JAKARTA, Sept 6 (Reuters) -
* Saka Energi Indonesia, a subsidiary of state gas company PT Perusahaan Gas Negara (PGN), plans to boost oil and gas production to around 50,000 barrels of oil equivalent per day (boepd) in 2024 from this year’s target of 37,850 boepd, the company’s president director said on Friday.
* Nofriadi, president director of Saka Energi Indonesia, said increasing output will come from existing blocks, new developments, as well as mergers and acquisitions. The company is also looking at some blocks near production or already producing located around PGN’s pipeline to make it more efficient to transport.
* The company also prefers in the case of overseas blocks to acquire those producing liquefied natural gas (LNG) since it will be more flexible to reach the market.
* Saka has produced 38,084 boepd as of the first half of 2019.
* The company’s production this year is expected to be lower compared with last year’s 49,600 boepd due to expired, not extended blocks in East Kalimantan and South Sumatra. (Reporting by Wilda Asmarini and Bernadette Christina Munthe; Editing by Tabita Diela and Ed Davies)