The Jakarta Post | April 07, 2012
Pertamina Hulu Energi (PHE) says it will buy stakes in eight oil and gas blocks in the Asia-Pacific region to boost production.
PHE,
as a subsidiary of state-run oil and gas firm PT Pertamina, would
follow the policies of its parent company, PHE president director Salis
S. Aprilian told reporters in Jakarta on Thursday.
“[Pertamina’s]
upstream directorate chooses which assets to acquire and then PHE will
execute the plan. For this year, the blocks may be in the Middle East,
Thailand, Vietnam or Myanmar. The location will be in Asia Pacific,” he
said.
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