Shell and Statoil were among the winners at the development of 11 Indonesian oil and shale gas
March 18, 2015
Major oil and gas companies Shell, Statoil and Petronas have won the 8 to develop natural gas fields and three shale. This was stated by the Ministry of Energy and Coal Industry of Indonesia. Eight deposits of natural gas is one of the 13 proposed by the government last year. The other five fields failed to attract investors. The winning companies have pledged to spend US $ 1 44250000. To conduct exploration work over three years on 11 fields.
It is worth noting that for the first time in the history of Shell, when the company entered directly in the mining sector in Indonesia. Recall now the country is actively working to increase exploration and mining activities. The purpose of these plans is a gradual decline in oil production at aging fields. Oil production in Indonesia peaked at 1600000 barrels per day in 1995 and has since fallen. Since then, the country has to rely on imports to meet their energy needs.
March 18, 2015
"Ukrainian Energy", based on Platts