Pertamina EP to produce 140,000 barrels of oil per day

JAKARTA. Oil and gas firm Pertamina EP will produce 140,000 barrels of oil per day (bopd) in the second semester this year in an effort to meet the average target of 131,000 bopd this year.

At present, Pertamina EP only produces 123,000 bopd as its activities have been disrupted by rainy weather.

Pertamina EP’s acting operational director Tony Harisman said Pertamina expected to drill 155 wells this year, but so far it could only realize 25 wells in the first quarter. “Those wells will start producing oil by the end of this year,” he said.

He was optimistic that Pertamina EP would meet the output target this year, citing that Pertamina EP had increased oil production in Sanga-Sanga Tarakan oil fields from 4,300 bopd to 7,505 bopd and Rimau oil field from 6,000 bopd to 9,678 bopd.

Pertamina EP is a subsidiary of state-owned oil and gas firm Pertamina. (The Jakarta Post)