Oil & Gas Journal

The Budget Commission of the House Representative (DPR) and the Indonesian Government have agreed on the cost recovery set at US$10.21 billion in the State Budget (APBN) for 2019, lower than US$11.39 billion set on State Notes 2019. The decline in production cost, to less than US$5.13 billion from US$5.95 billion, is the main reason for setting lower cost recovery.

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