Indonesia's Pertamina Estimates 2023 Oil and Gas Production at 1.043 mln BOEPD

ENERGY - JAKARTA. Indonesia's state oil company Pertamina Hulu Energi estimated its oil and gas production this year at 1.043 million barrels of oil equivalent per day (BOEPD), up 8% from last year, its chief executive Wiko Migantoro said on Tuesday.

For 2024, the company plans to produce 1.071 million BOEPD of oil and gas, Wiko told parliament.

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The production covers both its domestic and overseas operations.

Meanwhile, Pertamina plans to invest $5.71 billion next year in its upstream operations, up from this year's $4 billion, Wiko added.