Total's Indonesian Unit sees 1Q Mahakam Gas Production at 1.7 Bcfpd

Reuters

JAKARTA, April 25 (Reuters) - Total E&P Indonesie, a unit of French oil firm Total sees first quarter natural gas production from the Mahakam Block at 1.7 billion cubic feet per day (Bcfpd), above its target of 1.5 Bcfpd for 2016, a company spokesman said on Monday.

Its first quarter oil production was in line with its targets at 65,000 barrel per day, spokesman Arividya Novianto told reporters.

Meanwhile, the company has proposed to relinquish the South Sageri block to the government, because "the prospect is not very promising", Novianto said.

(Reporting by Wilda Asmarini; Writing by Fransiska Nangoy; Editing by Christian Schmollinger)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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Brent Crude Oil : $54.33/BBL 0.81%
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