Afraid to Call Exxon’s Bluff? - Economy - magz.tempo.co

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Afraid to Call Exxon’s Bluff?

Wednesday, January 5, 2011

Three oil companies were chosen as Pertamina’s partners to develop the Natuna gas field. Why is ExxonMobil receiving special treatment?

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IT is called Block 31. It is estimated that this oil and gas field in Angola’s territorial waters has reserves equivalent to 12 billion barrels of oil. Production could reach 150,000 barrels a day, a very exciting amount. Next year oil production can begin at this block.

One of the owners of this field is none other than ExxonMobil. This oil and gas giant from Texas, United States, has a 25 percent participating interest. However, ExxonMobil p

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