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Repsol bids to operate Conoco's Corridor gas field, Indonesia regulator says

Dec. 11, 2018 11:56 AM ETRepsol, S.A. (REPYF) StockCOP, REPYY, REPYFBy: Carl Surran, SA News Editor
  • Repsol (OTCQX:REPYF, OTCQX:REPYY) has submitted a proposal to operate Indonesia’s Corridor natural gas block which is currently being operated by ConocoPhillips (NYSE:COP), according to the head of the country's upstream oil and gas regulator SKK Migas.
  • Repsol joined Indonesian state energy firm PT Pertamina and COP in the bidding process for the operatorship starting 2023.
  • “ConocoPhillips, Pertamina and Respol, these three companies are very interested. We are still evaluating [the proposals],” says the SKK Migas chairman.

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