Oil and gas upstream spending in Indonesia expected to rise 47 % in 2010
Dec 31, 2009 01:00 AM
Oil and gas companies in Indonesia plan to raise upstream spending by 47 % to $ 15.99 bn next year from $ 10.87 bn
this year, the chairman of upstream regulator BP Migas said.
Companies plan to spend $ 13.63 bn on developing oil and gas production areas while $ 2.36 bn will be allocated for
exploration, Raden Priyono told.
