Indonesia has announced the latest winners of its oil and gas exploration bid rounds, awarding nine new work areas (WAs) under the 2025 IPBR II and III.
Out of 110 oil and gas work areas identified as having exploration potential across the country, 21 have been awarded since late 2024. The nine newly awarded work areas were officially announced on March 17, 2026.
The total committed investment for these nine work areas amounts to US$84.75 million, with a signing bonus of US$3.65 million. The awards were granted through a direct offer tender process conducted by the Ministry of Energy and Mineral Resources (ESDM).
The Newly Awarded Oil and Gas Work Areas
In Sumatra
* Karunia WA – PT Sele Raya
* Jalu WA – Armada Talu Holdings B.V.
* Southwest Andaman WA – Mubadala Petroleum (Andaman II JSA) Limited
* Delapan Muaro WA – PT Tenang Wijaya Sejahtera
* Tapah WA – PT Goldenheaven Prima Investama
In Java
* Nawasena WA – Medco Energi
* Barong WA – Consortium of Inpex Corporation and BP Exploration Indonesia Limited
In Papua
* Bintuni and Drawa WA – Consortium of BP Exploration Indonesia Limited, MI Berau B.V., CNOOC Southeast Asia Limited, and Indonesia Natural Gas Resources Muturi Inc.
These awards mark a continued effort by the Indonesian government to accelerate upstream oil and gas development and attract investment into prospective exploration areas nationwide.
