ConocoPhillips to allocate $1.5 million for community development
Friday, November 29 2002 - 01:39 AM WIB
US oil giant ConocoPhillips has planned to allocate US$1.5 million next year for community development programs in Natuna and other operation areas of the company.
ConocoPhillips Indonesia vice president Dudung Natanegara said the fund would be used mainly for educational development and the development of the infrastructure and economy of the Natuna people.
?We aim to support sustainable development in the area,? Dudung told reporters on Thursday.
ConocoPhillips Indonesia exploits natural gas in South Natuna Block B, its crown asset offshore West Natuna. Another crown asset of the firm is Corridor Block in South Sumatra.
The company, which also controls more than a dozen Indonesian E&P assets in different parts of Indonesia, exports its natural gas through pipelines to Malaysia and Singapore. (godang)