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Indonesia to offer 21 oil and gas blocks in 2016: energy ministry official

Tuesday, September 1, 2015 - 16:44
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Conventional wisdom is that falling oil prices provide significant economic stimulus, but many Asian countries appear to be missing out on much of the benefit.

[JAKARTA] Indonesia will offer 21 oil and gas blocks, including 13 conventional ones, in 2016, an energy ministry official said on Tuesday.

"Next year we expect the number of oil and gas blocks on offer to increase, because of the presence of the national exploration team that is preparing for these new blocks," Oil and Gas Director General Wiratmaja Puja told parliament, noting that the government planned to offer 11 oil and gas blocks this year.

These blocks will be offered through regular tenders and joint study mechanisms, Mr Puja added.

REUTERS

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