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Indonesia opens new round of bidding for 24 oil, gas blocks

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The Indonesian government is offering 24 new oil and gas blocks for bidding, the Energy and Mineral Resources Ministry said Thursday, in an effort to boost the country's declining output, reported Dow Jones newswire.

The ministry said seven blocks are being offered through a "direct offer mechanism through joint study." They are the Kubu Block, North East Ogan Komering Block, Offshore West Java Block, Blora Block, North Makassar Block, East Simenggaris Block and Digul Block.

The government is opening 17 blocks for regular tender in the eastern part of the country, namely the Tomina Basin and Bone Bay.

It set July 30 as the deadline for investors to bid on the seven blocks, and Oct. 13 for the 17 blocks, said the ministry. 


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