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Tuesday, 02 December, 2008, 21:40 GMT | more >>

Jakarta hands out prizes



By Upstream staff 

Indonesia has signed production sharing contracts with nine local players, securing exploration commitments totalling about $200 million.

Ministry of Energy & Mineral Resources exploration director Novian Thaib said the contractors will be granted 30-year concessions if commercial discoveries are made.

The Antara new agency quoted Energy & Mineral Resources Minister Purnomo Yusgiantoro as saying that the signing of the contracts was the third of its kind this year.

“We hope our crude oil production in 2008 will reach 1.3 million barrels per day,” he added.

Company

Block awarded

Sumatera Persada Energi

West Kampar, Central Suamtra

Bunga Mas Energi

Bungamas, South Sumatra

Endeavour Energy

Bengkulu

Bumi Parahyangan Ranhill Energia Citarum

Citarum, West Java

Star Energi Sentosa

Sebatik, East Kalimantan

Zraex

Lhokseumawe, Aceh

GreenStar Assets

East Kangean, East Java

Perusda Benuo Taka

Wailawi , East Kalimantan

Energy Equity Epic

Sengkang, South Sulawesi


Monday, 10 October, 2005, 03:54 GMT  | last updated: Monday, 10 October, 2005, 07:34 GMT

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