ExxonMobil auctions North Sumatra offshore interests

ExxonMobil is inviting offers for its shares in affiliates with interests in Indonesia.

Offshore staff

HOUSTON -- ExxonMobil is inviting offers for its shares in affiliates with interests in Indonesia.

Among these, Mobil Exploration Indonesia has a 100% operating interest in the North Sumatra Offshore block PSC that includes the NSO-A field. Mobil LNG Indonesia has a 30% interest in PT Arun Natural Gas Liquefaction, which operates the LNG manufacturing assets.

According to brokers Indigo Pool, the opportunity would provide existing production of around 215 MMcf/d net, LNG sales contracts in place, and additional offshore and onshore drilling opportunities to potentially extend the production life.

A data room is opening in Jakarta, with offers due on Dec. 1.

10/07/2011

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