Hidayah is a conventional oil development located in shallow water in Indonesia and is operated by PC North Madura II. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Hidayah was discovered in 2021, lies in block North Madura II. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2027. The development cost is expected to be $926 m.
Field participation details
The field is owned by Petroliam Nasional.
Production from Hidayah
Production from the Hidayah conventional oil development project is expected to begin in 2027 and is forecast to peak in 2033, to approximately 25,276 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2061.
Remaining recoverable reserves
The field is expected to recover 118.44 Mmboe, comprised of 118.44 Mmbbl of crude oil & condensate.
For more details on the Hidayah Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
