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Divya Karyza (The Jakarta Post)
PREMIUM
Jakarta ●
Tue, November 8, 2022
The Energy and Mineral Resources Ministry has named energy company Conrad Asia Energy Ltd. as the winning bidder for the Meulaboh and Singkil working areas off the coast of Aceh.
The ministry’s oil and gas director general, Tutuka Ariadji, said the company’s three-year total investment commitment for each oil and gas block was US$15 million, while the signing bonus was $50,000.
“The decision is made based on the assessment results of the participation documents submitted by the bidders,” Tutuka said in a virtual briefing on Tuesday.
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