INPEX acquires 50% stakes in bp-operated offshore Java exploration blocks

The company has acquired interests in two offshore eastern Java blocks near existing producing areas as it seeks to expand its Southeast Asian gas and LNG portfolio.
Oct. 2, 2026
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Why this news matters:

  • The deal expands INPEX's upstream footprint in Indonesia, one of Asia's most important gas-producing regions.

  • It also positions the company near existing offshore oil and gas infrastructure and discoveries.

  • The acquisition supports growing regional demand for natural gas and LNG across Southeast Asia.

 

Courtesy INPEX
Map of Agung I and Agung II Blocks offshore Java

The Agung I and Agung II production sharing contracts cover nearly 14,600 sq km offshore eastern Java in water depths ranging from 100 m to 2,000 m.

Block snapshot:

  • Operator: bp

  • Partner: INPEX (50%)

  • Location: Eastern Java offshore Indonesia

  • Agung I area: 6,656 sq km

  • Agung II area: 7,969 sq km

  • Water depth: 100-2,000 m

  • Primary target: Oil and gas exploration plays

INPEX has acquired 50% stakes from bp in two exploration blocks offshore eastern Java, Indonesia.

Both are close to areas containing numerous gas and oil fields as well as to INPEX’s existing Barong and Serpang blocks. The company expects to perform exploration of various plays across these areas.

The acquisition also fits the company’s policy of expanding its gas and LNG business in Southeast Asia.

The Agung I Block covers 6,656 sq km in water depths from 100-2,000 m. Agung II spans a 7,969-sq-km area in similar water depths.

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