Jakarta — Indonesia oil and gas regulator SKK Migas said there was $5.21 billion worth of investment in Indonesian upstream projects in January-June this year, Chairman Dwi Soetjipto told reporters.
The first-half investment rose from $4.5 billion investment in the same period last year, Soetjipto said.
The SKK Migas is targeting $14.79 billion in upstream oil and gas investment this year.
Meanwhile, SKK Migas deputy Fatar Yani Abdurrahman estimated oil lifting this year to be at 755,000 barrels per day and gas lifting at 1.06 million barrel of oil equivalent per day.
The estimates are inline with Indonesia’s Finance Ministry outlook earlier this week for oil and gas.