Domestic crude oil and condensate production during the first quarter of 2012 stood at 886,000 barrels per day, BP Migas Deputy Head for Operations Rudi Rubiandini said here on Tuesday.
"But the average daily production will increase to above 900,000 barrels per day in June 2012," he said.
The oil and condensate production would reach 900,00 barrels per day in June 2012 following the opening of West Madura Offshore (WMO) Block operated by PT Pertamina Hulu Energi, a subsidiary of state oil and gas company PT Pertamina, he said.
The oil production would further move up to more than 900,000 barrels per day after the drilling of wells in a number of oil fields had been completed, he added.
Rudi noted that oil production hit 900,000 barrels per day some time ago, but later fell to 890,000 barrels per day as a result of poor weather that caused PT Chevron Pacific Indonesia`s production to fall by 10,000 barrels per day.
Accordingly, national oil production dropped by 4 percent to 886,000 barrels per day, compared to the average daily production of 902,000 barrels last year, he said.
He noted that the body had managed to reduce the rate of the production shortfall to 10 percent, compared to the rate of natural decline, which reached 14 percent.
BP Migas was determined to further reduce the rate of the production shortfall to only 2 percent this year, he said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
