Kuwait Foreign Petroleum Exploration Company (KUFPEC) is seeking to increase oil and gas projects in Indonesia’s Natuna Sea, according to Reuters.

“We are particularly focused on potential blocks in the Natuna Sea region, which aligns with our ongoing efforts to develop the Anambas Block,” Sara Al-Baker, KUFPEC’s Indonesian country manager told Reuters.

Since taking office in October, Indonesian President Prabowo Subianto has plans to offer dozens of new oil and gas blocks to investors in the coming years.

KUFPEC already holds a participating interest in Natuna Block A, which supplies gas to Singapore, and the Anambas Block, for which it is currently securing development approval.

Currently, the company is conducting a study on Natuna D-Alpha gas block and planning to participate in the government’s future block offerings. Natuna D-Alpha has an estimated 230 trillion cubic feet (tcf) of gas resources, one of the biggest resources in the world, but has high carbon dioxide (CO2) content.

“At this stage, we are conducting a joint study and conducting our evaluation, it will depend on the result,” said Al-Baker adding that: “I think it is a very strategic project for Indonesia. The main challenge is the high CO2.”

Moreover, KUFPEC is part of two separate consortia that have signed contracts this year to explore the Melati and Amanah blocks.

Al-Baker noted that the Indonesian government has shown a commitment to offering more attractive contract terms for companies, including allowing them to choose between the traditional cost recovery model or a gross split scheme.

Notably, Indonesia recently announced large gas discoveries in the South Andaman and offshore Kalimantan, attracting investors.

“This combination of untapped potential and supportive government initiatives strengthens Indonesia’s position as a prominent destination for oil and gas exploration,” said Al Baker.