Indonesia Awards Oil, Gas Blocks To New Zealand Oil & Gas, Total SA, Statoil
26 May 2012 - 5:29PM
Dow Jones News
Indonesia has picked the winners for 13 out of 25 oil and gas
blocks it opened for bidding earlier this year.
The Ministry of Energy & Mineral Resources said Saturday
among the successful bidders is a consortium consisting of New
Zealand Oil & Gas Ltd. (NZO.NZ), Bukit Energy Asia Pte. and
Surya Buana Lestari, which won the bid for the onshore Bohorok
block in North Sumatra.
France's Total SA (FP.FR TOT) was named the winner for the
offshore Bengkulu-I Mentawai block in Sumatra, and offshore Telen
block in the Makassar Strait, the ministry said.
Meanwhile, the consortium formed by Norway's Statoil ASA
(STL.OS, STO) and Japan's Niko Resources Ltd. (NKO.T, NKRSF) won
the offshore Aru block, it said.
The ministry added that it failed to attract bidders for 10
blocks, and is still evaluating the bids for one block. However, it
didn't provide any details.
The government has been actively offering new blocks to boost
production. While its gas production is increasing, its crude-oil
output has been declining steadily to the lowest levels in 30 years
as most the fields are maturing.
Indonesia didn't renew its membership in the Organization of the
Petroleum Exporting Countries in 2009 after becoming a net oil
importer in early 2000s.
-By I Made Sentana, Dow Jones Newswires; 62 21 39831276:
I-made.sentana@dowjones.com
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