INDONESIAN E&D ACTION SETS BLISTERING PACE

Exploration and development action in Indonesia is setting a blistering pace. Several indicators of E&D activity reached record levels in 1990 and are expected to match or surpass those levels in 1991, says the U.S. Embassy in Indonesia. As evidence of that, state oil company Pertamina in recent weeks has signed six more production sharing contracts (PSCs) with private companies, covering at least $154 million in outlays for exploration during initial 6-10 exploration periods. The six

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