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ExxonMobil in 'standby' mode

| Source: DJ

ExxonMobil in 'standby' mode

SINGAPORE (Dow Jones): Exxon Mobil Corp. is maintaining its Aceh operations in a state of "ready start-up" as it continues to discuss resuming production there, William Cummings, spokesman for ExxonMobil Oil Indonesia Inc., said Thursday.

The company is "continuing to discuss" restarting production at its onshore Aceh gas fields with its Indonesian partners, he said, adding that so far, no agreement has been reached.

A joint technical team from Indonesian oil and gas company Pertamina and Exxon Mobil is studying procedures for safely restarting production at Exxon Mobil's onshore Arun, South Lhoksukon and Pase fields, Cummings said.

The company is producing 100 million to 200 million standard cubic feet of gas a day from its North Sumatra offshore field, sufficient to maintain minimal safety and electrical systems at its own operations and those of PT Arun NGL Co., which operates the gas liquefaction plant in Aceh, he said.

Exxon Mobil in March suspended operations at its onshore gas fields that feed the Arun LNG plant, citing security concerns in the face of increasing unrest in Aceh.

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