Image courtesy of SKKMigas

Indonesia’s upstream oil and gas regulator (SKKMigas) said the country’s oil production in 2013 averaged 825,000 barrels per day, falling short of the target of 840,000 barrels set in the budget.

Production of gas also fell short of targets by almost 2%.

State revenues from the oil and gas sector were $31.4 billion (99 per cent of the target).

“Extreme climate was cited as a contributing factor as almost 19,000 barrels of crude oil was lost when the mooring hawser of floating storage and offloading of Cinta Mas broke off Tuban, East Java. In addition, there were more than 2,000 cases of stealing and illegal tapping and delays in the number of oil block coming on stream,” according to the Maritime Executive.


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