ConocoPhillips reports Q3 Indonesian liquids, gas production
Thursday, October 28 2004 - 02:43 AM WIB
US oil major ConocoPhillips reported Wednesday net Indonesian crude oil at 14,000 barrels per day (BPD) in the third quarter of 2004, similar to previous quarter?s liquids production, while natural gas production increased to 248 million cubic feet per day (MMCFD) from 237 MMCFD previously.
The company also reported that during the quarter, average realized crude and condensate price improved to US$42.71 per barrel compared to $36.20 in the previous quarter. Meanwhile, average realized natural gas price was $5.02 per MCF versus $4.28.
ConocoPhillips is the largest foreign leaseholder in Indonesia with 11 exploration and production licenses.(alex)