Pertamina, Lukoil eye same oil projects in Iran
owned Energy Company Pertamina and Russian Lukoil are negotiating with Iran to develop the same oil projects. The Office of the Coordinating Economic Minister of Indonesia issued a statement Feb.27, saying that Pertamina will submit proposals to the Iranian government for the exploration of Ab Teymour and Mansouri oil fields. Based on a study conducted by Pertamina, the oil reserves in the two fields amount to 1.5 billion barrels (recoverable oil). “The production potential reaches 200,000 barrel per day at each field,” the statement said, ...
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