Indonesia’s Pertamina sets 2022 upstream production target above 1 million boe/d
Indonesia’s Pertamina aims to boost its oil and gas production to more than 1 million b/d of oil equivalent in 2022, as Southeast Asia’s biggest economy aims to capitalize on high commodity and energy prices to expand the country’s current account surplus, according to management sources at the company. The tide has turned heavily in favor of upstream projects compared…