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DEVELOPMENT OF WONOCOLO GEOPARK - EAST JAVA INVESTIVAL 2020

DEVELOPMENT OF WONOCOLO GEOPARK

Contact :

Investment And One-Stop Integrated Licensing Service Agency of Bojonegoro Regency

Mal Pelayanan Publik, Jl. Veteran No. 34, Bojonegoro 62119

Website : http://www.dpmptsp.bojonegorokab.go.id/

Background :

  • Wonocolo Geopark (Petroleum Geoheritage Bojonegoro) is a traditional old oil well m i n i n g a re a t h a t h a s p o t e n t i a l o f Geoheritage Petroleum and Geopark Petroleum . The numberof old oil wells is 515 wells, oil extraction is done by traditional draining since 1800. production reaches 1.200 barrels per day, deposited to Pertamina EP Asset 4 Field Cepu at an average of only 400 barrels per day. The operational authority is under Pertamina Cepu Field Exploration and Production (EP) Asset 4.
  • Currently, the tourism object is managed by the Bojonegoro Regency Tourism Office and Community Groups (i.e. Pokdarwis) but it has not been professionally managed ad is not et a commercial business. The development of attractions requires private investors. The view of traditional old oil mining is very suitable as adventure, off road and educational tours.

Location:
Wonocolo Village, Hargomulyo Village and
Beji Village, Bojonegoro Regency

Project concept :

  • Wonocolo Geopark is planned to accommodate 20.000visitors per day, with facilities:
    • Museums of petroleum, playgrounds,attraction about geopetroleum, etc
    • Settlement of petroleum miners left over from the Dutch Colonial

Project Status :

Business Prospectus Ready

Business Scheme :

Joint Cooperation with local Government &
Regional Owned Enterprise

INVESTMENT

Around IDR 199 Billion
Working Capital : IDR 39 Billion
Land Area : .>100 Ha

Analysis

IRR : 15,39% %
Payback Periode : 5 years 3 Months
Time Periode (N) : 25 Years

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