This is 7 Oil and Gas Company Reaches Oil Production Target

jaysonhyd   November 25, 2016  

Jakarta – Special Unit Managing Upstream Oil and Gas (Migas SKK) recorded as many as 7 Contractors Cooperation Contract (PSC) oil production surpassed the target of state budget 2013.

PSC’s seventh among others:

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
ConocoPhillips (Grissik) Ltd managed to produce 9,435 barrels of oil per day from its target of 9,430 barrels per day.

Head of Oil and Gas SKK Rudi Rubiandini said the PSC is still not able to meet the target set in the state budget-2013 as well as targets in the Work Programme and Budget (WP & B) in 2013, then the PSC are immediately improve their performance in order to meet the targets set.

“Performance targets are not reached so soon improved to the national oil production target could 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,” Rudi said in a written statement, Wednesday (7/31/2013)

He said a number of non-technical constraints such as the licensing process in local government, including the issue of sealing oil wells crude oil theft is still a major persolaan in an effort to increase national oil production.

Rudi hope the Regents participate and support efforts to increase domestic oil production in order to improve the welfare of the people in Indonesia.

“State revenue from oil and gas are not only enjoyed by the people in the oil and gas producing areas but also enjoyed by the public at the end of the island in the archipelago that has no oil. Due to direct oil and gas revenues into the State account and straight into the oil and gas revenues in the state budget enjoyed by the whole people Indonesia from Sabang to Merauke, “he said.

He also said the state’s revenues from the management of upstream oil and gas in the first half of this year reached U.S. $ 18.7 billion from the target set by U.S. $ 18.4 billion for the first half of the year.

While oil production in the same period reached an average of 831,118 barrels per day or 99% of the target set in the state budget in 2013 amounted to an average of 840,000 barrels of oil per day.