| In 5 Months, RI Getting a U.S. $ 13.9 billion from the Oil and Gas |
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| Thursday, 07 July 2011 00:00 | |||||||
Page 1 of 2 In 5 Months, RI Getting a U.S. $ 13.9 billion from the Oil and GasJakarta - Executing Agency for Upstream Oil and Gas (BP Migas) said state revenues from oil and gas sector in January-May 2011 reached U.S. $ 13.943 billion. Receipts exceeded the target by 39%. This was conveyed by the Head of BP Migas R. Priyono in a meeting with House Commission VII held in the Parliament Building, Senayan, Jakarta, Wednesday (07/06/2011). Priyono said that oil production is still far from the target. However, revenues actually exceeded the target set. "This is not light work to achieve the target of lifting the oil. Since 2010, oil production is still an impact in 2011. May 2011 and then lifting the new oil and natural gas reached 92% (89% oil and gas 95%) of the target. However, revenue to the state reached 39% above target (139%), "said Priyono. Priyono recognize Indonesia's oil production has decreased dramatically. Oil production is still far from the target that dreamed up the government, which is 970 thousand barrels per day. Until the end of June 2011, Indonesian oil production has only reached an average of 93.2%. "Oil Production June 30, 2011, just reached 904.305 bpd RBU. Even the July 5, 2011 (daily production) had dropped to 888 thousand bpd because there are regular improvements in the working area owned by Total E & P that resulted in the closure of the well," said Priyono. Priyono also continue, based on the prognosis Indonesia oil and gas production as of July 2011 (2.259 barrels of oil equivalent per day), receiving state until the end of the year is estimated as follows (with the three oil price assumption Indonesia): U.S. $ 85 per barrel, revenues to U.S. $ 27 billion U.S. $ 90 per barrel, revenues to U.S. $ 28.9 billion U.S. $ 95 per barrel, revenues to U.S. $ 30.8 billion (NRS / dnl)
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