Other Publications
23 oil contractors fail to meet production targets
Alfian , The Jakarta Post , Jakarta | Wed, 05/20/2009 7:19 PM | Business
Twenty-three oil and gas contractors failed to meet their oil production targets, mainly due to operational problems, upstream oil and gas regulator BP Migas said Wednesday.BP Migas's chairman R. Priyono said that, as of April, oil production was 956,000 barrels oil per day (bpd) or less than the target of 960,000 bpd stipulated in the 2009 state budget.
"Of 40 contractors in the production stage, 23 of them have failed to meet their production targets," Priyono said, without giving specific details as to which contractors had not met the targets.
He just said most of contractors cited operational problems as the reason for the lower production.
Despite the lower production, Priyono said the government would not revise the target. It is expecting to increase production from the Cepu block which will begin production in August.
Comments (0) |
Post comment
What's On
- Franchise & Business Concept
11/13/2009 11/15/2009 Jakarta Convention Center - Indonesia Furniture Fair
11/14/2009 11/22/2009 Jakarta Convention Center - Indonesia Maternity & Baby Expo 2009
11/20/2009 11/22/2009 Jakarta Convention Center
- Festival of India
10/29/2009 12/15/2009 Balai Kartini & Umar Ismail Hall, Jakarta
- Best Dutch Books Designs
10/08/2009 11/12/2009 Erasmus Huis, Jl. H.R. Rasuna Said Kav S-3, Kuningan, South Jakarta (Tel. 5241069) - Power of the Shape. Sculpture exhibition by Dolorosa Sinaga
10/29/2009 11/15/2009 Kendra Gallery of Contemporary Art, Bali Until Nov. 15 Jl. Drupadi No.88B, Basangkasa Seminyak, Bali - The Erased Time: Solo exhibition by FX Harsono
11/01/2009 11/14/2009 Galeri Nasional Indonesia, Central Jakarta