JAKARTA. The Indonesian government had acquired investment commitments worth USD 20.3 million from the auction of two oil and gas blocks, South CPP Block and Liman Block.
Tutuka Ariadji, Director-General of Oil and Gas of Ministry of Energy and Mineral Resources (ESDM), announces this news during the announcement of oil and gas block auction Phase I 2021. The winner of the South CPP Block auction is PT Energi Mega Persada Tbk (ENRG), while Husky Energy International secures the Liman Block.
The investment commitment made by ENRG for South CPP Block amounts to USD 13.6 million. Furthermore, within the first three years, ENRG would conduct a G&G study, a 2D seismic survey of 500 km, a 3D seismic survey of 50 km, and an exploration in one well. On the other hand, Husky Energy would expend USD 6.7 million for the first three years, focusing on G&G study and a 2d seismic survey of 400 km.
Besides the blocks mentioned above, there are two other blocks being put in auction during the Phase I 2021 auction. These are Sumbagsel and Rangkas blocks. However, there have been no winning bids mentioned for both.
Thus, it opens the status of Sumbangsel Block and Rangkas Block to available blocks. With this given status, the government would reevaluate the said areas so they could be brought forward in the next phase of the auction. (KR/ZH)