Eni set to take over ndonesian deepwater project

JAKARTA, Sept 30 (Reuters): Italy's Eni is expected to take over the Indonesian Deepwater Development (IDD) project as operator Chevron sells its interest in the gas venture, the chairman of the country's upstream oil and gas regulator said on Wednesday.

Chevron confirmed in January its plan to sell its 62 per cent interest in IDD project as the company makes global changes to cut costs and streamline operations.

Eni is already a partner in the project, along with China's Sinopec.

SKK Migas chairman Dwi Soetjipto told lawmakers that discussions were at the "finalisation process".

Eni did not immediately respond to a request for comment.