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Indonesia energy ministry tenders out 6 oil and gas blocks  

JAKARTA (RambuEnergy.com) – The Indonesian Ministry for Energy and Mineral Resources (MEMR) is tendering out 3 exploration blocks and 3 production oil and gas blocks or working areas (WA).

“The government is offering oil and gas working areas, consisting of 3 exploration WA and 3 production WA,” said Director General for Oil and Gas Djoko Siswanto.

The three exploration blocks are Banyumas, Andika Bumi Kita and South East Mahakam blocks.

The production blocks are Makassar Strait, South Jambi B and Selat Panjang blocks. The government expects to get signature bonus of US$5 million from the tender of the blocks.

Siswanto said Banyumas has gas, oil and condensate potentials of 45 million barrels of oil equivalent (boepd), while Andika 250 million boepd and Southeast Mahakam 50 boepd.

Followings are the highlights of the blocks:

1. Banyumas Block

– Total area : 3,611.98 sqm

– Location: Central Java and West Java

– Signature bonus : minimum USD500,000

2. Andika Bumi Kita Block

– Total area : 8,340 sqm

– Location : Offshore East Java

– Minimum signature : USD500,000

– Water depth: 200 meters

3. Southeast Mahakam

– Total area : 1,525.89 sqm

– Location :  Offshore East Kalimantan

– Water depth: 100 meters

– Minimum signature bonus : USD500,000

4. Makassar Strait block

– Total area: 1,555 sqm

– Location: Offshore Makassar Strait

5. South Jambi B block

– Total area: 1,539.30 sqm

– Location: Jambi

6. Selat Panjang Block

– Total area: 1,316.6 sqm

– Location: Offshore Riau

– Minimum signature bonus: USD5 million

Timeline for production blocks:

– Submission of documents: Aug. 14- Sept 20, 2018

– Document checking : Sept. 21-28

– Final phase : Oct. 12, 2018

Timeline for exploration blocks:

– Submission of document: Aug. 14-Dec. 10, 2018

– Document checking/qualification: Aug. 16-Nov. 29

– Final phase : Dec. 10, 2018

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