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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Cepu delay losses to RI could be up to $150m

  • Alfian

    The Jakarta Post

Jakarta | Fri, May 15 2009 | 01:08 pm

PREMIUM Production delays in the huge Cepu oil and gas block may have caused up to US$150 million in potential state revenue losses, upstream oil and gas regulator BPMigas told lawmakers Thursday. The figure for potential losses in state revenues is calculated based on the government's share of the initial production target of 20,000 barrel oil per day (bopd), given the assumption of a crude oil pric...