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ConocoPhillips exits Indonesia with sale of Corridor gas project

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16 December 2021

ConocoPhillips exits Indonesia with sale of Corridor gas project

Report summary

ConocoPhillips has sold its 54% stake in the Corridor PSC in Indonesia to Medco Energi for US$1.355 billion. Medco will also acquire ConocoPhillips' interests in the associated Grissik and Transasia pipelines. The Corridor PSC is the second largest gas producer in Indonesia, supplying volumes to Singapore and Indonesian markets under various long-term contracts.The deal is well timed for ConocoPhillips. The US independent intends to use the proceeds from its sale in Indonesia to pre-empt EIG's acquisition of a 10% stake in Australia's APLNG.

Table of contents

Tables and charts

This report includes 8 images and tables including:

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Medco's production growth from acquisitions
  • Upstream assets: Table 1

What's included

This report contains:

  • Document

    ConocoPhillips exits Indonesia with sale of Corridor gas project

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