Скачать или смотреть Sugih targets gas production 10 MMSCFD

JAKARTA – PT Sugih Energy Tbk (SUGI) will focus on gas business in 2016 because oil price has been decreasing since middle of 2015. The oil price has decreased from US$70 per barrel to US$30 per barrel per day.

Director of PT Sugih Energy Tbk, Chia Hsin Wu said Sugi's program from 2015 has emphasized gas because the oil price has decreased from US$70 per barrel to US$20 per barrel. “So, our focus since middle of 2015 has been mostly gas. That is why the company's target in oil production did not reach target. Because of that, our oil production experienced a loss,” he said in Jakarta.

According to him in 2016, the company targets optimizing gas production from Blok Lemang and Blok Selat Panjang an average 5,000 barrel of oil per day (BOPD). Also, the company will target to produce gas an amount of 10 mmscfd.