JAKARTA (RambuEnergy.com) – Minister for Energy and Mineral Resources Ignasius Jonan on Wednesday (May 2) announced four winners of the conventional oil and gas auctions for 2018, out of five working areas (WA) that were offered through direct offer mechanism to investors on Feb. 19, 2018.
The announcement coincides with the opening of the 42nd Indonesian Petroleum Association (IPA) convention in Jakarta.
Minister Jonan said the production sharing contracts of the working areas will be based on gross-split scheme, instead of cost-recovery based PSC.
In 2018, the energy ministry has offered 24 conventional oil and gas working areas, comprising of 5 working areas offered through direct offer mechanism and 19 WAs were offered through regular tender.
As for the winners oft he regular-tender scheme will be announced on June 19, 2018, he said.
The four working areas are as follows:
|No||Working Area||Tender Participants||Winner||Commitment||Signature Bonus (USD)|
|Activity Plan||Total Value USD|
|1.||Citarum||Consortium PT Cogen Nusantara Energi – PT Green World Nusantara||Consortium PT Cogen Nusantara Energi – PT Green World Nusantara||· G & G (1)
· Seismic 2D 300 Km
|2.||East Ganal||1. Consortium AGRA IV – EnQuest Global Ltd.
2. ENI Indonesia Ltd.
|ENI Indonesia Ltd.||· G & G (2)
· 1 Exploration well
|3.||East Seram||Lion Energy Limited||Lion Energy Limited||· G & G (3)
· Seismic 2D 500 km
|4.||Southeast Jambi||Consortium Talisman West Bengara B.V – MOECO South Sumatra Co., Ltd.||Consortium of Talisman West Bengara B.V – MOECOSouth Sumatra Co., Ltd.||· G & G (3)
· Seismic 2D 300 Km
The total investment commitment of the four WAs reached US$44.65 million, with total signature bonus handed over to the government amounting to US$3.25 million.
One WA, namely East Papua, failed to gain interest from investors, the energy ministry said.
As for oil and gas working areas offered in 2017, 5 winners have been announced, based on gross split scheme and 2 of them have signed the contract on April 5, 2018.
Written by Roffie Kurniawan, email: email@example.com