Pertamina EP, a subsidiary of state-owned oil and gas firm PT Pertamina, announced on Wednesday that it had found new oil and gas reserves in Sungai Jaing, Tabalong regency, South Kalimantan, according to Jakarta Post.
Pertamina EP spokesman Ruspandi said in Tanjung that the company intended to apply for a permit and principle license from the Tabalong administration. A permit and principle license must be obtained before drilling activities can start, he said without giving details of the oil reserves.
Pertamina EP legal and community assistant manager Himawan Djatmiko said earlier that the Sungai Jaing area constituted a new location to add to existing operations in the districts of Tanta, Tanjung and Murung Pundak.
“Pertamina needs to find new oil and gas reserves to enable it to boost production,” he said.