Jakarta, CNBC Indonesia – The world crude oil price is still showing a positive trend with the position still above US$ 70 per barrel. Although the last few days have been lower, it is still far from the conditions in the pandemic last year and continues to increase from the beginning of the year which was in the range of US$ 50 per barrel.
On Friday (16/07/2021) trading at 08:13 am, the price of Brent oil was recorded at US$ 73.48 per barrel, up 0.01% compared to the previous day’s closing position. Meanwhile, light sweet reached US$ 71.71 per barrel, up 0.08% from the previous day.
In terms of production, unfortunately, the achievement of Indonesia’s oil and gas lifting production in the first semester of 2021, on average, still does not reach the target set in the State Revenue and Expenditure Budget (APBN).
The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) noted that the realization of oil lifting in the first semester of 2021 averaged 666.6 thousand barrels per day (bpd), or only 94.6% of the oil lifting target for the year. This is set at 705 thousand bpd.
Meanwhile, the realization of gas lifting until June 2021 averaged 5,430 million cubic feet per day (MMSCFD) or 96.3% of this year’s target of 5,638 MMSCFD.
The total oil and gas lifting in the first semester of 2021 was recorded at an average of 1.64 million barrels of oil equivalent per day (BOEPD), or 95.6% of the target of 1.71 million BOEPD.
This was stated by the Head of SKK Migas Dwi Soetjipto during a press conference, today, Friday (16/07/2021).
“Oil and gas lifting increased in June and July, but unfortunately it was low at the beginning of the year,” he said.
Then, who are the oil and gas producers who contribute greatly to oil and gas lifting in the country? The following is a list, as quoted from SKK Migas data:
OIL MANUFACTURER
1. Cepu Car Ltd
The realization of lifting until June 2021 reached 208,936 barrels per day (bpd) or 95.4% of the 2021 APBN target which was set at 219,000 bpd.
The lifting outlook for 2021 is 204,019 bpd.
2. PT Chevron Pacific Indonesia
The realization of lifting until June 2021 reached 160,646 barrels per day (bpd) or 97.4% of the 2021 APBN target which was set at 165,000 bpd.
The outlook for lifting in 2021 is 166,382 bpd.
3. PT Pertamina EP
The realization of lifting until June 2021 reached 71,420 barrels per day (bpd) or 84% of the 2021 APBN target which was set at 85,000 bpd.
The outlook for lifting in 2021 is 77,964 bpd.
– .
