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The Announcement of Contract Award in Indonesian Petroleum Bidding Second Round 2009

wk 2nd round 23 blocks okThe Government of Indonesia has announced 23 companies who win the Indonesian Petroleum Bidding Second Round 2009 on Friday, May 14th 2010. The winning bidder in Indonesia Petroleum Bidding Second Round, consist of:

A. Direct Proposal in Indonesian Petroleum Bidding First Round 2009 has awarded by 11(eleven) companies for 11 (eleven) working area offered.

NO WORKING AREA COMPANY
1 Puri PT Sargas Vega
2 Sakakemang Cakra Nusa Darma (SKKMG) Ltd
3 Sunda Strait I Consortium Komodo Energy LLC-Niko Resources(Overseas XI) Ltd
4 North Madura Consortium PT Baruna Recovery Energy-AWE Ltd
5 Mandala Consortium PT Bumi Hasta Mukti – Fortune Empire Group Ltd.
6 Karapan PT Leogryph Indonesia
7 Long Hubung

Long Bagun

PT Kalisat Energy Nusantara
8 Malunda PTT Exploration and Production Public Co., Ltd
9 South Mandar Consortium Talisman (Asia) Ltd-PTT Exploration and Production
10 Sadang Consortium Talisman (Asia) Ltd-PTT Exploration and Production
11 South Sageri Consortium Talisman (Asia) Ltd-PTT Exploration and Production

B. Regular Tender in Indonesian Petroleum Bidding First Round 2009 has awarded by 3 (three) company from 12 working acreage offered.

NO WORKING AREA COMPANY
1 Cendrawasih Bay II Consortium Repsol Exploracion S.A – Niko Asia Ltd.
2 Cendrawasih Bay III Consortium Black Gold Ventures LLC – Repsol Exploracion S.A
3 Cendrawasih Bay IV Consortium Black Gold Ventures LLC – Repsol Exploracion

The Director of  Upstream Business Development of Oil and Gas Directorate, Mr. A Eddy Hermantoro said the total investment commitment of the awarded 14 (fourteen) companies would be made for exploration activities for the first three years reached US$ 146 million consisting of geological and geophysical studies worth US$ 13.15 million, two-dimension seismic survey on a 9,350 kilometer worth US$ 15.45 million, three-dimension seismic survey on a 4,350 square kilometer area US$ 28.5 million and drilling of 8 (eight) exploration wells worth US$ 75.5 million.The government would also receive directly US$ 14.65 million in contract signing bonuses on the projects.

[Copyright by Ditjen Migas]

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