Indonesia Closes E&P Tender in July

Indonesia is offering seventeen blocks in an exploration and production tender that was delayed from the fourth quarter of 2001, said an official from the Directorate General of Oil and Gas, or MIGAS. This new tender will closed by the end of July, 2002. Two of the 17 blocks were offered in a tender last year but failed to attract interest. In that tender, Indonesia awarded six blocks out of nine offered. The two areas being re-offered are Taritip and Jangeru blocks in Makassar Straits. The remaining acreages offered in the tender include three onshore blocks and 12 offshore blocks.

The onshore blocks are Bangkanai in central Kalimantan, and Polewali and Enkarang in south Sulawesi. The offshore acreages include a third block in Makassar Straits called Muara Bakau and the Anambas block in Natuna Sea. The other offshore blocks are: Tigau and Mentana off Northeast Kalimantan, Biga and Setaf in the Seram Sea and another six acreages, Amborip I-VI, in the Arufa Sea offshore West Papua.