Indonesia Aims to Up Oil Output to 1.3M Bpd by 2008

In an attempt to keep the country from being a net importer, Indonesia plans to increase oil output to 1.3 million barrels per day (bpd) by 2008, says a top executive. At present, the oil output stands at slightly below 1 million bpd. The additional production of crude oil and condensate would come from new fields as well as from intensifying yields from old ones.

Chairman of the Oil and Gas Upstream Regulatory Agency (BP Migas) Rachmat Sudibyo said on Wednesday.
“We’re expecting 180,000 bpd from the Cepu oil field and 150,000 bpd from the Jeruk field,” he said, as quoted from the Jakarta Post, referring to two key oil fields located in East Java. Rachmat also said that the country was counting on a total of 30,000 bpd from several marginal fields across the archipelago