SKK Migas receives sixth unqualified opinion rating

SKK Migas receives sixth unqualified opinion rating

Johanes Widjonarko. (ANTARA/Muhammad Adimaja)

This is an achievement that deserves to be pride of SKK Migas` financial reports ..."
Jakarta (ANTARA News) - The State Audit Board (BPK) has given the unqualified opinion rating for the sixth time to the Upstream Oil and Gas Regulators (SKK Migass) financial report.

Acting Head of SKK Migas Johanes Widjonarko said in a press statement here on Sunday that his office received unqualified opinions for its November 14 - December 31, 2012 financial report as well as for its December 31, 2013 financial report.

The BPK has previously granted unqualified opinion ratings to its financial reports for the periods from 2008 to 2013.

"This is an achievement that deserves to be pride of SKK Migas financial reports have received the BPKs unqualified opinion ratings for six consecutive times," J Widjonarko said.

BPKs Member VII Bahrullah Akbar handed over the BPKs audit results and the unqualified opinion rating to J Widjonarko at the BPK office here on Tuesday (July 8, 2014).

An unqualified opinion is the highest ranking in a BPK audit, followed by qualified, adverse and disclaimer opinions - the lowest ranking.

In the meantime, J. Widjonarko said last week the SKK Migas had forecast that Indonesias crude oil production would increase in the second half of this year.

The projects designed to increase oil output will begin operating in the second semester, he said.

In the first half of 2014, crude oil production stood at 796 thousand barrels per day (bpd), and gas production reached 6.9 billion standard cubic feet per day (MMSCFD), he pointed out.

Oil lifting (oil sold) as of April 30, 2014, reached 796.5 thousand bpd and gas totaled 1.239 million barrels of oil equivalent per day, he added.

The projects designed to increase production are either existing or new projects, Widjonarko remarked.

Among the new fields that will start producing in the second half of 2014 are Peciko 7B, Sisi Nubi 2B, and Banyu Urip.

Under the revised 2014 state budget, the target of oil lifting is 818 thousand bpd, and the target of gas production is 7,099 MMSCFD or 1.224 million barrels of oil equivalent per day.

The oil lifting comprises 304,150 bpd from PT Chevron Pacific Indonesia, 127,420 bpd from PT Pertamina EP, 66,860 bpd from Total E&P Indonesie, 39,790 bpd from PT Pertamina Hulu Energi Ofshore North West Java (PHE ONWJ), and 34,080 bpd from CNOOC SES Limited.

Oil lifting from Mobil Cepu Limited is expected to reach 31,880 bpd, ConocoPhillips Indonesia Limited 27,090 bpd, PT Pertamina Hulu Energi West Madura Offshore 22,750 bpd, and Chevron Indonesia Company 19,910 bpd.

PetroChina International Jabung Limited ranked 10th with 14,960 bpd, followed by PT Bumi Siak Pusako Pertamina Hulu with 14.6 thousand bpd, PT Medco E&P Indonesia Rimau with 12,970 bpd, and Vico Indonesia-Sanga Sanga with 12,970 bpd.
(Tz.Uu.A014)

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