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Pertamina tries to battle falling oil and gas production

Indonesia’s state firm is battling to reverse the country’s falling oil and gas production

In a bid to cut Indonesia’s increasing dependence on imports, national oil company (NOC) Pertamina has unveiled an aggressive plan to almost double its production within four years. The net oil importer has failed to stem falling oil production, but Pertamina – formed in 1968 – is again emerging as a national champion. It’s timely too. Indonesia is struggling to attract international investment in its maturing oil and gas sector. So it is critical that the NOC regains some mojo, acting as a credible alternative to the majors. Renewed confidence in a more capable Pertamina, which has radically reversed production in mature areas, such as the Offshore North West Java Block, formerly operate

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