Indonesia’s 2005 Oil, Gas Well Drillings Fall Below Its Target

Indonesia, Southeast Asia’s biggest oil producer, drilled 62 oil and gas wells this year, below the government target, because of higher costs of oil rigs, a government official said.

Indonesia had wanted companies such as PT Pertamina, BP Plc and ConocoPhillips and Total SA to drill as many as 81 wells this year to increase the country’s oil and gas reserves, Kardaya told reporters today in Bandung, West Java.