industry, the Indonesian government has optimistically forecast that the country will produce 1.05 million b/d of oil this year, up from its earlier target of 910,000 b/d. It added that investment in the domestic oil sector could reach US$1.16 billion. The government has been pressing operators to fully develop their fields to take advantage…
INDONESIA: Government says oil output to exceed one million b/d this year
Posted on April 16, 2008 by EnergyAsia