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    Indonesia's Pertamina estimates 2023 oil and gas production at 1.043 mln boepd

Summary

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.

by: Reuters

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Complimentary, NGW News Alert, Natural Gas & LNG News, Asia/Oceania, Top Stories, News By Country, Indonesia

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Indonesia's Pertamina estimates 2023 oil and gas production at 1.043 mln boepd

JAKARTA, Nov 21 (Reuters) - 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. (Reporting by Fransiska Nangoy, Editing by Louise Heavens)

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