Eni and Petronas Set to Combine Upstream Assets in Southeast Asia ...Middle East

OILPRICE - Economy
Eni and Petronas Set to Combine Upstream Assets in Southeast Asia
source : OILPRICE ( Middle East ) () 87
Italy’s Eni and Malaysian state oil and gas firm Petronas have agreed to discuss a joint venture that would combine and oversee some of their upstream assets in Malaysia and Indonesia, the Italian energy major said on Thursday. Under an exclusive Memorandum of Understanding, Eni and Petronas agreed to progress detailed discussions on establishing a joint venture to create significant opportunities for growth in Malaysia and Indonesia. A JV is also expected to generate substantial synergies, develop new gas projects, and become a major LNG…

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