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Ministry of Energy and Mineral Resources of the Republic of Indonesia

06/17/2021 | Press release | Distributed by Public on 06/17/2021 00:33

Government of Indonesia offers six oil and gas working areas in the first round of Indonesia Petroleum Bid Round 2021

Government of Indonesia offers six oil and gas working areas in the first round of Indonesia Petroleum Bid Round 2021

Thursday, 17 June 2021 - Dibaca 4 kali

MINISTRY OF ENERGY AND MINERAL RESOURCES

REPUBLIC OF INDONESIA

PRESS RELEASE

NUMBER: 206.Pers/06/SJI/2021

Date: 17 June 2021

Government of Indonesia offers six oil and gas working areas in the first round of Indonesia Petroleum Bid Round 2021

Government of Indonesia opens the oil and gas working areas bid round after being postponed in 2020 due to the world crude oil price fluctuation and the Covid-19 pandemic. The government has taken efforts to make a more attractive tender by improving the Terms & Conditions such as contractor's profit split improvement by taking into account the risk factor of the block, open bid Signature Bonus, 10% FTP, 100% DMO price implementation during the contract period, flexibility of PSC scheme (Cost Recovery or Gross Split PSC), new provision of relinquishment (no mandatory of partial relinquishment of area in the 3rd year of the contract), easy access to data through Migas Data Repository (MDR) membership mechanism, as well as incentive and tax facility based on the prevailing laws and regulations.

The announcement is made virtually by Director General of Oil and Gas Tutuka Ariadji at the Oil and Gas Investment Day event hosted by the Ministry of Energy and Mineral Resources and IPA on Thursday (June 17).

There are six (6) working areas on offer, consisting of four (4) working areas in Direct Proposal Tender mechanism and two (2) working areas in Regular Tender mechanism.

A. Four (4) working areas offered in Direct Proposal Tender are:

No

Working Area

Location

Size (Km2)

Minimum of Firm Commitment

1.

South CPP

Riau onshore

5,446.39

- G&G

- 500 Km of 2D seismic

- 50 Km2 of 3D seismic

- 1 exploration well

2.

Sumbagsel

South Sumatera onshore

1,751.04

- G&G

- 1 exploration well

3.

Rangkas

Banten & West Java onshore

3,969.8

- G&G

- 300 Km of 2D seismic

4.

Liman

East Java onshore and offshore

3,135

- G&G

- 400 Km of 2D seismic

B. Two (2) working areas offered in Regular Tender are:

No

Working Area

Location

Size (Km2)

Minimum Firm Commitment

1.

Merangin III

South Sumatera and Jambi onshore

1,488.84

- G&G

- 100 Km2 of 3D seismic

- 1 exploration well

2.

North Kangean

East Java offshore

4,679.33

- G&G

- 200 Km2 of3D seismic

- 1 exploration well

Government of Indonesia is inviting domestic and overseas company (BU/BUT) in upstream oil and gas business which have the financial and technical capability, ability to meet the requirements of 3 years minimum Firm Commitment, ability to meet the terms and conditions of working areas tender, as well as good performance and track record to participate in this first round of Indonesia Petroleum Bid Round 2021.

Schedule of the first round of Indonesia Petroleum Bid Round 2021:

A. Direct Offer

  1. Bid Document Access: 17 June 2021 - 28 July 2021
  2. Participating Document Submission: 28 July 2021 - 30 July 2021.

B. Regular Tender

  1. Bid Document Access: 17 June 2021 - 12 October 2021
  2. Participating Document Submission: 12 October 2021 - 14 October 2021.
Interested companies may register and access Bid Document through e-tender website at https://esdm.go.id/wkmigas based on the schedule.(RZ)
Head of Communication, Public Information Services,
and Cooperation Affairs Bureau

Agung Pribadi (08112213555)

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