(EnergyAsia, March 7) — A private Indonesian oil company, Medco Energy, has expressed doubts that the country can achieve its goal of raising crude oil output from the current level of 1.07 million barrels/day to 1.3 million b/d in 2009. Cyril Noerhadi, Medco’s finance director, said it would take a long time to bring…
INDONESIA: Private firm doubts national oil production target is achievable
Posted on March 7, 2006 by EnergyAsia