Indonesia offers three unconventional oil and gas blocks - official

Indonesia offers three unconventional oil and gas blocks - official

Indonesia is offering three new unconventional oil and gas blocks on the
islands of Sumatra and Kalimantan to potential bidders, an energy ministry
official said on Monday.

The assets on offer are one shale gas block in East Kalimantan, with
potential resources of 7 trillion cubic feet of gas and 21 million barrels
of oil, as well as two coalbed methane blocks in South Sumatra.

Bidders can propose a production split or make an upfront payment for the
right to develop the block, Tunggal, an upstream director at the
directorate-general of oil and gas who goes by one name, told reporters.

Previously, any split in production was pre-determined by the Indonesian
government.

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Ref:
http://energy.economictimes.indiatimes.com/news/oil-and-gas/indonesia-offers
-three-unconventional-oil-and-gas-blocks-official/55171950

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com