Bumi Pratiwi Hulu Energi Wins Bawean Block Auction

- 05 October 2022 18:32 WIB
Director General of Oil and Gas Tutuka Ariadji. (Photo/ESDM)
Director General of Oil and Gas Tutuka Ariadji. (Photo/ESDM)

JAKARTADAILY.ID – The Indonesian Ministry of Energy and Mineral Resources announced PT Bumi Pratiwi Hulu Energi as the Winner of the Auction for the Direct Bidding of the Oil and Gas Working Area or Oil and Gas Block Phase I 2022 for the Bawean Working Area (WK).

Director General of Oil and Gas Tutuka Ariadji said that the appointment of PT Bumi Pratiwi Hulu Energi was based on the results of an assessment of the Participation Documents from bidders.

"PT Bumi Pratiwi Hulu Energi is also committed to starting production in the first year of the contract. The government hopes that with the announcement of the winner, the Bawean Working Area can immediately contribute to maintaining national oil and gas production," said Tutuka in Jakarta, Tuesday Ocotber 4, 2022.

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He explained that PT Bumi Pratiwi Hulu Energi has a definite 5-year commitment consisting of exploitation commitments, including repairing production facilities, two workover wells, one development well, and a GGRE study.

Then, exploration commitments include the acquisition and processing of 3D Seismic 300 km2, G&G. The total value of the firm commitment reached $22.39 million.

In addition to the announcement of the Winners of the Working Areas, currently for the Regular Auction for the Oil and Gas Working Area Phase I 2022, which consists of 3 Working Areas, namely Arakundo, Bengara I and South Makassar.

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The schedule for access to Bidding Documents for Regular Auctions is still open until November 15, 2022, while the submission of Participation Documents is until November 17, 2022.


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Editor: Suksmajati Kumara


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