SK Earthon takes North Ketapang stake ahead of drilling

SK Earthon acquired a 34% interest in the North Ketapang offshore exploration block in Indonesia, expanding its upstream portfolio in Southeast Asia ahead of planned drilling activity.

The block is operated by PETRONASg with a 51% interest, alongside PT Pertamina Hulu Energi with 15%. Under the joint venture arrangement, the partners plan to begin exploration drilling within the year, targeting prospective structures in an area where nearby wells have delivered recent oil discoveries.