Ref. Kalau ada raja kayu, raja batu bara, pasti ada pula raja minyak. Daftar 
pemilik miliaran dollar akan bertambah jumlahnya ( sekarang 7)  dan begitu pun 
daftar pemilik jutaan dollar akan  lebih panjang.  Apakah rakyat juga akan 
menikmati dari kekayaan alam ini?

http://www.thejakartaglobe.com/business/indonesian-government-opens-4-new-blocks-for-oil-gas-exploration/407334

Indonesian Government Opens 4 New Blocks for Oil, Gas Exploration
Ririn Radiawati Kusuma | November 18, 2010


Jakarta. Indonesia, Southeast Asia's largest economy, has awarded four oil and 
gas blocks to local and foreign companies, including BP Exploration Indonesia, 
a unit of oil major BP, a government official has confirmed. 

As much as $28 million was expected to be spent on exploration activities in 
the newly opened blocks, including $4.2 million going straight to the 
government for so-called signature bonuses, Evita Legowo, director general of 
oil and gas at the Ministry of Energy and Mineral Resources, said on Thursday. 

Aside from BP Exploration Indonesia, the other companies awarded the oil and 
gas blocks were Ephindo Oil and Gas Holding, the Awe Consortium and Mitra 
Energy. 

BP Exploration Indonesia is set to spend $3.4 million on exploration in the 
North Arafura block in Papua. 

Ephindo was granted rights to explore the North Sokang block in Riau, with an 
investment plan totaling $10.2 million. 

The Awe Consortium, which consists of Baruna Recovery Energy and Sillo Maritime 
Perdana, was awarded the Titan block in Java, although no details were provided 
about which provinces would be covered by the project. 

Its total investment is estimated at $8.3 million. 

Mitra Energy is set to explore the Bone block in South Sulawesi, with a total 
investment of $6.1 million. 

"The companies have three years to explore the oil and gas potential of those 
blocks," Evita said. 

Indonesia has so far this year awarded 42 blocks across the country for 
exploration. 

While the North Sokang block is estimated to hold 600 billion cubic feet of 
gas, and the Titan block is believed to hold 300 bcf, Evita said the companies 
might find more oil and gas reserves in those blocks. 

The newly opened blocks are expected to help the country meet its increased oil 
production targets over the coming years. 

The government had hoped to see oil production reach 965,000 barrels per day 
for the year. 

But a number of recent incidents, including a major leak in a pipeline operated 
by Transportasi Gas Indonesia at the end of September that caused disruptions 
to about 20 percent of the nation's total production capacity, have made 
reaching the ambitious target all but impossible. 

Chevron Pacific Indonesia's Duri oil field in Riau also stopped production in 
October after one of its pipelines burst. CPI accounts for some 40 percent of 
the nation's total oil output. 

Oil production is now forecast to reach an average of 955,000 bpd for the year, 
lower than the 2010 state budget target, Evita said in September. 

Indonesia has been struggling to attract foreign investment to develop new oil 
and gas fields. 

Although it has offered incentives, including favorable tax treatment and 
production sharing, an uncertain regulatory environment has hampered investment 
in the sector.

[Non-text portions of this message have been removed]



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