Pertamina Geothermal begins drilling second well for 55-MW Lumut Balai Unit 3 project
Bitget2026/09/25 06:30- Pertamina Geothermal Energy started drilling its second well, LMB-19.4, for the 55-MW Lumut Balai Unit 3 geothermal project.
- The well is targeted for completion within 40 days, supporting a project scheduled to reach full operations in 2030.
- Work follows a first exploration well spud-in in July 2026, using rig GDAP#123 to a depth of 2,500 meters.
- The South Sumatra development supports the group’s installed-capacity targets of 1 GW by 2028, rising to 1.8 GW by 2034.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic "accidentally" leaks IPO documents! Plans to raise $69.3 billion, valuation drops from 2 trillion to 1.3 trillion
Anthropic mistakenly published and then withdrew a prospectus for a planned $69.3 billion fundraising, with its valuation dropping from a peak of $2 trillion to between $1.1 trillion and $1.3 trillion.
Subaru Publishes Transcript of First-Half FYE 2027 Financial Results Presentation
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
WikiLeaks Founder Julian Assange Welcomes Daughter With Terminator Quote