Exploration & Production

Chevron to leave Indonesia’s Makassar block in 2020

Chevron has decided not to renew its licence for the Makassar Strait Block in Indonesia when it expires in 2020.
By Staff reporter 11 July 2018 0 31705

Chevron has decided not to renew its licence for the Makassar Strait Block in Indonesia when it expires in 2020, according to Reuters.

The block was part of the Indonesia Deepwater Development.

The government will tender the block as soon as possible, Djoko Siswanto, director general of oil and gas within Indonesia’s energy ministry, told the newswire.