Jakarta, Indonesia (News Today) - The Upstream Oil and Gas Regulating Agency (BP Migas) said Indonesia’s crude oil and condensate production so far had continued to rise. Head of BP Migas R Priyono said in Jakarta on Tuesday that the average oil production until June 2010 was recorded at 960,203 barrels per day.
"The production level increased by 553 barrels per day compared to the average production until May 2010 which was 959,650 barrels per day," he said.
He said he was optimistic that production will exceed the target set in the 2010 revised state budget at 965,000 barrels per day. Meanwhile, the position of oil production as of June 24, 2010 has exceeded the target as set in the revised budget at 965,449 barrels per day.
For gas, according Priyono, the average production has up to June exceeded the 2010 budget assumptions. Gas production was recorded to reach 8,827 million cubic feet per day (MMSCFD), while the target in the state budget is 7,758 MMSCFD.
Production on June 24, 2010 reached 8,804 MMSCFD. Oil production continued to rise following the cancellation of restrictions on cost recovery refunding and the clarity of the application of Law No. 32/2009 on the Protection and Management of the Environment(PPLH).
In March 2009, oil production was recorded at 954.1 thousand barrels per day and in April and May it rose further to 956,000 barrels and 959,650 barrels.
Source : kompas
Friday, July 2, 2010
Indonesia's Oil Production Increasing
0 komentar:
Post a Comment