Update 1: Oil and gas firms to invest $235.8m in Indonesia on new exploration blocks
Wednesday, December 13 2006 - 10:48 AM WIB
Dozens of oil and gas companies which were named on Wednesday as the winners of the tender for oil and gas blocks in Indonesia will invest a total of US$235.788 million in exploration activities in the coming years.
The Ministry of Energy and Mineral Resources announced on Wednesday 18 companies and consortium that won the tender for oil and gas blocks across the country through direct offer system.
The government offered a total of 21 blocks through the direct offer system, which drew a total of 23 bidding documents from 8 consortiums and 15 individual companies.
Of the 23 bidding documents, 18 were considered as meeting requirements to become winners.
The individual companies and consortiums include a number of local companies and several foreign companies such as ConocoPhilips, Stat Oil ASA, Premier Oil, Kupfec.
The ministry said in a press release that the 18 investors are committed to invest a total of $233.788 million in three years of exploration activities, including $25.5 million for geological and geophysical studies, $37.77 million for 3D seismic survey over 1,780 square kilometers, $33.618 million for 2D seismic survey over 9,170 square kilometers and $138.9 million for drilling of 32 exploration wells.
In addition, the government will get a total of $31.45 in signature bonuses from the 18 investors within 30 days after signing their contracts. (Godang)
List of companies and consortiums that win direct offer tender:
| COMMITMENT OF THE WINNERS | ||
| 1. DUYUNG BLOCK : TRANSWORLD EXPLORATION LTD. | ||
| (1 Bidder) | G & G Study | US$1,000,000 |
| 3D Seismic Survey? | 400 Km2? | |
| New Field Wildcat | 1 well | |
| Signature Bonus? | US$ 1,500,000 | |
| 2. PARI BLOCK : INDOREACH EXPLORATION LTD. | ||
| (1 Bidder) | G & G Study | US$ 800,000? |
| 2D Seismic Survey? | 1000 Km | |
| New Field Wildcat | 1 well | |
| Signature Bonus? | US$ 1,000,000 | |
| 3. TONGA BLOCK : PT.MOSESA PETROLEUM ? PT.KENCANA SURYA PERKASA ? PT. PETROSS EXPLORATION | ||
| (1 Bidder) | G & G Study? | US$ 1,350,000? |
| 2D Seismic Survey? | 50 Km? | |
| 3D Seismic Survey? | 38 Km2? | |
| New Field Wildcat | 2 wells | |
| Signature Bonus? | US$ 1,000,000 | |
| 4. BATU GAJAH BLOCK : RANHILL JAMBI INC. | ||
| (2 Bidders)? | G & G Study? | US$ 750,000? |
| 2D Seismic Survey? | 500 Km? | |
| 3D Seismic Survey? | 400 Km2? | |
| New Field Wildcat | 3 wells | |
| Signature Bonus? | US$ 4,000,000 | |
| 5. LEMANG BLOCK : PT. HEXINDO GEMILANG JAYA ? PT. INDELBERG | ||
| (2 Bidders)? | G & G Study? | US$ 1,300,000? |
| 2D Seismic Survey | 500 Km | |
| 3D Seismic Survey? | 500 Km2? | |
| New Field Wildcat | 4 wells | |
| Signature Bonus? | US$ 5,000,000 | |
| 6. BATANGHARI BLOCK : PT. GREGORI GAS PERKASA - CNOOC | ||
| (2 Bidder)? | G & G Study | US$ 450,000? |
| 2D Seismic Survey? | 220 Km | |
| Seismic Repro | 500 Km | |
| New Field Wildcat | 2 wells | |
| Signature Bonus? | US$ 1,250,000 | |
| 7. KARANG AGUNG BLOCK : PT. ODIRA ENERGY PERSADA? | ||
| (1 Bidder)? | G & G Study | US$ 800,000? |
| 2D Seismic Survey? | 250 Km? | |
| New Field Wildcat | 2 wells | |
| Signature Bonus? | US$ 1,000,000 | |
| 8. SEKAYU BLOCK : STAR ENERGY HOLDINGS Pte. Ltd. | ||
| (1 Bidder) | G & G Study | US$ 850,000? |
| 2D Seismic Survey? | 200 Km? | |
| New Field Wildcat | 1 well | |
| Signature Bonus? | US$ 1,000,000 | |
| 9. ALAS JATI BLOCK : PT. INSANI BINA PERKASA | ||
| (1 Bidder)? | G & G Study | US$ 500,000? |
| 2D Seismic Survey? | 410 Km | |
| New Field Wildcat | 2 well | |
| Signature Bonus? | US$ 1,000,000 | |
| 10. SIBARU BLOCK : MITRA ENERGY LIMITED ? PEARL OIL? | ||
| 1 Bidder) | G & G Study | US$ 600,000 |
| 2D Seismic Survey? | 1000 Km | |
| New Field Wildcat | 1 well | |
| Signature Bonus? | US$ 1,000,000 | |
| 11. NORTH KANGEAN BLOCK : PETROJAVA INTERNATIONAL INC.? | ||
| (1 Bidder) | G & G Study | US$ 6,000,000? |
| 2D Seismic Survey? | 145 Km? | |
| 3D Seismic Survey? | 200 Km2 | |
| New Field Wildcat | 1 well | |
| Signature Bonus? | US$ 1,000,000 | |
| 12. WEST SANGATA BLOCK : PT. KALIMANTAN KUTAI ENERGI | ||
| (1 Bidder) | G & G Study | US$ 550,000? |
| 2D Seismic Survey? | 200 Km? | |
| New Field Wildcat | 1 well | |
| Signature Bonus? | US$ 1,500,000 | |
| 13. KUTAIBLOCK : PT. EPHINDO ? SERICA ENERGY | ||
| (1 Bidder) | G & G Study | US$ 3,500,000? |
| 2D Seismic Survey? | 1030 Km | |
| 3D Seismic Survey? | 150 Km2? | |
| New Field Wildcat | 4 wells | |
| Signature Bonus? | US$ 1,200,000 | |
| 14. WAIN BLOCK : PT. PANDAWA PRIMA LESTARI | ||
| (1 Bidder) | G & G Study | US$ 750,000? |
| 2D Seismic Survey? | 100 Km | |
| Seismic Repro | 400 Km | |
| 3D Seismic Survey? | 20 Km2? | |
| New Field Wildcat | 2 wells | |
| Signature Bonus? | US$ 1,000,000 | |
| 15. KUMA BLOCK : CONOCOPHILLIPS ? STATOIL ASA? | ||
| (1 Bidder) | G & G Study | US$ 1,500,000? |
| 2D Seismic Survey? | 1000 Km | |
| New Field Wildcat | 1 well | |
| Signature Bonus? | US$ 5,000,000 | |
| 16. KARANA BLOCK : PEARL OIL | ||
| (1 Bidder) | G & G Study | US$ 2,000,000? |
| 2D Seismic Survey? | 2000 Km? | |
| New Field Wildcat | 1 well | |
| Signature Bonus? | US$ 1,500,000 | |