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AlwaysFree: Indonesia Put 8 New Oil, Gas Blocks for Bids

Author: SSESSMENTS

On Monday, Indonesia’s energy ministry announced the bid for eight new oil and gas blocks, the second time since the pandemic started.

The blocks offered are the West Palmera and Bertak Pijar Puyuh blocks on Sumatra island, the Paus offshore field in Natuna, the North Ketapang and Agung I blocks in North Java, the Karaeng and Agung II blocks in South Sulawesi, and the Maratua block in East Kalimantan.

They have a total capacity of at least 500 million barrels of oil and 22 tcf of gas.

According to Tutuka Ariadji, the director-general of oil and gas at Indonesia's energy ministry, the Bertak Pijar Puyuh, North Ketapang, Agung I, and Agung II blocks will be offered via a direct proposal tender, while the rest will be offered in a regular tender.

Previously in September, for the first time in almost two years, Indonesia awarded oil and gas blocks to local upstream energy company Energi Mega Persada and Canada's Husky Energy Inc.

Tags: AlwaysFree,Asia Pacific,Crude Oil,English,Gas,Indonesia,SEA

Published on November 29, 2021 4:45 PM (GMT+8)
Last Updated on November 29, 2021 4:45 PM (GMT+8)