Oil Production Targets Have Not Been Achieved. Here's An Explanation Of Oil And Gas SKK

JAKARTA - National oil production until the third quarter of 2022 has not yet reached the set target. Referring to data, the National Oil and Gas Upstream Business Activities (SKK Migas) for national oil production in the third quarter of 2022 only reached 613,100 barrels per day (bpd).

The realization is only about 87.2 percent of the 2022 State Revenue and Expenditure Budget (APBN) target of 703,000 barrels per day (bph).

Expert Head of SKK Migas Ngatijan explained that efforts to achieve the production target have indeed encountered challenges since the beginning of the year.

"From the beginning of the year we knew that our ability to reach 703,000 barrels was very difficult," he said in the FGD, quoted Tuesday, October 4.

Ngatijan said the unplanned shutdown that occurred in several oil and gas fields since the beginning of the year had an impact on achieving oil and gas production this year.

Meanwhile, Ngatijan continued, oil lifting until the third quarter of 2022 reached 610,100 bp or 86.8 percent of the target of 703,000 bp.

Meanwhile, gas channels reached 5,353 MMSCFD or 92.3 percent of the target of 5,800 MMSCFD.

"The total oil and gas lifting reached 1.566 million barrels of oil equivalent per day (BOEPD) or 90.1 percent of the state budget's target of 1.739 million BOEPD," he said.