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View all search resultsBritish oil and gas company BP has submitted its final investment development (FID) decision over Train 3, the expansion of the existing Tangguh liquefied natural gas (LNG) plant in West Papua on Friday. It is expected construction can commence in the fourth quarter of this year and the project is targeted to be onstream in 2020.
Energy and Mineral Resources Minister Sudirman Said said he warmly welcomed oil and gas company PT Medco Energi Internasional Tbk’s (MedcoEnergi) move to acquire a majority stake in copper mining firm PT Newmont Nusa Tenggara, which operates the Batu Hijau copper and gold mine in West Nusa Tenggara.
The government has taken various actions to try and reinvigorate the country's oil and gas production and attract investment from new and existing players, even though progress on the ground purportedly remains challenging, hence a sustainable partnership is necessary to address the issue, a senior official says.
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