The total is 3.6 percent lower than last year`s realization which was recorded at 902,000.
Jakarta (ANTARA News) - Indonesia`s oil and condensate production is expected to reach only 870,000 barrels per day until the end of this year, down by 3.6 percent, BP Migas said.

The chief of the upstream oil and gas regulator, R Priyono, said here on Wednesday "realization of oil production until October 11, 2012 reached 867,080 barrels per day and so we are predicting by the end of the year production may only reach 879,000 barrels per day."

The total is 3.6 percent lower than last year`s realization which was recorded at 902,000.

Compared to the target set at 930,000 barrels per day in the revised 2012 budget the projection would be 6.5 percent lower.

Priyono said without optimization this year`s production would reach only 757,000 barrels per day.

However through optimization production could be increased by 173,000 barrels per day to reach 870,000 barrels per day until the end of this year, he said.

Proyono explained the drop in the production this year was caused by a break in the TGI pipe at PT Chevron Pacific Indonesia on September 29, 2010 and a fire at the Lentera Bangsa terminal at CNOOC causing production loss of 9,000 barrels per day.

Meanwhile contract extension has affected caused a delay in the drilling of 5,500 barrels per day in the West Madura Offshore and a decline in production at Tunu, Peciko, KE-38 and other fields by 6,500 barrels per day, he said.

Unplanned shutdown in almost all KKKS (production sharing contractors) facilities has also caused a loss of 10,000 barrels per day while delay in rig procurement at Chevron Makassar, Vico, Santos Sampang and Pertamina has caused a loss of 5,300 barrels per day, he added.

BP Migas predicts the biggest oil production of KKKS in 2012 would be that of Chevron Pacific Indonesia at 343,212 barrels per day, followed by PT Pertamina EP at 127,889 barrels per day, Total EP Indonesie 66,400, ConocoPhillips Ind Ltd. 44,306 and PHE-ONWJ at 34,056 barrels per day.

Priyono said gas production this year is estimated to reach 8,412 million cubic feet per day (MMSCFD) down by 0.04 percent from last year`s realization at 8,415 MMSCFD.

Oil and gas production this year meanwhile is estimated at 2.367 million barrels oil equivalent a day, down by 1.6 percent from last year`s which was recorded at 2.405 million barrels oil equivalent per day.(*)

Editor: Heru Purwanto
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