Government offers new oil, gas working areas
Saturday, May 20 2017 - 05:40 AM WIB
The government unveiled on Friday 15 new oil and gas working areas to be offered to investors comprising of 10 conventional working areas and five non-conventional working areas.
The Ministry of Energy and Mineral Resources said in a statement that the 15 working areas, unveiled at the end of the 41st Indonesian Petroleum Association (IPA) Convention and Exhibition, will be offered via regular tender and direct offer mechanisms.
A. Conventional working areas being offered to investors are as follows.
| No. | Working Area | Location | Size of area (km2) |
Direct Offer |
|||
| 1. | Andaman I | Offshore Aceh | 7,346 |
| 2. | Andaman II | Offshore Aceh | 7,399.85 |
| 3. | South Tuna | Offshore Natuna | 7,827.09 |
| 4. | Merak Lampung | Offshore and Onshore Banten-Lampung | 5,104.17 |
| 5. | Pekawai | Offshore East Kalimantan | 7,775.83 |
| 6. | West Yamandena | Offshore and Onshore Maluku | 8,209.96 |
| 7. | Kasuri II | Onshore West Papua | 752.39 |
Regular Tender |
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| 8. | Tongkol | Offshore Natuna | 583.98 |
| 9. | East Tanimbar | Offshore Maluku | 8,242.81 |
| 10 | Mamberano | Offshore and onshore Papua | 7,783 |
The statement said that the offering schedule for the conventional working areas include bid document access on Mei 29, 2017, and return of participation document at the latest on July 17, 2017 (direct offer mechanism) and on September26, 2017 (regulator tender).
B. Non-conventional working areas being offered are as follows.
| No. | Working Area | Location | Size area (km2) | Remarks |
Direct Offer |
||||
| 1. | MNK Jambi I | Onshore Jambi | 2,827.93 | Shale Hydrocarbon |
| 2. | MNK Jambi II | Onshore Jambi & South Sumatra | 1,622.35 | Shale Hydrocarbon |
| 3. | GMB West Air Komering | Onshore South Sumatra | 1,085.00 | CBM |
Regular Tender |
||||
| 4. | GMB Raja | Onshore South Sumatra | 580.50 | CBM |
| 5. | GMB Bungamas | Onshore South Sumatra | 483.60 | CBM |
Offering scheduled for non-conventional working areas include access to bid document on May 29, and return of participation document at the latest on July 12 (for direct offer) and on September 25 (for regular tender)
The ministry said that the recently introduced gross-split mechanism will be applied in the production sharing contracts of the new oil and gas working areas. The base split between the government and the contractors is set at 57%:43% for oil, and 52%:48% for gas. The base split will be adjusted with actual condition of the fields later on during development phase through the adjustment of variable and progressive components.
Further information can be seen in the following web address http://e-wkmigas.esdm.go.id.
Editing by Reiner Simanjuntak