Exxon Mobil Corp. (XOM) is in talks with Malaysia's Petronas Carigali Sdn. Bhd. on selling it 20 percent stakes in two offshore blocks in Indonesia, a government official said Wednesday.
"They have informed us about the plan," Achmad Luthfi, deputy chair for planning at upstream oil and gas regulating body BP Migas, told Dow Jones Newswires.
Luthfi said Exxon Mobil intends to reduce its stakes to 80 percent in the offshore Surumana and Mandar blocks to "share risks."
The US company obtained the rights to the Surumana and Mandar blocks, where it's still exploring for oil and gas, through a bidding process in 2006 and 2007 respectively.
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200906302217dowjonesdjonline000679&title=exxon-mobil-may-sell-20-stakes-in-2-indonesian-blocks-official
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