Two blocks awarded in Indonesian round

Kufpec Regional Ventures (Indonesia) Ltd. and a combine of Sonoro Energy Ltd. and PT Menara Global Energy won production-sharing contracts for two of five blocks offered in a licensing round opened by the government early this year, the Jakarta Post reported.

May 9th, 2019

Kufpec Regional Ventures (Indonesia) Ltd. and a combine of Sonoro Energy Ltd. and PT Menara Global Energy won production-sharing contracts for two of five blocks offered in a licensing round opened by the government early this year, the Jakarta Post reported.

Kufpec, a unit of Kuwait Foreign Petroleum Exploration Co., won the offshore Anambas exploration block in West Natuna.

Sonoro, Calgary, and Menara won the Selat Panjang development block in Riau Province about 925 km from Jakarta.

Officials said bidders on the three blocks not awarded had not met auction requirements.

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