Malaysia's Petronas Approves FID for Hidayah Field Project Offshore Indonesia Hero Image

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Malaysia's Petronas Approves FID for Hidayah Field Project Offshore Indonesia

PETRONAS, through its subsidiary PC North Madura II, has given the green light for the final investment decision (FID) on its Hidayah field project offshore East Java, Indonesia

Released Wednesday, January 29, 2025

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Researched by Industrial Info Resources (Sugar Land, Texas)--PETRONAS (Kuala Lumpur, Malaysia), through its subsidiary PC North Madura II, has given the green light for the final investment decision (FID) on its Hidayah field project offshore East Java, Indonesia. This field is located within the North Madura II Contract Area. The project is projected to begin production in 2027, with an initial output forecast of 8,973 barrels of oil per day.

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Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).

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