Exxon Work On 20 CBM wells in East Kalimantan

Jakarta - U.S. oil giant ExxonMobil Corp., 20 exploration wells targeting Coal Methane (CBM / Coal Bed Methane) in East Kalimantan. It plans to conduct exploration over the next three years before it will later evaluate whether the project is worth continuing or not.

This was conveyed Exploration of Public and Government Affairs Manager of ExxonMobil Oil Indonesia, Vasta C. Choesin encountered in restaurants Duck Bengil, Jakarta, on Thursday night (26/08/2011).

"So, for the CBM, we are new in the exploration stage. Now that we farm in the three blocks in East Kalimantan, in block-1 Banjar, Banjar-2, and blocks Tapin. We are targeting 20 wells," he said.

Followed by Vasta, so far it would peg the early stages of exploration in the next three years. Given the CBM development will require a lot of test pilots, so that every stage of exploration will be evaluated first before continuing to the next stage.

"This is because the process is different from the gas as usual, then there are some pilot testing, we see the reserve (backup) how many, how much production potential. Now this new first stage, we've been around since last March," he said.

Vasta admitted, that it could not convey how much it costs prepared in such exploration. "We can not tell, for sure we are of the self-financing," said Vasta.

"Exploration of us there, we cooperate with PT Graha Sugico. Where we have a 49% stake in three blocks of the concession, while 51% owned Sugico," he said.

Apparently, the company from the land of Uncle Sam is just doing the first time for CBM development. It is also doing development in the country of Germany.

"So we developed this new CBM in the two countries, Indonesia and Germany. However, the same as in Indonesia, in Germany we are also new to explore there," said Vasta.

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