Repsol announces big gas discovery with Petronas in Indonesia

The Petronas logo is seen againsts the KLCC twin towers in the backdrop. — Picture by Yusof Mat Isa
The Petronas logo is seen againsts the KLCC twin towers in the backdrop. — Picture by Yusof Mat Isa

MADRID, Feb 19 — Spanish energy giant Repsol announced today it had made a substantial natural gas discovery in Indonesia along with its partners, Malaysia’s Petronas and Japan’s Mitsui Oil Exploration (Moeco).

The company described the discovery in South Sumatra as “the largest gas find in Indonesia in 18 years” and one of the 10 largest in the world over the past 12 months.

“The discovery was made in the Sakakemang block in South Sumatra, where Repsol, as operator, holds a 45 per cent working interest,” it said.

Petronas owns another 45 per cent and Moeco the remaining 10 per cent.

Repsol estimates that the well may hold at least 57 billion cubic metres of recoverable resources.

Repsol holds several licences in Indonesia, which is the focus of its exploration investment in southeast Asia. — AFP

Related Articles