{
    "success": true,
    "data": {
        "id": 1287094,
        "msgid": "bayu-undan-investment-swells-1447893297",
        "date": "2000-12-19 00:00:00",
        "title": "Bayu Undan investment swells",
        "author": null,
        "source": "DJ",
        "tags": null,
        "topic": null,
        "summary": "Bayu Undan investment swells MELBOURNE (Dow Jones): Petroz NL, an Australian oil and gas concern, said Monday that the forecast capital cost of the Bayu Undan natural gas project has risen to US$1.57 billion from $1.5 billion. Petroz said its share of the cost has increased to $129.4 million from $123.3 million. Chief reasons for the cost boost include increased drilling rig rates, a reevaluation of design engineering needs, and anticipated platform design changes, Petroz said in a statement.",
        "content": "<p>Bayu Undan investment swells<\/p>\n<p>MELBOURNE (Dow Jones): Petroz NL, an Australian oil and gas<br>\nconcern, said Monday that the forecast capital cost of the Bayu<br>\nUndan natural gas project has risen to US$1.57 billion from $1.5<br>\nbillion.<\/p>\n<p>Petroz said its share of the cost has increased to $129.4<br>\nmillion from $123.3 million.<\/p>\n<p>Chief reasons for the cost boost include increased drilling<br>\nrig rates, a reevaluation of design engineering needs, and<br>\nanticipated platform design changes, Petroz said in a statement.<\/p>\n<p>Petroz, currently the subject of a takeover tussle, holds an<br>\n8.25 percent stake in Bayu Undan, which is located in the Timor<br>\nSea.<\/p>\n<p>Phillips, which controls 50.3 percent of the project, has<br>\noffered 70 cents a share for Petroz, trumping a 56-cents-a-share<br>\nbid from another Bayu Undan partner, Italy's ENI SpA.<\/p>\n<p>Other partners in Bayu Undan are Australia's Santos Ltd. with<br>\n11.8 percent, Japan's Inpex with 11.7 percent, and Kerr-McGee<br>\nCorp. of the U.S.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bayu-undan-investment-swells-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}