Govt offers non-conventional blocks

Oil and gas block tender attracts investors

Saturday, May 24 2014 - 04:21 AM WIB

By Godang Sitompul

The Ministry of Energy and Mineral Resources announced on Friday the Phase I of 2014 non-conventional block tender, in which eight shale blocks are offered through regular and direct offer mechanisms

The eight blocks include two blocks offered by state owned oil and gas firm PT Pertamina.

Direct offer

No. Block?s name Location
1. MNK Sakakemang Onshore South Sumatra
2. MNK Selat Panjang Onshore Riau
3. MNK Palmerah Onshore South Sumatra

Regular tender

No. Block?s name Location
1. MNK Shinta Onshore South Sumatra
2. MNK North Tarakan Onshore North Kalimantan
3. MNK Kutai Onshore East Kalimantan

Direct offer Pertamina

No. Block?s name Location
1. MNK Jambi I Onshore Jambi
2. MNK Jambi II Onshore Jambi

Bid submission is set at June-July 2014 for direct proposal bidding and June-October 2014 for regular bidding.

Meanwhile, Director of Upstream Activities Supervision at the Directorate General of Oil and Gas Hendra Fadli told Petromindo.com that the oil and gas blocks offered by the ministry in the Phase 1 of 2014 Oil and Gas Block Tender seemed to be attractive enough for investors that big companies, such as BP, ConocoPhillips and ENI, have voiced interest in the blocks.

Regular blocks:

No. Block?s name Location Interested investors
1. North Madura offshore East Java ENI, ConocoPhillips
2. Yamdena offshore Maluku BP
3. South Aru II offshore Maluku BP, ConocoPhillips
4. Aru Trough I offshore Maluku BP
5. Aru Trough II offshore Maluku BP

Direct Proposal Blocks

No. Block?s name Location Interested investors
1. North Central Java offshore Central Java Petrojava
2. Kualakurun  onshore Central Kalimantan Petcon Resources
3. Garung onshore and offshore Maluku Mentari Abdi Pertiwi
4. Pulau Moa Selatan offshore Maluku Shell
5. Dolok  onshore and offshore Papua Energi Partner Dolok
6. SE Papua onshore Papua PT Gematrra South East Papua

Editing by Johannes Simbolon

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