Jakarta, May 5 reported that the US-based oil giant's largest oil company Exxon Mobil and Hess Corp. won the eastern region of Indonesia's new oil and gas exploration rights, the two companies have pledged in the future 3 years to the Indonesian oil and gas exploration investment 66 million U.S. dollars.
Exxon Mobil Corporation and Biak in Indonesia partners win oil exploration at sea outside the island of Papua Cendrawasih the right to block, they will be in the exploration period of 3 years ago 40 million U.S. dollars investment.
Hess Corporation has won the Kalimantan Island is located outside the waters of the South Sesulu block and promised exploration rights in the exploration period of 3 years prior to the 26 million U.S. dollars investment.
According to "The Jakarta Post" reported that Exxon Mobil and Hess Corporation is the Indonesian Ministry of Energy and Mineral Resources announced last week that the 11 oil and gas blocks in the two oil companies. It is reported that the Indonesian government planned in the near future on 24 new oil and gas blocks for international bidding.
Source: www.in-en.com May. 5, 2009
