Fetching News Details
US supermajor ExxonMobil (NYSE:XOM) is planning to increase its investment in Indonesia’s giant Cepu Block by $170 million. The investment is expected to increase oil output by 20,000 barrels per day. Director General of Oil and Gas at the Energy and Mineral Resources (ESDM) Ministry Tutuka Ariadji said ExxonMobil and its partners struck a deal with upstream regulator SKK Migas to increase its investment by more than $170 million, reported local media.
