Govt to release bid info on 10 new oil, gas blocks next week

After months of delay, the government said Monday that bidding information on the 10 new oil and gas concession areas offered last October would be available from July 6 to September 20, this year.

The Directorate General of Oil and Gas at Ministry of Energy and Mineral Resources said in a statement that interested investors should submit their bidding documents by September 30.

The 10 blocks are the Lhokseumawe block on and offshore Lhokseumawe in Nanggroe Aceh Darussalam (1); the Ujungkulon block on and offshore Ujungkulon in Banten (2); the North East Madura III, IV and V blocks offshore East Java (3, 4, 5); the Rote I and II blocks offshore Rote island in East Nusa Tenggara (6, 7); the Babar block offshore Babar island; the Selaru block offshore Selaru island in Maluku (8, 9); and the Manokwari block on and offshore Berau in Papua (10).

The statement further said that several investors had expressed interest in three of the ten blocks, while 8 companies had bought the data on the speculative survey results of the blocks. It however did not identify the blocks in question. (godang)

FISCAL TERMS APPLIED TO THE 10 OPEN ACREAGE OFFERED 2003-2004

No.	BLOCK	SIZE (SQ KM)	GOVERNMENT TAKE (%)			CONTRACTOR TAKE (%)		INVESTMENT CREDIT (Only For Gas Field Developments)
			AFTER TAX		FIRST TRANCHE PETROLEUM	AFTER TAX
			OIL	GAS		OIL	GAS
1.	LHOKSEUMAWE	5,908.24	75	60	10	25	40	110
2.	UJUNG KULON	3,706.47	75	60	10	25	40	110
3.	N.E. MADURA III	3,791.24	80	65	10	20	35	0
4.	N.E. MADURA IV	3,785.10	75	60	10	25	40	0
5.	N.E. MADURA V	3,785.10	80	65	10	20	35	0
6.	ROTE I	14,135.58	65	60	10	35	40	110
7.	ROTE II	18,572.47	65	60	10	35	40	110
8.	BABAR	17,074.09	65	60	10	35	40	110
9.	SELARU	19,256.42	65	60	10	35	40	110
10.	MANOKWARI	6,504	65	60	10	35	40	110