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AKARTA: Medco Tunisia Anaguid, a subsidiary of Indonesia’s largest private oil and gas firm, PT Medco Energi Internasional (MEI), says it has targeted to produce around 3,000 barrels of oil a day (bpd) at the Durra field in Tunisia.

MEI president commissioner Hilmi Panigoro said on Monday that his company expected production to begin in June.

“We hope to begin producing oil in June while continuing to test how many barrels we can produce from the block daily over the long term,” Hilmi told reporters on the sidelines of the US-Indonesia Energy Investment Roundtable in Jakarta.

Medco Tunisia Anaguid holds a 20 percent stake in the Durra block, OMV Anaguid owns a 30 percent stake and Tunisian state-owned oil and gas company Tunisienne d’Activites Petrolieres has a 50 percent stake. — JP