Tap Oil and Condensate Production of 985 thousand

Crude oil and condensate production is expected to move to a level of at least 985 000 barrels per day (bpd) starting next June.

This terjadi oil and gas industry following the re-stimulation of post-release restrictions (capping) the cost of replacing oil and gas operations produksi (cost recovery) previously set out in Budget 2010 and the accelerated approval of work programs and budgets (working programs and budgeting / WP & B).

"Production of oil and condensate daily has currently reached 970 thousand bpd. The level of production is expected to continue to survive so that the average monthly production in May is estimated to be over 965 000 bpd," said Chief Executive Agency for Upstream Oil and Gas (BP Migas ), R. Priyono in the Ministry of Energy and Mineral Resources (ESDM), Jakarta, Thursday (6 / 5).

Based on data from BP Migas, the average oil production of 965 392 bpd in April. Meanwhile, the average 2010 production of 956 706 bpd of new mencaai.

"The improvement in production was caused by at least two factors. First, the release limit (capping) cost recovery, which previously regulated by the state budget and causing investors to reduce their investment interests, especially in new exploration activities and production facilities maintenance activities. I heard today a new fervor because capping cost recovery is not so applied, "he said.

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