- An earlier report that Chevron (CVX -0.4%) is delaying its $12B Indonesia deepwater development project in the Makassar Strait is discussed in greater detail in the Jakarta Post, as an energy ministry official says he expects the project to start one year later than previously anticipated.
- CVX is planning to revise its calculations on the project following the discovery of a new gas reserve, according to the official, "which has increased the project’s monetizing value."
- Total production from the four production sharing contracts is expected to reach at least 1B cf/day of gas, with total gas reserves of 2.3T cf.