Scandinavian Oil-Gas Magazinehttp://www.scandoil.com/moxie-bm2/news/cbm-asia-and-exxonmobil-negotiate-possible-jv-in-i.shtmlCBM Asia and ExxonMobil negotiate possible JV in IndonesiaCBM Asia Development Corp. is in negotiations with ExxonMobil to farm into three existing coalbed methane
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Edit page New page Hide edit links CBM Asia Development Corp. is in negotiations with ExxonMobil to farm into three existing coalbed methane production sharing contracts (PSC) in the Barito Basin, South Kalimantan, Indonesia and acquire rights to farm into certain additional PSCs in the Kutai Basin, East Kalimantan. CBM Asia and ExxonMobil would hold equal ownership interest in each PSC. The final terms and conditions of the proposed farm-in remain subject to the negotiation and execution of formal agreements between ExxonMobil and CBM Asia, as well as, among other conditions, government approvals. |