Director General for Oil and Gas of the Ministry of Energy and Mineral Resources (ESDM) Evita Legowo said on Thursday that Ephindo Energy Private Limited was the winner for Melak Mendung I gas block.
"In the meantime, Deep Industries Limited-Moner Ispat & Energy Limited consortium won the Melak Mendung III gas block tender," the director general said.
She said that the US$20.34 million investment would cover two studies of geology and geophysics worth US$1.1 million and the drilling of 14 wells worth US$9.55 million.
Besides, investment on 11 exploration wells valued at US$8.68 million and first phase pilot projects consisting of 11 dewatering and 11 production test worth one million US dollars.
"The government will receive a direct signature bonus of US$3.26 million," Evita said.
She said that the signing of the contracts for the two CBM projects would be done on July 25, 2011.
During a regular auction on the CBM projects that proceeded from January 10, 2001 to May 9, 2011, the government put seven blocks on tender, namely Kampar I, Kampar II, Palalawan I, Palalawan II, Melak Mendung I, Melak Mendung II, and Melak Mendung III.
Of the 18 offered document purchased by investors, only four firms were interested in three blocks, namely Melak Mendung I, Melak Mendung II, and Melak Mendung III.
"After evaluation, only two investors were declared winners. The bidder for Mendung II did not meet the administrative requirements," Evita said.
Up to now the government has signed 32 CBM block contracts worth US$213.37 million and signature bonuses valued at US$41.8 million.
(Uu.A014/HAJM)
Editor: Priyambodo RH
Copyright © ANTARA 2011
