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    Indonesia awards Central Andaman, Amanah, Melati oil and gas blocks

Summary

Indonesia awarded three oil and gas blocks on Tuesday out of five blocks offered in the first round of auctions this year, the energy ministry said in a statement.

by: Reuters

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, Exploration & Production, News By Country, Indonesia

Indonesia awards Central Andaman, Amanah, Melati oil and gas blocks

 - Indonesia awarded three oil and gas blocks on Tuesday out of five blocks offered in the first round of auctions this year, the energy ministry said in a statement.

The Melati block, which has both onshore and offshore fields with an estimated gas resource of 4.7 trillion cubic feet and 850 million barrels (bbl) of oil, was awarded to a consortium of state-owned Pertamina Hulu Energi, China's Sinopec International Energy Investment and Kuwait's KUFPEC Regional Ventures.

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Representatives of Pertamina Hulu Energi, Sinopec and KUFPEC did not immediately respond to requests for comment.

The government also awarded the Central Andaman block, located offshore northern Sumatra, to a consortium of private equity-owned Harbour Energy's Premier Oil South Andaman and Mubadala Energy of the United Arab Emirates.

The Central Andaman exploration block has estimated resources of 100 million bbl of oil and 500 billion cubic feet (bcf) gas, the ministry has previously said.

Amanah Block, with 50 million bbl of oil and 450 bcf of gas onshore South Sumatra, was awarded to a consortium consisting of a unit of Indonesia's Medco Energi Internasional, Sele Raya and KUFPEC Regional Ventures.

The selection process for the two remaining blocks offered in the auction, Panai and Pesut Mahakam, is ongoing, the ministry added.

For a second round of oil and gas auctions later this year, the government will potentially offer the Air Komering, Binaiya, Gaea, Kojo and Serpang blocks, the ministry said.

 

 

(Reporting by Fransiska Nangoy, Bernadette Christina Munthe; Editing by Sonali Paul)