Head adviser to Upstream Oil and Gas Regulatory Special Task Force Haposan Napitupulu said here Friday that the total budget for 2015 has been set at US$22.2 billion for oil and gas in accordance with a "work program and budget" (WP&B) cooperation agreement that has calculated oil price at US$105 dollar per barrel.
Of the total budget, US$1.3 billion will be utilized for the exploration of oil by drilling 54 two-dimension seismic wells along 947,2 km and three-dimension seismic wells along 2.300 km.
An amount of US$4.7 billion will be used for constructing wells, US$14.8 billion for the production of 952 "work over" wells, US$38.914 for the maintenance of wells, and the remaining US$1.5 billion is meant for general expenses.(*)
Editor: Heru Purwanto
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