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First Semester 2017, Oil Lifting Below the State Budget Target

06/07/2017 19:34 WIB

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Oil and Gas Lifting, First Semester 2017

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First Semester 2017, Oil Lifting Below the State Budget Target

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Oil and Gas Lifting, First Semester 2017

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National oil and gas (Migas) lifting in the first half of 2017 fell short of the target set in the 2017 State Budget (APBN). SKK Migas data recorded that oil lifting realization in the first half of 2017 only reached 802 MBOPD (thousand barrels per day), or 98.4 percent of the target of 815 thousand barrels per day.

Meanwhile, gas lifting in the first six months of 2017 reached 6,338 MMSCFD (million standard cubic feet per day), or only 98.42 percent of the APBN 2017 target of 6,440 MMSCFD. The total oil and gas lifting in the first half of 2017 reached 1,934 MBOEPD (thousand barrels of oil equivalent per day), or approximately 98.42 percent of the APBN target of 1,965 MBOEPD. Using the gas conversion factor of 1 MBOE = 5.6 MMSCF.

"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."

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First Semester 2017, Oil Lifting Below the State Budget Target

First Semester 2017, Oil Lifting Below the State Budget Target

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First Semester 2017, Oil Lifting Below the State Budget Target

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