Southeast Asia Oil majors lose money due to cuts in production

JAKARTA INDONESIA – Kufpec Ltd and PT. Tucan Pumpco, Top 5 largest Indonesia oil and gas groups, are continuing to lose money on oil and gas production due to cuts in production.

The losses raise a question over the companies’ forecasts of strong growth in 2019 production , particularly in the region.

The two companies discussed their plans to replace US Engineering Company, M.A.C Engineering Solutions as soon as possible to regain full production.

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