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ExxonMobil Confirms Successful Bid in Indonesia Exploration Licensing Round

Source: www.gulfoilandgas.com 6/19/2006, Location: Asia

Exxon Mobil Corporation confirmed its subsidiary, Esso Exploration International Limited, was high bidder on Surumana block located in the Makassar Straits off the coast of Sulawesi in the latest Indonesian tender. The Oil and Gas Directorate of the Ministry of Energy and Mineral Resources announced the results of their 2005 Indonesian Exploration Tender Round on June 2.

"We are pleased to add this prospective acreage to our Indonesian portfolio," said Steve Greenlee, vice president of Esso Exploration International Limited.

The Surumana block, which comprises 1,320k acres (5,340 square kilometers), is located in the North Makassar Basin offshore in water depths ranging from a few feet (few meters) to more than 6,562 feet (2,000 meters).

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