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Indonesia rejects ExxonMobil’s claim to Natuna D-Alpha

02/02/2009
Indonesia has rejected a plan of development for the Natuna D-Alpha block filed last week by ExxonMobil Corp., saying the firm’s contract expired in 2005.“Upstream oil and gas regulator BPMigas has sent an official letter rejecting ExxonMobil’s [plan of development] on Jan. 14,” said Energy and Mineral Resources Minister Purnomo Yusgiantoro.“Every year ExxonMobil’s submitted its working budget and program for Natuna, but we never processed them, as the company’s contract (for the block) has been expired since 2005,” Purnomo said.Purnomo said that ExxonMobil’s contract was automatically terminated when the firm failed to submit a feasib...
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