| Minister of Energy and Mineral Resources: Maintain Production Targets Not Easy Task |
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| Tuesday, 29 March 2011 08:52 | |||||||
Page 1 of 2 Aquatic mammal. Just like humans, with age of oil and gas wells also experiencing a natural decline in production. So, we need non-stop efforts to maintain a profitable oil and gas production levels, in addition to their use of these resources wisely wisely.
"The signs of this nature we need sikapi wisely, so that our oil and gas production targets remain intact,"remarked the Minister of Energy and Mineral Resources Darwin Zahedy Saleh, when inaugurated the project of gas and condensate field development Tunu phase 11, 12, 13A, PECIKO Master Theses 6 and accommodation facilities South Field Processing Unit (SPU) at the Regency, East Kalimantan, on Saturday (03/26/2011) Minister of Energy and Mineral Resources said, the inauguration of this time indicates the seriousness of Total and Inpex keep natural gas production targets that naturally decline. "The development of gas field has an important role in national development, because the role of fossil fuels is vital in many sectors," said the Minister. In a ceremony attended Evita Legowo, Head of BP Migas R. Priyono, Vice Governor of East Kalimantan Farid Wadjdy, Bupati Kukar Rita Widyasari and President Director and GM of Total E & P Indonesie Elizabeth Proust. In his speech, Proust says, projects a low-pressure gas in Tunu and PECIKO Master Theses will be able to encourage the production of gas at low pressure as much as 1900 mmscfd of total gas production total of 2,500 mmscfd. In three projects, investments issued Total and Inpex reached U.S. $ 4.21 billion, or around Rp 38 trillion. "Until 2017, we plan to continue to invest U.S. $ 16.500 billion (USD 148 billion) in the Mahakam PSC. After 2017, to maintain production, required an additional investment of U.S. $ 7 billion (Rp 60 trillion), "he said. (energy and mineral resources)
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