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SK Earthon gets stake in Indonesian Ketapang oil block

  • Mercados: Crude oil
  • 25/11/25

South Korean oil exploration firm SK Earthon has acquired a 34pc interest in the North Ketapang exploration block in northeast Java, Indonesia, it announced on 24 November.

SK Earthon acquired the stake from Malaysian state-owned Petronas' subsidiary Petronas North Ketapang, the operator of the block. North Ketapang spans approximately 3,131km², and SK Earthon will jointly explore the block with Petronas North Ketapang, which has a 51pc share, and Indonesia's state-owned Pertamina Hulu Energi North Ketapang, which owns the remaining 15pc.

SK Earthon aims to begin drilling at the block within the year, it said. Recent exploration efforts near the block have resulted in oil discoveries in new geological formations beyond existing production layers, according to the firm, indicating "the area's high potential for further oil discoveries."

The firm also holds interests in two other Indonesian blocks — Serpang and Binaiya. It intends to "develop Indonesia as a strategic resource development hub through [a] southeast Asia clustering strategy," it said. The firm also has active projects in Vietnam and Malaysia, as well as China.

Recent discoveries in the region have led to growing interest from international investors, with major firms recently returning to the fore in the past year or so.


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