Indonesia Accepts Nine Bids in Licensing Round

Indonesia's Energy Ministry has accepted nine bids from investors for oil and gas exploration licenses, Bisnis Indonesia newspaper reported Friday. The bids are for the exploration of oil and gas in 10 blocks from a total of 17 blocks the government is auctioning, according to Rachmat Sudibyo, a director general at the Energy Ministry.

Other investors still have until July 31 to bid for the exploration licences. So far, no investors have shown interest in seven of the blocks. The 17 blocks on offer comprise onshore and offshore blocks in Maluku, Kalimantan, and Sulawesi provinces.