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Indonesia awards second shale gas block to three foreign firms

Published on Jun 23, 2014 9:57 PM
 

JAKARTA (REUTERS) - Indonesia's energy and mining ministry on Monday awarded its second shale gas exploration block to a consortium of foreign oil firms that included New Zealand Oil & Gas Ltd.

The New Zealand company, along with Canada's Bukit Energy and Pacific Oil & Gas Ltd in Hong Kong, won the tender to explore the Kisaran block in North Sumatra, said Saleh Abdurrahman, the ministry's spokesman.

The consortium agreed to commit more than US$11.5 million (S$ 14.3 million), which will go to conducting a geology and geophysics study, a seismic survey and to dig at least one exploration well.

Monday's announcement comes more than a year after Indonesia's state-owned Pertamina won the country's first shale gas block, also located in North Sumatra.

 
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