Upstream in Indonesia
Picture of the country

Indonesia

In 2016, our presence in Indonesia was focused on our Upstream and Lubricants businesses.
 

Net surface area
of mineral rights

16,980

km2


Net production

48,841

barrels of oil
equivalent per day


Net proved reserves

93.0

million barrels of oil
equivalent per day

Upstream

As of December 31st, 2016, we owned mineral rights to eight blocks in Indonesia: Five exploration blocks with a net surface area of 15,391 km2 and three production/development blocks with a net surface area of 1,589 km2.

Net production in 2016 amounted to 1.1 Mbbl of liquids and 94.2 bscf of natural gas, with a total equivalent net production of 17.9 Mboe (48,841 boe/d), largely from Corridor, a major production asset. Net proved reserves of liquids and natural gas at year end were estimated at 93 Mboe.

2016 milestones

  • In August and October 2016, two exploration wells were completed in the Ogan Komering block operated by Pertamina, where Repsol has a 50% stake. Results from the Jantung Baru-1X and North Meraksa-1X wells are still under evaluation.
  • In September, another exploratory drilling came to an end, this time at Kukulambar-2X, in the Sakakemang operated block. Appraisal work was carried out, finding negative results in November.
  • On December 2nd, Repsol sold its stake in the Wiriagar block to BP, which included a 3.06% stake in the “Tangguh LNG” project.


 

Lubricants

We produce and distribute lubricants in Indonesia through an agreement with PT Sukabumi Trading Co. With this strategic local partner, we developed our first project in the world to locally manufacture lubricants.


 
 

Get the latest information on Repsol's presence in Indonesia

Information on net production, net proved reserves, and mineral rights as of December 31st, 2016