Pertamina's 2004 plans include exploration in eastern Sulawesi

01/05/2004
PT Pertamina's 2004 work plan includes delineation of the large Donggi gas-condensate discovery on remote eastern Sulawesi Island that could anchor another Indonesian LNG export center.The newly privatized concern will dedicate 93% of its $700 million budget to oil and gas production, upstream director Bambang Nugroho told OPEC News Agency last week.The Sulawesi program includes deepwater drilling in the Molucca Sea off Toili.Banggai basinPertamina will drill 8 wells to try to boost reserves at its 2001 Donggi discovery on the Matindok block 1,150 miles east-northeast of Jakarta, Bambang said. The company originally estimated that Donggi had more than 20 tcf of proved and probable res...
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