ConocoPhillips chief executive James Mulva met with the country’s Energy and Mineral Resources Minister Purnomo Yusgiantoro in Jakarta on Monday and made the commitment, according to MarketWatch.

Yusgiantoro said ConocoPhillips’ investment plan would focus on its existing blocks and other blocks that were currently up for tender with the Indonesian Government in which the company had expressed interest.

ConocoPhillips’ current Indonesian acreage includes Block A in Aceh and the offshore Pangkah Block in East Java.

Last year, the Government agreed to raise the US giant’s share of revenue from Block A to 49% from 30% because the company agreed to sell gas from the block to nearby state-run fertiliser company PT Pupuk Iskandar Muda.