The Indonesian Government’s plan to offer new oil and gas Working Areas marks an important milestone in the country’s energy strategy. This initiative reflects a clear commitment to strengthening energy security and attracting investment, while also requiring market participants to understand the auction process and incentive schemes that will shape participation. In this context, it presents both opportunities and challenges for current PSC Contractors and potential new entrants, and is expected to drive a more dynamic and competitive upstream oil and gas sector in Indonesia.

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