TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Pertamina yet to achieve output target

  • Stefanno Reinard Sulaiman

    The Jakarta Post

Jakarta   /   Mon, July 22 2019   /  02:42 am

State energy giant Pertamina did not achieve its production target in the first half as several of its oil and gas blocks continued to underperform.Oil and gas production stood at 413,000 barrels of oil per day (bopd) and 2,856 million standard cubic feet per day (mmscfd) or 99.76 and 97.04 percent of the firm’s targets respectively.However, Pertamina upstream director Dharmawan Samsu claimed the amount was actually higher as it did not include the 10 percent production shares for regional administrations. “The volume didn’t include the production shares for regional administrations allocated through the 10 percent participating interest terms. So, production has exceeded 414,000 bopd,” he said recently.“Some of our assets still underperformed, but other blocks booked higher results. Hence, in total our oil and gas production was still OK,” he went on to say. At least eight o...