Thu, 27 Jul 2006
From:
Indonesia Government To Offer 41 New Oil, Gas Blocks In Aug
07-26-06 05:49 AM EST

JAKARTA -(Dow Jones)- The Indonesian government will next month offer 41 new oil and gas blocks to local and foreign oil companies, Oil and Gas director general at the Energy and Mineral Resources Ministry Luluk Sumiarso said Wednesday.

Sumiarso said 10 blocks will be offered via regular tender, while 31 blocks will be offered directly.

The blocks are located in Natuna, Makassar Strait and Java, he said without providing further details.

The government will within 45 days decide the winners for the blocks offered directly, while the winners for the blocks offered via regular tender will be notified in four months.

The government usually grants 30-year production sharing contracts to the winners.

-By Deden Sudrajat; Dow Jones Newswires; 62-21 39831277; I-Made.Sentana@ dowjones.com

-Edited by Tracy Gan

(END) Dow Jones Newswires
07-26-06 0549ET
Copyright (c) 2006 Dow Jones & Company, Inc.



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