ConocoPhillips has had a presence in Indonesia for more than 40 years, and its assets are concentrated in two core areas: the West Natuna Sea and onshore South Sumatra.
ConocoPhillips is one of the largest foreign leaseholders in Indonesia with 11 exploration and production licenses comprising roughly 12.6 million gross acres. The company operates nine Production Sharing Contracts (PSCs) and has a non-operator interest in two others. Of the nine PSCs the company operates, three are offshore: South Natuna Sea Block B, Nila and Ketapang. Six others are onshore: Corridor TAC (Technical Assistance Contract), Corridor PSC, South Jambi ‘B,’ Sakakemang JOB (jointly operated with a co-venturer) in South Sumatra, Block A PSC in Aceh and Warim PSC in Papua. ConocoPhillips holds non-operator interests in the Pangkah PSC offshore East Java and the Banyumas PSC onshore Java. During 2005, the company sold its interests in the Bentu and Korinci-Baru PSCs in Sumatra and was awarded the Amborip VI PSC in the Arafura Sea. The Amborip PSC agreements are expected to be signed in 2006.
ConocoPhillips participates in six long-term natural gas pipeline contracts. In addition, the company began supplying natural gas to markets on Batam Island in 2005 and will begin supplying East Java markets in 2007.