Indonesian state-owned oil and gas company PT Pertamina announced its plan to expand its business in Qatar and Egypt by buying stakes in oil and gas companies in the two countries, reported the Rigzone.
Pertamina is currently “aggressively” expanding oil explorations abroad including in Sudan, Libya, Ecuador and Vietnam.
Sukusen Soemarinda, Upstream Director of Pertamina said the company is set to increase its annual crude oil production and for that purpose it will send a team to Qatar and Egypt to study offers it has received from oil and gas companies in the two countries.
Sukusen said many facilities have been offered abroad such as in taxation for Pertamina, currently producing around 140,000 barrels of crude oil a day.
The Indonesian company already has two oil blocks in Libya and drilling is to start next years in two or three wells, he said.
In Ecuador, Pertamina has carried out seismic surveys over two blocks.