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Indonesia opens 24 oil, gas blocks for bidding

07/27/2009
The Indonesian government, seeking international investment to boost the country’s falling output of oil, has released 24 new oil and gas blocks for exploration and production contracts.Evita Legowo, director general at Indonesia’s energy ministry, said 17 of the blocks will be offered through tenders, while the remaining 7 blocks will be offered directly. Proposals for direct appointments will be accepted until July 30 and tender bids may be submitted until Oct. 13.The 17 blocks offered under regular tender are: Tomini Bay I-V; Gorontalo Tomini I-II; North Bone; Kolaka Lasusua; Kabena; Jampea; Buton III; Menui Asera; Morowali; Sula I-II, and Bird’s Head. The 7 blocks of...
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