Eni and Petronas to Launch 8 Upstream Projects in Southeast Asia

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Eni and Petronas plan to launch 8 new upstream projects in Indonesia and Malaysia over the next 3 years, as part of their joint venture to combine offshore assets in Southeast Asia.

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Market impact analysis based on bullish sentiment with 90% confidence.

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90%

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Eni and Petronas plan to start up as many as eight new projects in Indonesia and Malaysia over the next three years, Eni’s chief executive Claudio Descalzi told Malaysia’s national news agency Bernama in an interview, following last week’s announcement that the two firms are creating a joint venture to combine their offshore assets in Southeast Asia. “In the next three years, we are going to start eight new projects based on the existing reserves: four in Indonesia, four in Malaysia,” Descalzi told Bernama. “We…

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