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PetroChina 'Ready to Run' to Develop Jabung Until 2043. In a media interview on the sidelines of IPA Convex 2024, PetroChina Indonesia President Director Qian Mingyang said that Jabung is an important part of the upstream oil and gas investment in Indonesia.
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PetroChina in Indonesia - at a Glance. PetroChina began operating in Indonesia in 2002. Indonesia was PetroChina's first overseas investment destination. Over the years, PetroChina has developed itself into one of Indonesia's most prominent upstream oil and gas companies.
Nov 29, 2021 · PetroChina, a subsidiary of China National Petroleum Corporation, has secured a 20-year extension for the Jabung Block, the seventh biggest producer in Indonesia. The block, operated by PetroChina since 2002, has produced 362.22 million barrels of oil equivalent by 2020.
Dec 9, 2021 · PetroChina International Jabung Ltd. has extended its contract to manage the Jabung Working Area in Jambi until 2043. The company has invested billions of dollars and supported various social and environmental programs in Indonesia since 2002.
Jun 10, 2021 · The two oil companies have submitted a joint proposal to operate the Jabung Block, one of Indonesia's top oil and gas producers, when the current contract ends in 2023. The move marks a shift from Pertamina's previous policy of taking over legacy contracts from IOCs.
Dec 19, 2022 · PetroChina Jabung, the operator of Jabung Block in Jambi Province, Indonesia, closed 2022 with satisfactory results from 14 development wells and a field trial for CO2 Injection Huff & Puff technology. The block, which has a contract extension from 2023-2043, aims to maximize its oil-and-gas production and reserves with various programs.
To support Indonesia’s energy security through PetroChina’s sustainable development. Our Mission. To be a leading oil and gas company in Indonesia. Our Values. Safety, Integrity, Integrated, Innovation and Agile.
