Indonesia Sets Similar Oil Output Target for Next Year
Xinhua News Agency in RigZone, Monday, May 25, 2009
Indonesia's oil output target next year is set at 960,000 barrel per day (bpd), or similar to this year's, an Indonesian senior official said here on Monday.
"We are still unable to set a higher target," the Jakarta Post online quoted Director General for Oil and Gas at the Upstream Oil and Gas Regulator (BP Migas) Evita H. Legowo as saying here.
She conveyed it in a hearing with lawmakers from Commission VII in the parliament overseeing energy and mineral resources on Monday.
Evita added that BP Migas also 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.
As of April, the realization of the oil output was at 956,000 bpd, less than the initial target, Evita said.
For gas, she said that the government has set a target of 7.66 billion British thermal units of gas (Btu) per day for next year, up from this year's target of 7.53 Btu per day.
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