, Drawa and Barong blocks, expanding its upstream energy portfolio in the country to 11 participating blocks. The agreements strengthen bp’s presence near its existing Tangguh LNG operations in Papua Barat and support Indonesia’s broader energy development objectives. The contracts were signed as part of Indonesia’s 2025 petroleum bidding round and involve partnerships with several international energy companies.

(PRESS RELEASE) LONDON, 20-May-2026 — /EuropaWire/ — bp has signed three new Production Sharing Contracts (PSCs) in Indonesia, further expanding its presence in the country’s upstream oil and gas sector and increasing its participation in Indonesian energy blocks to a total of 11.

The agreements include exploration rights for the Bintuni and Drawa blocks located near the company’s existing Tangguh LNG operations in Papua Barat, as well as participation in the INPEX-operated Barong block in East Java.

The PSCs form part of the second Indonesia Petroleum Bidding Round 2025 organized by the Indonesian Ministry of Energy and Mineral Resources. The agreements were signed between bp and the Government of Indonesia, represented by SKK Migas, during the Indonesian Petroleum Association Convention & Exhibition 2026. The signing ceremony was witnessed by Bahlil Lahadalia, Indonesia’s Minister of Energy and Mineral Resources.

William Lin, Executive Vice President for gas and low carbon energy at bp, said the agreements demonstrate the company’s continued investment in Indonesia’s energy security and economic development.

Lin noted that the location of the Bintuni and Drawa exploration blocks near bp’s existing Tangguh LNG infrastructure could potentially support shorter-cycle development opportunities if exploration activities prove successful.

He also highlighted that 2026 marks bp’s 60th year of operations in Indonesia and said the company intends to continue supporting the country’s energy resilience and long-term development objectives through ongoing collaboration with government authorities and regional partners.

At the Bintuni and Drawa blocks, bp’s project partners include CNOOC Southeast Asia Limited, INPEX CORPORATION, Mitsubishi Corporation through the joint venture MI Berau B.V., and LNG Japan Corporation through Indonesia Natural Gas Resources Muturi, Inc.

Following the agreement, bp also confirmed that it holds a 49 percent stake in the Barong block, while INPEX CORPORATION retains a 51 percent share and serves as operator of the project.

The expansion reinforces Indonesia’s continued importance within bp’s global gas and low carbon energy strategy, particularly as the company continues investing in liquefied natural gas infrastructure and regional energy supply development across Asia-Pacific.

The Tangguh LNG project remains one of Indonesia’s largest natural gas developments and serves as a key component of the country’s export-oriented energy infrastructure.

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SOURCE: BP