Indonesia offers 41 oil and gas blocks to investors

The Indonesian government announced on Tuesday the auction of 41 new oil and gas blocks to investors.

Minister of Energy and Mineral Resources Purnomo Yusgiantoro said the 41 blocks include 21 blocks that investors could acquire through ?direct offer? mechanism, 20 blocks that investors could acquire through regular tender mechanism.

Of the 20 blocks offered through regular tender mechanism, 12 are new acreages and the remaining 8, termed as ?available blocks?, are among the blocks that failed to attract investors in the previous auction.

The 21 blocks through direct offer mechanism are Duyung, Pari, Tonga , Lemang , Batugajah, Batanghari , Karang Agung , Sekayu, Alasjati, Gunting, Situbondo, North Kangean, Sibaru, West Sangatta, Kutai, Mahakam Hilir, Wain, Kuma, Budong-Budong, Karana, On/off shore Buton.

The 12 new acreages are Cucut, Tuna, Dolphin, West Air Komering, Karama, Malunda, Mandar, Sadang, S.Mandar, Sageri, South Sageri, South East Mahakam

The 8 available blocks are Cakalang, Kerapu, Baronang, Tigau, Mentana, Enrekang, Lampung 1, Ujung Kulon.(Godang)