Wah kesan saya major oil companies rame-rame menjual assetnya di Indonesia, who is next?
----- Original Message ----- From: "Hasan Sidi" <[EMAIL PROTECTED]> To: "'IAGI-Net2'" <[EMAIL PROTECTED]> Sent: Wednesday, March 12, 2003 12:05 PM Subject: [iagi-net-l] Gulf's heritage & Warim for sale > ConocoPhillips to Sell Indonesian Assets > > > JAKARTA (Reuters) - U.S. oil giant ConocoPhillips will sell a large chunk of > its Indonesian assets, including nine of its 13 production-sharing contracts > (PSC) with the government, to rationalise operations, a senior official said > on Tuesday. The Houston company - formed by the 2002 merger of Conoco Inc > and Phillips Petroleum Company and which recently posted a $410 million net > loss for the fourth quarter of last year - is in the process of selling > assets that do not bring adequate returns. > > "We will sell some assets in Indonesia...We have 15 working areas in > Indonesia, including 13 areas under PSCs. We will sell nine areas under PSCs > that are located from Sumatra to Papua," Dudung Natanegara, ConocoPhillips > vice president of development and relations, told Reuters. > > "Because of the merger we have to rationalise our assets and we have to > follow sound portfolio management practices," he added. > > Papua and Sumatra are two of Indonesia's most resource-rich provinces. > > Despite the sale plan, the company remained committed to Indonesia, > Natanegara said. > > "We will continue to operate in Indonesia and we are looking at other > promising areas in Indonesia." > > He declined to give a time frame for sales of the assets or how much they > were expected to raise. > > ConocoPhillips was part of consortium of foreign oil firms which last year > signed a $187.6 million deal to buy a 40 percent stake in an Indonesian > natural gas pipeline system. > > ConocoPhillips also has a 20-year contract to supply 1.5 trillion cubic feet > of natural gas to Malaysia's Petronas from south Sumatra. That deal was > signed in August last year. > > (C) Reuters Limited 2003. > > --------------------------------------------------------------------- To unsubscribe, e-mail: [EMAIL PROTECTED] Visit IAGI Website: http://iagi.or.id IAGI-net Archive 1: http://www.mail-archive.com/iagi-net%40iagi.or.id/ IAGI-net Archive 2: http://groups.yahoo.com/group/iagi Komisi Sedimentologi (FOSI) : F. Hasan Sidi([EMAIL PROTECTED])-http://fosi.iagi.or.id Komisi SDM/Pendidikan : Edy Sunardi([EMAIL PROTECTED]) Komisi Karst : Hanang Samodra([EMAIL PROTECTED]) Komisi Sertifikasi : M. Suryowibowo([EMAIL PROTECTED]) Komisi OTODA : Ridwan Djamaluddin([EMAIL PROTECTED] atau [EMAIL PROTECTED]), Arif Zardi Dahlius([EMAIL PROTECTED]) Komisi Database Geologi : Aria A. Mulhadiono([EMAIL PROTECTED]) ---------------------------------------------------------------------
