TANGERANG - The Ministry of Energy and Mineral Resources (ESDM) opened direct offers for 3 oil and gas (oil and gas) areas at the Indonesian Petroleum Association (IPA) Convex 2025 at ICE BSD Tangerang, Tuesday, May 20.
"On behalf of the Ministry of Energy and Mineral Resources of the Republic of Indonesia, we will announce the first direct offer for three working areas, namely Gagah, Perkasa, and Lavender," said Acting Director General of Oil and Gas, Tri Winarno, Tuesday, May 20.
Tri explained that WK Gagah is located on the mainland or onshore of South Sumatra Province and has the potential for oil and gas resources of around 173 million barrels of oil or 1.1 trillion cubic feet of gas.
Furthermore, Perkasa's working area, which is located on land and off the coast of East Java Province, has the potential for oil and gas resources of around 228 million barrels of oil or 1.3 trillion cubic feet of gas.
Finally, specifically for the Lavender Working Area, continued Tri, this WK is specifically offered only to Pertamina in accordance with the Regulation of the Minister of Energy and Mineral Resources Number 35 of 2021 Article 39.
The WK Lavender, which is located on land and off the coast of South Sulawesi Province and Southeast Sulawesi Province, has a potential gas resource of around 10 trillion cubic feet of gas.
"In total, the three working areas offered have the potential of around 2.2 billion barrels of oil equivalent," Tri continued.
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Tri further said that one of the things dancing from this auction was the distribution of the results or splits offered to the KKKS ranging from 45 to 50 percent or up from the previous 15-30 percent.
"This aims to encourage investment, especially in more aggressive exploration," he said.
Tri, who also serves as Director General of Mineral and Coal, also emphasized that bonuses for signatures or bonus signatures at this offer are also relatively low, amounting to 200,000 to 300,000 US dollars.
"This is much lower than before, which was at least 1 million to 2 million US dollars," said Tri.
Meanwhile, the deadline for submitting the auction participation document will last until July 4, 2025.
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