PHE oil production as of March at 59,353 bopd

By Godang Sitompul

PT Pertamina Hulu Energy (PHE), a subsidiary of state oil and gas company PT Pertamina, recorded realized oil production of 59,353 bopd as of end March and 466 mmscfd of gas, President Director Salis Aprilian said.

The production is still below this year?s target of 70,800 bopd and 525 mmscfd of gas. Salis said land permit, high tides and rig scarcity were the main reasons behind the below-than-target performance.

The biggest oil and gas production will be PHE Offshore North West Java (PHE ONWJ), PHE West Madura Offshore (PHE WMO), PHE Ogan Komering in onshore South Sumatra, PHE Pertamina-Petrochina East Java (PPEJ), PHE Jambimerang and PHE CPP block in Riau.

Editing by Dadan Wijaksana