
Shankar Krishnan
Senior Regional Manager leading Enverus' Asia-Pacific upstream analysis, based in Singapore, and a recurring expert guest on the Enverus Intelligence podcast's Global Upstream Scouting | Asia Pacific series.
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Sep 8, 2026
Global Upstream Scouting | Asia Pacific | Regional Gas Project Roundup, Vijayapuram Andamonium, Supermajors Slowly Slinking In
3:51
3:59
4:11
4:20

Patrick RuttyHOST
And my question is basically, do you think they're gonna make it across the line, and does anything need to change in order for that to happen?

Shankar KrishnanGUEST
Oh, INPEX definitely, uh, Abadi and the Masela PSC, that's definitely, um...

Shankar KrishnanGUEST
Um, FID, uh, was previously end 2026, but I think they postponed it to mid-2027 now.

Shankar KrishnanGUEST
It's needed for Indonesia and Abadi, which is one of the govern- the govern- uh, Indonesian government's biggest, um, focus right now to supply itself, um, with gas.
12 MINS LATER
Global Upstream Scouting | Asia Pacific | BP Negotiating in South Korea, Andaman Sea Progress, Taroom Trough Tests, UK Indies Rotating to SE Asia
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8:53
9:20
9:34
9:42

Patrick RuttyHOST
Oh, actually, maybe it is a service contract, but how would you characterize this relationship with BP and, uh, and, uh, ONGC?

Shankar KrishnanGUEST
Y- yeah, so I think BP is trying to step in with its expertise, uh, in terms of providing technical services, you know, and, uh, providing its own, um, knowledge base that it had had accumulated over, you know, decades of exploration to help India trying to formulate what works and what not, what, what does not work in terms of, uh, promoting certain areas.

Shankar KrishnanGUEST
I see it as BP just trying to get ahead of the curve, trying to be there when these studies are done so that it has first mover advantage.

Shankar KrishnanGUEST
Not a big portion, but just a small, uh, equity partner in, uh, a few contracts that was signed a couple of years ago.

Shankar KrishnanGUEST
So BP has definitely kind of set its foot into India, and I think this is a way that BP's strategy is evolving into understanding more about India without bearing the costs of taking on a license and all the other, um, you know, formalities that come with it.
9 MINS LATER
Global Upstream Scouting | Asia Pacific | Ballooning Browse Budget Begets Bargaining, Indonesia Gets Unconventional
12:22
12:35
12:45
12:58

Shankar KrishnanGUEST
So this has been a legacy, uh, area for, uh, Indonesia producing since, uh, one of the first fields that were brought on stream, um, if I'm, if I'm correct.

Shankar KrishnanGUEST
And with the declining production and, you know, terms not being, uh, flexible enough for companies to come and, uh- ... continue, uh, from the conventional formations.

Shankar KrishnanGUEST
Um, it's been the com- uh, it's been the government's, uh, intention to promote, um, the potential unconventional prospectivity of the area, and that's where EOG c- ca- uh, came in, and they drilled two wells.

Shankar KrishnanGUEST
Um, but since drilling those two well, there's not been much announcements until recently where those, uh, the regulator and, uh, EOG decided to, uh, join forces to develop more of, uh, uh, the unconventional potential in onshore Sumatra.
Global Upstream Scouting | Asia Pacific | Bidding for Continued Success
1:19
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Shankar KrishnanGUEST
Yeah, so the IPA is the premier conference held in Indonesia where operators and offshore oilfield services companies promote their wares.

Shankar KrishnanGUEST
It attracts industry, it attracts students, and it's a big show in terms of attracting young talent into this industry as well.

Shankar KrishnanGUEST
So there were lots of students, there were lots of postgrad students, undergrad students, and it just represents the extent of the oil and gas industry in Indonesia.

Shankar KrishnanGUEST
So exploration, production is definitely one of the key pillars of the Indonesian economy for oil and gas.

Shankar KrishnanGUEST
So this conference was a key part of showing the world as to how much foreign investment is in Indonesia with the likes of ENI, BP having massive booths.
11 MINS LATER
