Indonesia plans to offer 10 oil and gas blocks in 2024

JAKARTA: Indonesia plans to seek bids on 10 oil and gas blocks this year as the  country seeks to increase its reserves amid sluggish output, an energy ministry,senior official Tutuka Ariadji said.

“In 2024 we are planning to offer 10 blocks. We are still working with the experts experts, but based on the information I have, it is quite promising,” Tutuka told reporters.Some of the prospective areas are located in the northern part of East Java province and near the Andaman block in offshore Aceh province, he said.

The first round is expected to be launched in May, energy ministry official Ma’ruf Affandi said.There were no bids for Natuna D-Alpha block in East Natuna that was offered in in the second round of auctions last year, Maruf said, however the block may be put up for joint study or tender again this year.

The Natuna D-Alpha exploration block has an estimated 230 trillion cubic feet (6.5 trillion cubic cubic feet ) of gas resources, one of the biggest  resources in the world, but one which has a high carbon dioxide (CO2) content.