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 >>

Malaysia >>  11/16/2017 - ET Energy, a global leading clean energy developer and operator has announced that the company together with its partner Northwest Electric Power Desi...
India >>  11/8/2017 - WorleyParsons has been awarded a contract by Reliance Industries for project management consultancy (PMC) services for development of the R-Series gas...

Japan >>  11/6/2017 - The declining trend seen earlier in Japan continued, with crude oil imports dropping in August by 145 tb/d, or 4%, to average 3.2 mb/d. Y-o-y, crude i...
Malaysia >>  11/3/2017 - TechnipFMC (FTI) has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A Block H Gas Development Project. The project is located in of...

Azerbaijan >>  11/2/2017 - Trans Adriatic Pipeline (TAP) AG has selected PSI Software AG as the provider of the Commercial Dispatching Software (CDS). The PSI software will enab...
China >>  11/2/2017 - The latest information for China showed that total commercial oil inventories fell by 9.3 mb in August for the second consecutive month to settle at 3...

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.