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NEWS UPDATES Asean Affairs   September 21, 2018  






Government expects to name operators of 7 blocks in November

The Energy and Mineral Resources Ministry expects to name the operators of seven oil and gas blocks, including four onstream blocks, in November.

The four onstream blocks are South Jambi B, Selat Panjang, Makassar Strait and West Kampar, while the three exploration blocks are Banyumas, Andika Bumi Kita and Southeast Mahakam.

"We have decided to combine the seven blocks to immediately find new operators," Energy and Mineral Resources Ministry Oil and Gas Director General Djoko Siswanto said on Wednesday.

The West Kampar block, which is located onshore in Riau, is the latest block to be added to auction list, Djoko said, adding that the block would attract investors as it had potential reserves of 8.3 million stock tank barrels (mstb).

“We've set the signature bonus at US$5 million with a five-year firm working commitment [KKP]," he said, adding that the total KKP cost was $59.03 million.

The former operator of the block, local energy firm Sumatra Persada Energi (SPE), went bankrupt in 2016, the ministry said.  

SPE obtained a 30-year operation permit for the block that was due to expire in 2035,  but the company left the block with a debt of Rp 1.3 trillion (US$87.57 million), which is subject to government reevaluation.

Djoko said proposals had been received for six of the blocks, but not Southeast Mahakam. “We plan to assign Pertamina to operate the blocks that fail to get operators. I personally believe the company is capable of operating them," he said.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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