The Energy and Mineral Resources Ministry is assuring the country that the ongoing unrest in several major oil-producing countries in the Middle East will not affect Indonesia’s fuel supply.
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State oil and gas firm PT Pertamina and Indonesia’s largest private oil and gas producer PT Medco Energi Internasional have temporarily halted operations in Libya due to ongoing popular unrest in the country.
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Fuel control in Indonesia is still unlikely as the nation has seen several delays of its implementation ever since the issue surfaced last year.
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Indonesia should delay a plan to limit the sale of subsidized fuel because of current high oil prices, Coordinating Minister for the Economy Hatta Rajasa said.
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Chevron’s Gendalo-Gehem deepwater gas project in Indonesia is expected to start initial production of 120 million standard cubic feet per day (MMcfd) in the third quarter of 2014.
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Mainboard-listed Ramba Energy has said it expects to double its gas production with two new wells by the end of this year.
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Malaysia's Genting Oil has found gas in Indonesia's West Papua Kasuri block, which is still in the exploration stage, the spokesman of Indonesia's upstream regulator BPMigas Elan Biantoro said in a statement.
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Average oil production had only reached 901,000 barrels of oil per day in January, well below the national target of 965,000 bpd, due to poor weather, a state official said on Wednesday.
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Indonesia expects to begin producing gas from coal bed methane projects in May this year, oil and gas watchdog BPMigas said today.
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SGX mainboard-listed company, Ramba Energy Limited (“Ramba”) announces the discovery of oil during the JRR-3 ST workover at the Jatirarangon gas producing field (“Jati Block”) in Cikarang, West Java, Indonesia.
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