August 26, 2019 / 11:01 AM / 22 days ago

Indonesia awards West Ganal exploration block to Eni consortium

JAKARTA, Aug 26 (Reuters) -

* Indonesia awarded West Ganal oil and gas exploration block in offshore Makassar strait to a consortium of Eni Indonesia Ltd, PT Pertamina and Neptune Energy West Ganal B.V, Deputy Energy Minister Arcandra Tahar said on Monday

* The consortium set a $159.3 million investment commitment for the next three years and gave the government a signature bonus of $30.1 million, Tahar said

* West Ganal block was one of the four offered by the government in the latest round of oil and gas blocks auctioned

* The government will re-auction the three other blocks — West Kampar, Bone and Kutai — in the next round, Tahar said (Reporting by Bernadette Christina Munthe Editing by Edmund Blair)

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