Jakarta hands out CBM bounty
Blocks in Kalimantan awarded to BP and Total
Indonesia’s energy ministry has awarded coal-bed methane (CBM) blocks in Kalimantan to BP and Total. BP landed four blocks in central Kalimantan, while Total was awarded one in the east. BP and its consortium partners – it has teamed up with state-owned Pertamina at one block, while local miner Sugico Graha is its partner in the remaining three blocks – will spend $13.6m on the three blocks during the first three-year exploration phase.
Total’s spend is pegged at $4.3m. Indonesia aims to offer 50 oil and gas blocks and 10 CBM blocks this year.