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    Home » Indonesia offers four new oil and gas blocks after roadshow – deputy minister

    Indonesia offers four new oil and gas blocks after roadshow – deputy minister

    July 27, 2019
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    News wire — Indonesia’s energy ministry offered four new oil and gas blocks including Cendrawasih VIII block off Papua shore which is estimated to have 3.8 trillion cubic feet of gas and 1 billion barrels of oil resources, deputy energy minister Arcandra Tahar told reporters on Friday

    * The four blocks were offered after meetings with potential investors to determine the most attractive oil and gas assets for the companies, Tahar said

    * “The government is trying to be more proactive to bring in investment so that these oil and gas blocks can attract investors,” he said

    * The government also offered East Gebang block offshore North Sumatra which has estimated resources of 1.3 trillion cubic feet of gas

    * Belayan I block with 2.5 billion barrels of oil estimated resources and West Tanjung I block with 150 million barrels resources were also among the offerings

    • Reuters

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