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Monday, July 15, 2019
Indonesia’s PT Pertamina is looking at an ambitious drilling program in Algeria. As it looks to boost production, the company unveiled a plan for growth in the North African country, which forecasts a 10% increase in oil and gas production before the end of 2020.
The current production of oil is 20,000 bpd and is expected to reach between 22,000 and 23,000 bpd, eventually. Of the 20,000 bpd that Pertamina currently produces in Algeria, 18,000 bpd is exported home by the company.
In a press release the company’s managing director, Denie S. Tampubolon, said that its 20-well drilling program over several fields that have seen little drilling, leads to optimism that production can be raised.
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