“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Wednesday, February 03, 2010

BP Eyes Indonesian Papua Exploration

The New York Times

By REUTERS, February 3, 2010, 1:05 a.m. ET

JAKARTA (Reuters) - BP is eying a new oil and gas exploration area in Indonesia's West Papua province near Tangguh to boost reserves, an official at the Indonesia energy ministry said on Wednesday.

"BP has an intention to explore oil and gas in a new area in Western Papua and it has submitted its request. We welcome their intention and we are now studying their proposal," Edy Hermantoro, a director at the ministry, told Reuters.

An official of BP's Indonesia unit confirmed the company intended to expand its area in West Papua but gave no further details.

BP Indonesia is the operator of the Wiriagar, Muturi and Berau blocks in West Papua, which together have combined reserves of 14.4 trillion cubic feet (tcf) of gas.

Another Indonesian energy ministry official, who declined to be identified, said proven plus probable and possible reserves in West Papua's Tangguh were estimated at around 23 trillion cubic feet of gas.

In December last year, Indonesia offered a new tender for 24 oil and gas blocks as part of efforts to boost investment and lift dwindling production.

The areas include blocks in West Berau, offshore of Bintuni, West Papua. This area is near to BP Indonesia's current operation.

In Indonesia's most recent tender, which was for 31 oil and gas blocks, six blocks were awarded to foreign and local companies including Canadian oil firm Talisman Energy Inc and Canadian Niko Resources . The remaining blocks received no expressions of interest from investors.

Indonesia has said it will offer new incentives to oil and gas investors, including more favourable tax treatment and production splits, in order to encourage exploration and stem a steady decline in production. But industry players have said the incentives are not enough.

Indonesia's proven and potential oil reserves have dropped to 8.3 billion barrels, from 9.6 billion barrels in 2001.

(Reporting by Muklis Ali; Editing by Neil Chatterjee)

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