JAKARTA. PT Pertamina (Persero) expects to generate US$ 58.33 billion in revenue and US$ 2.2 billion in net profit in 2020.
Nicke Widyawati, Director of Pertamina, said the target was made with the company's performance in 2019 taken into consideration. To achieve this target, Widyawati set an oil production target of 430 thousand barrels per day and gas production target of 2,857 million standard cubic feet per day (MMSCFD).
Thus, Pertamina's oil and gas production in 2020 is expected to reach 923 thousand barrels of oil equivalent per day (BOEPD), higher than this year's target of 906 thousand BOEPD.
Meanwhile, the assumption of the Indonesian Crude Price (ICP) in 2020 was set at US$ 63 per barrel, with an exchange rate of Rp 14,400 per US dollar, as quoted by Kontan on Friday (29/11) today. (KR/AR)