Harvey Goldstein is the founder and chairman of the consulting firm Harvest International Indonesia. With over four decades of experience in the ASEAN region, Harvey Goldstein has facilitated foreign investments in countries such as Singapore, Thailand, and the Philippines. Harvey Goldstein played a significant role in Exxon Mobil’s multi-billion-dollar offshore natural gas project in Indonesia in the mid-1990s. Exxon and Indonesia’s national oil company Pertamina entered into an agreement to develop one of the world’s largest natural gas deposits. The enormous gas deposit was discovered in 1973, approximately140 miles northeast of Natuna, an island around 700 miles north of the country’s capital city, Jakarta. With the gas field situated 470 feet underwater, the project required gigantic offshore steel platforms, some of which were 60 stories high. The project necessitated a pipeline to transport the natural gas to a liquified natural gas facility at Natuna island. A port facility also needed to be built for supertankers to transport the gas to markets in Asia. The projected cost of the undertaking was $40 billion. Then US President Bill Clinton made mention of the agreement in a speech he delivered during his 1994 visit to Indonesia.

1. Revisiting Exxon’s Multi-Billion-Dollar Indonesian Natural Gas Project
Harvey Goldstein

2. Introduction
Harvey Goldstein is the founder and chairman of the consulting firm Harvest International Indonesia. With over
four decades of experience in the ASEAN region, Harvey Goldstein has facilitated foreign investments in
countries such as Singapore, Thailand, and the Philippines. Harvey Goldstein played a significant role in Exxon
Mobil’s multi-billion-dollar offshore natural gas project in Indonesia in the mid-1990s.

3. Exxon and Indonesia’s national oil company Pertamina entered into an agreement to develop one of the world’s
largest natural gas deposits. The enormous gas deposit was discovered in 1973, approximately140 miles
northeast of Natuna, an island around 700 miles north of the country’s capital city, Jakarta. With the gas field
situated 470 feet underwater, the project required gigantic offshore steel platforms, some of which were 60
stories high.

4. The project necessitated a pipeline to transport the natural gas to a liquified natural gas facility at Natuna
island. A port facility also needed to be built for supertankers to transport the gas to markets in Asia. The
projected cost of the undertaking was $40 billion. Then US President Bill Clinton made mention of the
agreement in a speech he delivered during his 1994 visit to Indonesia.