Indonesia, Chevron-led Group Aim For Gendalo-Gehem Development Deal

Talks are centered on sorting out differences on factors such as revenue share, extension of production-sharing contracts and investment credit.

Ravi Prasad, Contributor
(Source: Shutterstock/Hart Energy)

(Source: Shutterstock/Hart Energy)

Indonesia’s energy ministry and a Chevron-led consortium are still looking for a mutually acceptable development plan for the deepwater Gendalo and Gehem oil and gas fields in Makassar Strait a decade after significant reserves were discovered.

Dwi Soetjipto, chief of the country’s upstream regulator Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), said discussions with Chevron focus on resolving differences on developing Gendalo and Gehem fields as part of the second phase of the Indonesia Deepwater Development Project (IDD-II).

“We hope that the long-awaited IDD, the project run by Chevron, Eni and Sinopec, will begin POD (Plan of Development) discussions in the near future,” Soetjipto said at an industry meeting in Jakarta.

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