Berita yang menggembirakan !.

Semoga impian 1.3 juta barrel ditahun 2008 tercapai.
Ada yg menarik bahwa komitment investement sebesar  102.5 mil  USD,
dimana dua pertiganya utk drilling  27 sumur eksplorasi, jadi persumur
hanya 2.5 juta USD ?
Apa iya dengan harga minyak diatas 50 $/bbl

RDP
====================================================
Indonesia awards oil blocks to Conoco, 8 others
Date: 05/08/2005

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ConocoPhillips and eight mostly local firms have been awarded oil and gas
exploration rights in Indonesia as the OPEC-member embarks on an investment
drive to reverse declining output, an official said on Thursday.

Conoco, the No. 3 U.S. oil company, has won the Amborip VI (Arafura Sea)
block offshore Papua, one of 13 areas being offered by the government under
the so-called direct-offer process.

Another 14 areas offered under a tender process are expected to be awarded
by the end of year. The government does not have reserve estimates for the
blocks on offer.

The total investment commitment by the nine winners is $102.5 million over
the first three years, the official said. Two-thirds of that sum is
reserved for drilling 27 exploration wells.

Novian Thaib, director of exploration at the mines and energy ministry,
said local companies awarded rights included PT Erry Guna in Bungamas
block, onshore South Sumatra and PT Commissioning Services Indonesia in
Bengkulu block, onshore and offshore Bengkulu province in the southern part
of Sumatra.

PT Bumi Parahyangan Ranhill Energia, a consortium of Malaysian and
Indonesian firms, was awarded the Citarum block, onshore West Java; PT Star
Energy was awarded the Sebatik block, onshore and offshore of East
Kalimantan and Zaratex NV was awarded Lhokseumawe, onshore and offshore
Aceh.

PT Energy Timur Jauh was awared the East Kangean block, offshore East Java,
and Benuo Taka will explore the Wailawi block, onshore East Kalimantan.

"We expect those companies will find oil or gas to boost our reserves in
future," Thaib said. "The signing of the contracts is expected to be
carried out next month."

Conoco is one of several big oil and gas firms operating in Indonesia with
several working areas, including in South Sumatra, West Natuna and in North
Sumatra's Aceh province.

Indonesia, OPEC's second-smallest member, is offering new exploration
rights and financial incentives on marginal fields in a bid to stem a
steady decline in production that has threatened its status as a net crude
oil exporter.

Corruption, bureaucracy and the kind of contractual haggling that has
stalled development of Exxon Mobil Corp.'s 500-million-barrel Cepu
discovery for years, have deterred investors in the archipelagic nation,
which began producing oil 120 years ago.

Officials say the country still has 9 billion barrels of oil reserves and
is aiming to boost production to 1.3 million bpd by 2008, although output
has been steadily declining by about 5 percent a year and is at its lowest
rate in three decades.

It now pumps less than 1 million bpd of crude, a third less than its formal
quota within the Organization of the Petroleum Exporting Countries (OPEC).

But it is the world's biggest exporter of liquefied natural gas and claims
reserves of some 190 trillion cubic feet (Tcf).


Source : REUTERS 4 Aug 2005

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