#Oil & Gas
Govt optimistic of hitting year-end target as daily oil lifting reaches 608,000 barrels
The government is optimistic of achieving the year-end oil production target as Indonesia’s daily oil lifting has surpassed 608,000 barrels per day over the past two weeks, exceeding the government’s annual target of 605,000 barrels per day.
Indonesia asked to exercise caution in $15 billion U.S. oil & gas import plan
An expert has called on the government to carefully consider its plan to import up to US$15 billion worth of oil and gas from the United States on the grounds that the move could significantly increase logistics and insurance costs.
Pertamina supports government push to accelerate 2025 Oil&Gas lifting targets
State energy company PT Pertamina is determined to support the Indonesian government's efforts to accelerate oil and gas (migas) lifting targets in 2025, amid national energy security challenges and global market volatility.
PHR discovers Indonesia's first unconventional oil & gas well
PT Pertamina Hulu Rokan (PHR), an upstream subholding of State energy company PT Pertamina, has made history in the national oil and gas industry after discovering the first unconventional oil and gas (MNK) resource in Indonesia, namely the Gulamo DET-1 Well in the Rokan Block, Dumai, Riau.
Government prepares for departure of international oil companies
International oil and gas companies are slowly leaving projects in Indonesia. Chevron will be leaving the Indonesia Deepwater Development (IDD) project in East Kalimantan, while Shell will be leaving the Masela Block, which is a giant natural gas project in Maluku.