Sele Raya meets 2016 output target, seeks higher output next year

By Febry Silaban

Oil and gas firm PT Sele Raya has managed to meet this year?s output target as average production from fields operated by the company has now reached 1,350 bopd.

"The production is (in line with the) target this year," the company?s President and General Manager Juchiro Tampi told Petromindo.com.

Juchiro said that the company's production target next year is 1,700 bopd.

Production comes from Belida block, onshore South Sumatra, and Merangin II block in South Sumatra.

Sele Raya has a 46 percent interest in the Belida block, while Chinese firm Sinochem and Indian firm Tata Petrodyne Limited hold 40 percent and 14 percent, respectively.

The Merangin II block was awarded to Sele Raya in October 2003. Sele Raya operates the block with a 44.6 percent interest, while the remaining is held by Merangin B.V. (35.4percent) and Sinochem Merangin Ltd. (20 percent).

Editing by Reiner Simanjuntak