Sunday, May 26, 2024

Indonesia’s Pertamina, Russia’s Lukoil ink joint oil exploration/production MOU

AKARTA (XFN-ASIA) – State oil and gas firm PT Pertamina said it has signed a memorandum of understanding (MOU) with Russia’s Lukoil Overseas to cooperate in oil exploration and production activities in Indonesia, Russia and other countries.

It added that the MOU also lays the groundwork for cooperation between the two in applying the so-called enhanced oil recovery (EOR) technology in depleted oil fields in Indonesia.

Pertamina added that as a follow-up to the MOU, the two firms will set up a steering committee to monitor the activities of their joint projects.


Sam Allcock
Sam Allcock
Sam heads up Cheshire-based PR Fire, an online platform that has already helped over 10,000 businesses to grab widespread media coverage on their news at an extremely accessible price point.

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