BP and partners said they would invest $7 billion in a carbon capture project and gas field development in Indonesia's easternmost Papua region that could unlock 3 trillion cubic feet of additional gas resources.

The British oil giant approved plans to expand the facility in the troubled Indonesian province of West Papua at a meeting with President Prabowo Subianto.

while expanding and utilizing existing infrastructure at the Tangguh LNG facility in Papua Barat, Indonesia; production at the Ubadari field is expected to start in 2028. BP's (BP) FID represents the continued development of Tangguh, following the addition ...