“Italy’s Eni is poised to reach next month a final investment decision to develop two offshore gas fields in Indonesia, the head of the Southeast Asian country’s upstream regulator said on Tuesday.”
“Eni will manage the projects via its new joint venture with Malaysia’s Petronas for joint asset management in Indonesia and Malaysia, according to the official.”
“At the end of last year, Eni and Petronas announced plans for $15 billion in investment in developing the proved reserves in Indonesia and Malaysia over the next five years.”
“As part of the plans, Eni and Petronas are looking to start up as many as eight new upstream projects in Indonesia and Malaysia over the next three years, Eni’s chief executive Claudio Descalzi said in November.”