(EnergyAsia, August 22 2011, Monday) — The Indonesian government has acknowledged that the country’s crude oil production will continue to decline as it has not made major new finds or attract sufficient investments into its upstream sector. State regulator BPMigas has reduced its 2011 production forecast to 945,000 b/d from 970,000 b/d at the start…
INDONESIA: Government, IEA expect significantly lower oil output this and next year
Posted on August 22, 2011 by EnergyAsia