Govt offers 24 oil and gas blocks to investors
Saturday, November 27 2010 - 02:02 AM WIB
The 24 blocks include 17 blocks offered through a regular tender mechanism and 7 blocks through direct offer mechanism, A. Edy Hermantoro, director of oil and gas business supervision at the Ministry of Energy and Mineral Resources, said at the annual meeting of the Indonesian Geologists Association (IAGI)in Lombok on Nov. 23, 2010. (alex)
| No | Block | Oil Split (%) | Gas Split (%) | Minimum Bonus (US$ million) | Schedule |
| Regular Tender | |||||
| 1. | East Asahan | 65/35 | 60/40 | 1 | Document Retrieval : December 10, 2010- April 22, 2011
Clarification Forum : December 13, 2010- April 20, 2011 Inclusion Document : April 25, 2011 |
| 2. | North Kuantan | 65/35 | 60/40 | 1 | |
| 3. | East Jabung | 65/35 | 60/40 | 1 | |
| 4. | SW Sumatra I | 65/35 | 60/40 | 1 | |
| 5. | SW Sumatra II | 65/35 | 60/40 | 1 | |
| 6. | North Merak | 65/35 | 60/40 | 1 | |
| 7. | West Kangean | 65/35 | 60/40 | 1 | |
| 8. | East Bangkanai | 65/35 | 60/40 | 1 | |
| 9. | West Sebuku | 80/20 | 65/35 | 1 | |
| 10. | SE Mandar | 65/35 | 60/40 | 1 | |
| 11. | Gorontalo Tomini | 65/35 | 60/40 | 1 | |
| 12. |
Tomini Bay I |
65/35 | 60/40 | 1 | |
| 13. | Tomini Bay II | 65/35 | 60/40 | 1 | |
| 14. | Tomini Bay III | 65/35 | 60/40 | 1 | |
| 15. | SW Bird?s Head | 65/35 | 60/40 | 1 | |
| 16. | Arguni I | 65/35 | 60/40 | 1.5 | |
| 17. | Arguni II | 65/35 | 60/40 | 1.5 | |
| Direct Offer | |||||
| 1. | Gurita | 65/35 | 60/40 | 1.5 | Document Retrieval : December 10, 2010- February 07, 2011
Clarification Forum : December 13, 2010 February 04, 2011
Inclusion Document : February 09, 2011 |
| 2. | Sembilang | 75/25 | 65/35 | 1 | |
| 3. | Marquisa | 75/25 | 60/40 | 1 | |
| 4. | Indragiri Hilir | 65/35 | 60/40 | 1 | |
| 5. | South Betung | 70/30 | 60/40 | 1 | |
| 6. | Sumbagsel | 75/25 | 60/40 | 1 | |
| 7. | Arafura Sea II | 65/35 | 60/40 | 1 | |