ChevronTexaco?s Indonesian oil production up 12 % in Q1

U.S. oil giant ChevronTexaco reported Friday its Indonesian net liquid production had increased by 12 percent to 230,000 BPD in the first quarter of 2004 from 205,000 BPD in last year?s corresponding quarter.

ChevronTexaco's subsidiary PT Caltex Pacific Indonesia is the country's largest oil producer, producing 40 percent of Indonesia's crude production from its three production sharing contracts in Central Sumatra. ChevronTexaco also has a 25 percent non-operating interest in the South Natuna Sea Block B, which is operated by ConocoPhillips.

ChevronTexaco Indonesian net liquids production reached approximately 223,000 BPD in 2003. (robert)