Update 1: Indonesia offers 41 oil and gas blocks to investors
Tuesday, August 15 2006 - 02:44 AM WIB
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 (Natuna), Tonga (onshore North Sumatra), Lemang, Batugajah, Batanghari (onshore South Sumatra), Karang Agung, Sekayu (onshore Bengkulu), Alasjati, Gunting, Situbondo, North Kangean (ohshore East Java), Sibaru (onshore East Java), West Sangatta, Kutai, Mahakam Hilir (onshore East Kalimantan), Wain, Kuma (South Sulawesi), Budong-Budong (South Sulawesi), Karana (Makassar Straits), On/off shore Buton (Southeast Sulawesi).
The 12 new acreages are Cucut, Tuna, Dolphin (offshore Natuna), West Air Komering, Karama (Makassar Straits), Malunda (Makassar Straits), Mandar (Makassar Straits), Sadang, S.Mandar, Sageri, South Sageri (Makassar Straits), South East Mahakam
The 8 "available blocks" are Cakalang, Kerapu, Baronang, Tigau, Mentana, Enrekang, Lampung 1, Ujung Kulon.(Godang)
