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

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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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