{
    "success": true,
    "data": {
        "id": 1783875,
        "msgid": "shell-and-kuwaits-kufpec-conclude-joint-study-on-five-indonesian-oil-and-gas-blocks-1780558249",
        "date": "2026-06-04 11:50:00",
        "title": "Shell and Kuwait's KUFPEC Conclude Joint Study on Five Indonesian Oil and Gas Blocks",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Energy",
        "summary": "Indonesia's upstream oil and gas regulator SKK Migas has announced that a joint study by Shell Plc and KUFPEC on five domestic oil and gas blocks is in its final stages. The collaboration, involving two offshore and three onshore areas, signals renewed interest from the global supermajor, which recently purchased data through the Membership Data Room. This development follows direct government engagement aimed at attracting foreign investment back into the country's hydrocarbon sector.",
        "content": "<p>The Special Task Force for Upstream Oil and Gas Business Activities\n(SKK Migas) has revealed that a joint study between Shell Plc and Kuwait\nForeign Petroleum Exploration Company (KUFPEC) on five oil and gas\nworking areas has now entered the finalisation stage. Head of SKK Migas\nDjoko Siswanto stated that the joint study covers five blocks,\ncomprising two offshore and three onshore working areas. \u201cYes, there are\nseveral, five joint studies, two offshore, three onshore if I\u2019m not\nmistaken,\u201d Djoko said at the House of Representatives building, quoted\non Thursday (4\/6\/2026). Djoko further noted that the progress of the\njoint study is now in its final stages and is expected to be completed\nsoon. \u201cIn finalisation, hopefully it will be finished quickly; the\nblocks have been auctioned and worked on,\u201d he said. Previously, SKK\nMigas Deputy for Exploration, Development, and Working Area Management\nRikky Rahmat Firdaus mentioned that last March, his team was invited\ndirectly by Shell to its headquarters to assure investors. Following the\nmeeting, Shell subsequently attended the Indonesian Petroleum\nAssociation (IPA) convention and purchased data through the Membership\nData Room (MDR). \u201cThe Head ordered us to invite Shell to Indonesia for\nthe IPA event. We invited them back, and they verbally expressed an\ninterest in re-entering Indonesia,\u201d Rikky said at the SKK Migas office,\nquoted on Tuesday (22\/7\/2025). According to Rikky, proof of Shell\u2019s\ninterest in upstream oil and gas investment in Indonesia is evident, as\nthe global giant purchased MDR data for US$30,000. As a result, his\nparty aims to ensure Shell feels comfortable sharing the risks of\ninvesting in Indonesia. \u201cAnd this is proven by Shell buying data through\nthe MDR. So, they participated and bought the US$30,000 package, which\nhas already been paid to the state to examine the opportunities,\u201d he\nstated.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/shell-and-kuwaits-kufpec-conclude-joint-study-on-five-indonesian-oil-and-gas-blocks-1780558249",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}