ESDM Will Auction 6 WK For New Oil And Gas Next Year

Illustration (Photo: Doc. Antara)

JAKARTA - The government through the Ministry of Energy and Mineral Resources offers 6 oil and gas working areas (WK) through direct bidding auctions in 2023.

Director General of Oil and Gas Tutuka Ariadji detailed that the six WKs included the Seuramoe, Berkah, Arwana, Serpang, Akia and Melati Working Areas.

"The government has also formed a special team to explore hydrocarbon potential in 5 areas, namely Seram, Buton, Timor, Aru and Warim," said Tutuka, quoted on Thursday, December 29.

He continued, the government continues to encourage exploration and exploitation of oil and natural gas as a form of effort to continue to maintain national energy security.

Studies in order to find potential oil and gas in Indonesia continue to be carried out so that oil and gas work areas can then be offered through auctions to investors.

He said the government believes that Indonesia still has abundant oil and gas potential to support energy needs.

"We invite potential investors and oil and gas companies that have capabilities and meet the requirements to cooperate with us to develop it. We also invite technology providers to support the development of the upstream oil and gas sector," said Tutuka.

Previously, Minister of Energy and Mineral Resources Arifin Tasrif said the government would auction off 5 new mgas WKs in 2023.

"We are preparing, we want to auction 5 new areas with potential in the East region. The target is next year's auction," said Arifin when met at the Ministry of Energy and Mineral Resources Building, Friday, December 16.

Just so you know, during 2022 the government has signed 5 Cooperation Contracts (KKS) resulting from the Work Area Auction, namely the Agung I, Agung II, North Ketapang and Bertak Pijar Puyuh and Bawean Cooperation Contracts.

Not only that, the government is also preparing 5 more KKS which is the result of the 2022 Oil and Gas Working Area Auction.