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August 29, 2008

New oil, gas basins found in E Indonesia

At least 20 new basins of oil and gas, mostly located in eastern part of Indonesia were found and the country now has 87 basins in which 67 on the map previously released by the association in 1985, according to local media reports on Thursday.
Geologists have discovered at least 20 new basins which are similar in the previous mapping, the Indonesian Business daily quoted secretary general of Indonesian geologist (IAGI) Ridwan Djamaludin as saying.

"Hopefully, the new mapping of basin can be used by the government and companies for references before an exploration on gas and oil," he said.

Indonesia has currently developed 17 basins which may be potential for the next phase of oil and gas production, he said, adding "other 33 basins are in an exploration level."

Besides in eastern part, there has been said that some others basins located in several areas in Sumatera, Papua, and Java also such as Bangka, South Natuna, Cendrawasih and Mentawai.

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