Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Indonesia approves $3 billion development plan for South China Sea gas block

    Indonesia approves $3 billion development plan for South China Sea gas block

    January 2, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp
    *An oil rig in the disputed South China Sea.

    Jakarta — Indonesia has approved the first plan of development for the Tuna offshore gas field with total estimated investment of $3.07 billion up to the start of production, upstream oil and gas regulator SKK Migas said on Monday.

    The Tuna field, located in the South China Sea between Indonesia and Vietnam, is expected to reach peak production of 115 million standard cubic feet per day (MMSCFD) in 2027, SKK Migas spokesperson Mohammad Kemal said.

    Natural gas from Tuna field, which is operated by a local unit of London-listed Harbour Energy, is expected to be exported to Vietnam starting in 2026, Indonesia’s energy minister has previously said.

    SKK Migas chairman Dwi Soetjipto on Monday said that aside from economic benefits, development of the project would underline Indonesia’s maritime entitlements.

    “There will be activity in the border area which is one of the world’s geopolitical hot spots,” Dwi said in a statement.

    “The Indonesian navy will also participate in securing the upstream oil and gas project so that economically and politically, it becomes an affirmation of Indonesia’s sovereignty.”

    Energy activities in the South China Sea have in recent decades been held hostage by disputes over which country has sovereign rights, with work by Vietnam, Malaysia and the Philippines in their exclusive economic zones disrupted by Chinese coast guard or marine surveillance vessels.

    China claims sovereignty over almost the entire South China Sea citing its own historical maps, claims that an international arbitration tribunal in 2016 ruled have no legal basis.

    In 2021, China told Indonesia to stop drilling for oil and natural gas in maritime territory that both countries regard as their own, people familiar with the matter told Reuters at the time.

    Reporting by Bernadette Christina; Editing by Martin Petty — Reuters

    Follow us on twitter

    Related News

    Tinubu pardons Ken Saro-Wiwa, confers national honours on Ogoni Nine

    NCDMB Executive Secretary becomes member of APPO Board

    Nigeria secures commitment from Europe’s sole Nigerian crude refiner, Moeve Global

    E-book
    Resilience Exhibition

    Latest News

    NSC seeks closer collaboration with Police to boost Port enforcement

    June 12, 2025

    Senate Committee commends NCDMB, pledges support to drive the local content development

    June 12, 2025

    Tinubu pardons Ken Saro-Wiwa, confers national honours on Ogoni Nine

    June 12, 2025

    Ensure NDDC 2025 budget reflects economic realities – Stakeholders

    June 12, 2025

    Nigeria reaffirms partnership with ILO on promoting social justice & decent work

    June 12, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.