Government extends oil, gas block tender deadline
Wednesday, November 22 2017 - 12:58 AM WIB
The Ministry of Energy and Mineral Resources has decided to once again extend the deadline of ongoing tender of 15 oil and gas working areas until December 31 from previous deadline of November 27 of this year.
Director General of Oil and Gas at the ministry, Ego Syahrial said on Tuesday that the deadline was pushed back as both the ministry and prospective investors are still waiting for the issuance of the government regulation on tax system of the gross split production sharing contract.
?They (bidders) are still waiting for the government regulation, so we pushed back the deadline for bidders to submit the tender document to December 31,? he said.
Ronald Gunawan, a member of the Indonesia Petroleum Association (IPA), welcomes the decision to extend the tender deadline pending the issuance of the government regulation on the gross split scheme tax system so as to provide certainty for the oil and gas investors.
The government is offering 15 oil and gas blocks via tender this year, comprising of 10 conventional and 5 non-conventional blocks to investors. The government will apply the new gross split scheme in the oil and gas contracts. The tender deadline has been repeatedly delayed in a bid to lure more tender participants following previous failed tender.
Elsewhere, Ego said that of the 10 conventional oil and gas working areas being offered, there are already 20 bidders (accessing the bid documents), and only two bidders for the non-conventional blocks.
Following is the list of the conventional oil and gas working areas.
Via direct offer tender:
1. Andaman I, offshore Aceh, 7,346 km2.
2. Andaman II, offshore Aceh, 7,399.85 km2.
3. South Tuna, offshore Natuna, 7,827.09 km2.
4. Merak Lampung, offshore and onshore Banten-Lampung, 5,104.17 km2.
5. Pekawai, offshore East Kalimantan, 7,775.83 km2.
6. West Yamdena, offshore and onshore Maluku, 8,209.96 km2.
7. Kasuri III, onshore West Papua, 752.39 km2.
Via regular tender:
8.Tongkol, offshore Natuna, 583.98 km2.
9. East Tanimbar, offshore Maluku, 8,242.81 km2.
10.Mamberamo, onshore and offshore Papua, 7,783 km2.
The non-conventional working areas are as follows.
Via direct offer
1. MNK Jambi I, onshore Jambi, 2,823.93 km2, shale hydrocarbon.
2. MNK Jambi II, onshore Jambi and South Sumatra, 1,622.35 km2, shale hydrocarbon
3. GMB West Air Komering, onshore South Sumatra,1,085 km2, coal bed methane (CBM).
Via regular tender
4.GMB Raja, onshore South Sumatra, 580.50 km2, CBM,
5. GMB Bungamas, onshore South Sumatra, 483.60 km2, CBM.
Editing by Reiner Simanjuntak