Vice president of Corporate Communications for Pertains, Wianda Pusponegro said on Tuesday that the company’s oil production has reached 305,000, meaning oil production has increased 12.5% compared to the same time last year.
Ms. Pusponegro stated, “with this increase, Pertaminas oil and gas production rose on a consolidated basis than that in last year.”
Ms. Pusponegro said oil production in Algeria increased 20% bpd or gas production at 111 mmscfd.
Malaysian operations for Pertaminas oil and gas production recorded 21,000 bpd and 89 mmscfd. Corporate Communications in Iraq also stated that Pertaminas oil production reached 44,000 bpd. “The increase in production was supported by a rise in oil production in Iraq and Algeria. A significant increase in gas production was reported in Algeria and Malaysia.”
Also, Pertamina announced the projects they have planned to invest US$15.9 billion geothermal projects between 2016-2030 planning to implement 11 projects in six locations. Moreover, Pertamina has invested US$15.9 billion on geothermal projects during the 2016-2030 period.