Indonesia offers 15 conventional and unconventional oil and gas blocks

Indonesia offers 15 conventional and unconventional oil and gas blocks

Indonesia is offering 15 conventional and unconventional oil and gas blocks
(10 conventional and 5 unconventional). Three conventional blocks are
offered through regular bids, namely Tongkol (East Natuna Basin), East
Tanimbar (Maluku) and Memberamo (Papua), while seven will be awarded through
direct offers: Andaman I, Andaman II, South Tuna (Riau island), Merak
(Banten&Lampung), Pekawai (East Kalimantan), West Yamdena (Maluku), and
Kasuri III (West Papua). Among the non conventional oil and gas blocks, two
are shale gas (Jambi I and Jambi II) and three are coal bed methane: Raja
(South Sumatra), Bungamas (South Sumatra) and West Air Komering (South
Sumatra).

In 2016, Indonesia offered 17 oil and gas blocks, received many bids but
only selected one winner after evaluations. Low oil prices in 2016 also
contributed to limit investors' interest. Consequently, the blocks offered
in 2017 have new production sharing rules, in an attempt to lure investors
in its oil and gas sector. The government will also revise rules on
recoverable costs and reduce import duties on exploration equipment.

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Link to Original Article:
https://www.enerdata.net/publications/daily-energy-news/indonesia-offers-15-
conventional-and-unconventional-oil-and-gas-blocks.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com