British oil company BP has signed four new coalbed methane (CBM) production sharing contracts (PSCs) in the Barito basin of South Kalimantan, Indonesia.

The company and co-owner Pertamina jointly secured the Tanjung IV CBM PSC through a direct award from the Government of Indonesia.

BP will hold a 44% participating interest in the PSC while Pertamina will hold the remaining interest.

BP and co-owner PT Sugico Graha jointly secured the Kapuas I, II and III CBM PSCs through a direct offer from the Government of Indonesia.

Sugico will hold a 55% participating interest in the PSCs while BP will hold the remaining interest.

Together, the four PSCs cover an area of approximately 4,800 square kilometres.

BP said that these awards mark its first CBM access in Indonesia outside its joint venture with ENI, Vico, which in late 2009 was awarded the Sanga Sanga CBM PSC near the Bontang LNG plant in East Kalimantan.