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
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
