Chevron wants big oil and gas blocks, says regulator in Indonesia

Djoko Siswanto, Chairman of SKK Migas' upstream oil-and-gas regulator, stated on Tuesday that U.S. oil giant Chevron was interested in exploring and developing assets with large reserves in Indonesia.

Djoko added that Chevron was currently evaluating some of these potential assets.

Indonesia offers blocks in Bali and other parts of eastern Indonesia.

"We engage regularly with SKK Migas." As per our policy of long standing, we don't discuss the specifics of these engagements", Cameron Van Ast told us by email.

Chevron left Indonesia in 2023, when it sold its stakes at Indonesia Deepwater Development after a design change halted development.

IDD is located in the Makassar Strait, off the island Borneo. It consists of the two projects Bangka and Gendalo-Gehem. The combined recoverable resources are nearly 3 trillion cubic foot (Tcf).

(source: Reuters)