Gulf Oil and Gas accountACCOUNT

Indonesian Oil, Gas Blocks Attract Bids in 2017

Source: Reuters 12/29/2017, Location: Asia

Share |
Indonesia received bids from several foreign companies for exploration in five oil and gas blocks in 2017, the deputy energy minister said, marking an uptick in interest for the resource-rich nation compared with previous years.

At least four companies, including Mubadala Petroleum, Repsol SA and KrisEnergy, put in bids for five of the 10 conventional blocks offered, deputy energy minister Arcandra Tahar said in a news conference.

Local companies had also expressed an interest in the blocks, he said.

Some 22 oil and gas blocks were offered between 2015 and 2016 but no companies bid for them. These would be offered again in January 2018, Tahar said.

The government also received no bids in 2017 for five non-conventional blocks that were offered.

Winners of the five blocks that were bid on are due to be announced in late February 2018. The blocks will be developed under contracts that have a new way of splitting up production revenues between the government and the concession winners.

The contracts will be signed in March 2018.

Exploration News in Indonesia >>

Egypt >>  7/18/2018 - United States oil and gas producer Apache Corporation signed a $9 billion deal with Egypt's Ministry of Petroleum to explore and produce oil and gas i...
United Kingdom >>  7/16/2018 - Andalas Energy and Power Plc, the AIM listed upstream oil and gas and energy company has provided an update following the completion of its acquisitio...

Indonesia >>  7/12/2018 - Premier Oil has provided an update on recent operational activities and guidance in respect of its half year financials to 30 June 2018. ...
United States >>  7/12/2018 - In support of President Donald J. Trump's America-First Offshore Energy Strategy, Deputy Secretary of the Interior David Bernhardt announced that the ...

Ireland >>  7/11/2018 - Providence Resources P.l.c., the Irish based Oil & Gas Exploration Company, provides an update on Frontier Exploration Licence (“FEL”) 6/14 that conta...
Niger >>  7/11/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce...

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 | 7 | 8 | 9 |

Oil & Gas Projects in Indonesia >>

More News

 

Oil & Gas Companies in Indonesia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.