Indonesia to offer 41 oil, gas contractsadmin
Thursday, August 17th 2006
Indonesia plans to invite foreign and domestic investors to exploit 41 onshore and offshore oil and gas blocks under production-sharing schemes to help boost the country’s dwindling oil production, Xinhuanet reported.
The director general of oil and gas of the Energy and Mineral Resources Ministry said that the country will award contracts for 20 of the blocks through tenders and the other 21 on the basis of direct offers.
The official said that blocks being put out to tender, of which eight failed to attract bids during previous rounds, are located in the Natuna area, South Sumatra, East Kalimantan, West Sulawesi, Lampung and West Java, he said.
The official also said that firms interested in any of the blocks should submit their bids and proposals to his office starting August 28.