The deadline for the auction of 15 oil and gas blocks is approaching.

Energy

Premium

08/09/2017 06:44 WIB

URL has been copied

Memuat...

Oil and Gas Block Auction Bids and Bidders 2009-2017

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “The deadline for the auction of 15 oil and gas blocks is approaching.”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

Oil and Gas Block Auction Bids and Bidders 2009-2017

Download

Source

A Small Font
A Medium Font
A Bigger Font

The bidding deadline for oil and gas (migas) blocks will end in September 2017. Seventeen leading oil and gas companies have accessed the data for the migas blocks to be auctioned. In 2017, the government offered 15 migas blocks, all using the gross split scheme. This comprises 10 conventional and 5 non-conventional migas blocks.

In the two previous years, the national migas block auction attracted no bidders. In 2015, the government offered 8 migas blocks, but received no bids. Similarly, in 2016, the government auctioned 14 migas blocks, but no bidders proceeded to the contract signing stage. Low oil prices and uncertainty surrounding the transition from the cost recovery scheme to the gross split scheme contributed to the lack of interest in the migas block auctions.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."