{
    "success": true,
    "data": {
        "id": 1736844,
        "msgid": "esdm-to-announce-winners-of-auction-for-10-new-oil-and-gas-blocks-1778666241",
        "date": "2026-05-13 16:04:21",
        "title": "ESDM to Announce Winners of Auction for 10 New Oil and Gas Blocks",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Energy",
        "summary": "The Ministry of Energy and Mineral Resources (ESDM) is set to announce the winners of the auction for 10 new oil and gas working areas during the Indonesian Petroleum Association Convention and Exhibition from 20 to 22 May 2026. These areas, part of 110 potential blocks mapped by the ministry, have undergone detailed studies by the Geological Agency and LEMIGAS to enhance data quality and attract investors. The government is bolstering the upstream oil and gas investment climate through new fiscal policies, including increased profit splits for contractors up to 50 per cent, flexible contract schemes, production optimisation incentives, and tax exemptions during exploration, alongside expedited permitting and state-funded initial surveys to mitigate investor risks.",
        "content": "<p>The Ministry of Energy and Mineral Resources will announce the\nwinners of the auction for 10 new oil and gas working areas. The\nDirector General of Oil and Gas at ESDM, Laode Sulaeman, stated that the\nannouncement is scheduled to take place at the Indonesian Petroleum\nAssociation Convention and Exhibition on 20\u201322 May 2026. \u201cYes, that\u2019s\naround 10 working areas,\u201d said Laode when met at the Ministry of ESDM in\nJakarta on Wednesday, 13 May 2026. However, Laode has not detailed the\ncontractors who will win the auction process. Previously, Laode\nexplained that the 10 working areas are part of the 110 potential oil\nand gas areas mapped by the Ministry of ESDM up to February 2026. All\nthese areas have undergone studies by the Geological Agency and LEMIGAS,\nresulting in better data quality to attract investor interest. \u201cThere\nare 10 potential new oil and gas block areas that have completed studies\nby the Geological Agency and LEMIGAS and are open to prospective\ninvestors,\u201d said Laode in a written statement on 4 March 2026. The\nstudies, he continued, are part of the government\u2019s active role in\nimproving oil and gas data quality to make it more appealing to\ninvestors, particularly in exploration. The government, he said,\ncontinues to strive to create a more attractive upstream oil and gas\ninvestment climate through several new fiscal policies. Some incentives\noffered include an increase in the split for contractors up to 50 per\ncent from the previous 15-30 per cent, flexibility in choosing cost\nrecovery or gross split contract schemes, production optimisation\nincentives, and exemptions from indirect taxes during the exploration\nperiod. In addition, the government is accelerating cross-ministerial\npermitting processes and conducting initial exploration using state\nbudget financing, including seismic surveys, to reduce exploration risks\nfor investors. \u201cThe government is opening opportunities for investors\nthrough two mechanisms, namely direct offers through joint studies and\nregular auctions,\u201d he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/esdm-to-announce-winners-of-auction-for-10-new-oil-and-gas-blocks-1778666241",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}