TIS tabled a minimum firm commitment spend of $2.25 million for the initial three years of the exploration term and stumped ...

Indonesia is working to bolster its oil and gas reserves and has awarded the Perkasa block to TIS Petroleum and will auction the Gagah block in South Sumatra.

Indonesia awarded oil and gas block Perkasa to TIS Petroleum (Asia) Pte Ltd for exploration and announced offering of another block in South Sumatra, the energy ministry said on Friday.