In June, Energy Voice reported that the US major had asked permission from the Indonesian government to offer its 54% share of the Corridor production-sharing contract (PSC) to potential investors.
Given the scale of the project and uncertainties around its future, there will not be many ready buyers. However, industry sources said Medco Energi and Repsol are eyeing ConocoPhillips’ stake in the onshore South Sumatra block, reported Petromindo last Friday.
Photo Credit: Energy Voice
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