Oil and Gas Lifting Estimates Requires Coordination

Oil and Gas Lifting Estimates Requires Coordination

The amount of oil and gas lifting based on the 2010 State Budget is 965.000 bpd.  This amount have not been revised and it is still the official number stated within the state budget.  This was stated by the Minister of Energy and Mineral Resources, Darwin Zahedy Saleh during a meeting between the Ministry of Energy and Mineral Resources with Commission VII of the House of Representatives on Thursday (22/4).  During the meeting, Minister Darwin was accompanied by the Director General of Oil and Gas, Evita Legowo.

The Minister expressed that 965.000 bpd is a realistic amount, stating that “this amount is the target which must be reached by the government.

Based on data from the Directorate General of Oil and Gas, the average lifting as of January 2010 is 956.000 bpd, meanwhile the average crude oil and condensate lifting realization in 2009 (averaged from December 2008 – November 2009) reached 944.000 bpd.  For 2010(averaged from December 2009 – April 2010), this amount reached 963.000 bpd.

“This data is based on coordination from relevant parties” explains the Director General, adding that in order to calculate this number, the Directorate General have installed equipments in 31 points which computes lifting in real time.  Even though this system has yet to calculate the lifting process as a whole, it is relatively sufficient.

Lifting data from the Ministry, BP Migas, and contractors have shown a relatively similar amount.  “Based on coordination from BP Migas with contractors have shown that as of February 2010, the numbers have reached an average of 965.000 bpd.  We have also reached the same amount during our last coordination with the Deputy of Planning for BP Migas” added the Director General.
Source: http://www.esdm.go.id

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