JAKARTA, Aug. 29 (Xinhua) -- Indonesia is expecting a boost in national oil production from 14 new oil fields so as to meet next year's oil production target of 1.034 million barrels per day (bpd), local press said Wednesday.
The government was optimistic it would be able to reach its target as 14 new fields, including Banyu Urip in the Cepu block in East Java, were expected to come on stream sometime next year.
Other fields that were also expected to commence production included a number of fields owned by big oil companies, such as U.S.-based oil major Chevron, French giant Total E and P, and state-owned oil and gas firm Pertamina, reported English daily The Jakarta Post.
In the assumptions presented to the lawmakers, the government stated that Chevron's oil production would reach 376,300 bpd next year and Pertamina 135,600 bpd next year.
Indonesia's average oil production in 2007 is estimated at 1 million bpd.
The government was optimistic it would be able to reach its target as 14 new fields, including Banyu Urip in the Cepu block in East Java, were expected to come on stream sometime next year.
Other fields that were also expected to commence production included a number of fields owned by big oil companies, such as U.S.-based oil major Chevron, French giant Total E and P, and state-owned oil and gas firm Pertamina, reported English daily The Jakarta Post.
In the assumptions presented to the lawmakers, the government stated that Chevron's oil production would reach 376,300 bpd next year and Pertamina 135,600 bpd next year.
Indonesia's average oil production in 2007 is estimated at 1 million bpd.
