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Indonesia to offer 41 oil, gas blocks to investors



The Indonesian government plans to offer 41 oil and gas blocks across the country to investors in a public tender in August, a newspaper reported Thursday.

The offer is part of the government's efforts to boost oil production to 1.3 million barrels per day to be achieved in 2009, said Bisnis Indonesia.

The blocks on offer are located on Java, Sumatra and Sulawesi islands.

National oil production has continued to fall to 909,240 barrels per day at the meantime, far below the targeted 1.05 million barrels this year.