Skip to main content

Chevron considering sale of IDD stake

Published by
LNG Industry,


According to Reuters, Chevron Corp. is weighing the potential sale of its stake in the Indonesian Deepwater Development (IDD) gas project.

The IDD project is located in the Makassar Strait and covers the Bangka, Gendalo and Gehem gas fields.

Chevron’s latest company statement announced that a final decision had not been made yet, however specific details regarding the status of negotiations were not revealed.

The potential sale of the IDD stake is considered likely to be part of Chevron’s plan, announced in late 2019, to cut costs and streamline its operations. The announcement suggested that some of the company’s stakes in natural gas project would be sold in preparation for a period of low prices in the long term.

Read the article online at: https://www.lngindustry.com/liquefaction/24012020/chevron-considering-sale-of-idd-stake/

You might also like

 CryoTech 2020

CyroTech 2020

Professionals in the LNG sector can tune in from anywhere in the world and learn about the cutting-edge technology and the latest innovations in cryogenics – a fundamental component of the industry.

Register for your free space today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG project news Offshore LNG news Natural gas news


 

LNG Industry is not responsible for the content of external internet sites.