Indonesia's Feb crude output slides 7% on year to 785,234 b/d
Jakarta (Platts)--25Mar2011/709 am EDT/1109 GMT
Indonesia's crude output in February fell 7% year on year to 785,234 b/d,
compared with 841,280 b/d a year ago, an official at the country's upstream
regulator, BPMigas, said Friday.
"The lower production is caused by many unplanned shutdowns in our oil
and gas areas," said the official who declined to be named.
Planned and unplanned shutdowns in February included Chevron Pacific
Indonesia's project in Central Sumatra, BP's Tangguh project, ConocoPhillips'
offshore operation and the joint Eni-BP project known as Vico Indonesia, said
But February production edged up 0.5% compared with 781,544 b/d in
January, he said.
The country pumped 120,908 b/d of condensate in February, down 3.6% from
125,100 b/d a year ago and down 3% from January output of 124,560 b/d.
Combined crude and condensate in February stood at 906,142 b/d, down 6.2%
from 966,380 b/d a year ago but little changed from 906,104 b/d in January.
The country also produced 8.759 Bcf/d of gas in February, up 9.7% from
7.982 Bcf/d a year but down 0.12% from 8.77 Bcf/d in January, the official
Indonesia has seen its crude output fall over the years because of the
natural decline at aging fields. It has set a target to produce 970,000 b/d of
crude and condensate this year, but plans to revise this down to 945,000 b/d,
Platts reported earlier this month citing energy and mines minister Darwin
The country failed to meet its 2010 crude and condensate production
target of 965,000 b/d last year, pumping only 947,000 b/d.
--Anita Nugraha, firstname.lastname@example.org
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