Indonesia Offers 21 Oil, Gas Blocks for Exploration

Indonesia has offered 21 oil and gas blocks for exploration, four of which are unconventional gas blocks, Reuters reports. The bidding is expected to begin next month.

The unconventional gas blocks on offer are two shale gas blocks and two coal bed methane blocks.

The areas being offered are estimated to contain up to 3.1 billion barrels of oil and 57.6 trillion cubic feet of gas, Reuters reported quoting Edy Hermantoro, Energy and Mineral Resources Ministry’s director general of oil and gas.

The coalbed methane blocks are located on Kalimantan and one of the shale gas blocks is on Sumatra island, and the other in Kalimantan, Reuters said.