KRI Nanggala 402 was only equipped with enough oxygen for three days after losing power

Hopes of rescuing dozens aboard a missing Indonesian submarine are fading as its oxygen reserves are believed to have run out, turning the focus to retrieving the stricken vessel from waters off Bali.

As hundreds of military personnel took part in a frantic hunt for the KRI Nanggala 402, authorities said the German-built craft was equipped with enough oxygen for three days after losing power.

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