Petronas has reached a Final Investment Decision (FID) through its subsidiary, PC North Madura ll Ltd. for the development of the Hidayah field located in the North Madura II Contract Area, East Java, Indonesia.
The development plant includes the drilling of oil production wells, supported by unmanned integrated wellhead and central processing platform. It also includes a Floating Storage and Offloading (FSO) unit equipped with living quarters and a central control room to ensure safe and reliable operations.
“Reaching the FID for the Hidayah field is a significant milestone for Petronas in Indonesia. This achievement builds on the momentum of our promising oil discovery in the North Madura II Contract Area in 2021, paving the way for us to play a more strategic role in supporting the region’s growing energy needs,” said Mohd Redhani Abdul Rahman, VP of International Assets of Upstream at Petronas.
Petronas currently operates the Ketapang, North Madura II, and North Ketapang Production Sharing Contracts (PSCs) offshore East Java. It also operates the Bobara PSC, offshore West Papua.
Besides, the company is a joint venture partner in five PSCs spanning onshore and offshore Sumatra, the Natuna Sea, East Java, as well as East Indonesia.
