KONTAN.CO.ID - JAKARTA. Indonesia's first-quarter crude oil and natural gas liftings missed their targets because of technical issues at wells and postponements at a liquefied natural gas (LNG) project, data from upstream oil and gas regulator SKK Migas showed on Monday.
Crude oil liftings in the January to March period were 676,200 barrels per day (bpd) because of a higher water ratio in some of the oil wells and investment delays at some oil and gas projects because of the COVID-19 disruption last year, SKK Migas Chairman Dwi Soetjipto told a virtual press briefing. That was below the target of 705,000 bpd.
First-quarter natural gas liftings were 5,539 million cubic feet per day (mmcfd), down from its target of 5,638 mmcfd, Dwi said.