Indonesia's Oil Output Rises

Friday, January 4, 2019

The Indonesian unit of Chevron Corp produced 209,400 barrels of oil per day (bpd) from the Rokan block in 2018, down from 223,000 bpd a year earlier, Dwi Soetjipto, chairman of upstream oil and gas regulator SKK Migas said.

Exxon Mobil produced 209,300 bpd of crude oil from the Cepu block in 2018, compared to 203,000 bpd in 2017, Soetjipto said.

BP Berau, a unit of BP Plc, which operates the Tanggu LNG plant produced 1,076 million standard cubic feet per day (mmscfd) of natural gas, versus 965 mmscfd in 2017.

Pertamina Hulu Mahakam's gas lifting last year was 832 mmscfd, down from 1,286 mmscfd in 2017.

ConocoPhillips' Corridor Block production rose to 840 mmscfd of gas in 2018.

SKK Migas said Indonesia targets $14.79 billion in upstream oil and gas investment this year.


(Reporting by Wilda Asmarini and Bernadette Christina Munthe; Writing by Fransiska Nangoy; Editing by Susan Fenton)

Categories: Energy LNG Oil Production Asia Natural Gas Indonesia

Related Stories

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Oil Flows to Lag Even if Hormuz Strait Reopens

Strike Threat Grows at Ichthys LNG after Workers Reject Deal

Pertamina Unit to Operate Indonesia’s Lavender Block under 30-Year PSC

Metropolitan CCS Cleared to Drill CO2 Storage Wells off Japan

Iran War Reshapes Global LNG Trade

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Eni Advances Angola Gas Project, Secures $9B Credit Facility

Current News

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

US-Israel War on Iran Creates Biggest Energy Crisis in History

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Oil Flows to Lag Even if Hormuz Strait Reopens

Eni Makes Major Gas Discovery Offshore Indonesia

Strike Threat Grows at Ichthys LNG after Workers Reject Deal

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com