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Eni to sell 10% stake in Indonesian gas to Pertamina and Medco

Oilprice.com ·

  1. 1Eni has signed two binding agreements to sell its 10% stake in seven Indonesian upstream Production Sharing Contracts (PSCs) to Pertamina and Medco.
  2. 2Eni's identified condensate reserves at the Geng North and Geliga discoveries exceed 650 million barrels.
  3. 3The approximately 350,000 barrels of oil equivalent per day (boe/d) at Searah aims to exceed Searah's sustainable production target of 500,000 boe/d by 2028.

So what's the key point?

Eni has decided to sell a 10 percent stake in its Indonesian gas business to other companies. This involves transferring business rights that hold reserves of over 650 million barrels.

Source Oilprice.com · View original ↗

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