Petronas wins North Ketapang block In Indonesia
PC Ketapang II, a subsidiary of Malaysian state-run Petronas, has won the North Ketapang block, located onshore and offshore East Java, during the second round of the Indonesia Petroleum Bid Round 2021, Petronas said on March 18.
Petronas will operate and hold a 100% equity in the 3,131.8 km2 block with water depths of up to 100 m below sea level.
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The Malaysian state-run company is also the operator for the Ketapang production sharing contract (PSC) and North Madura II PSC offshore East Java and is a joint venture partner in six PSCs located both onshore and offshore Sumatra, Natuna Sea, East Java, as well as East Indonesia.