Indonesia's Pertamina invests $2.14B in Upstream Assets in Jan-Oct
JAKARTA, Nov 24 (Reuters) - Indonesia's state-owned energy company Pertamina invested $2.14 billion in upstream assets from January to October this year, its CEO Dwi Soetjipto said on Tuesday, with total capex reaching $2.89 billion as of last month.
Earlier, Pertamina said it was expected total full-year investment to reach $4 billion this year, growing to $5-$6 billion in 2016, including a $1 billion budget for overseas asset acquisitions.
(Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Gopakumar Warrier)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Pertamina's Upstream Arm Produces 15% More Oil, Gas Than Planned (Sep 19)
- Andalas Joins Pertamina in Commercializing Marginal Gas Fields in Indonesia (Sep 02)
- Indonesia Encourages More Exploration, Development Activities in its Waters (Aug 31)