UPDATE 1-BP Indonesia says no change to Indonesian strategy

BP Indonesia, a unit of BP plc, on Wednesday said there was no change to its strategy or plans in Southeast Asia's biggest economy and that it wants to expand and find new opportunities in Indonesia.

The statement follows BP's announcement on Tuesday that it plans to sell $30 billion in assets over the next 18 months to help cover its liabilities resulting from the Gulf oil spill.

"In Indonesia, there is no change to our strategy and plans. Indonesia is an important area for BP," BP Indonesia president, William Lin, said in an email to Reuters.

"We will continue to manage our existing operations in a safe and efficient manner, as well as continuously look to grow these assets and access new opportunities through further development, exploration and renewal," he said.

BP has a 37.16 percent stake in Indonesia's Tangguh liquefied natural gas (LNG) project in Papua, in the easternmost part of the sprawling archipelago, which has capacity to produce 7.6 million tonnes per year (tpy) through two trains.

The Tangguh project cost about $5 billion. Other partners in the project include China National Offshore Oil Corp.

Tangguh has several foreign supply contracts, including a 2.6 million tpy contract with CNOOC, while U.S. firm Sempra Energy has a 20-year contract to lift 3.6 million tpy, and there are also supply contracts with South Korean firms K-Power and POSCO.

BP also has a stake in Sanga Sanga gas field in East Kalimantan, Borneo island, and has also participated in a coalbed methane (CBM) project in the same area in East Kalimantan.

 (Reporting by Muklis Ali; Editing by Sara Webb, Reuters)