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Indonesia invited licensing bids
Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has invited interested companies to submit bids to explore three non-conventional oil and gas blocks in the country, reports Rigzone. The three non-conventional oil and gas blocks offered by the Indonesian authorities are Blora in East Java and West Java; Batu Ampar in East Kalimantan; and Central Bangkanai in Central Kalimantan and East Kalimantan. The launch of the three blocks is the first since the issuance of the new MEMR regulation on the development of non-conventional oil and gas blocks, with the latest move an attempt by the government to encourage investment in this sector, covering shale and coal-bed methane, which has been hurt by unfavourable regulations.
News Item details
Journal title: Petroleum Review
Countries: Indonesia -
Subjects: Banking, finance and investment, Coalbed methane, Shale gas, Oil and gas, Oil, Onshore exploration
