Inpex Secures Exploration Rights for Offshore Eastern Java Block in Indonesia

MT Newswires Live

May 21

Inpex (TYO:1605) secured exploration rights for the Barong Working Area offshore Eastern Java, Indonesia, as part of the second Indonesia Petroleum Bidding Round 2025.

Through its subsidiary Inpex Barong, the Japanese company signed a production sharing contract with Indonesian regulator SKK Migas and BP Barong, according to a statement on Thursday.

The 8,499.88 sq km area, located in waters up to 1,000 metres deep off East Java, where several oil and gas fields have already been discovered, will be operated by Inpex Barong with a 51% stake, while BP Barong holds the remaining 49%.

Inpex expects that successful exploration activities could lead to an early transition to development and production, given East Java's anticipated stable medium- to long-term energy demand.

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