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Indonesia to offer six oil, gas blocks by year's end

The Indonesian government plans to offer six oil and gas blocks before the end of the year as part of its efforts to revive the country's dwindling output, a senior official said Wednesday.

The Indonesian government plans to offer six oil and gas blocks before the end of the year as part of its efforts to revive the country's dwindling output, a senior official said Wednesday.

"We will ask permission from the new energy and mines minister first. After securing his approval, we will offer the blocks soon," said Naryanto Wagimin, program director at the energy ministry's oil and gas directorate general.

Four of the blocks will be offered through direct tender, with the remaining two offered through regular tender, he said. The blocks include offshore and onshore areas.

"We have to increase our exploration activities to increase the production," Wagimin said. "Without any exploration it is impossible we can increase our production in the future."

platts.com
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