Eni Consortium Awarded Block Offshore Indonesia

Published

© Zerophoto / Adobe Stock
© Zerophoto / Adobe Stock

Indonesia awarded West Ganal oil and gas exploration block in offshore Makassar strait to a consortium of Eni Indonesia Ltd, PT Pertamina and Neptune Energy West Ganal B.V, Deputy Energy Minister Arcandra Tahar said on Monday.

The consortium set a $159.3 million investment commitment for the next three years and gave the government a signature bonus of $30.1 million, Tahar said.

West Ganal block was one of the four offered by the government in the latest round of oil and gas blocks auctioned.

The government will re-auction the three other blocks -- West Kampar, Bone and Kutai -- in the next round, Tahar said.


(Reporting by Bernadette Christina Munthe; Editing by Edmund Blair)

Current News

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Mubadala Hires SLB for Deepwat

Cydome Rolls Out Remote Cybersecurity Tool for Offshore Wind Farms

Cydome Rolls Out Remote Cybers

BW Offshore, McDermott Unveil Blue Ammonia FPSO Concept (Video)

BW Offshore, McDermott Unveil

Jan De Nul’s Fleeming Jenkin CLV to Get Dedicated Training Simulator

Jan De Nul’s Fleeming Jenkin C

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine