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


Selasa, 21 November 2023 / 18:28 WIB
Indonesia's Pertamina Estimates 2023 Oil and Gas Production at 1.043 mln BOEPD
ILUSTRASI. Pertamina Hulu Energi.


Sumber: Reuters | Editor: Yudho Winarto

KONTAN.CO.ID - 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.

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