Indonesia Offers 21 Conventional And Shale Oil And Gas Blocks
JAKARTA, May 23 (Reuters) - Indonesia is offering 21 conventional and shale oil and gas blocks in its first bidding round for 2014, an energy ministry official said, as the former OPEC member aims to reverse a declining crude output.
The blocks on offer include 13 conventional oil and gas blocks and eight shale blocks, Oil and Gas Director General Eddy Hermantoro told reporters at an industry convention on Friday.
"We estimate these oil and gas blocks will provide an additional 3.5 billion barrels of oil and 107.7 trillion cubic feet (tcf) of gas resources," Hermantoro said.
Of the 13 conventional blocks, eight are being offered as direct offers and five are regular tenders, he said.
Of the eight unconventional blocks, five are being tendered as direct offers and three are regular tenders, Hermantoro said, adding that the government expected firms to commit to drilling at least one exploration well for each unconventional block it awards.
Direct offer tenders are preceded by a joint study process, in which oil and gas companies and the government work together to develop seismic data for certain blocks. Companies involved in the study then gain rights to match bids once the blocks are offered in the tender, discouraging other participants.
"We hope these will increase the oil and gas reserves for the next generation," Hermantoro said.
Oil and Gas Block Tender Stage I 2014
Conventional Direct Offers:
- North Central Java offshore, East Java offshore
- Kualakurun, onshore, Central Kalimantan
- Garung, onshore and offshore Central Kalimantan
- Offshore Pulau Moa Selatan, offshore Maluku
- Dolok, onshore and offshore Papua
- South East Papua, onshore Papua
- Abar, offshore DKI Jakarta and West Java
- Anggursi, offshore West Java and Central Java
Regular Tenders:
- North Madura II, offshore East Java
- Yamdena, offshore Maluku
- South Aru II, offshore Maluku
- Aru Trough I, offshore Maluku
- Aru Trough II, offshore Maluku
Unconventional Direct offers:
- Sakakemang, onshore South Sumatera
- Selat Panjang, onshore Riau
- Palmerah, onshore South Sumatera
- Jambi I, onshore Jambi
- Jambi II, onahore Jambi
Regular Tenders:
- Shinta, onshore South Sumatera
- North Tarakan, onshore North Kalimantan
- Kutai, onshore East Kalimantan
(Reporting by Wilda Asmarini and Fergus Jensen; editing by Jane Baird)
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