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View all search resultsPT Pertamina EP, an upstream business subsidiary of state-owned oil and gas holding company Pertamina, has said the company aims to book US$780 million next year or 42.60 percent higher than this year’s target of $547 million.
The oil production of PT Pertamina EP (PEP)'s Asset 5 , an upstream subsidiary of state-owned oil and gas holding company Pertamina, has reached 18.366 barrels of oil per day (BOPD), about 106 percent of its target of 17,250 BOPD, a company official has said.
PT Pertamina EP, a subsidiary of state-owned oil and gas holding company Pertamina, has said that up to August, Asset 4 in the Sukowati field had produced 16,385 barrels of oil per day (bopd) or 120 percent of the production target of 14,032 bopd.
Pertamina EP, one of the upstream subsidiaries of state-owned energy giant Pertamina, has set a target to increase its annual capital expenditure by 8.7 percent to US$700 million this year, in line with its plan to drill more exploration wells.
State-owned energy firm Pertamina plans to expand its presence in Algeria by penetrating deeper into that country's oil and gas sector, officially amending on Thursday its memorandum of understanding (MoU) with Algerian state energy firm Sonatrach
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