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	<title>Business and Finance Corner &#187; Protection and Management of the Environmen</title>
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		<title>Increasing of Oil Production</title>
		<link>http://www.svamarlins.com/increasing-of-oil-production/</link>
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		<pubDate>Fri, 02 Jul 2010 18:47:02 +0000</pubDate>
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				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Oil Production]]></category>
		<category><![CDATA[Protection and Management of the Environmen]]></category>

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		<description><![CDATA[The Upstream Oil and Gas Regulating Agency (BP Migas) said Indonesia’s  crude oil and condensate production so far had continued to rise. Head of BP Migas R Priyono said in Jakarta on Tuesday that the average oil production until June 2010 was recorded at 960,203 barrels per day.
&#8220;The production level increased by 553 barrels per [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-201" src="http://www.svamarlins.com/wp-content/uploads/2010/06/oil-production-300x212.jpg" alt="oil production" width="300" height="212" />The Upstream Oil and Gas Regulating Agency (BP Migas) said Indonesia’s  crude oil and condensate production so far had continued to rise. Head of BP Migas R Priyono said in Jakarta on Tuesday that the average oil production until June 2010 was recorded at 960,203 barrels per day.</p>
<p>&#8220;The production level increased by 553 barrels per day compared to the average production until May 2010 which was 959,650 barrels per day,&#8221; he said.</p>
<p>He said he was optimistic that production will exceed the target set in the 2010 revised state<a href="http://www.svamarlins.com"> budget </a>at 965,000 barrels per day. Meanwhile, the position of oil production as of June 24, 2010 has exceeded the target as set in the revised budget at 965,449 barrels per day.</p>
<p>For gas, according Priyono, the<a href="http://www.svamarlins.com"> average production </a>has up to June exceeded the 2010 budget assumptions.<a href="http://www.svamarlins.com"> Gas production</a> was recorded to reach 8,827 million cubic feet per day (MMSCFD), while the target in the state budget is 7,758  MMSCFD.</p>
<p>Production on June 24, 2010 reached 8,804 MMSCFD. <a href="http://www.svamarlins.com">Oil production </a>continued to rise following the cancellation of restrictions on cost recovery refunding and the clarity of the application of Law No. 32/2009 on the Protection and Management of the Environment(PPLH).</p>
<p>In March 2009, oil production was recorded at 954.1 thousand barrels per day and in April and May it rose further to 956,000 barrels and 959,650 barrels.</p>
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