Indonesia's crude oil output to remain stable until 1999<\/p>\n
JAKARTA (JP): Indonesia's crude oil output is expected to
\nremain stable at 1.36 million barrels per day (bpd) until 1999 in
\nspite of steady declines in production through the "primary
\nrecovery system," which yields the initial barrels of oil.<\/p>\n
G.A.S. Nayoan, a senior vice president of the state-owned oil
\nenterprise Pertamina, said at an international business meeting
\nhere yesterday that "enhanced recovery," a technique used to mine
\nmore profoundly, in old oil fields will offset the steady
\ndeclines of production in fields with the primary recovery
\nsystem.<\/p>\n
The government has projected that Indonesia, which has not
\nmade major oil discoveries in the last few years, might become a
\nnet oil importer by the early 2000s.<\/p>\n
Nayoan said yesterday that enhanced recovery will become the
\nnew trend in future production technologies.<\/p>\n
"In the first decade of the next century, enhanced recovery
\nmay dominate oil production," Nayoan told some 150 local and
\nforeign business people attending the meeting.<\/p>\n
Oil production through enhanced recovery is projected to
\nincrease from 358,600 bpd this year to 394,000 bpd next year and
\nto 655,000 bpd by 2000.<\/p>\n
"However, since the projected production in the coming years
\nis based on last year's field data, the above mentioned figures
\nmust be considered minimal," Nayoan said.<\/p>\n
Crude oil production from old fields through primary recovery
\nwill likely steadily decline from 968,000 bpd this year to
\n855,500 bpd next year, 738,000 bpd in 1996, 650,000 bpd in 1997
\nand 584,400 bpd in 1998, he said.<\/p>\n
Oil production from new fields through primary recovery is
\nprojected to increase from 600 bpd this year to 3,600 bpd next
\nyear and to 39,400 bpd in 1998.<\/p>\n
"New field production is expected to become more and more
\nimportant," Nayoan said, adding that the current success ratio of
\nexploration activities is some 17 percent.<\/p>\n
He said Indonesia's oil exploration and production business
\nwill remain attractive as its current total reserves stand at
\n11.30 billion barrels, including the proven reserves of 5.78
\nbillion barrels.(rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/indonesias-crude-oil-output-to-remain-stable-until-1999-1447893297",
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