- Chevron (NYSE:CVX) has submitted a proposal to extend its contract to operate the Rokan oil block in Indonesia - the country's single largest source of crude oil - beyond 2021, the country's Deputy Energy Minister says.
- CVX recently received government approval for plans to drill additional wells in six fields within the Rokan production sharing contract this year.
- The government is evaluating 23 oil and gas contracts due to expire up to 2026 and will prioritize decisions on those expiring soonest, the official says; the contract for the Corridor block operated by a unit of ConocoPhillips (NYSE:COP) is due to expire in 2023.