Ministry of Energy and Mineral Resources Announces Winners of Oil and Gas Block auction
By : Hariyanto And Aldo Bella Putra | Thursday, February 01 2018 - 18:00 IWST
INDUSTRY.co.id - Jakarta- The Ministry of Energy and Mineral Resources (ESDM) announces the winners of the auction of Conventional Oil and Gas Working Areas by using a scheme of profit sharing contract for Gross Split, the result of Phase I auction in 2017.
Oil and Gas Working Area (WK) is the first auction using Gross Split scheme. Number of WK offered is 10 (ten) WK, consist of 7 WK through Direct Offer and 3 WK through Regular Auction, based on data collected in Jakarta, Wednesday (31/1/2018)
The WK auction has been started since the end of May 2017 and extended 4 times due to pending the approval of Gross Split Government Tax Regulation (PP).
Up to the deadline for submission of Participation Document dated December 29, 2017, there are 7 Document of Participation for 5 WK which further conducted Opening and Inspection and Final Assessment by the Bidding Team to give the winner a recommendation.
For the winners of direct offer auction, Mubadala Petroleum (SE Asia) Ltd. (Andaman I), consortium of Premier Oil Far East Ltd-KrissEnergy (Andaman II) BV-Mubadala Petroleum (Andaman II JSA) Ltd., PT Tansri Madjid Energy (Merak-Lampung), PT Saka Sepinggan Energy (Pekawai da West Yamdena).
As for regular auctions on Kasuri III, Tongkol, East Tanimbar and Memberamo no winners. Then 5 other unconventional Conventional WKs become Available Work Areas and will be offered back in the next WK Migas supply period.
The fixed commitment investment of these 5 Conventional WKs amounted to 23,575,000 US dollars and a total signature bonus of 3,250,000 US dollars. (Ant)
Read Also
The 7th Abu Dhabi Dialogue in Dubai: Commitment to Enhance Migrant…
Pertamina Hulu Rokan expounds on wetland innovations at COP28
Pertamina reaffirms its commitment to net zero emissions by 2060
President Jokowi Inaugurates Tangguh Train 3 Project in Teluk Bintuni…
MMA Offshore Automates Onboarding With Boomi
Today's Industry

Rabu, 21 Mei 2025 - 10:09 WIB
Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration
As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

Rabu, 21 Mei 2025 - 10:06 WIB
Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability
resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

Selasa, 20 Mei 2025 - 12:44 WIB
Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)
In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…
News Comment