Indonesia Offers 19 New O&G Blocks for Bids

Indonesia Offers 19 New O&G Blocks for Bids

JAKARTA - Indonesia is offering 19 oil and gas blocks to investors, the Ministry of Energy and Mineral Resources said Wednesday. Five blocks would be offered in regular tenders and 14 blocks directly.

The offshore West Pelikan, East Sokang, South East Mangkalihat and East Aru blocks and the onshore/offshore South Sampang Block would be offered in regular tenders.

The 15 blocks offered directly are the onshore Bireun Sigh, Bohorok, Mahato, Bukit Batu, South Link, Tatihu, Palangkaraya, Babai and Udan Emas blocks and the offshore Bengkulu l-Mentawai, Martin, Telen, East Sepinggan and Aru blocks.

Bidders must submit proposals by May 14 for the regular tender and by July 26 for the direct offer.

Indonesia is battling to attract fresh investment in oil and gas fields to boost stagnant output.

Copyright (c) 2012 Dow Jones & Company, Inc.

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Ibrahim Bin Jaafar | Apr. 3, 2012
Indonesia provide hugh potential for oil & Gas exploration given its vast territorial waters with many scattered islands. Like to know further the exact locations of the 19 blocks offered for tender for exploration. Thank You.


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