A member of the National Reform Council specialising in energy issues has pressed her case for abandoning the concession system for petroleum exploration and production, advocating short-term production sharing instead.

Myanma Oil and Gas Enterprise (MOGE) will not launch any new onshore or offshore bidding rounds this year, and will focus instead on the development of recently contracted blocks, the state-owned enterprise said last week.

JAKARTA — Indonesia is considering rejoining the Organisation of Petroleum Exporting Countries, the Indonesian energy minister said Thursday.

The signing of the remaining Production Sharing Contracts (PSC) for offshore blocks will be completed before the water festival begins, say officials.