Chevron Seeks Partner For Indonesian Deepwater Project
The company has a 62% participating interest in the IDD-II project, which covers development of the oil- and gas-rich Gendalo and Gehem fields.
Ravi Prasad, Contributor
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.