Indonesia intends to offer eight oil and gas exploration blocks this year as the government hopes to increase petroleum reserves and production, Acting Director General of Oil and Gas in the Ministry of Energy and Mineral Resources I Gusti Nyoman Wiratmadja said Tuesday in a written submission to Commission VII of the House of Representative.
Four blocks will be offered through direct negotiations, while the remaining four will be via a regular tender, the official revealed, as indicated in a news release by Indonesia's Ministry of Energy and Mineral Resources.
The four blocks to be offered through direct negotiations are:
Meanwhile, the other four blocks that the Indonesian government is offering through a regular tender include:
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you