East Ventures is leading a Rp 10 billion fundraising for Nusantics to produce Covid-19 test kits.
Medco Energi Internasional has slashed its capital expenditure and revised the production target in 2020 because of plummeted oil prices.
Corporations are continuing their expansion plans amid the turmoil on the stock market due to the Covid-19 pandemic.
Covid-19 pandemic remains a frightening issue for entrepreneurs.
Approaching the end of the first quarter of 2020, several corporations reported their performance over the past year.
SKK Migas targets Chevron to drill at least 100 infill wells in the Rokan Block.
Pertamina Hulu Energi is reviewing the 2020 work plan.
Several companies are keen to take advantage of business opportunities amid the Covid-19 pandemic.
PGAS' net profit for 2019 fell 77.8% percent to US$ 67.58 million.
Pertamina EP has spent a total of US$ 494 million to drill 26 wells.