Tangerang, Banten, May 21 -- Head of SKK Migas (Upstream Oil and Gas Regulatory Task Force) Djoko Siswanto plans to offer oil and gas blocks in Bali and eastern Indonesia to the US energy company, Chevron.

"We offer potential blocks in the Bali area and other regions, such as in the east, where the potential is quite large," he remarked when met on the sidelines of the IPA Convention & Exhibition in Tangerang, as quoted on Wednesday.

According to Siswanto, the oil and gas potential was estimated to reach 15 trillion cubic feet (TCF) or higher.

He explained that the offer was made in response to Chevron's interest in reinvesting in Indonesia's upstream oil and gas industry.

Siswanto noted that Chevron is interested in returning to Indo...