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Policy
for offering PCS's New Acreage |
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New acreages are offered and managed by the Government
of Indonesia, c.q. the Directorate General of Oil
and Gas (MIGAS).
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New acreages are offered through the tender process
(there is no direct negotiation).
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Badan Pelaksana Hulu (Upstream Implementing Body) is the party that will sign the
Cooperation Contract/Production Sharing Contract
(PSC) Agreement with the successful bidder.
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2nd
Round of 2002
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Indonesia
has put up on offer 17 blocks for exploration and production
in its second tender round, with a deadline for the submission
of bids set for end-July. The winners are expected to
be announced by Sep 1, 2002.
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The
acreages are as follows:
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- Anambas
Block offshore Natuna Sea; the Anambas block is considered
gas-prone. The Gajah Putri-1 and Pelikan-1 wells drilled
by Premier Oil in 1997 flowed 34.5 mm cfpd and 24.6
mm cfpd of gas respectively
- Tigau
and Mentana blocks in the Tarakan Basin offshore East
Kalimantan;
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Bangkanai block (previously operated by Unocal) also
off East Kalimantan; The Bangkanai block in the Barito
Basin is home to the Tanjung oil field discovered
in 1938, which had a cumulative production of up to
100 mm barrels through January 1985. This block has
estimated potential recoverable reserves of 252 mm
barrel of oil and 2.71 tcf of gas
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Polewali and Enrekang blocks onshore South Sulawesi;
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Biga and Sigaf blocks in the Misool Basin in the Seram
Sea;
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Six Amborip blocks (Amborip I-VI) in the Arafura Shelf
offshore southern Irian Jaya;
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Jangeru and Taritip and Muara Bakau deep water blocks
in the Makassar Strait off East Kalimantan. The
acreages in the Makassar Strait are considered attractive
on account of the adjacent onshore Kutei Basin in
East Kalimantan, which extends into the straits
and is flagged as one of the most prolific basins
in Indonesia, with at least 12 bn barrel of oil
equivalent discovered to date
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3rd
Round of 2002
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Information
on this round is still being prepared, and that will be
announced by the President Megawati Sukarnoputri by early
September 2002, during the announcement of the winner of
the bidder of 2nd round. |
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