KUALA LUMPUR, Jan 10 (Bernama) -- PC North Madura II Ltd., a subsidiary of PETRONAS, has reached the Final Investment Decision (FID) for the development of the Hidayah field, located in the North Madura II Contract Area, East Java, Indonesia.
PC North Madura II Ltd. is the operator with 100 per cent participating interest in its Production Sharing Contract (PSC).
PETRONAS Executive Vice President and Chief Executive Officer of Upstream, Mohd Jukris Abdul Wahab said, “This milestone underscores PETRONAS’ unwavering commitment to supporting the Government of Indonesia’s target of achieving energy self-sufficiency. We are grateful for the continued support of the host authority and look forward to close collaboration as we progress the Hidayah field development.”
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