ID :
65017
Wed, 06/10/2009 - 10:51
Auther :
Shortlink :
https://www.oananews.org//node/65017
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PERTAMINA TO PRODUCE 171 THOUSAND BARRELS PER DAY
Jakarta, June 9 (ANTARA) - Indonesian state-owned oil and gas company PT Pertamina has set itself to produce 171.9 thousand barrels of oil per day in the face of its oil production decline by 18 percent per annum.
In order to achieve the production target, which increases from 150 barrels per day in the previous year, Pertamina will optimize the production of its main oil fields in Sukowati, Tambun, Limau and Polent, Minister Energy and Mineral Resources Purnomo Yusgiantoro said.
Pertamina's natural gas and oil production has experienced a good increase over the past several years. In the 1990s, Pertamina's oil production was only about 95,000 barrels per day but now reached 150,000 barrels per day.
The production target is expected to be met with the production of Pertamina's subsidiaries such as PT pertamina EP which is expected to produce 125,500 barrels per day (bpd), Pertamina Hulu Energi 34,700 bpd, Cepu 6.7 bpd and about 5 thousand bpd from acquired companies. The gas production in the meantime is set at 1,123 million cubic feet per day.
"This upward trend production must be maintained because Pertamina is also facing a decline in production rate of 18 percent per annum," Minister Purnomo Yusgiantoro said.
In order to achieve the production target, which increases from 150 barrels per day in the previous year, Pertamina will optimize the production of its main oil fields in Sukowati, Tambun, Limau and Polent, Minister Energy and Mineral Resources Purnomo Yusgiantoro said.
Pertamina's natural gas and oil production has experienced a good increase over the past several years. In the 1990s, Pertamina's oil production was only about 95,000 barrels per day but now reached 150,000 barrels per day.
The production target is expected to be met with the production of Pertamina's subsidiaries such as PT pertamina EP which is expected to produce 125,500 barrels per day (bpd), Pertamina Hulu Energi 34,700 bpd, Cepu 6.7 bpd and about 5 thousand bpd from acquired companies. The gas production in the meantime is set at 1,123 million cubic feet per day.
"This upward trend production must be maintained because Pertamina is also facing a decline in production rate of 18 percent per annum," Minister Purnomo Yusgiantoro said.
