Indonesia’s Saka Energi plans $1.5bn upstream spend
Indonesian upstream player Saka Energi is planning to invest up to $1.5 billion between 2022 and 2028 to develop various assets in Indonesia and abroad as it seeks to boost oil and gas production.
Saka Energi
Outlook improves for Indonesia’s Saka Energi
The prospects for Indonesia’s Saka Energi appear to have improved based on the latest analysis from Moody’s Investors Service, which revised the troubled upstream player’s outlook from negative to stable.
Indonesia’s Saka Energi’s upstream assets could be up for sale
The assets of troubled upstream player Saka Energi could be put up for sale as part of an effort to resolve the heavily indebted company’s financial predicament amid a tussle between Indonesia’s state-owned enterprises (SOEs).
Indonesia’s Saka expands offshore field
Indonesia’s Saka Energi is pressing ahead with expansion projects at its Pangkah production sharing contract offshore East Java, Indonesia.
Eni tipped to takeover giant Chevron project in Indonesia by March
SKK Migas, Indonesia’s upstream regulator, expects Eni to takeover Chevron’s giant Indonesia Deepwater Development (IDD) during the first quarter 2021. If the move comes to pass, expect other potential buyers, that could include Pertamina, Sinopec, Neptune Energy and Saka Energi, to be in the new IDD mix.