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

ABS: Demand for Floating Offshore Wind Vessels is Rising

ABS: Demand for Floating Offsh

Apollo Global to Invest $1.5b in Singapore Oil Rig Fund

Apollo Global to Invest $1.5b

Baker Hughes Secures Venture Global’s LNG Liquefaction Tech Order

Baker Hughes Secures Venture G

Seatrium Expands European Offshore Wind Hub

Seatrium Expands European Offs

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine