Bisnis, JAKARTA – The upstream oil and gas authority has set an ambitious target for exploration activities in this sector for the current year. The goal is for activities conducted by cooperation contract contractors to discover hydrocarbon reserves exceeding 500 million barrels of oil equivalent.
Rapid Progress of Deep-Sea Oil and Gas Exploration
The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) is aiming to significantly boost national oil and gas reserves, building on the success of finding 1,711.77 million barrels of oil equivalent (MMBOE) in the previous year.
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