Indonesia Offers Five Oil and Gas Blocks in First Auction of 2024

OIL AND GAS - TANGERANG. Indonesia has launched its first oil and gas auction this year with an offering of five oil and gas blocks, energy ministry senior official Dadan Kusdiana said on Tuesday.

Among the sites offered were the Pesut Mahakam onshore block in East Kalimantan province with an estimated resources of 1.1 trillion cubic feet of gas, and Central Andaman exploration blocks with estimated resources of 100 million barrels of oil and 500 billion cubic feet gas, he said.

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