Pertamina Targets 12K bpd from Pondok Tenguah by Year's End
Pertamina EP is optimistic that oil production from Pondok Tengah field in Bekasi, Indonesia will exceed 12,000 barrels per day by the end of the year, according to BP Migas, Indonesia's upstream oil and gas regulator. Pertamina is intensifying development activities, including building production facilities to raise output, Pertamina EP President Director Kun Kurnely said in Jakarta on May 31.
"We believe we can reach 12,000 barrels a day this year," said Kurnely, as quoted by several media outlets. "That far exceeds our initial target."
Pondok Tengah started production in August 2006. At present its output is at 4,000 bpd.
The Indonesian government aims to increase national oil and gas production by 30% in 2009. The additional output is expected to come from Pondok Tengah and Cepu.
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Company: BP Migas more info
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