Indonesia offers 14 blocks to investors with new scheme

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Photo by The Energy & Resources Ministry

JAKARTA (TheInsiderStories) – Indonesia government offered 14 oil and gas blocks–mostly located in eastern Indonesia–to investors with a new scheme, I Gusti Nyoman Wiratmaja, the Energy Ministry’s director general of oil and gas said on July 18.

In the new concept, the government is offering investors to manage the working areas using an open bid split scheme based on contractors’ proposals. Investors may bid for the signature bonus and split the revenue share.
For non-conventional work areas, contractors can also get a sliding scale scheme, whereas the amount is calculated based on daily production. The auction winner will be determined based on the best offers of the exploration commitment, signature bonuses and deals for sharing according to the economic level (owner estimate) that are listed in the terms and conditions set by the government.

“The contract based on a cooperation contract or contracts for the results. This scheme is intended to stimulate investment in upstream oil and gas fields and to optimize the benefits for the country,” He said.

The work areas offered through regular tender are South CPP, Suramana I, South East Mandar, and North Arguni. The ministry is also offering direct exploration in the West Hill Block, Batu Gajah Dua Block, Kasongan Sampit Block, as well as Ampuh, Ebuny, Onin, and West Kaimana blocks.

The ministry is also preparing six new working areas for the second phase auctions. He added, government is also offering non-conventional work areas such as the coal bed methane concessions Bungamas and Raja, as well as the Batu Ampar shale gas area.

 

 
Seven work areas are being offered directly to companies and the rest is offered through open biddings. Investors can access the bidding documents starting July 18 until August 22, 2016. While, the regular auction is open starting July 18 until October 28, 2016.
LIST OF WORKING AREAS TO OFFERS : 
 
NO
WORKING AREAS
LOCATION
INFORMATION
1.
Bukit Barat
Offshore Riau Islan
Direct Tender
2.
Batu Gajah Dua
Onshore Jambi
Direct Tender
3.
Kasongan Sampit
Onshore Central Kalimantan
Direct Tender
4.
Ampuh
Offshore Java Sea
Direct Tender
5.
Ebuny
Offshore Southeast Sulawesi
Direct Tender
6.
Onin
Onshore-Offshore West Papua
Direct Tender
7.
West Kaimana
Onshore-Offshore West Papua
Direct Tender
8.
South CPP
Onshore Riau Island
Regular Tender
9.
Suremana I
Offshore Makassar Strait
Regular Tender
10.
SE Mandar
Offshore South & West Sulawesi 
Regular Tender
11.
North Arguni
Onshore West Papua
Regular Tender
12.
Kasuri II
Onshore West Papua
Regular Tender
13.
Manakarra Mamuju
Offshore Makassar Strait
Regular Tender
14.
Oti
Offshore East Kalimantan
Regular Tender
 
 

 

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Source: The Insiderstories
Indonesia offers 14 blocks to investors with new scheme

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