Jakarta approves US$3bil gas block project


JAKARTA: Indonesia has approved the first plan of development for the Tuna offshore gas field with a total estimate investment of US$3.07bil (RM13.5bil) up to the start of production, upstream oil and gas regulator SKK Migas says.

The Tuna field, located in the South China Sea between Indonesia and Vietnam, is expected to reach peak production of 115 million standard cubic feet per day in 2027, SKK Migas spokesperson Mohammad Kemal said.

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