Sat, 12 Mar 2005
From:

Indonesia oil production falls 1.1% in February

Indonesia's crude oil production fell 1.1 percent in February from a month earlier as heavy rain and flooding disrupted drilling, an official at the Ministry of Energy and Mineral Resources said.

The country pumped 942,000 barrels of oil a day in February, down from 952,600 barrels a day in January, Director of Exploration and Production, Novian M. Thaib, told reporters in Jakarta on Thursday.

Heavy rain disrupted drilling at several major oil fields in Sumatra, including fields operated by PT Caltex Pacific Indonesia, the country's biggest producer, Novian said.

Indonesia's output of condensate, a light oil produced in association with natural gas, fell to 128,000 barrels a day from 128,800 barrels a day in January, Novian said.

Indonesia, the biggest oil producer in Southeast Asia, produces crude oil grades such as Minas, Cinta and Duri. The country's crude oil and condensate output averaged 1.05 million barrels a day last year, below its target of 1.07 million barrels a day, state oil and gas regulator BP Migas said on Dec. 17. -- Bloomberg





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