#oil production

Collection of oil production news, found 423 news.

New oil reserve discovered in Riau: Governor

Governor of Riau Province Annas Maamun revealed on Monday that a new oil reserve, presumably the biggest in Riau, was ...

Jokowi needs to announce fuel price policy

Joko Widodo-Jusuf Kalla (Jokowi-JK) presidential pair has to announce fuel price policy as soon as they are ...

SKK Migas receives sixth unqualified opinion rating

The State Audit Board (BPK) has given the unqualified opinion rating for the sixth time to the Upstream Oil and Gas ...

RI`s oil output forecast to increase in second half

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) has forecast that Indonesias crude oil ...

Pertamina denies crude import by brokers

State-owned oil and gas company Pertamina has denied that crude imports have been done by involving traders and ...

Murphy Oil drills two exploration wells in Papua

Murphy Oil is drilling two oil exploration wells in Semai II Block, Fak-Fak offshore, West Papua, at a cost of US$30 ...

Energy crisis threat to economic resilience: Expert

Energy crisis in Indonesia is feared to weaken the countrys economic resilience, an expert said. Shrinking energy ...

Pertamina on course to acquire five foreign assets

PT Pertamina is in the process of acquiring five foreign assets of oil and gas blocks in order to reach 2.2 million ...

RI Needs To Explore New Oil Fields To Increase Production

Indonesia needs to boost oil exploration activities to find new oil fields and increase domestic production, so that ...

Economic growth in draft state budget revision is 5.5 percent

Finance Minister Chatib Basri said the government will revise down the assumed economic growth rate in the draft ...

Cepu oil output predicted to reach 165,000 barrels per day

The upstream oil and gas regulator (SKK Migas) said it is optimistic the crude oil production target of 165,000 barrel ...

Pertamina`s net profit up 11 percent in 2013

Indonesias oil and gas company PT Pertaminas net profit rose by around 11 percent to reach US$3.07 billion in 2013, up ...

Oil lifting below target in 2013

The Upstream Oil and Gas Regulator (SKK Migas) said the countrys oil production in 2013, averaged 825,000 barrels per ...

Bad weather reduces RI`s oil output by 70 thousand BPD

Indonesias crude oil and condensate production fell 70 thousand barrels per day (bpd) to 745 thousand bpd due to bad ...

Govt to revise its oil lifting to 820,000 bpd

The government plans to revise its crude oil and condensate lifting in the Revised 2014 State Budget to 820 thousand ...