Indonesia Picks Four Winners in 2018 Energy Tender

Source Reuters
Company ENILion Energy LimitedMitsui Oil Exploration Co, LtdPT Cogen Nusantara EnergiPT Green World NusantaraRepsol 
Tags Licensing Rounds, Deals, Exploration, Upstream Activities
Date May 04, 2018

Indonesia's energy ministry announced on Wednesday four winning bids in its 2018 oil and gas block tender that opened in February, including Lion Energy and units of ENI and  Repsol.

The ministry awarded winners for four of the five blocks tendered as direct offers, while 19 other blocks are on offer in the regular tender which closes on June 19, it said in a statement.

Work Area

 

Winner

 

Citarum

 

PT. Cogen Nusantara Energi

 
 

& PT. Green World Nusantara

 

East Ganal

 

ENI Indonesia Ltd

 

East Seram

 

Lion Energy Limited

 

Southeast Jambi

 

Talisman West Bengara B.V

& MOECO South Sumatra Co., Ltd.

 

East Papua

 

No bid

 
   

The East Papua work area will be re-tendered in a subsequent bidding round, the ministry said. Direct offer tenders are preceded by a joint study process, in which oil and gas companies and the government work together to develop seismic data for certain blocks. Companies involved in the study gain rights to match bids once the blocks are offered in the tender, discouraging other participants.

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