Pertamina and US oil giant Exxon Mobil have signed an agreement to develop Offshore natural gas block Natuna D-Alpha, located off Indonesia in the South China Sea.
Considered the largest gas reserve in Asia, Natuna D-Alpha is estimated to hold 46 million Tcf of natural gas. Production is expected to begin around 2018.
Exxon initially had development rights to the field, however, after a dispute with the Indondesian government about revenue-sharing, rights to Natuna D-Alpha were given to Pertamina in 2008.
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