The Government of Indonesia has granted a 20-year extension of the Tangguh PSC to bp, operator of the PSC, and its Tangguh PSC partners. Under the agreement, the Tangguh PSC, which consists of the Berau, Muturi and Wiriagar PSCs and was due to expire in 2035, will be extended to 2055.
BP plc’s production contract in Indonesia's most prolific gas fields, collectively called the Tangguh block, has been extended to 2050, paving the way for