Pertamina Q1 Oil Output Slightly Below Target

Wilda Asmarini
Monday, April 6, 2020

Indonesia's state oil and gas company PT Pertamina produced 421,000 barrels of crude oil per day and 2,887 million cubic feet of gas per day (mmscfd) in the first quarter of 2020, it said in a statement on Monday.

"Amid work and personnel adjustment due to the COVID-19 pandemic, Pertamina is still trying to maintain oil and gas production according to targets," the company said in the statement, adding that first-quarter output was 99% of its target.

A Pertamina official said in November the company was targeting production of 430,000 bpd of crude and 2,857 mmscfd of gas this year.

Pertamina's production from overseas fields in the first quarter was 156,000 barrels of oil equivalent per day, 103% of its overseas output target this year, mainly due to higher output from its Algeria field. 

(Reporting by Wilda Asmarini Writing by Fransiska Nangoy; Editing by Kirsten Donovan)

Categories: Energy Industry News Oil Production Asia Indonesia

Related Stories

Malaysia Offers Nine Exploration Blocks in 2026 Bid Round

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

Shell Reserve Decline Raises Need for Deals or Discoveries

Current News

Norway Oil and Gas Investment Expected to Drop in 2026

QatarEnergy Receives Offshore Exploration License From Libya

Libya Awards First Oil Blocks Since 2007 to Chevron, Eni

TGS Embarks on Multi-Client 2D Survey off Angola

Subscribe for OE Digital E‑News