Were land of plenty: Indonesia offers 118 potential oil and gas working areas to boost production

JAKARTA (Xinhua): Indonesia is offering 118 potential new oil and gas working areas as part of efforts to boost national production through large-scale exploration and the accelerated optimisation of idle wells and infrastructure.

The country's Ministry of Energy and Mineral Resources announced the move on Friday (May 29).

Official data showed that as of May 20, 25 of these 118 potential areas have already garnered interest or resulted in signed contracts, while 43 others are currently in the joint study phase.

The remaining locations represent additional potential for future joint studies or direct designation as new working areas, the ministry said.

The ministry added that the government is also prioritising the optimisation of idle oil and gas structures and wells. — Xinhua