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 readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 20, 2025
1 min readLast updated: January 23, 2026
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.
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)
The main topic is Petronas' negotiations with Pertamina and TotalEnergies for a partnership to develop the Bobara oil block in Indonesia.
The companies involved are Petronas, Pertamina, and TotalEnergies.
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.
Explore more articles in the Finance category
