Indonesia’s Ministry of Energy and Mineral Resources is requesting bids for exploration and development of three oil and gas exploration blocks. The blocks, the first phase of bid rounds for the year, hold estimated resources of 2.5 billion bbl of oil and 9 tcf of gas.
Akia lies off the coast of North Kalimantan with an estimated resource of 2 billion bbl of oil and 9 of tcf gas. It is adjacent to Tarakan, Bunyu, and Nunukan, which have proven hydrocarbon potential, the regulator said in a release Apr. 10.
Beluga lies off the coast of West Natuna with estimated resources of 360 million bbl of oil and 50 bcf of gas. It is close to South Natuna Sea Block B, Duyung, Natuna Sea Block A, Shrimp, and Snapper.
Bengara I is sited in the North Kalimantan Plain with an estimated resource of 90 MMboe. It is close to Simenggaris.
The Government of Indonesia awards oil and gas contract areas through bidding processes conducted twice a year in April and September.
About the Author
Alex Procyk
Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).