Eni and Petronas Form $15 Billion Upstream Venture Across Malaysia and Indonesia
Update: 2025-11-03
Description
Eni and Petronas Unite: A $15 Billion Merger to Revolutionize Southeast Asia's Oil and Gas IndustryEnergy giants Eni and Petronas have announced a historic merger, forming NewCo to combine their oil and gas assets in Malaysia and Indonesia. This $15 billion deal brings together 19 key projects and aims to kickstart at least 8 new development projects, drill 15 exploration wells, and tap into 3 billion barrels of reserves. The partnership seeks to produce over 300,000 barrels per day, potentially rising to half a million in the medium term. This merger could lead to more jobs, expertise sharing, and increased production, particularly in high-potential areas like Indonesia's Kutei Basin and new Malaysian fields. The deal is set to close by 2026, with the potential to reshape Southeast Asia's oil and gas landscape for years to come.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
