Pertamina EP, an upstream subsidiary of Indonesia’s national oil company, this year plans to boost its capital expenditure by 8.7% to US$700 million with more exploration wells on the cards.
“We want to drill 13 exploration wells including in North Sumatra, South Sumatra, West Java and in Sulawesi,” Pertamina EP president director Nanang Abdul Manaf said.
He added that the company’s 2018 operating expenditure would rise around 9% to $1.2
