Indonesia approves $2.4 billion development plan for Rokan block -regulator

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JAKARTA : Indonesia's upstream oil and gas regulator SKK Migas has approved a 35 trillion rupiah ($2.41 billion) investment plan by state energy company Pertamina to expand production at the Rokan oil block, it said in a statement late on Thursday.The approval was for a second phase of Pertamina's develop

JAKARTA : Indonesia's upstream oil and gas regulator SKK Migas has approved a 35 trillion rupiah investment plan by state energy company Pertamina to expand production at the Rokan oil block, it said in a statement late on Thursday.

"Rokan block is still a backbone of national oil production with an average production of around 160,000 barrels per day currently," SKK Migas chairman Dwi Soetjipto said.

 

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