Baku, February 22, AZERTAC
A consortium led by Repsol has found new gas resources in Indonesia estimated at least 2 trillion cubic feet, equivalent to around two years’ worth of Spanish demand, the Spanish oil and gas firm said, according to Reuters.
The discovery at the Sakakemang block in South Sumatra is among the 10 largest finds worldwide in the last 12 months, and the biggest in Indonesia for 18 years. The Madrid-based firm operates the well and holds a 45 percent stake, while Malaysia`s Petronas owns 45 percent and Japan`s MOECO the remaining 10 percent.
Repsol produced 15 million barrels of oil equivalent in 2017 in Indonesia.
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