Budi Indianto`s reason for his resignation is as a form of his responsibility for the decline in oil production recently.Jakarta (ANTARA News) - The upstream oil and gas regulator (BP Migas) Operations Deputy Budi Indianto has handed his resignation, head of the BP Migas said here on Tuesday.
BP Migas head R Priyono in a press release said, he had accepted Budi Indianto`s resignation, adding that Budi Indianto`s reason for his resignation is as a form of his responsibility for the decline in oil production recently.
"We received his resignation letter today and has been forwarded to the Energy and Mineral Resources Minister for the appointment of BP Migas deputies," R Priyono said.
Of the 2011 oil production target of 970,000 barrels per day as set in the national state budget, according to Priyono, so far the average production per day only reached 908,000 barrels per day.
The decline was among others due to the unplanned shutdown which was under the control of the Operations Deputy, he said.
Priyono said that the company has not yet appointed Budi Indianto`s successor. For the time-being, however, head of the BP Migas will take over Indianto`s job.
Earlier, BP Migas in its report to the House of Representatives (DPR)`s commission VII said that until March 2011, oil sales reached only 883,000 barrels per day or 91 percent of the 2011 target of 970,000 barrels per day.
Meanwhile, the sale of LNG in the same period only reached 98.25 percent of the state budget target of 7,769 billion British thermal units per day (BBTUD) or 7,633 BBTUD.
Thus, the total of oil and gas production reached 95.2 percent out of the target in the state budget reaching 2.31 million barrels of oil equivalent per day.
The state revenue from oil and gas till March reached 13 percent above the state budget target.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2011
