Exploration & Production

PetroChina subsidiary to invest $300 mln in Indonesian production

PetroChina’s Indonesian unit plans to invest at least $300 million in 2018 to boost production at its oil and gas blocks in Java and Sumatra
By Staff reporter 12 January 2018 0 29076

PetroChina’s Indonesian unit plans to invest at least $300 million in 2018 to boost production at its oil and gas blocks in Java and Sumatra, The Jakarta Post reported on Friday.

The unit’s chairman, Gong Bencai, said the investment would help maintain production at existing blocks, including Jabung in Jambi, Tuban in East Java and Selat Panjang in Riau.

It will also be used to drill 16 new wells and finance workovers at 17 active wells.

PetroChina aims to produce 16.8 million cubic metres of gas and...