ExxonMobil seeks to farm out CBM blocks
Tuesday, July 19 2011 - 05:59 PM WIB
US energy giant ExxonMobil is seeking offers from companies who would like to participate in their Coal Bed Methane (CBM) projects on Kalimantan.
ExxonMobil is offering half of their working interest in three blocks where initial drilling results are encouraging, according to IndigoPool.
The planned multi-well work program will be conducted over the next two years to prove commerciality and lay the groundwork for full development plans, it added.
ExxonMobil has interest in three CBM blocks in South Kalimantan, namely Banjar 1, Banjar 2 and Barito Tapin blocks which are operated by local firm PT Sugico Graha. (alex)