[Kabar-indonesia] Chevron To Invest US$6B In Offshore Indonesia Oil, Gas Block

[Joyo at aol.com]

Chevron To Invest US$6B In Offshore Indonesia Oil, Gas Block

JAKARTA, Oct. 9 (Dow Jones)--California-based Chevron Corp. (CVX) will invest 
US$6 billion over the next four years to develop its offshore oil and gas 
field in 
East Kalimantan. 

"During a meeting, it was revealed that Chevron is committed to spend $6 
billion in East Kalimantan," Kardaya Warnika, the chairman of Indonesia's official 
upstream 
oil and gas regulating body BP Migas, told reporters over the weekend. 

However, he didn't elaborate on the plan. 

Chevron will also seek to boost crude production from Duri field in Riau by 
6,000 barrels a day, he added. 

Separately, Suwito Anggoro, president director of PT Chevron Pacific 
Indonesia, a unit of Chevron which operates Duri and other fields in Sumatra, told 
reporters that the company plans to spend $1 billion over the next three to four 
years to maintain output at its current level of 200,000 b/d.