Gulf Oil and Gas accountACCOUNT

Indonesia Offering Three Unconventional Gil and Gas Blocks

Source: Reuters 10/31/2016, Location: Asia

Share |
Indonesia is offering three new unconventional oil and gas blocks on the islands of Sumatra and Kalimantan to potential bidders, an energy ministry official said.

The assets on offer are one shale gas block in East Kalimantan, with potential resources of 7 trillion cubic feet of gas and 21 million barrels of oil, as well as two coalbed methane blocks in South Sumatra.

Bidders can propose a production split or make an upfront payment for the right to develop the block, Tunggal, an upstream director at the directorate-general of oil and gas who goes by one name, told reporters.

Previously, any split in production was pre-determined by the Indonesian government.

Unconventional Resources News in Indonesia >>

Azerbaijan >>  5/23/2017 - Azerbaijanís oil supply forecast for 2017 remained unchanged with a contraction of 70 tb/d to average 0.78 mb/d, while oil production in 2016 declined...
Singapore >>  5/19/2017 - The Board of Directors of Pacific Radiance Ltd. announces that on 19 May 2017, its wholly owned subsidiary, Crest Offshore Marine Pte. Ltd. Has enter...

China >>  5/3/2017 - Following a drop encountered the previous month, Chinaís crude oil imports increased in February to stand at 8.3 mb/d, up by 273 tb/d or 3% from the p...

Related Categories: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

Oil & Gas Projects in Indonesia >>

More News

 

Oil & Gas Companies in Indonesia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.