Nov. 15 (Bloomberg) -- PT Pertamina, Indonesia’s state-owned oil company, is producing 40,000 barrels of oil a day at its Offshore Northwest Java block, the International Oil Daily reported, citing a company statement.
The company has nearly doubled output since 2009, when it assumed ownership of the block from BP Plc. It is drilling more development wells and improving production facilities and sub-sea pipelines, IOD reported. Four more exploration wells are planned by early next year, IOD said.
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