INDONESIA - 40 Blocks To Be Offered.The Director General of Oil and Gas at the Ministry of Energy and Mineral Resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature , Luluk Sumiarso, on March 2 said the government will in April re-offer 11 blocks which were not taken up in the latest bid round. Sumiarso added that the government hoped to offer 40 blocks in total this year. The Ministry of Energy and Mineral Resources on March 2 awarded nine oil and gas blocks to international and local companies, which will invest a combined $411.1m during the first three years of exploration. A consortium comprising Total of France and Inpex Corp of Japan won the offshore Sungai Mahakam oil and gas block in Kalimantan. A joint venture of Premier Oil of the UK and Mitsui Oil Exploration Co. (MOECO MOECO Mitsui Oil Exploration Company Limited of Japan got a block in the Natuna Sea. A joint venture of the state-owned PT Pertamina and Statoil of Norway got the Karama block offshore West Sulawesi West Sulawesi or Sulawesi Barat (short form Sulbar) is a province of Indonesia, created in 2004. It is on the island of Sulawesi (formerly, Celebes) and includes the regencies (kabupaten . Talisman Energy Talisman Energy TSX: TLM is one of Canada's largest petroleum companies. It was originally part of British Petroleum, known as BP Canada, but in 1992 it became an independent company named Talisman Energy. of Canada won the Sageri block offshore South Sulawesi South Sulawesi is a province of Indonesia, located on the western southern peninsula of Sulawesi island. The province is bordered by Central Sulawesi province to the north, South East Sulawesi province to the east and West Sulawesi province to the west (West Sulawesi province was . Esso Exploration International, a unit of ExxonMobil, got the Mandar Block off West Sulawesi. The other companies awarded blocks were mostly local, little-known firms. The nine areas were part of 20 blocks which Jakarta had offered to investors. It failed to attract interest in the other 11 blocks, which will be re-offered in April. Reports of Malaysian aircraft and ships intruding the air space and waters off Indonesia have prompted the Indonesian Air Force The Indonesian Air Force (Indonesian: Tentara Nasional Indonesia Angkatan Udara or TNI-AU) is the air force branch of the Indonesian Armed Forces. Personnel of the Indonesian Air Force total 28,329. to patrol the waters over the Sulawesi Sea where the two states are disputing the boundary lines. Ownership of the oil and gas rich Ambalat Blocks ND6 and ND7 is fuelling the feud. Though Indonesia signed a production sharing contract (PSC (Public Service Commission) Same as PUC. ) with ENI of Italy in 1999 to operate the Ambalat blocks, both states have awarded contracts to major international oil companies (IOCs). Representatives of the two states were on March 9 reported to have scheduled their 10th meeting in Penang, Malaysia, soon, to resolve the conflict (see background of Indonesia's territorial disputes with Malaysia in Vol. 64, omt10IndnsFieldsMar7-05). |
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