A Chevron-led consortium is looking for a partner to develop the second phase of the $5 billion Indonesia Deepwater Development Project (IDD-II) in Makassar Strait off East Kalimantan.

The operator, Chevron Pacific Indonesia, has put the proposed development plan for IDD-II project on hold till the changes in consortium structure are made.

Fatar Yani Abdurrahman, deputy head of Indonesia’s upstream regulator Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), said the operator informed it of possible changes in the consortium structure for the project without providing the details.

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