Wed, 01 Jun 2011
Jakarta (ANTARA News) - Indonesia`s crude oil and condensate production in 2012 is estimated to reach only 882,140 barrels per day (bpd), according to data from BP Migas received here on Tuesday.

The production estimates from contractors until May 30, 2011 are far below the government`s target of 950,000 to 970,000 barrels a day in 2010.

The estimates are also below BP Migas`s target of between 930,000 and 950,000 barrels a day.

Based on the data, PT Chevron Pacific Indonesia estimates its production to reach 326,900 barrels a day, PT Petamina EP 134,000,, Total Indonesie E&P 75,000 and ConocoPhillips Block B (Natuna) 40,800 barrels a day.

CNOOC SES meanwhile projects its production will reach 36,700 barrels a day, Chevron Indonesia Company 28,300, PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ) 35,000 and Medco Sumatra 22,960 barrels a day.

The production of BOB Pertamina-Bumi Siak Pusako meanwhile is estimated at 15,160 barrels a day, Petrochina International 17,300, Mobil Cepu Ltd. 18,800, Vico (Sanga-sanga) 15,000 and PHE West Madura Offshore 20,300 barrels a day.

With the addition of production from other contractors of 95,920 barrels a day the production estimate for 2012 will be 882,140 barrels a day.

BP Migas meanwhile expects production to reach 950,000 barrels per day with PT Chevron Pacific Indonesia contributing 357,000, PT Pertamina EP 135,000, Total Indonesie E&P 86,000, ConocoPhillips Block B (Natuna) 45,000, CNOOC SES 38,000, Chevron Indonesia Company 38,000, PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ) 35,000 and Medco Sumatra 22,960, BOB Pertamina-Bumi Siak Pusako 17,000, Petrochina International 17,300, Mobil Cepu Ltd. 22,000, Vico (Sanga-sanga) 15,000 and PHE West Madura Offshore 23,000 barrels a day.

With production from other contractors being added totalling 108,440 barrels a day BP Migas estimates production in 2012 will reach 950,000 barrels a day.

BP Migas planning deputy Haposan Napitupulu said the estimates for 2012 from contractors are indeed at 882,140 barrels a day.

However he said that he had asked contractors to achieve production of up to 930,000 to 950,000 barrels a day.

He said BP Migas would take various efforts to achieve the number by settling external problems such as about land acquisition and rig procurement.

"We are predicting maximally it could reach 950,000 barrels a day," he said.



