PHI's 1st-quarter oil, gas production surpasses targeted 649.2 mmscfd

PT Pertamina Hulu Indonesia (PHI) announced its oil and gas production in the first quarter of 2021 had surpassed its target outlined of 649.2 million standard cubic feet per day (mmscfd) despite the COVID-19 pandemic. Oil and gas production in the January-March 2021 quarter had reached 688.8 mmscfd, or 106.1 percent higher than the targeted 649.2 mmscfd, PHI President Director Chalid Said Salim stated. Oil production alone in the first quarter had reached 49 thousand barrels of oil equivalent per day (BEO/D), or 100.4 percent of the target, he noted.

May 04 2021, Antaranews - Read 7 times

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