The Jakarta Post
Upstream oil and gas regulator BPMigas is currently under the spotlight for Indonesia’s declining oil production.
As of Feb. 28, the country’s total output was only 885,000 barrels per day (bpd), far lower than the target of 950,000 bpd.
BPMigas head Raden Priyono talked with The Jakarta Post’s Rangga D. Fadillah about the agency’s strategies for ramping up oil production this year and its efforts to minimize disruption in upstream oil and gas activities. Below are the excerpts:
Question: Indonesia is experiencing a drop in oil production. What strategies have been prepared by BPMigas to encourage contractors to ramp up production?
Answer: The natural production decline for oil in Indonesia stands at around 12 percent. To hold the decline rate at that level, we encourage contractors to utilize the put-on production (acceleration of production) scheme,...