bp has been awarded Agung l and Agung ll oil and gas exploration blocks by the Indonesian government as part of the second round of 2021 Oil and Gas Working Area (WK) Bid Round.
Agung I block covers an area of 6,656 sq km deepwater offshore Bali and East Java, while the Agung II block lies in deepwater offshore of South Sulawesi, West Nusa Tenggara and East Java covering an area of 7,970 sq km. The area is underexplored with potential of gas resource close to growing gas demand, bp said Mar. 18.
bp will serve as operator with 100% interest.
bp currently operates Indonesia’s largest gas-producing field in Tangguh LNG in Bintuni Regency, Papua Barat, contributing about 20% of national gas production. It is expected to increase to more than 30% with Train 3 startup following completion of the Tangguh expansion project. bp also has non-operated interest (30%) in Andaman II PSC, an offshore deepwater exploration block in Aceh.
