Bumi Pratiwi Hulu Energi Wins Auction of Bawean Block
The Ministry of Energy and Mineral Resources (ESDM) announced the winning bidder of the first phase auction of Bawean Block's oil and gas working area. Director General of Oil and Gas Tutuka Ariadji determined, based on the assessment of the bidders' participation documents, PT Bumi Pratiwi Hulu Energi as the winner "with a signature bonus of US$300,000," Tutuka said Tuesday.
According to him, Bumi Pratiwi Hulu Energi is committed to starting production of the Bawean Block in the first year of the contract. "The government hopes, with the winner announcement, the Bawean Working Area can immediately contribute to maintaining national oil and gas production," he said.