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Oil Output Exceeds Target
Uupstream Oil and Gas Business Activities (SKK Migas) office, Jakarta (11/21). Tempo/Tony Hartawan
Friday, 10 February, 2017 | 07:02 WIB
Oil Output Exceeds Target

TEMPO.CO, Jakarta - Special Unit for Upstream Oil and Natural Gas Business Activities (SKK Migas) noted that average oil output from January 1 to February 4 stood at 825,000 barrel per day.

The figure exceeded oil lifting target set in the 2017 state budget (APBN) of 815,000 barrel per day. SKK Migas, however, declined to reveal the overall lifting figure at the start of the year. “We are confident of exceeding oil and gas production target for 2017,” SKK Migas spokesman Taslim Z. Yunus said via a text message yesterday.

Gas output at the start of the year reached 7.8 million standard cubic feet per day or 1,398,000 barrels of oil equivalent per day. The figure exceeded lifting target set in the 2017 state budget of 1,275,000 barrels of oil equivalent per day. SKK Migas reported that as of late January there had been 223 development activities of development wells. Moreover, workover in 15 wells had been carried out, or around 5 percent of this year target of 907 wells. Meanwhile well service activities had been carried out in 1,257 wells of 57,512 planned for 2017.

According to Taslim, development drilling and well service activities need to be carried out according to plan. Otherwise, oil production decline could reach 16.2 percent. “SKK Migas and KKS [Cooperation Contract Contractors] must work together to maximize the activities and minimize unplanned shutdown,” Taslim said.



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