03 January, 2013

OIL AND GAS INDUSTRY: Term of Office CEO of Exxon Mobil Indonesia Not Extended

While the Task Force of Upstream Oil and Gas (SK Gas) does not extend the term of office of ExxonMobil Indonesia CEO Richard Owen a doubt because of a commitment ExxonMobil Exxon to sell assets in Block B Arun, Aceh.

Head of Public Relations, Security and Formality SK Gas Hadi Prasetyo said that until now there has been no recent information from the Exxon on whether or not to sell assets so Block B Arun. According to him, the sale of assets is not themselves decide Exxon Indonesia.

"Yeah it's changed or not renewed nothing to do with the release of Arun did not. Exxon said yesterday it would sell assets Arun Block B, but after a lot of domestic companies that want nationwide, canceled off assets. Exxon said to operate on its own. Happens to question the government's commitment Exxon, "said Hadi, Wednesday (03/01/2013).

According to Hadi, Exxon must firmly decide whether to sell or not. The assets will be released is not how big benefit for Exxon, but for smaller companies can be more profitable because their economic standards differ.

Richard Owen rejected the extension directly made chief SK Gas Wacik. Hadi said that the Indonesian government has the right to change when certain officials uncooperative, such as moving - moving or changing decision - change. "We can stop him tenure. Once was chairman of Exxon replaced pas BP Migas grace period Soedibyo pack. This term we complain to Exxonnya tuh. "

Regarding whether there is now a replacement or not, Hadi claimed not to get the latest information. What is clear, the SK Gas does not support the extension of the working president of Exxon.

Deputy SK Gas Operations Control Gde Pradnyana added Richard Owen was replaced because his term ends in February 2013 that it has asked ExxonMobil proposed replacement. The proposal will be discussed by Chief SK Gas, a sort of do the fit and proper test.

Gde forward with the replacement of the CEO of Exxon, Exxon can improve performance over the years. "Presdir would have proposed by investors, in this case by the ExxonMobil headquarters. However, before being appointed in-fit and proper test used by Chief Skmigas, "he said.

Deputy Minister of Energy and Mineral Resources Rubiandini Rudi said Exxon should bebenah themselves. "It works no national pro, then also the target Early Production Facilities Cepu block is not achieved, Pantes is replaced," said Rudi.

Until this news was revealed, both short message or phone call has not been answered by the Business ExxonMobil.

Previously, VP of Public and Government Affairs Erwin Maryoto ExxonMobil says Cepu initial production has been the range 24000-25000 barrels per day. Although not able to achieve the desired target the government's 27,000 barrels per day, it will continue to try and work with SKSP can increase production of oil and gas to a safe start.

As is known, previously ExxonMobil plans to sell three of its assets. three assets offered by ExxonMobil includes Mobil Exploration Indonesia Inc., ExxonMobil Oil Indonesia Inc., and Mobil Indonesia LNG Inc.. Each removable stock is 100% for Exxon shares were in Block B Arun and gas field offshore North Sumatra. As for PT Arun NGL, detachable stock is 30%.

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