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UK oil giant BP on Thursday unveiled a $7-billion joint project aiming to unlock around 3 trillion cubic feet of additional gas resources at its Tangguh site in Indonesia's West Papua province.
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bp and its partners have approved a $7bn investment in the Tangguh Ubadari CCUS Compression (UCC) project, set to unlock an estimated three trillion cubic feet of additional gas resources in Papua ...
Production at the Ubadari field is expected to start in 2028. Murray Auchincloss, CEO of bp, said: “This project not only unlocks a fantastic gas resource, it also represents an Indonesian first ...