Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Chevron applies brakes to $7bn Indonesia project

Chevron applies brakes to $7bn Indonesia project
CHEVRON has delayed its decision on whether to pursue the final design stage of its Makassar Strait, Indonesia, gas development project offshore Indonesia's East Kalimantan Province.

CHEVRON has delayed its decision on whether to pursue the final design stage of its Makassar Strait, Indonesia, gas development project offshore Indonesia’s East Kalimantan Province.

The US super-major, which told Energy only recently that it hoped to sustain high levels of investment, said the decision would be made before year end on the $7billion (£5billion) Gehem and Gendalo gas-field development project.

However, the development of the two Kutei Basin fields in the Rapak and Ganal blocks is seen as key to improvement in Indonesia’s declining gas production.

Steve Green, Chevron’s Indo-Asia managing director, said: “We’ll be entering front-end engineering and design likely early next year.”

He added that the process of evaluating bids could take about a year, pushing the final investment back to 2011.

The initial plan for this project was for Chevron to provide about 25% of the gas production from Gehem and Gendalo to the Indonesian market.

Their reserves base is estimated at 3TCF.

More from Energy Voice

Latest Posts