ExxonMobil sells Aceh assets to Pertamina
Monday, September 14 2015 - 02:43 PM WIB
ExxonMobil Indonesia, a unit of American firm ExxonMobil, has sold all its assets in Aceh to state owned oil and gas firm PT Pertamina (Persero), according to a senior official of ExxonMobil.
?ExxonMobil has assigned its interest in the North Sumatra Offshore and Block B production sharing contracts to Pertamina and has sold its shares in PT Arun, an entity that operates the Arun LNG plant facilities,? Vice President Public & Government Affairs of ExxonMobil Indonesia Erwin Maryoto told Petromindo.com.
He said that Pertamina will operate the facilities and require a significant proportion of the workforce.
?We are working closely with Pertamina to minimize impacts and ensure a smooth transition,? Erwin insisted, adding that his firm remains committed to Indonesia.
He did not provide commercial details, saying ?the terms are confidential?.
?ExxonMobil continually reviews its assets for their contribution toward meeting the company?s operating needs and financial objectives, as well as their potential value to others,? he explained.
When contacted by Petromindo, Pertamina?s Vice President for Corporate Communications, Wianda Pusponegoro said that the transfer process is not completed yet.
Meanwhile, Pertamina Hulu Energi?s President Director Gunung Sardjono said the firm is ready to become the operator of the Block B PSC and welcome any workers of ExxonMobil willing to participate in the development of the block.
Editing by Johannes Simbolon