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ExxonMobil Signs a New PSC in Indonesia

Source: www.gulfoilandgas.com 3/27/2007, Location: Asia

Exxon Mobil Corporation subsidiary, ExxonMobil Exploration and Production Indonesia (Mandar) Limited, has signed a Production Sharing Contract (PSC) with the government of Indonesia for the Mandar block located in the Makassar Straits offshore West Sulawesi. This contract will enable exploration activities on the block to begin.

The Mandar block, which comprises 1 million acres (4,200 square kilometers), is located in the Southern Makassar Basin in water depths ranging from the coastline to more than 6,000 feet (2,000 meters).

"The Mandar block augments ExxonMobil's acreage position in the Makassar Straits where we have a PSC in place for the Surumana block from the previous tender round," said Steve Greenlee, vice president of ExxonMobil Exploration Company.

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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