Tag Archives: budget target

Semester 1, Gas receipts Reaches 18.7 Billion U.S. Dollars

jaysonhyd   July 7, 2017  
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JAKARTA – State revenue from the management of the oil and gas industry-upstream (oil) in the first half of this year reached 18.7 billion U.S. dollars, or higher than the target of 18.4 billion U.S. dollars.

Meanwhile, oil production per day has reached 99 percent, or an average of 831 118 barrels per day from the target set in the state budget in 2013 amounted to an average of 840,000 barrels of oil per day.

Unit chief Special Executive Upstream Oil and Gas (Migas SKK) Rudi Rubiandini claims, the achievement is unprecedented in a period of 3 years.

“The achievement of national oil production up to 99 percent of the budget target has never happened within the last three years. During the period of last three years of national oil production performance was always below 99%,” he said, Wednesday (07/31/2013).

He said the success achieved oil production and revenues is the result of hard work in SKK Oil workers, all workers Cooperation Contract (PSC), leaders and workers in the Ministry of Energy and Mineral Resources and all stakeholders in the upstream oil and gas industry.

Therefore, Rudi appreciation to all stakeholders in order to increase production of oil and natural gas nationwide so that the target could be exceeded state revenues.

Although there are many unsuccessful PSC oil production exceeded the target set in the state budget in 2013, but some of them have worked very well exceed those targets.

Exceed Production

There are seven PSC, which surpassed the target of state budget in 2013, namely ConocoPhillips Indonesia Ltd, Vico Indonesia, Medco E & P Indonesia (S & C Sumatra), PHE ONWJ, Chevron Pacific Indonesia, Medco E & P Indonesia (Rimau) and ConocoPhillips (Grissik) Ltd..

The details are as follows: ConocoPhillips Indonesia Ltd managed to achieve oil production by an average of 34 867 barrels per day from the target in the state budget in 2013 amounted to 32 890.

Vico Indonesia managed to produce as much as 13,740 barrels of oil per day from the target of 13 010 barrels per day. Medco E & P Indonesia (S & C Sumatra) managed to produce 6,841 barrels of oil per day from the target of 6,630 barrels per day;

PHE ONWJ managed to produce 38 996 barrels of oil per day from the target of 38 080 barrels per day; Chevron Pacific Indonesia managed to produce 323 014 barrels of oil per day from the target of 319 430 barrels per day.

Medco E & P Indonesia (Rimau) managed to produce 14,086 barrels of oil per day from the target of 14,060 barrels per day.

For the PSC still can not meet the target set in the state budget-2013 as well as the target in the Work Programme and Budget (WP & B), Rudi hope they can improve their performance.

“Performance targets are not reached so soon improved to the national oil production target can also be exceeded. What we are doing right now is working for the State, for the national interest because it lets us collaborate and work together, “he said.

Production of 834,000 Barrels of Oil per Day Maximum

jaysonhyd   July 10, 2016  
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Head of Special Unit the Upstream Oil and Gas (Migas SKK) Rudi Rubiandini estimates, production of crude oil and condensate in 2013, up 834,000 barrels per day.
“At present, production is 831,700 barrels per day and by the end of the 834 000 barrels,” he said in Jakarta on Tuesday.
According to him, the production level is still lower than the budget target set at 840,000 barrels per day.
“But, to be 99.3 per cent achievement was good,” he said.
In the last 1.5 months, production is declining mainly due to a number of field maintenance cut gas condensate production.
However, he added, in the second half of 2013, the SKK optimistic that production could increase to 840,000 barrels per day.
Although, in the second half of 2013, the production of the Offshore North West Java (ONWJ) down due to bridge work (plattform).
However, in the second half as well, there is the addition of Block West Madura Offshore (WMO) which started production three wells.
In contrast to oil, Rudi optimistic “lifting” gas will exceed the budget target.
According to him, until the first half of 2013 production was still 6,998 BBTUD or lower than the budget target BBTUD 7175.
“However, we are optimistic until the end of 2013 will exceed the budget target,” he said.
Head of the Division of Oil and Gas Utilization Gas SKK Popi Nafis Ahmad added that the present downturn is “lifting” gas is mainly because there is a maintenance schedule Tangguh, Papua, and Bontang, East Kalimantan, and damage to electrical transformer in Cilegon, Banten.
“However, going forward, there is a field that will increase its production,” he said.
Which are expected to come from South Mahakam field managed by Total E & P Indonesia with a production rate of 115 MMSCFD, Musi East of PT Pertamina EP 20 MMSCFD, Epic Sengkang 12 MMSCFD, and Ruby from Pearl Oil Sebuku 6.7 MMSCFD.