Pertamina invites SOCAR to participate in explorations in Indonesia

Baku, Azerbaijan, June 4

By Maksim Tsurkov - Trend:

Indonesia's state oil and gas company Pertamina invited the Azerbaijani state oil company SOCAR to take part in explorations in the Asian country, Eko Rukmono, Vice-President of Exploration and Evaluation of Upstream Directorate at Pertamina told Trend.

According to Rukmono, the two companies could successfully cooperate in the exploration of oil and gas in Indonesia.

"Indonesia enjoys huge hydrocarbons reserve. The country's estimated oil reserve is over 60 billion barrels, while gas reserves are estimated at the level of 30 trillion cubic meters of gas. Indonesia has 48 oil and gas basins, where geological exploration is needed. SOCAR maybe useful for Pertamina, and we invite the Azerbaijani company to take part in the exploration in Indonesia," Rukmono said.

Pertamina was established in 1968 following the merger of Pertamin and Permina. It is the biggest producer and exporter of liquefied natural gas.

The average daily oil production in Indonesia is currently around 790,000 barrels per day.

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