Indonesian Government set to auction 50 oil and gas blocks

07 Februar, 2011

The Indonesian government will put up for sale 50 oil and gas blocks this year in two auctions. Director General of the Energy and Mineral Resources Ministry of the Republic of Indonesia, Ms. Evita Herawati Legowo, said most of the blocks would be auctioned off in tenders.

The Indonesian government will put up for sale 50 oil and gas blocks this year in two auctions. Director General of the Energy and Mineral Resources Ministry of the Republic of Indonesia, Ms. Evita Herawati Legowo, said most of the blocks would be auctioned off in tenders. “Only 11 blocks will be made available through a direct offer scheme,” said the Director General. Furthermore, she said that the Indonesian Government also planned to offer 10 coal bed methane blocks. The move to auction off the blocks was part of the government’s effort to improve the ministry’s oil and gas sector.

 

 

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