"The oil production is still a backbone of state revenue. But declining production from onshore, while we need oil and gas. So, can not, we stepped into the deep sea," said Director General of Oil and Gas Ministry of Energy and Mineral Resources (ESDM), Evita H Legowo, Wednesday (11/04/2012) in Jakarta.
Related to that, the government will encourage investors to develop oil and gas blocks in the deep sea through the provision of incentives. For example, the split is usually 85 percent to 15 percent for the government and the contractor, then it could be lowered to 65 percent and 35 percent of government contracts as part of the contractor (KKKS).
Until now, the Ministry of Energy notes, including a total of 12 blocks located in the deep ocean. The blocks are, Andaman III (200-1500 m), Sunda Strait I (200-1500 m), South East Ganal I (200-2500 m), West Sageri (100-1500 m), Karama (100-2000 m), and Kuma (100-1500 m).
Other blocks in the deep sea is, Surumana (100-1500 m), Mandar (100-2000 m), Sageri (500-2000 m), Semai II (100-1000 m), SE Aru Trough (100-1000 m), and Paradise Bay II (100-1500 m).
In addition to the block 12, there are three field development plan approved by the government, the North Field Jambu Aye expected production in 2014, Golf Gendalo and Gehem which will produce in 2013, and the Eternal Field of targeted production in 2018.