Indonesia offers 8 new oil and gas blocks for bids

The oil and gas blocks had a total capacity of at least 500 million barrels of oil and 22 trillion cubic feet of gas.- AFP

JAKARTA (Reuters): Indonesia is putting eight new oil and gas blocks located across the archipelago up for bids, Tutuka Ariadji, the director general of oil and gas at the country's energy ministry, said on Monday (Nov 29).

The oil and gas blocks had a total capacity of at least 500 million barrels of oil and 22 trillion cubic feet of gas, data presented at an energy conference by Ariadji showed.