PEP expects year-end oil production at 122,589 bopd

By Godang Sitompul

PT Pertamina EP (PEP) expected crude oil production until the end of this year to reach 122,589 bopd, and gas at 1,107 mmscfd, in line with its work program and budget (W&PB).

Until the end of this year, the company is expected to drill 15 wells including in Bentayan, Rantau, Ogan, and Talang Jimar fields in South Sumatra, as well as in Bunyu (Kalimantan), and Pondok Makmur (West Java).

?The estimated oil production until the end of the year is 122,589 bopd, and gas 1,107 mmscfd,? Vice President for Planning at PEP, Meidawati told Petromindo.com Monday.

She said that as of end of September, the company?s crude oil production stood at 122,058, or 99 percent of the W&PB target of 123,643.

Meanwhile, gas output as of the end of September reached 1,037 mmscfd, or 94 percent of the W&PB target of 1,107 mmscfd.

Editing by Reiner Simanjuntak