House Commission VII and the Ministry of Energy and Mineral Resources (ESDM) have agreed on a 2020 ready-to-sell oil lifting target of 755 barrels per day (BOPD) as of late August 2019.
This 2020 oil lifting target is higher than the target in the 2020 State Budget draft (RAPBN 2020) of 734 BOPD, but lower than the 2019 State Budget (APBN 2019) target of 775 BOPD. Meanwhile, the natural gas lifting target for next year remains unchanged, the same as the target in the RAPBN 2020 of 1.19 million barrels of oil equivalent per day (BOEPD).
This means the 2020 oil and gas lifting target is 1,946 BOEPD. This figure is 21 BOEPD higher than the RAPBN 2020 target but 79 BOEPD lower than the APBN 2019 target.
(Read Databoks: Without Technology, Indonesia's Oil Lifting Will Only Reach 281,000 Barrels/Day in 2030)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy,
but please note that automated translations may contain errors or slight inconsistencies."