03 May 2018, News Wires – Indonesia’s energy ministry announced on Wednesday four winning bids in its 2018 oil and gas block tender that opened in February, including Lion Energy and units of ENI and Repsol.
The ministry awarded winners for four of the five blocks tendered as direct offers, while 19 other blocks are on offer in the regular tender which closes on June 19, it said in a statement.
The table below shows the results of the tender. Work Area Winner 1 Citarum PT. Cogen Nusantara Energi & PT. Green World Nusantara 2 East Ganal ENI Indonesia Ltd 3 East Seram Lion Energy Limited 4 Southeast Jambi Talisman West Bengara B.V & MOECO South Sumatra Co., Ltd. 5 East Papua^ No bid
The East Papua work area will be re-tendered in a subsequent bidding round, the ministry said. Direct offer tenders are preceded by a joint study process, in which oil and gas companies and the government work together to develop seismic data for certain blocks.
Companies involved in the study gain rights to match bids once the blocks are offered in the tender, discouraging other participants.