PHE?s end September oil output stands at 71,000 bopd, gas at 480 mmscfd

By Godang Sitompul

PT Pertamina Hulu Energi (PHE) said that crude oil production as of end of September of this year stood at 71,000 bopd, while gas at 480 mmscfd.

Company Secretary Wahidin Nurzilia told Petromindo.com Wednesday that the year-to-date average production figure for oil was 65,600 bopd, and gas 480 mmscfd.

The production performances were more or less in line with the company?s work program and budget (WP&B), which for oil was set at 68,500 bopd, and gas 430 mmscfd, he said.

He said that the company has set a target to drill about 110 development wells at its main assets until end of this year.

Wahidin, however, said that production in the coming months may be affected by the current bad weather condition.

Editing by Reiner Simanjuntak