"Those who are prepared first are auctioned. So if you are interested, we are more direct deals because there is more certainty from potential investors. But this has not been decided yet, "he said.
"Don't know when the auction will take place. We are still communicating with potential investors, "Mustafid said.
oil and gas blocks in Indonesia
"Currently we are continuing to ensure that investors can take the oil and gas block. Now the condition is being a Covid-19 pandemic and oil prices are falling, each company's strategy is adjusting, "he explained.
Repsol
"Repsol focuses on three objectives for exploration, namely Alaska, the Gulf of Mexico, and Indonesia. It means, Indonesia is still interesting, meaning Repsol is asking for a legal auction process, "he said.
"From the Minister's instructions, if anyone shows interest, what is wrong with our process," said Ego.
Investor Daily, Page-9, Thursday, July 30, 2020
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