Oil, Gas Production Exceeds Target, Minister Says
Kamis, 1 Januari 1970 07:00 WIB
Energy and Mineral Resources Minister Ignatius Jonan. TEMPO/Ghoida Rahmah
TEMPO.CO Jakarta
In 2016, the average production of oil reached 831,000 barrel per day, while the production of natural is equivalent to 1,418 barrels of oil per day.
“The total production of oil and gas is equivalent to 2,249 barrels per day or 114 percent from the target set in the 2016 revised State Budget. The target set was equivalent to 1,970 barrels of oil per day,” said Energy Minister Ignasius Jonan in a written statement on Sunday (1/1).
“My appreciation for those who have worked hard,” Jonan added.
The production and lifting of oil and gas that exceeded the target, Jonan said, happened amidst the low global oil price.
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