Dateline 2025-05-22, Offshore Energy:
The Serpang and Binaiya blocks were secured through a competitive bidding process in the second round of the Indonesia Petroleum Bid Round 2024, organized by the Indonesian government.
Situated in what is described as one of Indonesia’s most promising hydrocarbon regions offshore in northeast Java, the Serpang block covers around 8,498 square kilometers. Petronas is the operator with a 51% stake, INPEX holds a 35% interest, and SK Earthon a 14% stake in the block.
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Posted by Wata 