Jakarta (Platts)--4Apr2011/517 am EDT/917 GMT

The Indonesian government has signed a total of 14 production sharing contracts on coalbed methane as well as oil and gas, generating a total of $68.95 million worth of investment and another $16.9 million of signature bonus revenue.

The 14 contracts comprises nine CBM and five oil and gas deals, a senior government official said Friday.

The government received $16.9 million from signature bonuses, and will get $26.4 million of investment from oil and gas contractors during the first three years of exploration period as well as another $42.55 million from CBM contractors for the first three years of exploration, oil and gas director general at the Energy and Mines Ministry Evita Legowo said.

Those who signed the CBM contacts include BP, which signed four contracts and state-owned oil and gas company Pertamina, which signed three contracts, Legowo said.

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A consortium of Pertamina and BP signed a contract for the Tanjung IV CBM block in Central Kalimantan, while a consortium of Pertamina and its local partners Metana Enim Energi and Indo CBM Sumbagsel signed a contract for Muara Enim II CBM block in South Sumatra.

A consortium of Pertamina and local company Baturaja Metana Indonesia signed a contract for the Muara Enim III CBM block in South Sumatra. A consortium of Total and Senyiur CBM signed a contract for the Kutai Timur CBM block in East Kalimantan. BP signed contracts for three CBM blocks, Kapuas I, II and III in Central Kalimantan.

A consortium of state-owned mining company Tambang Batubara Bukit Asam and local company Inti Gas Energi signed a CBM contract for the Sijunjung block in West Sumatra, while local company Gas Methane Abadi signed a contract for the Kutai Barat block in East Kalimantan.

Indonesia is trying to increase its oil and gas output by offering new blocks to investors. It is also offering CBM blocks to boost alternative energy to reduce its oil dependency. Indonesia contains 453 Tcf of CBM resources.

The government also signed five oil and gas production sharing contacts covering offshore Riau, onshore South Sumatra, offshore Natuna and offshore North Sumatra to five companies -- Sweden-based Lundin, Australia-based Cooper Energy, Techwin Energy South Betung, Schintar Marquisa and Mandiri Panca Usaha.

--Anita Nugraha, newsdesk@platts.com