2019 Oil and Gas Lifting below Target

Translator:

Editor:

Laila Afifa

  • Font:
  • Ukuran Font: - +
  • TEMPO.CO, Jakarta - The Upstream Oil and Gas Business Special Task Force (SKK Migas) said that oil and gas lifting volume in 2019 was off target. Oil and gas lifting last year reached 1.8 million barrels of oil equivalent per day (BOEPD), or just 90.5 percent of the targeted 2.025 million BOEPD.

    Last year's oil lifting reached 746,000 bpd or 96.3 percent of the targeted 775,000bpd. However, this achievement is above the target set in the Work, Program & Budget, document, which was 729,5000 boepd.

    SKK Migas chief Dwi Soetjipto said that Indonesia's oil lifting could have reached 752,000 bpd, but output fell due to several factors including the forest fires in Sumatra, the impact of condensate due to gas curtailment policy, the revised EIA EMCL, and leakage in the North West Java (ONWJ) offshore block's YY field.

    "Compared to the RUEN in 2019, oil lifting is predicted at 590,000 BOPD. The achievement of 746,000 boepd shows great results thanks to the hard work by SKK Migas and KKKS," Dwi said during a press conference at the SKK Migas Building in Jakarta, Thursday, January 9.

    Meanwhile, gas lifting volume in 2019 reached 5,934 mmscfd, or only 84.8 percent of the 2019 state budget target of 7,000 MMSCFD.

    DEA REZKI GERASTRI | ANTARA