Indonesia Awards 11 New Oil, Gas Blocks To Investors
JAKARTA (Dow Jones) - Indonesia Wednesday issued 11 new oil and gas blocks to investors in order to increase its bid declining oil and gas output.
The Energy and Mineral Resources Ministry said that the South Sesulu block Hess (Indonesia Sesulu South), in Block Kumawa a consortium comprising Marathon Indonesia New Venture Ltd., Indonesia Kumawa Komodo Energy Ltd. and Energy LLC.
In the meantime, Cendrawasih block is a joint venture between Esso Exploration International Ltd. and Biaka Petroleum LLC.
Among the other successful bidders were Australia Worldwide Exploration Ltd. (AWE.AU), which won Terumbu block, and a joint venture between Niko Resources (NKO.T) and LLC Biaka crude oil, which got Kofiau block.
West Belida block was awarded to a consortium consisting Orchard Energy PTE SA and PT Bayu Energy Lestari, the Ministry said.
The blocks were among the 15 offered by the direct investors bidding. Only 11 blocks attracted bidders, said the Ministry of
The Energy and Mineral Resources Ministry said that the South Sesulu block Hess (Indonesia Sesulu South), in Block Kumawa a consortium comprising Marathon Indonesia New Venture Ltd., Indonesia Kumawa Komodo Energy Ltd. and Energy LLC.
In the meantime, Cendrawasih block is a joint venture between Esso Exploration International Ltd. and Biaka Petroleum LLC.
Among the other successful bidders were Australia Worldwide Exploration Ltd. (AWE.AU), which won Terumbu block, and a joint venture between Niko Resources (NKO.T) and LLC Biaka crude oil, which got Kofiau block.
West Belida block was awarded to a consortium consisting Orchard Energy PTE SA and PT Bayu Energy Lestari, the Ministry said.
The blocks were among the 15 offered by the direct investors bidding. Only 11 blocks attracted bidders, said the Ministry of
