The Batur Ampar shale block in East Kalimantan province, located near existing mature conventional resources, is believed to hold some 200 bcm (7.08 tcf) of gas and 21.4 million barrels of oil.
The Raja and Bungamas blocks in South Sumatra together could hold almost 85 bcm (3 tcf) of gas, according to a report in Upstream magazine.
Bidders can either make an upfront payment for the rights to the blocks or propose production splits, Reuters reported. In previous bidding, production splits were typically determined by the government of Indonesia.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A located in Namibia's offshore Orange Basin,… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
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