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Second Indonesia Petroleum Bidding Round

Indonesia’s Directorate General of Oil and Gas (MIGAS) launched the Second Indonesia Petroleum Bidding Round of 2008 on 17 October 2008.  For this round, a total of 31 blocks are being offered with 16 blocks under Regular Tender and 15 blocks under Direct Proposal Tender.

The blocks offered are as follows:-

Second Indonesia Petroleum Bidding Round 2008

Block Name

Basin Name

Bidding Method

ANDAMAN-I

NORTH SUMATERA - MERGUI

REGULAR TENDER

ANDAMAN-II

NORTH SUMATERA - MERGUI

REGULAR TENDER

ANDAMAN-III

NORTH SUMATERA - MERGUI

REGULAR TENDER

WEST GLAGAH KAMBUNA

NORTH SUMATERA - MERGUI

REGULAR TENDER

SOUTH BENTU SEGAT

CENTRAL SUMATERA

REGULAR TENDER

ASEM-ASEM

PASIR - ASEM ASEM

REGULAR TENDER

SW TANJUNG AREA

BARITO

REGULAR TENDER

SOUTH BULUNGAN

TARAKAN

REGULAR TENDER

NORTH SURUMANA

LARIANG

REGULAR TENDER

KARAENG

SOUTH MAKASSAR

REGULAR TENDER

SELAYAR

SENGKANG BONE

REGULAR TENDER

KAMBUNO

SENGKANG BONE

REGULAR TENDER

S.E. HALMAHERA-S.W. KOFIAU

HALMAHERA

REGULAR TENDER

EAST BULA

SERAM

REGULAR TENDER

ARU

KAI-ARU TROUGH

REGULAR TENDER

WEST PAPUA-IV

KAI-ARU TROUGH

REGULAR TENDER

SOUTH BLOCK "A"

NORTH SUMATERA - MERGUI

DIRECT PROPOSAL TENDER

EAST PAMAI

CENTRAL SUMATERA

DIRECT PROPOSAL TENDER

PENYU

WEST NATUNA - PENYU

DIRECT PROPOSAL TENDER

SOKANG

EAST NATUNA

DIRECT PROPOSAL TENDER

SENAMI-BAHAR

SOUTH SUMATRA

DIRECT PROPOSAL TENDER

WEST BELIDA

SOUTH SUMATRA

DIRECT PROPOSAL TENDER

TERUMBU

EAST JAVA

DIRECT PROPOSAL TENDER

S.E. MADURA

EAST JAVA

DIRECT PROPOSAL TENDER

PASIR

KUTEI

DIRECT PROPOSAL TENDER

SOUTH SESULU

KUTEI

DIRECT PROPOSAL TENDER

SERMATA

BONAPARTE

DIRECT PROPOSAL TENDER

KUMAWA

KAI-ARU TROUGH

DIRECT PROPOSAL TENDER

KOFIAU

SALAWATI

DIRECT PROPOSAL TENDER

CENDRAWASIH

WAIPOGA

DIRECT PROPOSAL TENDER

NORTHERN PAPUA

NORTH NEW GUINEA

DIRECT PROPOSAL TENDER

Bid documents have been available from 10 November 2008.  The bid deadline for direct proposal tenders is 5 January 2009 and for regular tenders is 9 March 2009.

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Map: Blocks offered under the Second Indonesia Petroleum Bidding Round 2008 (red shading for Direct Proposal & green shading for Regular Tender).   Source: PetroView®

On the 31 October 2008, MIGAS awarded oil and gas exploration rights on nine blocks to several international and local companies as below:-

Indonesia Petroleum Bidding Round Awards 31 October 2008

Block

Operator

Partners

CAKALANG

LUNDIN OIL & GAS BV (100%)

-

KERAPU

PEARL OIL TACHYLYTE (100%)

-

BARONANG

LUNDIN OIL & GAS BV (100%)

-

EAST BAWEAN I

SINTEZMORNEFTEGAZ (100%)

-

GUNTING

ESSO EXPLORATION INTL LTD (100%)

-

MAHAKAM HILIR

SPC E&P UPSTREAM LTD (100%)

-

SEMAI II

MURPHY OVERSEAS VENTURES INC (33.33%)

- PTTEP PUBLIC COMPANY LTD (33.33%)
- INPEX CORP (33.33%)

SEMAI III

PT SUMA SARANA (100%)

-

SEMAI V

HESS LTD (100%)

-

Most of the blocks awarded were regular tenders from the 2007 Petroleum bidding round, with the exception of Gunting block, from year 2006.  The total exploration commitments for the first three years are reported to be close to USD 465 million.  Out of the nine blocks, Semai V was the most contested with six oil firms, including Total E&P Indonesia, PT Pertamina and Hess Corporation, bidding for it.  Hess Corporation won the licence, with a signature bonus of USD 40 million and investment commitment of USD 143 million.

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