Indonesia wants to add 12bn ft3/d of production by 2030
Indonesia OKs Madura strait gas project
Jakarta has greenlit plans for a gas project in the Madura strait, off the coast of eastern Java
Indonesian oil and gas regulator SKKMigas has approved plans by joint venture Husky-Cnooc Madura Limited (HCML) to develop the MBF field. The partnership comprises Canadian firm Husky Energy—which was acquired by fellow Canadian independent Cenovus earlier this year—with 40pc, Chinese state-owned Cnooc, also with 40pc, and Indonesian independent Samudra Energy, which holds the remaining 20pc. The MBF field is scheduled to start production in the third quarter of 2023, initially at a rate of 10.05mn ft³/d (285,000m³/d), before reaching a peak of 24mn ft³/d in 2024. MBF’s reserves are potentially as high as 38bn ft3. The joint venture plans to invest around $88mn, and the field is expected to
Also in this section
22 May 2025
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
22 May 2025
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections
21 May 2025
From the upstream sector to the end-users, gas is no longer seen as a transition fuel or an afterthought, executives told attendees at the World Gas Conference
21 May 2025
Integrated refining and petrochemicals company highlights strategic flexibility amid trade war risks and long-term planning to futureproof business, says CEO Prabh Das
