PHE ONWJ?s 2014 production slightly lower than target
Friday, January 9 2015 - 07:06 AM WIB
PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ), a subsidiary of state owned oil and gas firm PT Pertamina (Persero) produced 40,510 barrels per day of oil and 186.1 mmscfd of gas in 2014, slightly lower than the targets set in the revised Work Program & Budget (WP&B) of the year, according to a top official of the firm.
Executive Vice President/General Manager of PHE ONWJ Jonly Sinulingga told Petromindo.com that the original target is 39,400 bopd and 204 mmscfd of gas, and the revised WP&B targeted 40,600 bopd and 196 mmscfd of gas.
He said, for 2015 the company targets 41,300 bopd and 165 mmscfd of gas.
?This year, PHE ONWJ will continue to conduct drilling and work-over activities, but it will depend on the crude price,? Jonly said.
Editing by Johannes Simbolon