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
26 February 2026
OPEC, upstream investors and refiners all face strategic shifts now the Asian behemoth is no longer the main engine of global oil demand growth
25 February 2026
Tech giants rather than oil majors could soon upend hydrocarbon markets, starting with North America
25 February 2026
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
25 February 2026
The surge in demand for fuel and petrochemical products in Asia has led to significant expansion in refining and petrochemicals capacities, with India and China leading the way
