JAKARTA, Nov 6 (Reuters) – Indonesia has decided to award 20-year contract extensions from 2022 to three existing oil and gas block operators, Deputy Energy Minister Arcandra Tahar said late on Monday.
These were:
* Tarakan block, awarded to operator Medco Energi Internasional unit Medco E&P Tarakan, with a 100 percent participating interest
* Coastal Plains and Pekanbaru (CPP) block, awarded to Bumi Siak Pusako with 100 percent participating interest
* Tungkal block, awarded to Mond’or Oil Tungkal (70 percent participating interest) and Fuel X Tungkal Ltd (30 percent participating interest)
The total signature bonus for the three blocks was $13.95 million, and all three contracts will use a gross split scheme.
Regulator and government officials were not immediately able to provide data on output from the above blocks.
Tarakan and Tungkal block operators will be required to divest a 10 percent participating interest to a regional enterprise, Tahar said, noting that CPP had already satisfied this requirement.
Sengkang block, whose contract is also due to expire in 2022, was still subject to discussion, he said.
Also on Monday, Arcandra said the government was opening the third oil and gas block bidding round for 2018. The four oil and gas blocks on offer through direct offers or joint studies are:
1. South Andaman block, offshore Andaman Aceh 2. South Sakakemang block, onshore South Sumatra 3. Anambas block, offshore West Natuna 4. Maratua block, onshore and offshore North and East Kalimantan (only offered to Pertamina)
Bidding documents for the above blocks will be available from Nov. 5 to Dec. 17, with bid submission due by Dec. 19. (Reporting by Wilda Asmarini Writing by Fergus Jensen; Editing by Gopakumar Warrier).
