more
news

From the Field

Pertamina Indonesia nodding donkey

Pertamina output up, blocks up for bid

JAKARTA, July 20, 2016 – Indonesia’s Pertamina produced 305,000 bopd during the first six months of 2016, the company said late on Tuesday, up around 11% year-on-year.

 

Pertamina vice-president corporate communications Wianda Pusponegoro also noted that the company’s gas production averaged 48.1 mcm (1.7 bcf) during the mentioned period. “With this increase, Pertamina’s oil and gas production rose on a consolidated basis [over] that in last year,” Wianda said, pointing to increases in oil output in Algeria, Iraq and Malaysia.

Pertamina’s output in these markets reached 20,000 bopd, 44,000 bopd and 21,000 bopd, respectively. The company’s gas production in Algeria over the first half of the year averaged 3.14 mcm (111 mcf) while output in Malaysia came out at 2.52 mcm (89 mcf).

Earlier this week, Indonesian officials said the government was putting up acreage in the eastern part of the archipelago for bid. Seven work areas – West Hill, Batu Gajah Dua, Kasongan Sampit, Ampuh, Ebuny, Onin and West Kaimana – will be offered directly. The South CPP, Suramana I, South East Mandar, and North Arguni blocks will be available via open bidding through October 28.

Stay Informed