Indonesia Awards Two Oil and Gas Blocks

Published

Indonesia awarded two oil and gas blocks of six auctioned by the government, deputy energy minister Arcandra Tahar told reporters on Monday.

Indonesia awarded South Jambi B gas block to Hong Kong Jindi Group Ltd and Banyumas exploration block to Indonesia's PT Minarak Brantas Gas.

Italian ENI SpA was the sole bidder for Makassar Strait gas block, but failed to meet terms and conditions, Tahar said. The block was formerly operated by Chevron.

ENI is still "interested" in Makassar Strait block, according to company official David Casini Ropa.

The government will reopen bidding process for the other blocks, but will re-evaluate which block should be auctioned again, officials said.


(Reporting by Bernadette Christina Munthe)

Current News

AF Offshore Secures North Sea Decom Job

AF Offshore Secures North Sea

Island Offshore’s Hybrid OECV Hits Water at Vard Yard in Romania (Video)

Island Offshore’s Hybrid OECV

Jumbo Offshore Wraps Up Errea Wittu FPSO Mooring Pre-Lay in Guyana

Jumbo Offshore Wraps Up Errea

Petronas Takes Operatorship of Oman’s Offshore Block 18

Petronas Takes Operatorship of

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine