ID :
97501
Thu, 12/31/2009 - 08:10
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https://www.oananews.org//node/97501
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BP MIGAS: 2009 OIL PRODUCTION MISSES TARGET
Jakarta, Dec 30 (ANTARA) - The Upstream Oil and Gas Regulatory Agency (BP Migas) said last year`s oil production reached only 949,000 barrels per day, or 99 percent of the 960,000 barrels per day set in the 2009 Revised State Budget.
Head of BP Migas R Priyono said in Jakarta Wednesday that the failure in reaching the oil production target was particularly caused by unscheduled halt of operation and lack of new oil field development.
"Without the two obstacles, the contractors would be able to produce up to 994,000 barrels per day," he said.
Giving a more detailed explanation, he said that without facing an obstacle to new oil field development, this year`s oil production may reach 972,000 barrels per day, and without a temporary halt of operation oil production may reach 971,000 barrels per day.
Citing as an example, Priyono pointed to the delay in production of the Banyuurip field in East Java, which also caused failure in reaching the oil production target.
"The delay, however, is beyond our control like refinery problems and pipeline permits," he said.
He added that in 2010, BP Migas will exercise tighter control of maintenance operations to prevent the oil fields from too frequent operational disruptions.
This year, unscheduled operational disruptions reached 197 cases with an oil loss of 22,000 barrels per day.
"The most frequent disruptions occurred with the production facilities reaching 134 cases, power disruptions 30 cases, climate problems 23 cases, and theft four cases," he said.
Priyono added that natural oil production this year reached 7,960 million cubic feet per day (MMSCFD), or 106 percent above the 7,526 MMSCFD projected in the State Budget.
"As a whole, oil and gas production in 2009 reached 2,374 barrels of oil equivalent," he said.
He said that throughout 2009, the production of ten contractors, including PT Pertamina EP, Kodeco, and PetroChina, had increased, while that of 14 others surpassed the target set in the State Budget with a volume of 8,315 barrels per day.
In terms of state income, Priyono said it reached 19.7 billion US dollars, more than the 18.8 billion dollars set in the State Budget.
He also said that since April 2009, BP Migas was required to use the services of state banks in transaction payments.
"In this first year, the commitment to the use of state banks reached 3.49 billion US dollars," he said.
In 2009, the drillings covered 73 wells, including 50 already tested and 33 wells had been found, or with a success ratio of 46 percent, or higher, compared to the world`s 20-30 percent only.
And the drilling of exploitation wells reached 969 wells or 16.7 percent higher than last year`s 831 wells.
With regard to investment realization, Priyono said it reached 10.87 billion US dollars, which is 12 percent lower than last year`s 12.096 billion US dollars.
"The decline in investment was caused by a drop in commitment, procurement efficiency, construction delays, because of the lack of approval, and delayed drillings," he said.
"This year`s cost recovery reached 9.9 billion US dollars, or 90 percent compared to the 11.05 billion US dollars set in the State Budget," he said.***
Head of BP Migas R Priyono said in Jakarta Wednesday that the failure in reaching the oil production target was particularly caused by unscheduled halt of operation and lack of new oil field development.
"Without the two obstacles, the contractors would be able to produce up to 994,000 barrels per day," he said.
Giving a more detailed explanation, he said that without facing an obstacle to new oil field development, this year`s oil production may reach 972,000 barrels per day, and without a temporary halt of operation oil production may reach 971,000 barrels per day.
Citing as an example, Priyono pointed to the delay in production of the Banyuurip field in East Java, which also caused failure in reaching the oil production target.
"The delay, however, is beyond our control like refinery problems and pipeline permits," he said.
He added that in 2010, BP Migas will exercise tighter control of maintenance operations to prevent the oil fields from too frequent operational disruptions.
This year, unscheduled operational disruptions reached 197 cases with an oil loss of 22,000 barrels per day.
"The most frequent disruptions occurred with the production facilities reaching 134 cases, power disruptions 30 cases, climate problems 23 cases, and theft four cases," he said.
Priyono added that natural oil production this year reached 7,960 million cubic feet per day (MMSCFD), or 106 percent above the 7,526 MMSCFD projected in the State Budget.
"As a whole, oil and gas production in 2009 reached 2,374 barrels of oil equivalent," he said.
He said that throughout 2009, the production of ten contractors, including PT Pertamina EP, Kodeco, and PetroChina, had increased, while that of 14 others surpassed the target set in the State Budget with a volume of 8,315 barrels per day.
In terms of state income, Priyono said it reached 19.7 billion US dollars, more than the 18.8 billion dollars set in the State Budget.
He also said that since April 2009, BP Migas was required to use the services of state banks in transaction payments.
"In this first year, the commitment to the use of state banks reached 3.49 billion US dollars," he said.
In 2009, the drillings covered 73 wells, including 50 already tested and 33 wells had been found, or with a success ratio of 46 percent, or higher, compared to the world`s 20-30 percent only.
And the drilling of exploitation wells reached 969 wells or 16.7 percent higher than last year`s 831 wells.
With regard to investment realization, Priyono said it reached 10.87 billion US dollars, which is 12 percent lower than last year`s 12.096 billion US dollars.
"The decline in investment was caused by a drop in commitment, procurement efficiency, construction delays, because of the lack of approval, and delayed drillings," he said.
"This year`s cost recovery reached 9.9 billion US dollars, or 90 percent compared to the 11.05 billion US dollars set in the State Budget," he said.***