News Search/Filter
Transaction Rates
23 Sep 18
Buy
Sell
AED1
3,920.15
3,920.15
AFN1
189.90
189.90
ALL1
133.87
133.87
AMD1
29.86
29.86
ANG1
7,809.11
7,809.11
AOA1
49.79
49.79
ARS1
387.30
387.30
AUD1
10,505.46
10,505.46
AWG1
7,997.07
7,997.07
AZN1
8,457.43
8,457.43
BAM1
8,664.82
8,664.82
BBD1
7,199.39
7,199.39
BDT1
171.92
171.92
BGN1
8,659.38
8,659.38
BHD1
38,254.15
38,254.15
BIF1
8.13
8.13
BMD1
14,398.78
14,398.78
BND1
9,530.21
9,530.21
BOB1
2,085.12
2,085.12
BRL1
3,554.55
3,554.55
BSD1
14,398.78
14,398.78
BTC1
96,683,693
96,683,693
BTN1
199.93
199.93
BWP1
1,354.30
1,354.30
BYN1
6,920.36
6,920.36
BZD1
7,168.35
7,168.35
CAD1
11,143.21
11,143.21
CDF1
8.77
8.77
CHF1
15,016.72
15,016.72
CLF1
615,859.24
615,859.24
CLP1
21.59
21.59
CNH1
2,102.22
2,102.22
CNY1
2,099.65
2,099.65
COP1
4.79
4.79
CRC1
24.89
24.89
CUC1
14,398.78
14,398.78
CUP1
564.65
564.65
CVE1
152.83
152.83
CZK1
660.85
660.85
DJF1
80.88
80.88
DKK1
2,268.22
2,268.22
DOP1
287.73
287.73
DZD1
122.46
122.46
EGP1
804.94
804.94
ERN1
960.09
960.09
ETB1
519.85
519.85
EUR1
16,929.79
16,929.79
FJD1
6,836.36
6,836.36
FKP1
18,823.54
18,823.54
GBP1
18,823.54
18,823.54
GEL1
5,884.28
5,884.28
GGP1
18,823.54
18,823.54
GHS1
3,035.72
3,035.72
GIP1
18,823.54
18,823.54
GMD1
295.05
295.05
GNF1
1.59
1.59
GTQ1
1,866.92
1,866.92
GYD1
68.94
68.94
HKD1
1,843.78
1,843.78
HNL1
599.54
599.54
HRK1
2,277.74
2,277.74
HTG1
207.25
207.25
HUF1
52.16
52.16
IDR1
1.00
1.00
ILS1
4,032.86
4,032.86
IMP1
18,823.54
18,823.54
INR1
199.32
199.32
IQD1
12.07
12.07
IRR1
0.33
0.33
ISK1
130.74
130.74
JEP1
18,823.54
18,823.54
JMD1
106.13
106.13
JOD1
20,265.51
20,265.51
JPY1
127.91
127.91
KES1
142.64
142.64
KGS1
211.31
211.31
KHR1
3.51
3.51
KMF1
34.39
34.39
KPW1
15.99
15.99
KRW1
12.91
12.91
KWD1
47,613.46
47,613.46
KYD1
17,288.80
17,288.80
KZT1
40.45
40.45
LAK1
1.69
1.69
LBP1
9.52
9.52
LKR1
85.36
85.36
LRD1
92.92
92.92
LSL1
1,001.69
1,001.69
LYD1
10,455.82
10,455.82
MAD1
1,540.60
1,540.60
MDL1
857.88
857.88
MGA1
4.22
4.22
MKD1
274.83
274.83
MMK1
8.85
8.85
MNT1
5.89
5.89
MOP1
1,790.86
1,790.86
MRO1
40.27
40.27
MRU1
402.20
402.20
MUR1
421.63
421.63
MVR1
934.37
934.37
MWK1
19.79
19.79
MXN1
764.71
764.71
MYR1
3,483.56
3,483.56
MZN1
236.82
236.82
NAD1
1,001.69
1,001.69
NGN1
39.72
39.72
NIO1
450.11
450.11
NOK1
1,766.51
1,766.51
NPR1
124.95
124.95
NZD1
9,625.58
9,625.58
OMR1
37,457.34
37,457.34
PAB1
14,398.78
14,398.78
PEN1
4,376.72
4,376.72
PGK1
4,334.17
4,334.17
PHP1
265.45
265.45
PKR1
116.92
116.92
PLN1
3,928.46
3,928.46
PYG1
2.46
2.46
QAR1
3,954.62
3,954.62
RON1
3,634.68
3,634.68
RSD1
143.35
143.35
RUB1
215.37
215.37
RWF1
16.34
16.34
SAR1
3,839.42
3,839.42
SBD1
1,825.14
1,825.14
SCR1
1,059.62
1,059.62
SDG1
797.52
797.52
SEK1
1,638.14
1,638.14
SGD1
10,557.07
10,557.07
SHP1
18,823.54
18,823.54
SLL1
1.71
1.71
SOS1
24.90
24.90
SRD1
1,930.65
1,930.65
SSP1
110.53
110.53
STD1
0.68
0.68
STN1
686.31
686.31
SVC1
1,646.59
1,646.59
SYP1
27.95
27.95
SZL1
1,001.69
1,001.69
THB1
444.81
444.81
TJS1
1,528.80
1,528.80
TMT1
4,113.95
4,113.95
TND1
5,193.21
5,193.21
TOP1
6,231.79
6,231.79
TRY1
2,287.87
2,287.87
TTD1
2,137.72
2,137.72
TWD1
469.91
469.91
TZS1
6.30
6.30
UAH1
513.65
513.65
UGX1
3.76
3.76
USD1
14,398.78
14,398.78
UYU1
437.62
437.62
UZS1
1.79
1.79
VEF1
0.05
0.05
VND1
0.62
0.62
VUV1
132.70
132.70
WST1
5,562.52
5,562.52
XAF1
25.80
25.80
XAG1
205,880.98
205,880.98
XAU1
17,271,154.84
17,271,154.84
XCD1
5,327.85
5,327.85
XDR1
20,217.70
20,217.70
XOF1
25.80
25.80
XPD1
15,142,593.26
15,142,593.26
XPF1
141.87
141.87
XPT1
11,914,891.62
11,914,891.62
YER1
57.51
57.51
ZAR1
1,005.74
1,005.74
ZMW1
1,238.04
1,238.04
ZWL1
44.66
44.66
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services