Indonesia Energy Regulator Sees 2015 Upstream Spending At $22B



Reuters

JAKARTA, Dec 12 (Reuters) - Indonesia expects spending in its upstream oil and gas sector to reach $22.2 billion in 2015, a senior official at the upstream regulator (SKKMigas) said, 13 percent less than the amount budgeted for this year.

Energy firms and the regulator had set the expenditure figure to reach a 2015 oil lifting target of 850,000 barrels per day (bpd), SKKMigas deputy chairman Johannes Widjonarko told Reuters, below the 2015 budget target of 900,000 bpd.

Based on data from the regulator, the targeted expenditure in 2014 was $25.64 billion.

(Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Clarence Fernandez)



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