Indonesia to Drill 200 Oil, Gas Wells by 2009, Regulator Says

Indonesia, the second-smallest member of OPEC, plans to drill 200 exploration wells by 2009 to find new oil and gas areas and replace aging fields, a government official said.

The country aims to discover 3.8 billion barrels in oil reserves and 17 trillion cubic feet in gas reserves, Trijana Kartoatmodjo, deputy chairman of oil and gas regulator BPMigas, said today in West Java, Indonesia.