Oil Field Services: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Indonesia Awards 14 Oil and Gas Blocks

Source: Reuters 5/13/2010, Location: Asia

Share |

Indonesia has awarded 14 oil and gas blocks to firms including Spanish giant Repsol and a consortium of Talisman Energy Inc and Thailand's PTT Exploration and Production PTTE.BK, an official said.

The move is part of Indonesia's efforts to boost investment and oil and gas reserves in future as current production dwindle. Indonesia has turned into a net importer of crude oil in recent years as production has slumped after a failure to tap new fields fast enough. The country has been offering new exploration rights and financial incentives for oil fields in a bid to stem a steady decline in production.

"There are potential of oil and gas reserves in those 14 areas that we have awarded, but we have to wait until they conduct exploration," Edy Hermantoro, the upstream director at the energy ministry, told reporters.

"Indonesia is still attractive to foreign firms as there are many foreign companies who have now won tenders," he added. Following are the names of the oil and gas blocks that have been awarded and the companies:

- Cendrawasih Bay II, offshore Papua, Repsol and Niko Asia
- Cendrawasih Bay III, offshore Papua, Repsol and Black Gold
- Cendrawasih Bay IV, offshore Papua, Repsol and Black Gold
- South Mandar, offshore Makassar Strait, Talisman and PTTEP
- Sadang, offshore Makassar Strait, Talisman and PTTEP
- South Sageri, offshore Makassar Strait, Talisman and PTTEP
- Malunda, offshore Makassar Strait, PTTEP
- Puri, onshore South Sumatra, local firm PT Sargas
- Sakakemang, onshore South Sumatra, local firm Cakra Nusa Darma
- Sunda Strait I, offshore West Java, Komodo Energy and Niko Resources
- North Madura, offshore East Java Sea, Baruna Recovery Energy and Australia's AWE
- Mandala, offshore East Java, local firm Bumi Hasta Mukti and Fortune
- Karapan, offshore East Java, PT Leogryph Indonesia
- Long Hubung, Long Bangun, onshore Kutai, PT Kalisat Energi Nusantara

Oil Field Services News in Indonesia >>

Asia Oil Supply in June 2014
Indonesia >>  7/6/2015 - Other Asia’s oil production is predicted to increase by 40 tb/d in 2015 to average 3.60 mb/d, revised up by 10 tb/d from the previous MOMR. It is expe...
Russia Economy in June 2015
Russia >>  7/5/2015 - The GDP contracted 1.9% y-o-y in 1Q15, better than most expectations. Though details about GDP components have not been released yet, data showed impo...

Other Asia Oil Demand - June 14
  India >>  7/3/2015 - In April, oil consumption in India demonstrated exceptional growth, registering more than 0.3 mb/d of growth for the second time in 2015. Total consum...
Japan Stock Movements in June 2015
Japan >>  7/2/2015 - In Japan, total commercial oil stocks fell by 2.2 mb in April, reversing the stock builds of the last three months, to stand at 143.9 mb, which was 6....

FSU Oil Trade in June 2015
Russia >>  7/1/2015 - In April, total crude oil exports from the former Soviet Union (FSU) dropped by 131 tb/d or 2% to average 6.5 mb/d. Crude exports through Russian pipe...
FSU, other regions Oil Supply - June 2015
Azerbaijan >>  6/30/2015 - Total FSU oil supply is expected to decline by 80 tb/d in 2015 to average 13.35 mb/d, unchanged from the previous month. Oil production in Russia, Kaz...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 |

More News

Oil & Gas Companies in Indonesia >>

Related Links

Countries Quick Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed