Indonesia Eyes Angola Upstream Investment, Oil Offtake and Energy Training Partnerships
Indonesia is seeking to deepen its oil and gas relationship with Angola through upstream and midstream investment, long-term crude and gas offtake agreements and technical training for Angolan students.
Indonesia’s Vice Foreign Minister Arif Havas Oegroseno said the country wanted to build a broader partnership with Angola by drawing on its experience as a former oil exporter that has become increasingly dependent on imports.
Indonesia currently produces about 600,000 barrels of oil per day against consumption of roughly 1.2 million barrels per day, increasing the importance of securing reliable international supplies.
The country is therefore looking to strengthen its relationship with Angola through investment in oil and gas projects, while securing longer-term access to Angolan crude and other energy supplies.
Indonesia already has an upstream foothold in Angola through state-owned Pertamina International EP’s 71.09% ownership of French-listed Maurel & Prom.
The company holds interests in offshore Blocks 3/05 and 3/05A and has also expanded its exposure through Block 3/24.
Pertamina is now seeking to move beyond its existing interests and pursue upstream operatorship, joint ventures and direct partnerships with Angolan companies, including Sonangol.
The proposed cooperation also extends beyond investment. Indonesia plans to offer oil and gas scholarships to Angolan students as part of efforts to strengthen technical expertise and knowledge sharing between the two countries.
Oegroseno said Indonesia also wanted to expand cooperation with Angola into agriculture, healthcare and other sectors, reflecting a broader effort to strengthen bilateral economic relations.
The initiative comes as both countries seek to expand commercial ties across the energy value chain. For Angola, greater Indonesian participation could bring additional investment and technical capabilities to its upstream and midstream sectors, while Indonesia could strengthen its access to a major African oil producer.
The developing partnership therefore creates opportunities for deeper cooperation between Pertamina, Sonangol and other industry participants as Indonesia seeks a larger role in Angola’s oil and gas sector.
