Wednesday April 25, 2007

Indonesia's oil output below target

energybulletin.net -> news.xinhuanet.com :

Indonesia reported its daily oil production stood below the target of 1.05 million barrels due to natural depletion and lack of new investment. Southeast Asia's only OPEC member said oil production averages 966,449 barrels per day as of March 28. The only way to boost production is by exploring new, large oil wells, said Dodi Hidayat, deputy chairman of the Oil and Gas Executive Body (BP Migas).

See also :

1. Indonesia crude oil output falls to 35-year low
2. Indonesia's LNG supremacy wanes as Chevron's fields run short
3. Indonesia becomes a net crude oil importer
4. Indonesia to hold tender for nuclear plant in 2008
5. Indonesia pushes for geothermal renewal

(2007-04-25 14:00:14 SGT) [Energy] Permalink

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