By Calvin Purba
Indonesian Ministry of Energy and Mineral Resources (ESDM) has announced the winners of the Phase II 2024 Oil and Gas Working Area (WK) auction, which was launched at the end of last year.
Tri Winarno, Acting Director General of Oil and Gas, revealed the results of the latest auction round, which offered six oil and gas blocks—five via direct offer and one through a regular tender.
Read also : Three joint study areas ready for auction
The direct offer scheme yielded five successful bids, while the winner of the regular tender has yet to be announced.
Winners of the 2024 oil and gas WK auction (direct offer scheme)
|
Working Area (WK) |
Location |
Estimated Resources |
Type of PSC |
Firm Commitment |
Signature Bonus |
Winner |
|
Kojo |
Offshore Makassar Strait |
90.2 MMBO and 2.1 TCF |
Cost Recovery |
|
$200,000 |
Armada Etan Limited |
|
Binaiya |
Offshore Maluku |
6.7 BBO and 15 TCF |
Cost Recovery |
|
$200,000 |
Consortium of PT Pertamina Hulu Energi, PC North Madura II Ltd., & SK Earthon Co.Ltd. |
|
Serpang |
Offshore East Java |
1.2 BBO and 6.3 TCF |
Cost Recovery |
|
$300,000 |
Consortium of PC North Madura II Ltd. INPEX Corporation and SK Earthon Co.Ltd. |
|
Gaea` |
Onshore & Offshore West Papua |
9.6 BBO and 71.8 TCF |
Cost Recovery |
|
$200,000 |
Consortium of Enquest Petroleum Production Malaysia Ltd., PT Agra Energi Indonesia, BP Exploration Indonesia Limited, MI Berau B.V., CNOOC Southeast Asia Limited, ENEOS Xplora INc., Indonesia Natural Gas Resources Muturi Inc., & KG Wiriagar Petroleum Ltd. |
|
Gaea II |
Onshore & Offshore West Papua |
8.5 BO and 35.1 TCF |
Cost Recovery |
|
$200,000 |
Consortium of Enquest Petroleum Production Malaysia Ltd., PT Agra Energi Indonesia, BP Exploration Indonesia Limited, MI Berau B.V., CNOOC Southeast Asia Limited, ENEOS Xplora INc., Indonesia Natural Gas Resources Muturi Inc., & KG Wiriagar Petroleum Ltd. |
Editing by Reiner Simanjuntak
