| BP Migas Indonesia Confident Oil Production Could Reach 930,000 bpd |
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| Tuesday, 05 July 2011 00:00 | |||||||
Page 1 of 2 BP Migas Indonesia Confident Oil Production Could Reach 930,000 bpdJakarta - Executing Agency for Upstream Oil and Gas (BP Migas) estimates of national oil production in the second half of 2011 will reach an average of 930 thousand barrels per day (bpd). "Close to 930 thousand bpd by year's end, hopefully keep rising," said Head of Public Relations Division, Security, and the Formality of BP Migas, Gde Pradnyana when met at the Hotel Mulia Senayan, Jakarta, Monday (07/04/2011). Gde estimate the unplanned shutdown that could disrupt oil production to be down is not going to happen in the foreseeable future. "There was no unplanned shutdown. However, currently there is movement of rigs to drill the next well-drilling in some contractors," he continued. Gde said, until last semester, a new national oil production reached 906 thousand bpd. This, as we said some time ago, due to the planned shutdown of oil and gas field which dioperatori Total E & P Indonesia on Tunu field. In fact, he said, oil production should reach 916 thousand bpd. "We have not increased much (oil production). Kan is currently no work in the field Tunu. It makes it production is reduced a few days," said Gde. So far the repairs and maintenance are still carried out in the Tunu field. He hopes repairs can be completed within the next week. "If the Tunu been recovered may reach 930 thousand bpd. We estimate will reach 933-945 thousand bpd. End of the year could be over that much. But if an average of at least that much eventually (933-945 thousand bpd)," explained Gde . If oil production is 930 thousand barrels were actually realized, still, the figure is lower than the 2011 budget target of 970 thousand barrels per day. In the revised State Budget 2011, oil production is cut back to only 888,000 barrels per day. Aberdasarkan temporal data from the Monitoring Team Production Increase Oil and Gas (TP3M), Indonesia's oil production reached 906,000 barrels per day for the position by June 20, 2011. (NRS / Qom)
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