Indonesia Awards Two Oil and Gas Blocks

October 22, 2018

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

Big Data, Security & Remote Ops

Big Data, Security & Remote Ops

Transborders Joins Forces with Osaka Gas

Transborders Joins Forces with Osaka Gas

BP Awards Caspian ACG Contracts

BP Awards Caspian ACG Contracts

Senvion to Sell Assets to Siemens Gamesa

Senvion to Sell Assets to Siemens Gamesa

ABS, Keppel to Build Smart Rigs

ABS, Keppel to Build Smart Rigs

SGRE Confirms Taiwan Offshore Wind Factory

SGRE Confirms Taiwan Offshore Wind Factory

Ashtead Supports Subsea Template Installs

Ashtead Supports Subsea Template Installs

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week