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Gas Content in the East Natuna Block
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ExxonMobil has announced its withdrawal from its investment in the East Natuna Block due to its unprofitability. The 72 percent CO2 (carbon dioxide) content significantly increases exploration costs and poses environmental and pipeline risks, rendering the project uneconomical.
According to ESDM data, the initial gas in place (IGIP) in the East Natuna block reaches 222 trillion cubic feet (Tcf). With proven gas reserves of 46 Tcf, it is significantly larger than the Masela gas reserves of only 10.7 Tcf. Meanwhile, the potential oil reserves in the East Natuna Block are estimated at 36 million barrels (MMBO).
Beyond its substantial gas reserves, the Natuna waters are also strategically important due to their location bordering Malaysia and Thailand to the west, Vietnam and China to the north, and the Philippines to the east.
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but please note that automated translations may contain errors or slight inconsistencies."