Indonesia
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The operator will move forward with its multibillion-dollar Northern Hub project while planning for additional exploration drilling in the region. -
Ignis H2 Energy and Imeco Inter Sarana announced a strategic partnership to expedite geothermal development in Indonesia.
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The project’s revised development plan now incorporates a carbon capture facility.
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The agreement covers the upstream to downstream sectors, focusing on global business and development of human capital.
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The companies have agreed to study the development of geothermal energy in Indonesia to further the country’s goal of adding 3.3 GW of geothermal capacity by 2030.
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Several projects have been scrapped across the US as inflation causes project costs to soar, while projects in Costa Rica and Rotterdam move forward.
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Sale includes stake in the Abadi gas project.
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New terms would allow contractors more than 50% equity share in some new blocks.
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Total structure discovered could hold as much as 5 Tcf of gas in place.
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Petronas and Pertamina purchase 35% stake in offshore Indonesia parcel which contains the Abadi gas project.
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