Niko, Serica Win Exploration Rights for Indonesian Oil Blocks

Indonesia, Southeast Asia’s largest crude producer, awarded rights to explore six oil and gas blocks to companies including Niko Resources Ltd. (NKO) and Serica Energy Plc (SQZ), the Energy and Mineral Resources Ministry said.

The government also awarded exploration rights to three companies for seven coal-bed methane projects, the ministry said in a statement on its website today. Total investment commitments for the oil and gas blocks are $38.15 million and for CBM are $35.65 million, the ministry said.

The following table shows details of the blocks and companies that won the exploration rights as announced by the energy ministry today.

Oil and Gas Blocks
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Projects         Type     Location       Winners
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Kalyani Onshore  Onshore  Jambi          Eurorich Group Ltd.
South Baturaja   Onshore  South Sumatra  PT Anugerah Mutiara
                                         Sentosa
North Baturaja   Onshore  South Sumatra  PT Terra Global Vestal
Kuala Pambuang   Onshore  Central        PT Mentari Abdi Pertiwi
                          Kalimantan
Tanjung Aru      Offshore East           Consortium Serica
                          Kalimantan     Energy Pte. Ltd., Neon
                                         Energy Ltd., Natuna
                                         Ventures Pte. Ltd.
Southeast Seram  Onshore/ Maluku         Niko Resources
                 Offshore                (Overseas XIX) Ltd.
================================================================

Coal-Bed Methane Blocks
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Projects                  Winners
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GMB Bangkanai I           PT Sugico Graha
GMB Bangkanai II          PT Sugico Graha
GMB Bangkanai III         PT Sugico Graha
GMB Bangkanai IV          PT Sugico Graha
GMB Tanah Laut            PT Sumber Daya Energi
GMB Kuala Kapuas II       PT Citra Pita Niagatama
GMB West Sanga Sanga I    PT Sugico Graha
================================================================

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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