PHE production 93% of target

By Godang Sitompul

Production from PT Pertamina Hulu Energi (PHE) has averaged 58,750 bopd and 490 mmscfd as of November, or about 93 percent of target set out under the 2012 Work Program and Budget, said President Director Salis S. Aprilian.

Salis added that in 2012, the company drilled 21 exploration wells and 82 development wells as an effort to increase reserve and production.

For next year, Salis told petromindo.com, the company targets to produce 76,000 bopd and 525 mmscfd.

Editing by Dadan Wijaksana