PETRONAS reaches FID on Indonesia field


SKK Migas said it expected the Hidayah field to be on stream in the first quarter of 2027.

JAKARTA: Indonesia’s upstream oil and gas regulator SKK Migas says that Malaysia’s Petroliam Nasional Bhd or PETRONAS has reached a final investment decision or FID for its Hidayah field project in East Java province.

SKK Migas in a statement said it expected the Hidayah field to be on stream in the first quarter of 2027 and would produce 88.55 million stock tank barrels until 2041.

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