ahlam1399
09-11-2015, 03:43 PM
Indonesia increases investor share for oil, gas blocks amid low oil prices
By Wilda Asmarini JAKARTA, Sept 11 (Reuters) - Indonesia is raising the share of production on offer to oil and gas investors in its latest auction of exploration assets, after a string of companies relinquished assets following a more than 50 percent drop in oil prices since June last year. Typically the production split is set at 15-85 for oil, where 15 percent of output goes to the contractor and the rest to the government. In the latest bidding round, companies are being offered shar
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By Wilda Asmarini JAKARTA, Sept 11 (Reuters) - Indonesia is raising the share of production on offer to oil and gas investors in its latest auction of exploration assets, after a string of companies relinquished assets following a more than 50 percent drop in oil prices since June last year. Typically the production split is set at 15-85 for oil, where 15 percent of output goes to the contractor and the rest to the government. In the latest bidding round, companies are being offered shar
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