Petronas subsidiary PC North Madura II has committed to develop the Hidayah oil field in the North Madura II contract area offshore East Java, Indonesia.
Courtesy "Valeura Energy Inc. Corporate Overview, December 2024"
Valeura Energy has budgeted 2025 capex in the range of $125 million to 150 million for its global E&P programs, plus about $11 million for exploration drilling.