Indonesia Announces Winners Of Oil And Gas Phase I 2009 Auction

Published: 25-Nov-2009

Indonesia's government announced the winners of the working area of oil and gas supply and the working area of coal-bed methane (CBM). Onshore oil and gas Blora block was awarded to PT Seleraya, the offshore North Makassar Strait block was granted to a consortium of PT Baruna Nusantara Energi and Niko Resources Ltd., and the Sula block was won by PT Brilliance Energy.

The government awarded the contract for CBM in the Sanga-Sanga area in East Kalimantan to a consortium consisting of BP East Kalimantan Ltd., Lasmo Sanga- Sanga Ltd., OPIC Oil Houston Ltd., Virginia Indonesia Co. LLC, and Virginia Inter Co. LLC.

Indo CBM Ltd. won the Rengap CBM concession and a consortium consisting of Trans Asia Resources-PT Jindal Stainless Indonesia won the Barito area in East Kalimantan.