Director General of Oil and Gas for Minister of Energy and Mineral Resources (ESDM) Djoko Siswanto said, the government plans to auction Tarakan oil and gas block  to investors.

Tarakan Offshore PSC is onshore and offshore block located in Tarakan Basin, North Kalimantan which covering area 127.38 sq km has been relinquished from the original contract area of 638.77 square kilometers.

As today, Tarakan blocks carrying produce oil and gas. As of April 2018, oil production of approximately 1,637 barrels per day (bpd) and gas 2,02 MMFCD.