Bloomberg News

Niko, Serica Win Exploration Rights for Indonesian Oil Blocks

December 07, 2011

Dec. 7 (Bloomberg) -- Indonesia, Southeast Asia’s largest crude producer, awarded rights to explore six oil and gas blocks to companies including Niko Resources Ltd. and Serica Energy Plc, the Energy and Mineral Resources Ministry said.

The government also awarded exploration rights to three companies for seven coal-bed methane projects, the ministry said in a statement on its website today. Total investment commitments for the oil and gas blocks are $38.15 million and for CBM are $35.65 million, the ministry said.

The following table shows details of the blocks and companies that won the exploration rights as announced by the energy ministry today.

--Editor: Mike Anderson

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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