Indonesia govt to sign oil, gas contracts with four companies

Antara News, Wednesday, November 24, 2010 23:58 WIB

Jakarta (ANTARA News) - The government will sign contracts with companies for the operation of four oil and gas blocks on Friday, an Energy and Mineral Resources Ministry official said.

The four blocks were part of concession put to the first round of tender held this year, the ministry`s director general of oil and gas Evita Legowo said here on Wednesday.

The government announced the winners of the oil and gas blocks last Thursday (Nov 18), she said.

The four are PT Ephindo Oil and Gas Holding Inc which will manage the North Sokang block off the eastern coast of Natuna, Riau Islands, a consortium of Awe Limited-PT Baruna Recovery Energy and PT Sillo Maritime Perdana for the Titan block off the northern coast of Pati, Central Java.

The others are Mitra Energy Limited for the Bone block off the Bone coast, South Sulawesi, and BP Exploration Indonesia Limited for the North Arafura block in Akimeugah, Papua.

In the first round of tender held 2010 the government offered six blocks through a direct tender.

However, none of bidders for the other two blocks were named winners due to a lack of data. The two blocks are East Baronang block off the eastern coast of Natuna, Riau Islands, and Onin block off the Bintuni-Misool coast, Papua.