2018, Ministry of Energy and Mineral Resources Resources (ESDM) Auctioned 26 Oil and Gas Blocks

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20/02/2018 08:23 WIB

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The Ministry of Energy and Mineral Resources offers 26 Working Areas using a gross split production sharing scheme.

Oil and Gas Block Offer (February 19, 2018)

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Oil and Gas Block Offer (February 19, 2018)

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The Ministry of Energy and Mineral Resources (ESDM) offered 26 oil and gas (migas) Working Areas (WK) in 2018. This oil and gas block auction was the second time using the gross split production sharing contract scheme, in accordance with the provisions of the Minister of ESDM Regulation No. 52 of 2017.

Of that number, 24 were conventional migas WK and 2 were non-conventional migas WK. Of these 24 conventional migas blocks, 5 WK were offered through a direct offering mechanism and 19 WK through a regular auction. Meanwhile, 2 non-conventional migas blocks were offered through a direct offering mechanism. Access to bid documents was given from February 19 to March 27, 2018. The regular auction ran from February 19 to June 7, 2018.

In 2017, the government offered 15 migas WK to investors, consisting of 10 conventional WK and 5 non-conventional WK. Of the 10 conventional WK, only 5 oil and gas blocks were awarded. None of the 5 non-conventional WK were awarded.

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2018, Ministry of Energy and Mineral Resources Resources (ESDM) Auctioned 26 Oil and Gas Blocks

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2018, Ministry of Energy and Mineral Resources Resources (ESDM) Auctioned 26 Oil and Gas Blocks

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