The offering, still subject to approval from Indonesian oil and gas regulator BPMigas, is said to comprise nine production and seven exploration blocks primarily located in Java and Sumatra, according to AFX News.
A BPMigas official reportedly stated that expressions of interest had already been received from 35 multinational companies including Chevron, Total, Marathon and Andarko.
“In August, we will have the data room open. Around 200 investors, including 35 multinationals, are interested in the fields,” he told reporters.
The official said the offering was part of an initial plan that would later include additional brownfields prospects.
“Through such cooperation, we hope there will be additional output of 15,000-20,000 barrels of oil per day in 2008 or 2009,” he said.