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Indonesia’s oil and gas lifting set 7.73% higher in 2019

JAKARTA (RambuEnergy.com) – The Special Task Force for Upstream Oil and Gas Business (SKK Migas) at the Energy and Mineral Resources Ministry has set oil and gas lifting this year at 2 million barrels of oil equivalent (boepd), up 7.73% from realized 1.9 boepd last year (2018).

The Head of SKK Migas Dwi Soetjipto said oil lifting this year is set at 784,520 bopd, up from 778,330 bopd in 2018.

The higher gas lifting is supported by expected higher production of the Cepu Block in East Java, which is projected to reach 216,000 bopd compared to 208,730 last year.

The Cepu Block production is projected to be higher this year compared to Rokan Block in Riau province, which has been the highest contributor to the national oil production so far. This year, Rokan Block, whose operatorship right will be handed over to Pertamina in 2021, is expected to produce 190,000 bopd, compared to 209,470 bopd last year.

While gas lifting this year is set to reach 1.26 boepd, up from 1.13 boepd. Among biggest contributors of the gas lifting this year are LNG Tangguh operated by BP Berau in West Papua, Mahakam Block in East Kalimantan, ConocoPhillips (Grissik) Ltd and Muara Bakau operated by ENI in East Kalimantan.

BP Berau is expected to produce 188,000 boepd, lower than 192,000 boepd last year, Mahakam Block gas lifting is projected to reach 196,000 boepd, up from 149,000 boepd last year, ConocoPhillips at 145,000 boepd this year, while Muara Bakau reaching 115,000 boepd. Meanwhile, Pertamina’s oil and gas lifting this year is projected to reach 735,400 boepd, up from 724,890 boepd last year.

Pertamina targets to produce 921,540 boepd this year, up from 906,410 boepd.

As for total investment in the upstream oil and gas sector this year is projected to reach US14.79 billion, up 23% from realized US$11.99 billion. (*)

 

 

 

 

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