Indonesia's Pertamina targets 5% increase in 2023 oil and gas lifting

JAKARTA, Feb 7 (Reuters): Indonesia's state energy company Pertamina is targeting oil and gas lifting in 2023 of around 900,000 barrels of oil equivalent per day (boepd), up 5% from the previous year, chief executive Nicke Widyawati told a parliamentary hearing on Tuesday.

Pertamina's upstream unit, Pertamina Hulu Energi, is planning to spend $5.7 billion in capital expenditure this year to help increase its production, chief executive Wiko Migantoro said at the same hearing.