18 Contractors Interested in 5 Indonesian Oil and Gas Blocks

Jakarta – The government auctioned five conventional oil and gas working areas (WK) phase I 2019. Since it was opened on February 21, 2019, up to now it has been recorded 22 times from 18 companies from multi national and national.

This shows that Indonesia’s oil and gas (oil and gas) investment climate along with its accompanying policies. Five oil and gas WKs auctioned consist of two oil and gas production blocks and three exploration oil and gas blocks.

“There are already 22 oil and gas blocks which have access from 18 multi-national and national companies, the oil and gas block auction is getting more enthusiastic. Some of the factors that have led to the excitement of oil and gas investments are, among others, gross split schemes, processes that is transparent and fast, as well as business certainty for investors with a clear timeline, “said Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar.

The Ministry of Energy and Mineral Resources auctioned the five stages of 2019 oil and gas working area (WK) regularly using the new fiscal system, gross split. The five WKs offered consisted of two production WKs and three exploration WKs. Two production WKs are offered, namely, the West Kampar Block located on the mainland of Riau and North Sumatra and the Long Strait Block on the mainland of Riau and the second the Long Strait Block is on the mainland Riau.

 

Three exploration blocks are offered, namely, the Anambas Block off the Riau Islands coast, the West Ganal Block off the coast of East Kalimantan and finally, the West Kaimana Block on land and off the coast of West Papua.

 

Access to the five WK bid documents has been accessed from February 25 to April 24, 2019. Meanwhile, the entry of participating documents is not later than April 25, 2019. To access the bid document, the contractors are charged 5,000 US dollars as a form of company seriousness.

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