| Actual April lifting below the target |
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| Tuesday, 20 April 2010 10:09 | |||||||
Page 1 of 2 BP Migas proposed oil production targets in numbers ranging
JAKARTA: The realization of lifting up to April 2010 reached only 922,483 bpd or 42,517 bpd below the target which is mainly caused by the disruption of sea transport. Head of Executive Agency for Upstream Oil and Gas R. Priyono said the lifting realization that under these targets are caused by the disruption of sea transport. In January, he said, lifting the level reached only 782,430 bpd. "But in the February figure to reach 954,750 bpd lifting consolidation and increased again in March as many as 1.01 million bpd. The realization of the lifting in April, until the report is made to reach 951,430 bpd so that his average to 922,483 bpd. For the realization of March and April is the number operational, "he said yesterday. The average oil production to reach 955,980 bpd April 2010 or 99.18% of the targets set in Budget 2010. Actual production resembles the production level achieved in the same period in 2009 amounted to 955,759 bpd. Only, he says, there are positive trends in production levels that occurred in the first 4 months of 2010. Actual production reached 944,013 bpd in January, then rose to 957,145 bpd in February, 962,446 bpd in March and April until the second week average reached 973,218 bpd. To achieve the production levels in 2010, said Priyono, BP Migas will conduct at least four steps. First, accelerate the realization of a new field production and Merangin Cepu Block II, the two lower levels of production facility shutdowns are not planned (unplanned shutdown). Third, optimizing the work schedule for the planned shutdown to improve the operational day. Fourth facilitating land acquisition for Chevron Pacific Indonesia and Mobil Cepu. According to him, because the rate of uptake of probes Universal Tri refineries that are not stable, Pertamina absorption capacity will be increased from 13,800 bpd to 18,900 bpd. "Jell Merangin II Kingdom in our push for production of 600 bpd in May and increased to 2000 bpd at the end of the year. The loss of production due to unplanned shut down from 4600 bpd in January to 1,500 bpd in March." Ability KKKS Priyono said the production numbers or the lifting of crude oil that could be achieved this year by 917,000 bpd. Although lower than the target of lifting the state budget in 2010 amounted to 965,000 bpd, he said the figure is higher than the ability of contractors cooperation contract (KKKS). "In a work program and budget [WP & B] KKKS states only capable of 877,000 bpd and we are encouraged to be higher to achieve the optimum number of 917,000 bpd. However, it was just a portrait and expected production targets can still be overtaken," he explained. Priyono said executing agencies offering these numbers in order to provide certainty for the state revenue guarantee. "In the Budget Memorandum 2010-P suggested we ask is permitted in the form of range or ranges. This is to maintain the certainty of state revenue. If I may state the proposed revenue target [of oil lifting] is in the range 917000-965000 bpd." In another part, the Ministry of Energy states do not agree with BP Migas, which proposed lifting the range of between 917,000 bpd and 965,000 bpd for the basic figures used are too low. Director General of Oil and Natural Gas Ministry of Energy and Mineral Resources Evita Herawati Legowo rate of crude oil lifting could still strived to reach 965,000 bpd. "[The proposal] does not comply with current conditions. Lifting the oil is expected to remain [965,000 bpd]
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