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    Home > Finance > Petronas says in talks with Pertamina, TotalEnergies for Bobara block partnership
    Finance

    Petronas says in talks with Pertamina, TotalEnergies for Bobara block partnership

    Published by Global Banking & Finance Review®

    Posted on May 20, 2025

    1 min read

    Last updated: January 23, 2026

    Petronas says in talks with Pertamina, TotalEnergies for Bobara block partnership - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Petronas is negotiating with Pertamina and TotalEnergies for a partnership to develop Indonesia's Bobara oil block, marking its first deep-water project in the region.

    Petronas Negotiates Bobara Block Partnership with Pertamina

    TANGERANG, Indonesia (Reuters) - Malaysian state oil firm Petronas is in discussions with Indonesia's Pertamina and French energy group TotalEnergies to form a partnership for the development of the Bobara oil block in Indonesia, a senior Petronas executive said on Tuesday.

    The talks have been taking place since last year but no deal has been signed yet, Mohd Redhani Abdul Rahman, Petronas' vice president of international assets, told reporters on the sidelines of the Indonesia Petroleum Association conference.

    Petronas signed a production-sharing contract with the Indonesian government for the Bobara block last year.

    The block, which the government estimates has 6.8 billion barrels of oil equivalent, will be Petronas' first deep-water project in Indonesia as an operator, the company said last year.

    (Reporting by Bernadette Christina Munthe; Writing by Fransiska Nango; Editing by John Mair)

    Key Takeaways

    • •Petronas is in discussions with Pertamina and TotalEnergies.
    • •The partnership aims to develop the Bobara oil block in Indonesia.
    • •Talks have been ongoing since last year without a signed deal.
    • •The Bobara block is estimated to have 6.8 billion barrels of oil.
    • •This will be Petronas' first deep-water project in Indonesia.

    Frequently Asked Questions about Petronas says in talks with Pertamina, TotalEnergies for Bobara block partnership

    1What is the main topic?

    The main topic is Petronas' negotiations with Pertamina and TotalEnergies for a partnership to develop the Bobara oil block in Indonesia.

    2Who are the companies involved?

    The companies involved are Petronas, Pertamina, and TotalEnergies.

    3What is the significance of the Bobara block?

    The Bobara block is significant due to its estimated 6.8 billion barrels of oil equivalent and being Petronas' first deep-water project in Indonesia.

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