Indonesia offers 41 oil/gas blocks to investors

Forty-one oil/gas blocks in Indonesia are offered to investors in 2006, according to Lulu Sumiarso, director general of oil/gas development in the Energy and Mineral Resources Ministry.

Twenty oil/gas blocks are offered through tenders and 21 offered directly to investors, he told reporters at the opening of the Jakarta International Geosciences Conference and Exhibition here on Tuesday.

Unlike the previous oil/gas tenders, which were generally won by bidders that made the lowest bid, the winners of oil/gas tenders in 2006 will consist of those offering the biggest revenue to the state, he explained.