Pertamina in cooperation with China?s Daqing
Tuesday, January 15 2013 - 03:40 AM WIB
State owned oil and gas firm PT Pertamina has forged a cooperation on enhanced oil recovery (EOR) program development with China?s Daqing OilField Company Ltd. The two companies signed a Head of Agreement (HoA) last week in Jakarta.
The HoA will kick off a three-month feasibility study by the Chinese firm on certain fields belonging to Pertamina. The study results will be the basis for Daqing to come up with a proposal on specific EOR program to be negotiated with Pertamina, according to a media release.
Pertamina President Director Karen Agustiawan said the cooperation is one of Pertamina?s efforts to boost reserves and production, suggesting that more cooperation with other companies may follow suit.
Editing by Dadan Wijaksana