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Jakarta Post

Production target ‘depends on Cepu block’

  • Rangga D. Fadillah

    The Jakarta Post

Jakarta   /   Wed, January 18 2012   /  09:11 am

Keep on pumping: Several oil and gas engineers work on a drilling rig at PT Chevron Pacific Indonesia’s Minas field in Riau. President Susilo Bambang Yudhoyono issued last week a presidential instruction containing specific tasks for 11 ministers, the head of the National Land Agency, governors and regional heads to ensure that the country produces 1.01 million barrels of oil per day in 2014. Bloomberg/Jonathan DrakeThe fate of the government’s plan to produce 1.01 million barrels of oil by 2014 fully depends on the operation of the Cepu Block on the border of Central Java and East Java, upstream oil and gas regulator BPMigas says.

The block will start producing 70,000 barrels of oil per day (bpd) in mid-2014 from the current production of 22,000 bpd and reach a peak output of 165,000 bpd in late 2014, BPMigas operation deputy Rudi Rubiandini reported.

“So, in the ful...