Kontan: Chevron Reschedules $12B Deepwater Gas Project


PT Chevron Pacific Indonesia, a unit of Chevron Corp, has submitted an official letter saying it would temporarily delay its deep water gas development project worth $12 billion in Makassar Strait, East Kalimantan, according to Naryanto Wagimin, director for upstream business at the energy and mineral resources ministry.

Chevron plans to revise its calculations for the project, said Naryanto, adding that the firm has discovered fresh gas reserves. (Kontan, Bisnis Indonesia)

Note: Reuters has not verified this story and does not vouch for its accuracy.

(Compiled by Jakarta Newsroom; Editing by Biju Dwarakanath)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Completions Supervisor
Expertise: Drilling Foreman / Drilling Supervisor|Production Engineering|Workover or Completion
Location: Watkins, CO
Maintenance Planner (New Orleans, Louisiana)
Expertise: Planner / Scheduler|QA / QC / Inspection
Location: New Orleans, LA
Corrosion Technician I
Expertise: Corrosion Engineering
Location: Houston, TX
search for more jobs

Brent Crude Oil : $59.02/BBL 3.79%
Light Crude Oil : $52.22/BBL 3.07%
Natural Gas : $2.92/MMBtu 1.31%
Updated in last 24 hours