PHE?s oil output up 2.5 percent in fist half
Monday, August 27 2012 - 01:43 AM WIB
By Godang Sitompul
PT Pertamina Hulu Energi (PHE) saw oil production volume in the first semester of this year increased by 2.5 percent to 58,814 bopd from 57,386 bopd in the same period of last year.
Company President Director Salis Aprilian told Petromindo.com that gas production during the period rose to 488.91 mmscfd from 428.06 mmscfd.
Salis added that the company?s net profit in the first semester of this year increased to US$278 million from $263 million in the first half of 2011.
Editing by Reiner Simanjuntak