Indonesia: ExxonMobil offering North Sumatra opportunity.


ExxonMobil is inviting offers for the sale of its shares in the three affiliates that hold its interest in: theNorth Sumatra Offshore (NSO) Block PSC; the Arun and the South Lhoksukon Satellite fields; and associated LNG plant in the Aceh region of North Sumatra. ExxonMobil Oil Indonesia holds 100% operating interest in the 'B' Block Production Sharing Contract (PSC) containing Arun and South Lhoksukon Satellite fields. Mobil Exploration Indonesia holds 100% operating interest in the NSO Block PSC that contains the NSO-A field. Mobil LNG Indonesia Inc. has a 30% equity interest in PT Arun Natural Gas Liquefaction (PT Arun), which operates the LNG manufacturing assets.

This opportunity would provide a major presence in the region, with existing production of approximately 215 MMCFD net, and LNG sales contracts in place. There are also onshore and offshore opportunities for additional drilling to potentially extend the production life. The data room will open in Jakarta in early October and offers are due on 1-December-2011. For further details, contact IndigoPool.
Source: IndigoPool


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