Pertamina Q1 Oil Output Slightly Below Target

Wilda Asmarini
Monday, April 6, 2020

Indonesia's state oil and gas company PT Pertamina produced 421,000 barrels of crude oil per day and 2,887 million cubic feet of gas per day (mmscfd) in the first quarter of 2020, it said in a statement on Monday.

"Amid work and personnel adjustment due to the COVID-19 pandemic, Pertamina is still trying to maintain oil and gas production according to targets," the company said in the statement, adding that first-quarter output was 99% of its target.

A Pertamina official said in November the company was targeting production of 430,000 bpd of crude and 2,857 mmscfd of gas this year.

Pertamina's production from overseas fields in the first quarter was 156,000 barrels of oil equivalent per day, 103% of its overseas output target this year, mainly due to higher output from its Algeria field. 

(Reporting by Wilda Asmarini Writing by Fransiska Nangoy; Editing by Kirsten Donovan)

Categories: Energy Industry News Oil Production Asia Indonesia

Related Stories

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Dolphin Drilling’s Blackford Dolphin Secures More Work for Oil India

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

Saipem Lands $2B FPSO Deal for Offshore Gas Field in Indonesia

Saudi Arabia Eyes Oil Pipeline Expansion to Red Sea

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Floating Nuclear: A New Offshore Energy Frontier

Current News

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

EnQuest Clears Key Hurdle for $833M Malaysia Offshore Deal

ONGC Plans Major New Indian Oil Reserve

LNG Tankers Resume Hormuz Crossings Amid Tensions

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

Eni and Petronas JV Extend Ventura Offshore’s Drilling Job in Indonesia

Dolphin Drilling’s Blackford Dolphin Secures More Work for Oil India

Oil Surges 3% on Renewed US-Iran Strikes

Offshore Vessel Pair Ordered from Grandweld Shipyard

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