Indonesia has reopened its oil and gas bid round that was postponed in 2020 due to the world crude oil price fluctuation and the Covid-19 pandemic.
Indonesia has reopened its oil and gas bid round that was postponed in 2020 due to the world crude oil price fluctuation and the Covid-19 pandemic. The government has improved the terms and conditions such as contractor’s profit split.
Six blocks on offer comprise four working areas using a direct proposal tender mechanism and two working areas using a regular tender mechanism.
The areas using a direct proposal tender are the onshore South CCP block in Riau, where the work commitment includes 500 km of 2D seismic data and 50 km2 of 3D seismic data; the onshore Sumbagsel block in South Sumatra where the work commitment includes G&G studies; the onshore Rangkas block in Banten and West Java where the work commitment includes G&G studies and 300 km of 2D seismic data; acquisition and the onshore and offshore Liman block in East Java where the work commitment includes G&G studies and 400 km of 2D seismic data acquisition.
The areas using a regular tender are the onshore Marangin III block in South Sumatra and Jambi where the work commitment includes G&G studies and 100 km2 of seismic data; and the offshore North Kangean block in East Java where the work commitment includes G&G studies and 200km2 of 3D seismic data.
The deadline for direct offer bids was 30 July. Deadline for regular tender bids is 12 October.
