Several companies have already expressed an interest in the stakes, the Energy Ministry’s upstream oil and gas director Djoko Siswanto was quoted as saying by Reuters on Friday.
ConocoPhillips currently holds a 40% operating interest in the Block B production sharing contract, with Chevron and Japan's Inpex on 25% and 35%, respectively. The PSC is due to expire in 2028.
A ConocoPhillips spokeswoman confirmed in a statement the company is currently engaged in a process to sell its stake in the block.
The
