• Wednesday, 16 May, 2012

Indonesia set for licensing round

epa00985214 A victim of the Lapindo mudflow disaster shouts slogans during a rally outside the Presidential Palace in Jakarta, Indonesia, 17 April 2007, demanding compensation for their houses damaged in the disaster. Indonesian President Susilo Bambang Yudhoyono said he would take action against PT Lapindo Brantas Inc., the operator of the gas field blamed for the cause of the mudflow, if it failed to compensate the mudflow victims. The National Development Planning Board (Bappenas) has estimated that the losses caused by the mudflow from Lapindo Brantas gas operations in Sidoarjo, East Java, in the past nine months had reached Rp27.4 trillion, consisting of Rp11.0 trillion in direct and Rp16.4 trillion in indirect losses. EPA/MAST IRHAM

Flying the flag: in Indonesia

EPA/MAST IRHAM

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Amanda Battersby , Amanda Battersby , Amanda Battersby , Amanda Battersby

 30 November 2010 08:46 GMT

Indonesia on 10 December will officially launch its second 2010 licensing round, which will comprise 24 offshore and onshore blocks.

The Directorate General of Oil & Gas will formally unveil 17 blocks for regular bidding while a further seven are to be offered for direct tender. The licensing round will include acreage on the islands of Sulawesi, Sumatra, Java and Borneo (East Kalimantan) and in the Natuna and Arafura seas.

The blocks will be awarded for a six-year exploration term with the option to extend for a further four years.

Signature, equipment and services, plus production bonuses will all be payable. The directorate stipulated that cost recovery will apply on a PoD (plan of development) basis whereby the oil companies (contractors) may recover operating costs only out of hydrocarbons produced from fields for which the PoD has been approved by upstream regulator BP Migas.

Also contractors will not be allowed to divest their majority shares in the acreage during the initial three-year exploration term.

Bidding documents for the direct tender blocks will be available from 10 December to 7 February and clarification can be sought from the authorities from 13 December to 4 February. Bids for the direct tender blocks are due for submission on 9 February.

Companies are being given longer to prepare their applications for the acreage being offered via the regular bidding process. Documents will be available from 10 December to 22 April, while clarification can be sought from 13 December to 20 April. The date for bid submissions is 25 April 2010.

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