Financial Ports

Eni offloads $1bn+ Indonesian gas stakes to Pertamina and Medco

CLAVE 1 / 4Eni sells 10% stakes in seven offshore Indonesian production sharing contracts to Pertamina and MedcoEnergi.

CLAVE 2 / 4Pertamina boosts its East Sepinggan holding from 15% to 25% and gains 10% in North Ganal and Rapak PSCs.

CLAVE 3 / 4Medco acquires 10% non-operated stakes in West Ganal, East Ganal, Ganal, and Muara Bakau PSCs.

CLAVE 4 / 4Searah JV, owned 50-50 by Eni and Petronas, operates the assets and targets 500,000 boe/d by 2028.

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