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Indonesia's Pertamina targets 42 pct increase in 2017 crude output

reuters.com

JAKARTA, Oct 25 (Reuters) - Indonesia's Pertamina is targeting a 42 percent increase in crude oil production and 17 percent increase in gas production in 2017 amid continued overseas expansions, a spokeswoman at the state-owned energy company said on Tuesday.

Pertamina targets average crude oil production of 438,000 barrels per day (bpd) in 2017, up from a target of 308,000 bpd this year, spokeswoman Wianda Pusponegoro told reporters. Pertamina is also targeting average gas output of 2.278 billion standard cubic feet per day in 2017, up from a targeted 1.951 billion standard cubic feet per day this year.


(Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Christian Schmollinger)

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