Oil Lifting Projected to Decline by 2020
8 October 2014 22:16 WIB
TEMPO.CO, Jakarta - Deputy Energy and Mineral Resources minister Susilo Siswoutomo projected that the oil lifting figure would decline each year due to less exploration and discovery activities.
“Within five or six years, the oil lifting figure will be at 600,000 barrels per day. That includes the [oil] production at Cepu,” he said on Wednesday, October 08, 2014, on the sidelines of Banyu Urip Field production facility launch in Bojonegoro, East Java.
According to Susilo, there will be no substantial addition of oil production within the next two to four years, except from Ande-ande Lumut field at West Natuna block and from Kedung Keris field at Cepu block.
“Ande-ande Lumut [field] may produce 25,000 barrels per day and Kedung Keris [field] may produce 20,000 barrels per day. But other fields productivity is declining because they are old fields,” he said.
Susilo explained that the key to maintaining oil production is to improve exploration intensity, as well as improvement in permit procedures.
“The permit procedures should be made easier. How can it be reasonable if it takes two years to get permit for three-month drilling job,” Susilo said.
The Energy and Mineral Resources Ministry projected that oil demands in Indonesia would reach 2.2 million barrels per day by 2020.
BERNADETTE CHRISTINA MUNTHE
