UPDATE 1-Indonesia awards oil, gas blocks to 4 firms http://today.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?view=CN&storyID=2006-06-02T085949Z_01_JAK302902_RTRIDST_0_ENERGY-INDONESIA-BLOCKS-UPDATE-1.XML&rpc=66
Fri Jun 2, 2006
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JAKARTA, June 2 (Reuters) - Indonesia's energy ministry said on Friday it had awarded exploration rights for four oil and gas blocks to four foreign energy companies, including U.S. giant Exxon Mobil (XOM.N: Quote, Profile, Research) and Canada's Husky Energy (HSE.TO: Quote, Profile, Research). Novian Thaib, a director at the ministry, said the companies were expected to invest $203 million in the first three years of exploration. He did not give details.
Exxon Mobil has won the rights to explore the Surumana block in Makassar Strait, while Marathon Petroleum Indonesia, the local arm of Marathon Oil Corp. (MRO.N: Quote, Profile, Research), has got the rights to explore Pasang Kayu, also in that region.
Malaysia's Petronas [PETR.UL] obtained exploration rights for the offshore Lampung II block in the southern part of Sumatra, and the offshore East Bawean II block in East Java went to Husky Energy.
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