December ICP down to $ 110.70 per barrel

The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at $110.70 per barrel in December, down $2.24 from $ 112.94 in November 2011, according to Directorate General of Oil and Gas website on Tuesday.

The price of benchmark crude Minas/SLC averaged $112.52 per barrel in December, decreased from $116.04 in November, the website said.

The decrease occurred in line with lower crude prices on the international market.

Editing by Roffie Kurniawan

INDONESIAN CRUDE	ICP FORMULA	PRICE November 2011 (US$/Bbl)	PRICE December 2011 (US$/Bbl)	PRICE December 2010 (US$/Bbl)
A. BENCHMARK CRUDE
01. SLC	50 % RIM/SLC + 50 % PLATT'S/SLC	116.04	112.52	93.81
02. ARJUNA	50 % RIM/ARJUNA + 50 % PLATT'S/ARJUNA	113.73	111.74	90.77
03. ATTAKA	50 % RIM/ATTAKA + 50 % PLATT'S/ATTAKA	115.80	114.33	93.12
04. CINTA	50 % RIM/CINTA + 50 % PLATT'S/CINTA	112.86	110.69	88.37
05. DURI	50 % RIM/DURI + 50 % PLATT'S/DURI	111.91	109.22	84.82
06. WIDURI	50 % RIM/WIDURI + 50 % PLATT'S/WIDURI	112.91	110.81	88.42
07. BELIDA	50 % RIM/BELIDA + 50 % PLATT'S/BELIDA	115.92	114.52	92.44
08. SENIPAH CONDENSATE	50 % RIM/SENIPAH CONDENSATE + 50 % PLATT'S/SENIPAH CONDENSATE	106.92	105.37	91.79
B. OTHER CRUDE
09. ANOA	ATTAKA + US$ 0.40/Bbl	116.20	114.73	93.52
10. ARUN CONDESATE	SENIPAH CONDENSATE	106.82	105.37	91.79
11. BADAK	ATTAKA	115.80	114.33	93.12
12. BEKAPAI	ATTAKA	115.80	114.33	93.12
13. BELANAK	ARJUNA - US$ 4.96/Bbl	108.77	106.78	85.81
14. BENTAYAN	SLC - US$ 1.96/Bbl	114.08	110.56	91.85
15. BONTANG RETURN CONDENSATE (BRC)	MOPS NAPHTHA - US$ 2.00/Bbl	93.25	96.61	91.83
16. BULA	DURI - US$ 0.50/Bbl	111.41	108.72	84.32
17. BUNYU	SLC	116.04	112.52	93.81
18. CAMAR	ARJUNA + US$ 0.38/Bbl	114.11	112.12	91.15
19. CEPU	ARJUNA - US$ 4.64/Bbl	109.09	107.10	86.13
20. GERAGAI	SLC + US$ 0.19/Bbl	116.23	112.71	94.00
21. GERAGAI CONDESATE	BRC - US$ 0.26/Bbl	92.99	96.35	91.57
22. HANDIL MIX	ARJUNA + US$ 0.15/Bbl	113.88	111.89	90.92
23. JAMBI	SLC + US$ 0.19/Bbl	116.23	112.71	94.00
24. JATIBARANG	SLC	116.04	112.52	93.81
25. KAJI	SLC + US$ 0.40/Bbl	116.44	112.92	94.21
26. KERAPU	BELIDA - US$ 0.34/Bbl	115.58	114.18	92.10
27. KLAMONO	DURI - US$ 0.50/Bbl	111.41	108.72	84.32
28. KOMP. PLB. SLT./TAP/JENE/SERDANG	SLC	116.04	112.52	93.81
29. LALANG	SLC + US$ 0.05/Bbl	116.09	112.57	93.86
30. LANGSA	ATTAKA - US$ 0.40/Bbl	115.40	113.93	92.72
31. LIRIK	SLC - US$ 0.11/Bbl	115.93	112.41	93.70
32. MADURA	ARJUNA + US$ 0.13/Bbl	113.86	111.87	90.90
33. MENGOEPEH	SLC + US$ 0.19/Bbl	116.23	112.71	94.00
34. MESLU	ATTAKA - US$ 3.17/Bbl	112.63	111.16	89.95
35. MUDIMIX	ARJUNA - US$ 0.30/Bbl	113.43	111.44	90.47
36. NSC/KATAPA/ARBEI	ATTAKA - US$ 0.11/Bbl	115.69	114.22	93.01
37. PAGERUNGAN CONDENSATE	SENIPAH CONDESATE - US$ 0.75/Bbl	106.07	104.62	91.04
38. PAM.JUATA/SANGA2 MIX	SLC + US$ 0.10/Bbl	116.14	112.62	93.91
39. PANGKAH	ARJUNA - US$ 1.30/Bbl	112.43	110.44	89.47
40. RAMBA/TEMPINO	SLC + US$ 0.19/Bbl	116.23	112.71	94.00
41. RIMAU/TABUHAN	SLC - US$ 0.10/Bbl	115.94	112.42	93.71
42. SANGATTA	SLC	116.04	112.52	93.81
43. SELAT PANJANG	SLC	116.04	112.52	93.81
44. SEPINGGAN YAKIN MIX	ARJUNA	113.73	111.74	90.77
45. SOUTH JAMBI CONDENSATE	SENIPAH CONDENSATE - US$ 1.94/Bbl	104.88	103.43	89.85
46. TANJUNG	SLC + US$ 0.19/Bbl	116.23	112.71	94.00
47. TIAKA	DURI - US$ 3.00/Bbl	108.91	106.22	81.82
48. UDANG	SLC + US$ 0.08 Bbl	116.12	112.60	93.89
49. WALIO MIX	ARJUNA - US$ 2.05/Bbl	111.68	109.69	88.72
50. WEST SENO	ATTAKA - US$ 0.65/Bbl	115.15	113.68	92.47
Source: Directorate General of Oil and Gas at the Ministry of Energy and Mineral Resources