Target Production of
crude oil ready to sell (lifting)
of 950,000 barrels per day (bpd) in the draft state budget revenue and expenditure in 2012 are unlikely to be achieved. There are some fundamental problems unresolved that is as new wells in
Cepu can not produce quickly. Mature wells
that had high levels of depression, incentives
for the use of high
technology in oil and gas production was
still less by investors.
Lack of investment in this sector, he considered as the completion of the revised Law on Oil and Gas, and the condition
of BP Migas BP Migas. Investor seen
as a politicized institution.