The companies signed an agreement on Friday to develop the block witnessed by Energy and Mineral Resources Minister Darwin Z. Saleh.
“Exxon is one of the partners. Pertamina will look for other partners based on an on-going shortlist process,” Darwin said as quoted by Antara news service.
Darwin said the government would use gas from the block to meet domestic demand.
ExxonMobil Exploration Asia-Pacific/Middle-East vice president Mike Cousins said that the agreement was the first step to develop gas and oil commercialization in the East Natuna block.
“We are waiting for negotiation and to cooperate with Pertamina to maximize Natuna’s development.” Cousins said.
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