• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Sunday, June 15
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Energy»Oil & Gas»Pertamina Nigeria Asset Acquisition To Raise Production To 650,000BOPD
Oil & Gas

Pertamina Nigeria Asset Acquisition To Raise Production To 650,000BOPD

By orientalnewsngApril 11, 2017No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

 

 

Yemisi Izuora

Pertamina International EP (PIEP) said it has increased its oil production to some 150,000 barrels of oil equivalent per day as of the first quarter of this year.

The additional supply was obtained from the Pertamina subsidiary’s overseas assets in Nigeria and five other countries.

The company anticipates increasing overall production volume to even higher, hoping to achieve some 250,000 BOEPD by 2025

PIEP Director, Slamet Riadhy, said the output came from oil and gas blocks in Nigeria, Algeria, Iraq, Malaysia, Tanzania, and Gabon.

“After Pertamina purchased more shares in Maurel et Prom by 72.65 percent in February, giving additional assets in three countries Tanzania, Gabon, and Nigeria, PIEP oil output now reaches 150,000 BOEPD,” Slamet said

PIEP currently has oil reserves amounting to 402 million barrels, surging from the 314 million barrels before the acquisition.

Meanwhile, its reserves have reserves surged to 758 BCF.

Pertamina is expecting to increase production volume even higher, to some 250,000 BOEPD by 2025.

“With our assets in 12 countries and potential new assets, we are optimistic to reach the 650,000-BOEPD target, with a 20-year production reserve ratio,” he said.

Share this:

  • Share
  • Email
  • Tweet
  • Reddit
000BOPD featured Pertamina Nigeria Asset Acquisition To Raise Production To 650
orientalnewsng

Related Posts

Spiraling Rig Increase Sign Of Revitalised Upstream Oil Sector In Nigeria- NUPRC 

June 14, 2025

Crude Prices Rise:  Petrol Price Hike In Nigeria Unlikely As Import Declines

June 14, 2025

Oil Prices Predicted To Hit $100 Per Barrel With Escalated Middle East Crisis 

June 14, 2025

Leave A Reply Cancel Reply

The latest
  • Court Jails Four Filipinos, Seven Nigerians For Cyberterrorism, Internet Fraud
  • Apapa Customs Command To Boost Rail Cargo Movement
  • EFCC Arraigns Jesam Michael Over Alleged Investment Scam
  • NYSC Urges Corps Members To Be Of Good Behaviour
  • Air Peace Expands Africa’s Global Reach
  • Heirs Insurance Utilizes Influence Of Entertainment Industry To Advance Insurance Growth 
  • Nigeria’s Maiden Insurance Week To Boost Sector’s Growth Target
  • IEA Highlights How 2025 Global Energy Investment Will Hit $3.3 Trillion 
  •  EU Nations Requires $278 Billion Investment To Boost Nuclear Power Capacities
  • Spiraling Rig Increase Sign Of Revitalised Upstream Oil Sector In Nigeria- NUPRC 
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2025 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.