Indonesia aims to produce 100,000 oil barrels a day by 2028

06/08/2024 14:10
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KPL (KPL/VNA) Indonesia is trying to increase its oil production that has been dropping since 2020, reversing the declining production trend by exploiting old oil fields and try to find new oil fields, with an aim of producing 100,000 barrels a day by 2028.

(KPL/VNA) Indonesia is trying to increase its oil production that has been dropping since 2020, reversing the declining production trend by exploiting old oil fields and try to find new oil fields, with an aim of producing 100,000 barrels a day by 2028.

In the short term, six oil fields will start production in 2028,” Minister of Energy and Mineral Resources, Arifin Tasrif, said on August 2. They are Ande Ande Lumut, Singa Laut Kuda Laut, Hidayah, BUIC, OO-OX and Forel.

Besides the six oil fields, the Indonesian government is trying to increase oil from recovery of the existing wells. Usually the increase of production from recovery is 30 percent. So the government requested State oil and gas company Pertamina to increase the production from recovery into 50%.

Indonesia produced 708,000 oil barrels per day in 2020 and 578,000 barrels in 2024.

 

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