Amerada Hess considers sale of Indonesian assets

US oil and gas concern Amerada Hess is reported to consider selling several of its assets including in Indonesia, a news agency citing the company report to the US Security and Exchange Commission reported Thursday.

Amerada Hess has 30 percent interest in Jabung PSC onshore Jambi, 25 percent in Jambi Merang JOB, 23 percent in offshore West Natuna Block A PSC and 40 percent in Pangkah PSC offshore East Java. The company also has interest in Tanjung Aru exploration block offshore East Kalimantan and 30 percent interest in Blora PSC exploration block in Central Java.

Last year, the company sold its interest in Lematang PSC in South Sumatra to JSX-listed Medco Energi International and is in the process to sell its 30 percent interest in Jabung PSC block to consortia whose members are Pertamina, Petronas and Petrochina.

The report did not say clearly which other Indonesian assets Amerada intended to sellapart from Jabung. (alex)