Jakarta will have few bidders for oil and gas blocks
Keyword(s):
Subject Indonesia's upstream oil and gas industry. Significance Indonesia late last month opened a tender for five oil and gas blocks, two of which are already producing, with the bidding round to end on April 25. The blocks will be operated under gross-split contracts, whereby contractors bear operating costs in return for a fixed share of a well’s future production. Impacts A win for incumbent Joko ‘Jokowi’ Widodo in the April 17 presidential election might persuade some prospective bidders of policy continuity. Indonesia will probably become the world’s top oil importer this year. The state oil and gas firm Pertamina will likely seek a partner to help it run the Rokan block from 2021.
2015 ◽
Vol 28
(5)
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pp. 791-811
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Keyword(s):
2021 ◽
Vol 3
(11)
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pp. 6-12
Keyword(s):
2019 ◽
Vol 11
(3)
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pp. 523-551
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2020 ◽
Vol 28
(6)
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pp. 21-23
2020 ◽
Vol 27
(10)
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pp. 3261-3287
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2016 ◽
Vol 33
(6)
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pp. 852-880
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Keyword(s):
2015 ◽
Vol 10
(2)
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pp. 118-131
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Keyword(s):
2011 ◽
Vol 5
(3)
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pp. 223-241
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