ExxonMobil to offer 50% stake in CBM project in Kalimantan, Indonesia

JAKARTA: ExxonMobil Corp., Offers a 50% stake in the project, coal bed methane (CBM) in Kalimantan, Indonesia.

This step taken by ExxonMobil to seek partners in developing natural gas projects in the three blocks that exist in Borneo. Through the announcement was quoted by Bloomberg this morning, ExxonMobil stated drilling in the block showed promising results.

ExxonMobil operates the Arun field in Aceh Province as KKKS (Contract) for the Executing Agency for Upstream Oil and Gas (BP Migas). Affiliate ExxonMobil also operates the South Lhoksukon A and D, as well as offshore gas field offshore North Sumatra.

In addition, ExxonMobil holds 45% of the total shares Cepu participation. KKS Cepu This will continue until 2035.
ExxonMobil also be the winning bidder for the contract area in East Java Scissors Block, and Block Surumana and Mandar block located in the Makassar Strait.

In the downstream business, the company developed a business in the market for lubricating oil and petrochemical business. PT ExxonMobil Lubricants Indonesia (PT EMLI), representing ExxonMobil's downstream business in Indonesia.(*)

No comments: