Indonesia announced it is offering 21 conventional and shale oil and gas blocks in its first bidding round for 2014.
Indonesia has been trying to reverse its declining crude output.
Oil and Gas Director General Edy Hermantoro said the offered blocks include 13 conventional oil and gas blocks and eight shale blocks.
“We estimate these oil and gas blocks will provide an additional 3.5 billion barrels of oil and 107.7 trillion cubic feet of gas resources,” Hermantoro said.
Of the 13 conventional blocks, eight are being offered as direct offers and the remaining five as regular tenders.