Dec 19 2011 |
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Indonesia to have 15 new oil and gas projects on stream in 2012
JAKARTA, 19 Dec. 2011 (WAM) - Indonesia's upstream Oil andGas Executive Agency ( BP Migas) said 15 natural oil and gasprojects will start producing in 2012.
BP Migas operations deputy Rudi Rubiandini said in a pressrelease in Jakarta that the 15 projects will have a gas production capacity of 1,158 million cubic feet per day (MMSCFD) and 35,200 barrels of oil per day.
"Most of the projects will start producing in the middle orend of 2012, so that contribution of the average annual gasproduction addition will reach 400 MMSCFD and 15,000 barrels ofoil per day," he said.
"We are trying to curb the drop from 12 to three pct," hesaid.
Optimizing the existing fields and the application ofadvanced technology for enhanced oil recovery/EOR are alsobeing continuously being boosted.
"We will try special, comprehensive and `out of the box`measures to boost production outside PoD or the existing plan,"he said.
© Copyright Emirates News Agency (WAM) 2011.
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