Indonesia oil lifting slightly above target in March

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JAKARTA (rambuenergy.com) – Indonesia’s oil lifting in the month of March has hit slightly above target of 830,000 barrels per day, set in the 2016 State Budget, an official at the Indonesian Special Task Force for Upstream Oil and Gas (SKK Migas) said.

The Head for Public Affair of SKK Migas Elan Biantoro said the oil lifting in the month reached 833,000 bpd driven by better-than-expected production of a number of oil and gas companies.

“Oil production has reached higher than State Budget target of 833,000 bpd,” Elan said in SKK Migas website.

A number of companies that have produced higher-than-expected oil production in the month were including PT Chevron Pacific Indonesia (CPI) and ExxonMobil Cepu Limited in Cepu Block. CPI reported higher-than-expected output from its Rokan field in Riau province.

SKK Migas said it continues to encourage oil companies, which are legally contractors of SKK Migas, to reach their annual production target. (*)