Pertamina eyes 1 million barrels production
Wednesday, May 19 2010 - 02:22 PM WIB
State oil and gas company PT Pertamina has targeted to increase its oil and gas production to 1 million barrels of oil equivalent per day (boepd) in 2015 from 432,000 boepd at present.
The output is projected at 700,000 boepd in 2014, company CEO Karen Agustiawan said on Wednesday.
She said growth will come from production fields, undeveloped fields and exploration.
The growth will also be spurred by acquisitions of assets at home and overseas, she said.
She did not however provide investment figures. (Alex)