Govt unable to boost oil output next year

Alfian ,  The Jakarta Post ,  Jakarta   |  Mon, 05/25/2009 11:15 AM  |  Business

Upstream oil and gas regulator BP Migas has set an oil and condensate output target of 1.05 million barrels per day (bpd) for next year, similar to this year's target.

The government has set an oil lifting target of 960,000 barrels of oil per day (bpd) for next year, unchanged from this year's target.

"We are still unable to set a higher target," Director General for Oil and Gas Evita H. Legowo told lawmakers from Commission VII overseeing energy and mineral resources Monday.

This year, the government also sets an oil lifting target of 960,000 bpd. As of April, the realization of the oil lifting was at 956,000 bpd, less than the initial target, Evita said.

For gas, the government has set a lifting target of 7.66 billion British thermal units of gas (Btu) per day, up from this year’s lifting target of 7.53 Btu per day.
 

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