Govt targets one million barrels of oil in 2014
Thu, September 2 2010 21:45 | 447 Views
Jakarta (ANTARA News) - The government has targeted an oil lifting of over one million barrels per day (bopd) in 2014, a senior official said.
"The government is doing its best to produce over one million barrels of oil per day," Director General for Oil and Gas of the Ministry of Mines and Energy (ESDM), Evita Legowo told a House hearing here Thursday.
She said that the efforts to produced over one million barrels per day would be made in stages and it was expected that the target would have been achieved before 2014.
Evita Legowo also said that due to high uncertainty in efforts to increase the production, the lifting target for 2011 was proposed at 960 - 975 thousand barrels per day.
In the 2011 draft state budget, the assumption of oil lifting was set at 970 thousand barrels per day, she said.
In order to achieve the 2011 production target, additional production would be made through new field exploitations such as the NDD area 12-CPI Rokan, Banyu Urip-Mobil Ceput, Sukowati phase IV-JOB Pertamina East Java, Pondok Makmur-Pertamina EP, and Pulau Gading-JOB Talisman.
Additional production would also be made through explorations in newly found fields, among others in Sabar Utara-Petro Cina Jabung and Pendalian 3-Siak Putra Energy as well as additional production from new EOR (Rantau, Prabumulih, and Musi Barat-Pertamina EP) projects.
"In order to achieve the full production scale, we still need to develop production facilities which are expected to be completed in 2013," the director general said.
Energy observer Pri Agung of the ReforMiner Institute said earlier that the oil lifting target set at the draft state budget at 970 thousand barrels per day reflected no substantial change in the country`s oil and gas production sector.(*)Editor: Heru
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