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Indonesia cuts oil output forecast
August 26 2005
JAKARTA, Thurs: Indonesia, South-East Asia's biggest crude oil producer, cut its oil production forecast 5.7 per cent to 1.06 million barrels a day this year, after rains disrupted drilling at main fields in Sumatera.
The country has missed its initial target of 1.13 million barrels a day because of a production decline at fields operated by Chevron Corp's unit PT Caltex Pacific Indonesia, PT Medco Energi Internasional, and state oil company PT Pertamina, Energy and Mineral Resources Minister Purnomo Yusgiantoro said yesterday.
"Our oil and condensates output will range between 1.06 million and 1.08 barrels a day," Purnomo said in Jakarta.
http://www.btimes.com.my/Friday/Nation/20050825213231