Indonesia M&A - Pertamina acquire a stake in the Bobara PSC from PETRONAS Carigali

On 26 October 2025, PETRONAS announced that they had signed a farm-out agreement with Pertamina that will see the latter acquire a 24.5% non-operated participating interest in the Bobara PSC in Indonesia. This follows a deal signed in June 2025 that will see TotalEnergies take a 24.5% non-operated stake in the PSC. Once both deals are complete, the rights holdings will be PETRONAS Carigali (51% + operator), TotalEnergies (24.5%), and Pertamina (24.5%).