Sele Raya?s production reaches1,500 bopd

By Febry Silaban

Production from fields operated by oil and gas firm PT Sele Raya has currently reached 1,500 bopd, according to a top official of the firm.

?We are targeting production of 1,500 to 1,800 bopd this year, depending on oil prices and weather (condition),? company?s President and General Manager Juchiro Tampi told Petromindo.com.

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 a44.6 percent interest, while the remaining is held by Merangin B.V. (35.4percent) and Sinochem Merangin Ltd. (20 percent).

Editing by Reiner Simanjuntak