PIEP?s production in 2015 above target
Tuesday, January 19 2016 - 01:55 AM WIB
By Godang Sitompul
PT Pertamina Internasional EP (PIEP), a subsidiary of state owned oil and gas firm PT Pertamina tasked to handle the firm?s oil and gas assets outside of the country, produced 114,200 bpd of oil in 2015, higher than the target of 94,700 bpd.
PIEP?s President Director Slamet Riyadi said the firm targets production to increase to 600,000 bpd until 2025.
The 2015 production came from Malaysia (38,500 bpd), Algeria (38,500 bpd), Iraq (37,100 bpd).
Editing by Johannes Simbolon