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Indonesia still struggling to produce more
Publication year - 2007
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2007.320813.x
Subject(s) - fell , crude oil , agricultural economics , economics , geography , engineering , cartography , petroleum engineering
Indonesia's production of crude oil and NGL continues to decline. From an output of 1.01 mn bpd in 2006, it is now reported to be producing only 945,000 bpd. The country's upstream regulatory body, BPMigas, has set a target of 1.10 mn bpd for 2009, but it is not clear how this is to be achieved. Last year, the country fell below its official target of 1.05 mn bpd by just over 4%.