KUALA LUMPUR :State energy firms Pertamina and Petronas plan to jointly take over Shell's participating interest in Indonesia's Masela gas project, the Indonesian energy minister said on Monday.
"They have to finalise what kind of joint scheme they are preparing," he said on the sidelines of the Energy Asia conference in Kuala Lumpur, being hosted by Petronas. Time is ticking for Indonesia to tap its massive hydrocarbon reserves even as countries worldwide move towards non-fossil fuels to reduce emissions.
Eni, already a partner in the project, has previously declined to comment on the possibility of taking Chevron's stake. Located in Makassar strait, IDD is 62 per cent controlled by Chevron.
Source: Energy Industry News (energyindustrynews.net)
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