Eni to Buy Chevron Assets in Indonesia
July 25 2023 - 5:06AM
Dow Jones News
By David Sachs
Eni said Tuesday that it will acquire Chevron's assets in
Indonesia, including operations, for an undisclosed sum.
The Italian energy company said it will buy interests in three
subsidiaries of the American oil and gas corporation in
Indonesia.
Eni will buy Chevron's 62% interest in Ganal PSC, its 62%
interest in Rapak PSC and its 72% interest in Makassar Straits PSC,
it said. The Italian company already holds a 20% interest in both
Ganal and in Rapak.
Eni said the deal is an important step in its bid to fast-track
natural-gas development in the country.
The deal is subject to customary regulatory review.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
July 25, 2023 05:51 ET (09:51 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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