JAKARTA -(Dow Jones)- Indonesian upstream oil and gas regulator BP Migas late
Tuesday said that 13 new oil and gas fields are scheduled to start producing a
combined output of 13,974 barrels of crude oil per day and 303.32 million cubic
feet of gas per day later this year.
Among the fields is Total SA's Handil Phase-3 in Kalimantan, which will
produce 3,400 barrel/day of crude oil.
Another Total field, Bekapai, is scheduled to start producing 1,400 barrels/
day later this year, and its Tunu13A 1,003 barrels/day.
The Banyu Urip field, jointly developed by Exxon Mobil Corp and PT Pertamina,
is slated to start producing 1,700 barrels/day later this year.
The entire investment to develop the 13 fields amounts to $11.96 billion.
BP Migas Chairman Priyono said that the new fields will help the government
achieve its crude oil output target of 977,000 barrels/day this year.
The body's former chairman Kardaya Warnika told Dow Jones Newswires in March
that he is optimistic that the country's crude oil output would exceed one
million barrels a day this year.
The government is struggling to boost oil production after a lack of
significant investment in the upstream oil sector in the past several years sent
output to its lowest level in more than 30 years.
Indonesia turned a net oil importer earlier in the decade, and the government
is considering withdrawing its membership of the Organization of Petroleum
Exporting Countries.
-By Deden Sudrajat, contributing to Dow Jones Newswires; 62-21 39831277; I-
Made.Sentana@dowjones.com
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