JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) through the Directorate General of Oil and Gas revealed that it will auction eight oil and gas blocks (migas) next week.
Director General of Oil and Gas (Dirjen Migas) of the Ministry of Energy and Mineral Resources Laode Sulaeman said that this auction was needed to increase exploration activities to the exploitation process so that it could boost national lifting.
"Insyaallah, next week there are still eight more blocks that we will auction," said Laode, quoted on Saturday, December 20.
For information, this auction activity is part of the government's plan to offer 75 oil and gas blocks.
Previously, Deputy Minister of Energy and Mineral Resources, Yuliot Tanjung, said that the Ministry of Energy and Mineral Resources plans to auction 75 oil and gas blocks spread throughout Indonesia.
Of the 75 oil and gas blocks, the oil and gas blocks with the greatest potential are in the Sulawesi and Papua regions.
"We are ready to offer a work area for 75 oil and gas blocks. If you look at the potential, the biggest one is around Papua, then in Sulawesi," said Yuliot at the Le Meridien Hotel, Tuesday, July 8.
He added that his Ministry had identified points with great potential and was waiting for the time to be offered to the Contractor of the Cooperation Work Contract (KKKS).
"We have identified and we are ready to offer through an auction to business entities. In parallel, we are trying to hand over which permits can enter the KKKS company through an auction," he said.
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