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Indonesia Q1 crude oil and gas lifting down from last year, cuts outlook- SKK Migas

Thu, 16th Apr 2020 10:43

JAKARTA, April 16 (Reuters) - Indonesia's upstream oil and
gas lifting fell in the first quarter, Dwi Soetjipto, chairman
of upstream oil and gas regulator SKK Migas told reporters on
Thursday.

Indonesia's crude oil lifting from January to March stood at
701,600 barrels per day (bpd) versus 746,000 bpd in 2019.

The country's gas lifting in the first quarter stood at
5,866 millions of cubic feet per day (mmcfd) compared to the
7,000 mmcfd last year.

SKK Migas also cut this year's production outlook for both
crude oil and gas to 725,000 bpd and 5,727 mmcfd respectively.
(Reporting by Wilda Asmarini; Writing by Fathin Ungku; Editing
by Toby Chopra)

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