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 ================================================================ Projects Type Location Winners ================================================================ 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 ================================================================ Projects Winners ================================================================ 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 ================================================================
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