ID :
58296
Thu, 04/30/2009 - 08:55
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https://www.oananews.org//node/58296
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INVESTMENT IN OIL, GAS TO INCREASE BY US$189 MILLION
Jakarta, April 29 (ANTARA) - Investment in the oil and gas sector in Indonesia will increase by US$189 million after the signing of work contracts on 11 oil and gas blocks on May 5.
The director general of oil and gas of the ministry of energy and mineral resources, Evita Legowo, said here on Wednesday the government would also receive directly US$21.65 million in contract signing bonuses on the projects.
"The amount of fixed exploration committments from the winning bidders for the 11 blocks reach US$189.1 million and the signing bonuses US$21.65 million," she said.
She said the US$189.1 million investment commitment would be made for exploration activities for the first three years consisting of geological and geophysical studies worth US$12.9 million, drilling of 11 exploration wells worth US$133.45 million, two-dimension seismic survey on a 5,892 square kilometer area US$25.232 million and three-dimesion seismic survey on a 1,750 square kilometer area US$17.5 million.
The winning bidders for the 11 oil and gas blocks which are part of 15 blocks offered directly on the second round in 2008 are PT Realto Energi Nusantara and PT Prosys Oil $ Gas International consortium (South Block A), PT Nana Yamano Technik (Block East Pamai), Orchard Energy Pte Ltd and PT Bayu Enegi Lestari consortium (Block West Belida), Australian Worldwide Exploration Lts (Block Terumbu) and PT Bama Bumi Sentosa and PT Toba Sejahtera consortium (Block South East Madura).
Others include PT Archipelago Resources (Block Pasir), Hess (Indonesia South Sesulu) Ltd (Block South Sesulu), Niko Resources (overseas IX) Ltd and Biak Petroleum LLC consortium (Block Kofiau), Komod Energy LLC, Marathon Indonesia Ventures Ltd and Indonesia Kumawa Energy Ltd consortium (Block Kumawa), Esso Exploration Interantional Ltd and Biak Petroleum LLC consortium (Block Cenderawasih) and Sarmi Papua Asia Oil Ltd (Block Northern Papua).
Four blocks that are not yet won during the second round of bidding in 2008 are Block Penyu, Sokang, Senami Bahar and Sermata.
The director general of oil and gas of the ministry of energy and mineral resources, Evita Legowo, said here on Wednesday the government would also receive directly US$21.65 million in contract signing bonuses on the projects.
"The amount of fixed exploration committments from the winning bidders for the 11 blocks reach US$189.1 million and the signing bonuses US$21.65 million," she said.
She said the US$189.1 million investment commitment would be made for exploration activities for the first three years consisting of geological and geophysical studies worth US$12.9 million, drilling of 11 exploration wells worth US$133.45 million, two-dimension seismic survey on a 5,892 square kilometer area US$25.232 million and three-dimesion seismic survey on a 1,750 square kilometer area US$17.5 million.
The winning bidders for the 11 oil and gas blocks which are part of 15 blocks offered directly on the second round in 2008 are PT Realto Energi Nusantara and PT Prosys Oil $ Gas International consortium (South Block A), PT Nana Yamano Technik (Block East Pamai), Orchard Energy Pte Ltd and PT Bayu Enegi Lestari consortium (Block West Belida), Australian Worldwide Exploration Lts (Block Terumbu) and PT Bama Bumi Sentosa and PT Toba Sejahtera consortium (Block South East Madura).
Others include PT Archipelago Resources (Block Pasir), Hess (Indonesia South Sesulu) Ltd (Block South Sesulu), Niko Resources (overseas IX) Ltd and Biak Petroleum LLC consortium (Block Kofiau), Komod Energy LLC, Marathon Indonesia Ventures Ltd and Indonesia Kumawa Energy Ltd consortium (Block Kumawa), Esso Exploration Interantional Ltd and Biak Petroleum LLC consortium (Block Cenderawasih) and Sarmi Papua Asia Oil Ltd (Block Northern Papua).
Four blocks that are not yet won during the second round of bidding in 2008 are Block Penyu, Sokang, Senami Bahar and Sermata.
