BP has signed three new production sharing contracts (PSCs) in Indonesia, further strengthening its long-term position in one of Southeast Asia’s most strategically important gas provinces. The agreements were signed during the Indonesian Petroleum Association Convention & Exhibition 2026 and include exploration acreage in the Bintuni, Central Seram and Drawa blocks.
The move expands BP’s upstream footprint around the Tangguh LNG hub in Papua Barat, where the company already operates one of Indonesia’s largest gas developments. At the Bintuni and Drawa blocks, BP will partner with CNOOC subsidiaries, while the Central Seram PSC includes participation from Petronas.
The agreements underline continued industry confidence in Indonesia’s offshore and frontier gas potential, particularly as operators seek new supply sources to meet growing regional LNG demand. Indonesia remains a key exploration focus for several majors, supported by large underexplored basins, established LNG infrastructure, and government efforts to attract investment through PSC frameworks.
For geoscientists and subsurface teams, the newly awarded acreage presents opportunities across basin analysis, seismic imaging, reservoir characterization and integrated exploration workflows in structurally complex eastern Indonesian settings. The region combines deepwater, fold-and-thrust, carbonate and clastic play systems that continue to deliver significant exploration interest.
The announcement also aligns with BP’s broader Indonesian growth strategy following recent investments linked to the Tangguh expansion and associated CCUS developments in Papua.
