Pertamina and Medco take slices of Eni's Indonesia offshore assets

Italian giant Eni has agreed to sell 10% interests in seven offshore production sharing contracts in Indonesia to Pertamina and MedcoEnergi as it reshapes its portfolio after creating its Searah joint venture with Petronas. The company will sell Pertamina 10% stakes in the East Sepinggan, North Ganal, and Rapak PSCs, all located offshore East Kalimantan…