Indonesia to again miss annual oil output target

摘要

Jakarta—Indonesia will this year again miss its crude oil and condensate production target due to natural declines and unscheduled shutdowns, but its natural gas output is expected to exceed the target, a senior official at upstream regulator BPMigas said. ”We estimate that the crude and condensate production this year will reach 903,200 b/d, while gas output will reach 8.48 Bcf/d,” BPMigas Operation Deputy Chief Rudi Rubiandini said late last week. He added that total production of liquids and gas would be 2.4 million b/d of oil equivalent.