Indonesia Opens Bidding For 15 New Oil, Gas Blocks
(Dow Jones, October 10) – Indonesia's government has opened bidding for 15 oil and gas blocks, a government official said Monday.
According to data from Directorate General for Oil and Gas, Ministry of Energy and Mineral Resources, the bidding consists of nine blocks offered in regular tender and six blocks in the direct proposal tender mechanism.
Those offered in regular tender mechanism are Kuningan Block, Offshore South Java I, II, III, South East Sageri, East Abadi, South West Salawati, West Berau, and Kai block. Applications are expected on February 22, 2012.
Those offered in direct proposal tender mechanism are Kalyani, South Baturaja, North Baturaja, Kuala Pambuang, Tanjung Aru, and South Seram. Applications are expected on November 24, 2011.
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