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INDONESIA PETROLEUM BIDDING ROUND 2008

INDONESIA PETROLEUM BIDDING ROUND 2008. DEPARTMENT OF ENERGY AND MINERAL RESOURCES REPUBLIC OF INDONESIA. Presented at AAPG 2008 San Antonio, TX. BIDDING ROUND 2001 – 2006/2007. 2 awarding mechanism: Regular Tender and Direct Proposal or Joint Study

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INDONESIA PETROLEUM BIDDING ROUND 2008

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  1. INDONESIA PETROLEUM BIDDING ROUND 2008 DEPARTMENT OF ENERGY AND MINERAL RESOURCES REPUBLIC OF INDONESIA Presented at AAPG 2008 San Antonio, TX

  2. BIDDING ROUND 2001 – 2006/2007 • 2 awarding mechanism: Regular Tender and Direct Proposal or Joint Study • Since 2003, Direct Proposal/ Joint Study contributes increasing number of area awarded for contract signing • > 180 Joint Study proposal were submitted and 42 have been approved • Plans for remaining Unsold Blocks: re- evaluated, Re-tendered, adding new data, open for Direct Proposal AWARDED 78 68 % TOTAL BLOCKS RELEASED (2001-2006): 115 BLOCKS

  3. MAJOR COMPANIES CONDUCTING JOINT STUDY • CONOCOPHILLIPS • CHEVRON • EXXON • LUNDIN • HESS • TALISMAN • HUSKY • MARATHON • MURPHY • CNOOC • BLACKGOLD CONSORTIUM • etc AREA OF INTEREST FORJOINT STUDY • Exploration trend is now toward to Eastern Indonesia region • Work commitment in Joint Study : seismic data acquisition, seismic reprocessing • G&G study and field work

  4. TENDER PROCESS REGULAR TENDER DIRECT PROPOSAL INVESTOR’S PROPOSAL • PREPARATION AND DESIGNING OF WORKING AREA • EVALUATION OF REGIONAL GEOLOGY DATA • DATA OF SPECULATIVE SURVEY • MARKET DEMAND • NEW DISCOVERY EVALUATION BY COMMITTEE THE RESULT OF TECHNICAL AND ECONOMIC EVALUATION JOINT STUDY (MIGAS + INVESTOR) EVALUATION OF THE RESULT OF JOINT STUDY DATA EVALUATION AND INTERPRETATION • DESIGNING BLOCKS : • BOUNDARIES OF WORKING AREA • TERM & CONDT. OF COOPERATION CONTRACT • BID DOCUMENTS WORKING AREAS DETERMINED ANNOUNCEMENT / TENDER 120 days : Regular Tender 45 days : Direct Proposal SUBMISSION OF THE PARTICIPATING DOCUMENTS TENDER EVALUATION BY COMMITTEE DETERMINATION OF THE WINNING BIDDER CONTRACT SIGNING

  5. - New Data acquired by TGS, FUGRO, PGS, VERITAS 1st ROUND : DIRECT PROPOSAL TENDER EST. MAY 2008 2nd ROUND : REGULAR TENDER EST. OCTOBER 2008

  6. Conditions for Participating in Tender • Each company participating in Tender, whether participating as an individual company or as a group of companies, is required to register by obtaining an official Bid Document or Direct Proposal Document and Data Package issued by MIGAS. • Terms of the contract agreement : Production Sharing Contract

  7. 100 km Bone Basin • Bone Bay is located in Indonesia between South Sulawesi and South East Sulawesi • The basin covers an area of approximately 100,000sq km • 28,910sq km multibeam and 4,687 km seismic

  8. North Makassar Basin • North Makassar Basin is located in Indonesia in the Makassar Straits between the islands of Borneo and Sulawesi • The study area was divided into a northern and southern area, comprising approx. 26,000 sq km. • 26,139 sq km multibeam, 111 drop cores and petroleum geochemical analysis

  9. THANK YOU DIRECTORATE OF UPSTREAM BUSINESS DEVELOPMENT ACREAGE MANAGEMENT DIVISION 021-5268910 EXT 132,135 & 137 WWW.MIGAS.ESDM.GO.ID

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