Medco's 2002 operating results
Wednesday, April 16 2003 - 02:43 AM WIB
The details of the company operating results are summarized below:
|
2001 |
2002 |
EXPLORATION & PRODUCTION | ||
Proven Oil Reserves (million barrels) |
|
|
- Kalimantan |
15.80 |
15.54 |
- Sumatra |
144.70 |
131.91 |
Total |
160.50 |
147.45 |
|
|
|
Proven Gas Reserves (billion cubic feet) |
|
|
- Kalimantan |
54.60 |
65.67 |
- Sumatra |
49.30 |
60.96 |
Total |
103.90 |
126.63 |
|
|
|
Oil Production (barrels per day) |
|
|
- Kalimantan |
7,100 |
7,200 |
- Sumatra |
75,100 |
78,800 |
Total |
82,200 |
86,000 |
|
|
|
Gas Sales (million cubic feet per day) |
|
|
- Kalimantan |
34.20 |
38.30 |
- Sumatra |
42.90 |
30.50 |
Total |
77.10 |
68.80 |
|
|
|
Oil Sales Prices (US$ per barrel) |
|
|
- Kalimantan |
23.78 |
25.39 |
- Sumatra |
23.92 |
25.29 |
Average Price |
23.91 |
25.30 |
|
|
|
Gas Sales Prices (US$ per million British thermal unit) |
|
|
- Kalimantan to Methanol plant |
1.42 |
1.42 |
- Kalimantan to PLN |
2.32 |
2.50 |
- Sumatra to Fertilizer (PUSRI) |
1.33 |
1.33 |
|
|
|
DRILLING SERVICES | ||
- Onshore rigs utilizes |
43% |
61% |
- Offshore rigs utilizes |
100% |
70% |
|
|
|
DOWNSTREAM - METHANOL | ||
- Production (metric tons) |
257,000 |
223,304 |
- Sales (metric tons) |
248,000 |
232,576 |
- Average price (US$ per MT), FOB Bunyu |
116.00 |
132.30 |
Medco said earlier that it posted 2002 net profit (unaudit) of US$82.02 million, up from $77.14 million in the previous year.
The company, the only Indonesian oil firm listed on the bourse, produces oil and gas through its subsidiary PT Exspan Nusantara and is owner of the country?s top drilling company PT Apexindo Pratama Duta and Kalimantan-based methanol producer PT Medco Methanol Bunyu.
Medco is 85.51 percent owned by Mauritius-based investment company New Links Energy Resources Ltd. (robert)