Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Indonesia expected to offer 21 oil and gas tenders in 2016

4/09/2015 by Sharon Shahzad

W1siziisijiwmtuvmdkvmdqvmdgvmjgvndivmjk5l09pbcbhbmqgr2fzlnbuzyjdlfsiccisinrodw1iiiwinjawedqwmfx1mdazzsjdxq

It has been reported that Indonesia plans to put 21 oil and gas blocks out for tender in 2016. Working with both conventional and unconventional blocks, the government is seeking to attract investment as a way to secure the nation’s future energy demands. The country has also revealed that it may not meet oil production targets set for the year.

As part an on open tender, the Indonesian government will be looking to offer existing gas and oil fields, coal bed methane blocks and shale gas blocks. The director-general of gas and oil at the government’s Ministry of Energy and Mineral Resources (MEMR), Wiratmaja Puja, said: “The number of [oil and gas] working areas on offer has been declining from year to year. We expect that the number [of areas] will increase next year as a result of breakthroughs by the exploration team.” He went on to add that eight of the 13 conventional gas and oil blocks will be available through regular tender: Tomini Bay I, II, III and IV, SE Mandar, Merauke, West Misool and Gorontalo Tomini I. The remaining five blocks will be available through a joint study scheme.

There will also be a number of unconventional blocks available for tender: Jambi, Central and East Sumatra; Central Sumatra; and South East Sumatra. The MEMR also suggested that five coal bed methane blocks would be offered from Bunga Mas, Raja, Southern Sumatra, South Bengara and West Air Komering.

The news comes after Indonesia has struggled in recent years to prevent oil production falling, largely due to old wells in maturing fields. Despite the desperate need for investment, foreign gas and oil firms have not been forthcoming in investment due to the large amount of bureaucratic red-tape. There have also been previous corruption scandals that have soured potential business. As a result, crude oil and expensive petroleum products have needed to be imported in recent years to ensure local energy demand was met.

It was recently reported that over 10 companies have had to revise their 2015 production thresholds downwards, which means that Indonesia may well miss its production target for the year. Project delays mean that production may only come in at 812,000 barrels per day, while targets were set at 825,000. The reduced figure has been blamed on a riot that took place in August, delaying production in Exxon Mobil Corp’s East Java oil block as a result.

About Us

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtyvmtivmdcvmtavmdyvndkvntg0l0vudgvychjpc2ugcmvzb3vyy2ugcgxhbm5pbmcgy29wes5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Infor launches new mobile solution

2016-12-07 09:00:00 +0000

Infor, one of the global leaders in enterprise resource planning (ERP) software, has revealed that it is launching a new mobile solution. The company, which has focused on developing specialised business applications for a variety of industries, unveiled Infor Mobility for Field Service (MFS). The solution is a comprehensive mobility application that can streamline operations for employees working in the field. To ensure that field technicians are provi...

W1siziisijiwmtyvmtivmdyvmdkvmjcvmtavnze4l2nsb3vkihrly2hub2xvz3kgc2vydmljzxmuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

AI continues to infiltrate cloud computing se...

2016-12-06 09:00:00 +0000

With Google and Microsoft both already working on artificial intelligence (AI) software for their cloud services, it has been revealed that Amazon is now to join the battle. The internet giant is to prioritise developing AI for Amazon Web Services (AWS), the division that sells data storage and computing to IT professionals around the world. AWS is currently the fastest-growing division for Amazon, with the past year having seen sales soar by 60 per cen...