East Seram PSC Drilling Project
Sector: Hydrogen • Location: Indonesia
Source: Fuel Cells Works
Lion Energy holds a 60% interest and is operator of the East Seram Production Sharing Contract (PSC) in Indonesia. The company is planning to drill the Bula Karang-1 exploration well targeting a carbonate reef prospect with significant prospective resources. Well planning activities have ramped up, including hiring key drilling personnel and finalizing surface location. The company is in advanced
- Status
- Prospective
- Sector
- Hydrogen, Oil and Gas
- Location
- Indonesia
- Updated
- 22 Jul 2026
- Source
- Fuel Cells Works
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Lion Energy holds a 60% interest and is operator of the East Seram Production Sharing Contract (PSC) in Indonesia. The company is planning to drill the Bula Karang-1 exploration well targeting a carbonate reef prospect with significant prospective resources. Well planning activities have ramped up, including hiring key drilling personnel and finalizing surface location. The company is in advanced discussions to secure funding and expects to execute a binding agreement in Q4 2025. |
Original sector | Energy |
Location
Country | Indonesia |
Source
Source | Fuel Cells Works |
URL |
More Details
Record type | Project |
Sector | Hydrogen, Oil and Gas |
Article published date | 2025-10-31 |
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