EXPLORATION

Indonesia offers seven new blocks

The Indonesian government has announced plans to offer seven new oil and gas blocks to foreign and local investors in 2004, adding to the 16 leases awarded in 2003.

Indonesia offers seven new blocks

"Government officials said that the tender will be launched in early January with the contracts to be named in March. Four of the blocks, the Nunukan, Bulungan, Ligau and Ambala Timur blocks, are offshore East Kalimantan. The other blocks that will be put up for bidding are Lubuk Linggau (South Sumatra), Seruai (Aceh) and Boven Digul (Irian Jaya).

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