Government extends offering period of oil, gas working areas

Monday, July 24 2017 - 02:10 PM WIB

The Ministry of Energy and Mineral Resources has extended the offering period of conventional and non-conventional oil and gas working areas, offered to investors via so-called direct offer tender mechanism, to give ample time to would-be investors in making economic evaluation amid the weak oil price environment.

The ministry?s Directorate General of Oil and Gas said in a statement on Monday that the new schedule of the direct offer mechanism, which was first unveiled during the May 14, 2017 Indonesian Petroleum Association (IPA) Conference and Exhibition, is as follows.

1. Non-conventional working areas
Access to bid document extended until September 7, 2017
Submission of participation document until September 14

2. Conventional working areas
Access to bid document extended until September 11
Submission of participation document until September 18

The directorate, however, said that the schedule of the regular tender mechanism remains unchanged.

Guideline for access to bid document and registration service can be seen at the web address: http://e-wkmigas.esdm.go.id.

During the IPA event, the ministry offered to investors 15 oil and gas working areas (WKs), comprising of 10 conventional working areas and five non-conventional working areas, through direct offer mechanism and regular tender with details as follows.

A. Conventional WKs offered via direct offer mechanism:
1. Andaman I, offshore Aceh
2. Andaman II, offshore Aceh
3. South Tuna, offshore Natuna
4. Merak Lampung, offshore and onshre Banten-Lampung
5. Pekawai, offshore East Kalimantan
6. West Yamdena, offshore and onshore Maluku
7. Kasuri III, onshore West Papua

B. Conventional WKs offered via regular tender mechanism:
1. Tongkol, offshore Natuna
2. East Tanimbar, offshore Maluku
3. Mamberamo, offshore and onshore Papua

C. Non-conventional WKs offered via direct offer mechanism:
1. MNK Jambi I, onshore Jambi, Shale Hydrocarbon
2. MNK Jambi II, onshore Jambi & South Sumatra, Shale Hydrocarbon
3. GMB West Air Komering, onshore South Sumatra, CBM

D. Non-conventional WKs offered via regular tender
1. GMB Raja, onshore South Sumatra, CBM
2 GMB Bungamas, onshore South Sumatra, CBM

Editing by Reiner Simanjuntak

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