Indonesia To Offer 10 Oil, Gas Blocks This Year

14 Jan 2019

Energy and Mineral Resources Ministry Oil and Gas Director General Djoko Siswanto has said the ministry plans to offer 10 oil and gas blocks in two auction phases.

Speaking at the weekend Djoko said that first auction phase will involve the Anambas, West Ganal and West Kaimana blocks as well as two exploitation blocks — West Kampar and Selat Panjang and the auction process would be opened before the end of this month.

“It [the first auction] will kick off this month. We have just finished the terms and conditions,” he said.

West Ganal Block is actually a cut-off field from US-based energy giant Chevron’s Makassar Strait Block, which has been excluded from the Indonesia Deepwater Development (IDD) mega gas project.

In 2018, the ministry signed off nine exploration blocks through auction schemes, three of which were agreed in December. The three are the South Andaman offshore block in Aceh, South Saka Kemang onshore block in South Sumatra and Maratua onshore block in Central Java. (bbn)