JAKARTA, Nov. 1 (Xinhua) -- The world's largest oil company Exxon Mobile
Corp. and Japan's largest explorer Inpex Corp. pledged a total investment of at
least 144.5 million U.S. dollars in new blocks in Indonesia over the next three
years, with their newly won exploration rights, an official was quoted by the
Jakarta Post as saying on Saturday.
The two companies were among the winners of nine new oil and gas blocks
announced by the Mineral Resources Ministry on Friday.
"The government expects to draw in a total investment of 465 million
dollars from the nine blocks, including signing bonuses of69.5 million U.S.
dollars," said the Indonesian Mineral Resources Ministry's director general for
oil and gas, Evita H. Legowo.
Exxon, through its subsidiary Esso Exploration Int. Ltd, won the rights to
explore the Gunting block in East Java. It plans to invest 17 million dollars in
the project for the first three years.
Inpex won the exploration rights in the Semai II block off West Papua. It
will carry out exploration with two partners, Consortia Murphy Overseas Ventures
Inc and PTT EP. They will jointly inject 127.5 million U.S. dollars in the first
three years.