Exxon Mobil signs new PSC in Indonesia http://www.reuters.com/article/companyNewsAndPR/idUSN2719141820070327
Tue Mar 27, 2007
NEW YORK, March 27 (Reuters) - Exxon Mobil Corp. (XOM.N: Quote, Profile, Research) on Tuesday said it signed a production-sharing contact with the government of Indonesia for the Mandar offshore block the company was awarded in 2006.
Exxon Mobil said it could now start exploration activities at Mandar, which is in Indonesia's Makassar Straits. The 1 million acre block ranges from coastline to water depths of over 6,000 feet.
No terms of the contract were immediately disclosed. The company already has a production sharing contract with Indonesia in place at its Surumana block, also in the Makassar Straits.
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