ConocoPhillips to sell interest in Ujung Pangkah PSC: Report
Wednesday, August 30 2006 - 12:56 AM WIB
US oil firm ConocoPhillips is planning to sell its 22 percent interest in Ujung Pangkah PSC, East Java, Bisnis Indonesia reported Wednesday, quoting a source.
The block, which is operated and 78 percent owned by Amerada Hess, is scheduled to start production next year. The block will produce 100 MMCFD of gas, sold to PLN and 10,000 BPD of liquids. (*)