SKK Migas expects oil, gas output to increase in second half
Thursday, July 3 2014 - 03:49 AM WIB
?As such, production is expected to ramp up,? he said on Wednesday. He explained that as of the first semester of this year crude oil production stood at 796 thousand barrels per day (bpd), and gas production reached 6.9 billion standard cubic feet per day (mmscfd).
Oil lifting (oil sold) as of April 30, 2014, reached 796.5 thousand bpd and gas totaled 1.239 million barrels of oil equivalent per day, he added.
The projects designed to increase production are either existing or new projects, Widjonarko said.
Among the new fields that will start producing in the second half of 2014 are Peciko 7B, Sisi Nubi 2B, and Banyu Urip.
Under the revised 2014 State Budget, the oil lifting target is set 818,000 bpd, and the target for gas production is set at 7,099 mmscfd or 1.224 million barrels of oil equivalent per day.
Top contributors to the oil lifting target are expected to come from PT Chevron Pacific Indonesia (304,150 bpd), PT Pertamina EP (127,420 bpd), Total E&P Indonesie (66,860 bpd), PT Pertamina Hulu Energi Offshore North West Java/PHE ONWJ (39,790 bpd), and CNOOC SES Limited (34,080 bpd).
Oil lifting from Mobil Cepu Limited is expected to reach 31,880 bpd, ConocoPhillips Indonesia Limited 27,090 bpd, PT Pertamina Hulu Energi West Madura Offshore 22,750 bpd, and Chevron Indonesia Company 19,910 bpd.
PetroChina International Jabung Limited ranked 10th with 14,960 bpd, followed by PT Bumi Siak Pusako Pertamina Hulu with 14.6 thousand bpd, PT Medco E&P Indonesia Rimau with 12,970 bpd, and Vico Indonesia-Sanga Sanga with 12,970 bpd.
Meanwhile, top contributors to the gas production target are expected to come from Total E&P Indonesie (283,060 boepd), BP Berau (169,240 boepd), ConocPhillips (Grissik) Ltd (170,050 boepd), PT Pertamina (150,890 boepd) and Vico Indonesia (57,160 boepd). (*)