Pertamina Produces 127,800 Barrel Oil Per Day

Jakarta (Antara Bali) - PT Pertamina EP said it has succeeded in significantly boosting its oil and gas  production in the first half of the year compared with production in the same period last year.

Its oil production rose to 127,800 barrels from 123,400 barrels per day  and its gas production  increased to 1,050 million from 1,047.7 million cubic feet per day.

Syamsu Alam, the president of the subsidiary of the state oil and gas company PT Pertamina, said oil production began to rise in March this year.

Syamsu said its oil production reached 128,100 BOPD  in March and peaked at 131,500 BOPD in May, but still fell short of the target of 135,000 BOPD set in the 2012 state budget.  

He said the company is set to pump out more oil in the second half of the year through optimization of existing oil wells , development of new oil fields  and redevelopment of old wells.(IGT)