SKK Migas: No contractor has proposed production cut
Tuesday, January 26 2016 - 02:27 PM WIB
By Febry Silaban
Upstream authority SKK Migas said that oil and gas contractors are all still committed to meeting the production targets set in the Work Program & Budget despite the continued oil price drop.
SKK Migas? Vice Chairman Zikrullah said that thus far none of the PSC holders have come to SKK Migas proposing production cuts.
"We held a meeting with the PSC holders on Jan. 14, 2016. Their response was that they were still taking a wait-and-see stance whether the downward trend in oil prices will continue," Zikrullah said in Jakarta.
Editing by Johannes Simbolon