Chief spokesman of SKK Migas Rudianto Rimbono said in 2014, state revenues from oil and gas reached US$28.3 billion or around Rp354 trillion.
"In 2015, the state share of oil and gas production is expected to fall to only US$12.9 billion-US$19.4 billion (Rp161 trillion-Rp243 trillion)," Rudianto said here on Wednesday.
He said in 2015, the average oil price is predicted to fall to US$65-US$85 per barrel from an average of US$100.48 per barrels in 2014.
He said oil lifting (production sold) is predicted to average 840,000-850,000 barrels per day in 2015 and gas lifting is predicted to reach 1,17 million barrels - 1.177 million barrels per day.
Operating and development costs are estimated to reach US$18.6 billion - US$19.5 billion, he added.
In 2014, oil lifting averaged 794,000 barrels per day and gas lifting 1.218 million barrels per day.
Altogether oil and gas revenues in 2015 are estimated to reach US$52.7 billion including US$28.9 billion in oil revenue and US$23.8 billion in gas revenue.
The state's share of the oil revenue was US$17.02 billion, cost recovery to be repaid to contract was US$8.68 billion and shares of contractors totaled US$3.18 billion.
State's share of gas revenues was US$11.32 billion and those of contractors totaled US$5.26 billion and cost recovery to be repaid to the contractor totaled US$7.23 billion.
Altogether state share of the revenues totaled US$28.33 billion, contractors' share totaled US$8.43 billion and cost recovery totaled US$15.91 billion. (WDY)
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