Chevron to Drill More Wells in Indonesia's Rokan Block by 2021, an Industrial Info Market Brief

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The Upstream Oil and Gas Special Regulatory Task Force of Indonesia (SKK Migas) and Chevron agreed to a deal worth $150 million for the drilling of new wells in Riau, Indonesia. While PT Chevron Pacific Indonesia's operatorship in the Rokan Block in Riau, Indonesia, will end in August 2021, it is still slated to drill more than 100 new wells until next year. The company initially planned to stop drilling early this year but this move will highly disrupt the national oil production of Indonesia. It is important to note that the Rokan block is considered the second most productive oil block in Indonesia.