Area Drilling

Indonesia TotalFinaElf plans a 22% hike in upstream investment in Indonesia this year to maintain gas production.The $1.1 billion outlay this year is aimed at Peciko and Tunu fields on the Mahakam production-sharing contract in East Kalimantan, which average 2.4 bcfd of gas, OPEC News Agency reported.The company has shown interest in 11 blocks the country offered for tender in January. They include 5 in East Java, 1 in north central Java, 2 in North Bali, 2 in Jambi province on Sumatra, and 2 in East Kalimantan.A company spokesman said TotalFinaElf hopes for a clear ruling from the government on how the output of the blocks would be handled.Pakistan MOL Hungarian Oil & Gas PLC, Budapest...

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