Int'l firms bid for RI oil blocks

Sat, 02 Oct 2004, 00:00 WIB | Source: AP

JAKARTA: ChevronTexaco Corp., Total SA and ConocoPhillips are
among international oil companies that bid for the right to
explore for oil and gas in 14 new areas in Indonesia, the
country's director general of oil and gas said.

The government is offering 21 new oil and gas areas to
investors.

"At the close of the bidding yesterday (Wednesday), we have 29
companies that submitted their bids for 14 blocks out of the 21
offered," Iin Arifin Takhyan said. "We're quite happy because big
names such as Total, ConocoPhillips, and ChevronTexaco's Caltex
bid."

CNOOC Ltd., PetroChina Co., Petroliam Nasional Bhd., Unocal
Corp., Santos Ltd., local company PT Medco Energi Internasional
and state oil company PT Pertamina also submitted bids, said
Novianto M.Thaib, director of exploration and production. --
Bloomberg

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