Indonesia making headway on higher oil and gas production

Upstream oil and gas regulator BPMigas says it is upbeat about achieving next year’s oil production target, although this year’s output expectations will not be achieved.

BPMigas deputy chairman Abdul Muin said recently that next year’s target of 1.034 million barrels of oil per day was achievable on the back of an expected increase in the production of the country’s major oil producer, Chevron, and the coming onstream of new oil fields.
He said that Chevron, which produced about 415,000 barrels of oil per day this year — almost half of the country’s total production — was expected to be able to raise output to 441,000 barrels per day.

“We will still be relying on Chevron for oil production next year,” Muin said on the sidelines of the Energy and Mineral Resources Ministry’s year-end meeting Friday. “What they (Chevron) need to do is just keep adding more wells and maintain (production from) their mature fields.”

Jakarta Post