Eni Sells Indonesian Stakes to Pertamina and Medco
Italian energy company Eni has agreed to sell stakes in several Indonesian oil and gas assets to Pertamina and Medco Energi. The deals aim to boost domestic control over resources and support local energy security.
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ENI SPA agreed on Monday to sell minority stakes in several upstream Indonesian assets to MEDCO ENERGI INTERNASIONAL T and state-owned PT Pertamina. The transactions transfer a 10% interest in multiple natural gas and oil blocks to each buyer. The deals enhance domestic control over energy resources in Indonesia as output from major deepwater projects scales up.
