Govt, House agree on 2011 crude lifting, ICP target

The government and House of Representatives (DPR) commission VII agreed Thursday to set the 2011 oil lifting assumption at 970, 000 barrels per day (bpd) and Indonesian crude price (ICP) assumption at $80 per barrel.

This year?s lifting target was set at 965,000 barrels per day (bpd) and ICP at $80 per barrel. (godang)