• search

Exxon sells Indonesia's Aceh stake for $51 mln

Written by: Staff

JAKARTA, Apr 26 (Reuters) U.S. energy giant Exxon Mobil Corp. has sold half of its stake in a gas field in Indonesia's Aceh province for million to a multinational consortium, a company official said on Wednesday.

''We have reached a deal at million with a consortium,'' the official, who declined to be identified, told Reuters.

Earlier, Japan Petroleum Exploration Co. (Japex) said that the company, together with PT Medco Energi International Tbk JK> , and Premier Oil Plc bought Exxon Mobil's stake in block A of a gas field in Aceh province on Sumatra island.

Japex, Medco and Premier bought all the 50 percent stake Exxon Mobil had held in the block. They did not disclose the value of the deal in a statement.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more