Mitsubishi acquires a stake in Senoro-Toili JOB from Medco
Mitsubishi has announced the purchase of a 20% interest in the Indonesian Senoro-Toili JOB from Medco Energi for US$260 million. The JOB contains the small producing Tiaka oil field, as well as the larger Senoro gas field. Senoro will be developed to supply gas into the Donggi-Senoro LNG (DSLNG) plant, which received Final Investment Decision (FID) in January 2011. Wood Mackenzie expects first production from Senoro to be achieved in late 2014/early 2015. Mitsubishi already holds a 45% ...