JAKARTA: PT Pertamina EP said that average oil output of its six oil fields reached 100%, exceeding the output target of this month.Human Resources Manager of Pertamina EP Agus Amperianto said the condition bolstered the output target in 2011 which is set at 132,000 barrel a day.Those six oil fields of Pertamina EP are Rantau, Lirik, Bunyu, Sangsana, Tarakan, and Tambun Field.In early May, as he said, the output of Rantau field successfully reached 2,861 BOPD or 117% of the target, followed by Lirik field with 2,375 BOPD or 106% of the target, Bunyu with 6,249 BOPD or 135% of the target.Besides, Sangasanga was 6,442 BOPD or 118% of the target. Meanwhile, output of Tarakan and Tambun fields were 830 BOPD and 8,808 BOPD or 121% and 101% of the target, respectively.Based on decree of Agency for Upstream Oil and Gas Activity (BP Migas) No. 0147/BPB0000/2011/S1 dated on February 8, 2011 on production monitoring in 2010, Deputy Operational Control Budi Indianto recorded the average oil output of Pertamina EP was 128,882 barrel per day (BOPD) or 100.69% of the output target in State Budget at 128,000 BOPD.The figure was 2.8% above the average output in 2009 which was 125,385 BOPD.For 2011, BP Migas hopes Pertamina EP to able to keep the good performance with output target of 132,000 BOPD for oil as stated in State Budget while gas output target of BP&B is at 1,105 MMscfd.Angola BlockSeperately, Member of Commission VII of House of Representatives Dito Ganinduto saw the effort of Pertamina to explore oil resources overseas, in response to the companys plan to acquire 25% share in Exxon Mobil Corp in Angola, Africa, has to be realized.He reasoned the realization is necessary in order to reduce the dependency on local oil and gas supply. The funding of the plan can be supported by issuing global bond.Principally, as he said, the partnership in the utilization of oil fields overseas is an inorganic effort of Pertamina which may increase oil lifting. This way is believed to be able to increase national oil output which tends to decline in the last five year. It will be another alternative to the effort of optimizing domestic oil reserve. Moreover, he said the plan to buy oil and gas block has to be accompanied with a due diligence thus the acquisition price will be reasonable and will not be too high. (T03/NOM)
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