<div class=newsTextDataWrapInner><p>JAKARTA (Jan 9): Indonesia's upstream oil and gas regulator SKK Migas said on Thursday that Malaysia's Petronas has reached a final investment decision for its Hidayah field project in East Java province.</p></div>

<div class=newsTextDataWrapInner><p>SKK Migas in a statement said it expected the Hidayah field to be on stream in the first quarter of 2027 and would produce 88.55 million stock tank barrels until 2041.</p></div>

<div class=newsTextDataWrapInner><p>SKK Migas did not provide the final investment value of the project.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In 2023, SKK Migas said Hidayah field development would require US$926 million (RM4.1 billion) in investment and nearly US$2 billion in operation costs.</p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


Indonesia's upstream oil and gas regulator SKK Migas said on Thursday that Malaysia's Petronas has reached a final investment decision for its Hidayah field project in East Java province.

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<p><em><strong>For the full story, click <a href="http://theedgemalaysia.com/node/740535" target="_blank">here</a>.</strong></em></p>
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