Pertamina plans to acquire foreign oil and gas blocks

Indonesia's national oil and gas company, PT Pertamina, is planning to buy mostly overseas oil and gas blocks in order to meet its target of 2.2 million barrels of oil equivalent per day (boepd) in 2025.

Pertamina will acquire mainly oil and gas blocks that are producing or at the development stage, as well as assets that have significant oil reserves. The company also said that 70% of its oil and gas acquisitions would be of overseas assets, which were expected to provide 600,000 bpd of the total output target. Pertamina did not specify the countries where it is looking for assets.

Pertamina's current oil and gas output is 465,220 boepd.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...