ConocoPhillips Indonesia moves ahead with plan to divest stakes in Block B South Natuna

JAKARTA ( – Conocophillips Indonesia (COPI) is likely to move ahead with its plan to divest 40 percent participating interest in Block B South Natuna as planned earlier.

Vice President Development and Relations ConocoPhillips, Joang Laksanto was quoted by Kontan daily as saying that COPI is currently in talks with potential investors.

Currently, Block B South Natuna gas output are delivered to Malaysia and Singapore.

In addition, CPI is also planning to shut the operation of LPG plant in Belanak field within Block B South Natuna in 2016 as the plant is no longer commercially viable.

Earlier, COPI has returned Warim Block to the government, which is located in Papua. ConocoPhillips, however, said it will continue to develop the Koridor Block in South Sumatera and start carrying out seismic survey in Kuara Kurun Block in Central Kalimantan. (*)


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