Indonesia's new law could cut oil output in half

摘要

Indonesia's upstream regulator BPMigas said the country's oil production could drop to half of its 965,000 b/d target in the 2-3 years it will take the industry to adjust to a new environmental law.BPMigas Chairman R. Priyono cited one regulation that requires companies to lower the temperature of liquid waste by 5° C. that could adversely impact PT Chevron Pacific Indonesia, which uses steam flood and boils water to produce steam. "If the waste-water temperature is too restrictive, then the steam cannot be produced and used," he said.