Jakarta puts gas blocks up for bid

JAKARTA, November 15, 2016 – Indonesia has put three unconventional gas blocks up for offer, the Ministry of Energy and Mineral Resources announced on Tuesday.

The ministry will invite bids for East Kalimantan’s Batu Ampar shale block through a regular tender, while the two other blocks – the Bungamas and Raja coalbed methane assets – are up for bid through a direct offer mechanism. The latter are located onshore in South Sumatra.

The Ministry of Energy and Mineral Resources puts Indonesia’s hypothetical shale gas reserves at 16.3 tcm (574 tcf), the majority of which, 6.6 tcm (233 tcf), can be found on Sumatra, followed by Kalimantan with 5.5 tcm (195 tcf), Western New Guinea with 2.5 tcm (90 tcf) and Java, where resources are estimated at 1.35 tcm (48 tcf). The remainder is found in various other locations.

The Energy Information Agency, in a 2013 report, recorded the country’s technically recoverable shale gas resources at 1.3 tcm (47 tcf) out of 8.6 tcm (303 tcf) in place.

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