Pair fall short of Indonesian targets

An Indonesian worker checks barrels of oil at a distribution station of the state-owned oil company Pertamina in Jakarta, Indonesia, Friday, June 24, 2005. Crude oil futures briefly touched US$60 a barrel in Asian trading Friday, hours after reaching the psychologically important mark in New York, as prices rose on speculative buying and fears of supply disruptions due to refinery glitches. (AP Photo/Tatan Syuflana)

Falling short: Pertamina and Total both missed their output targets for their Indonesian operations in 2011

TATAN SYUFLANA

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By Staff & news wires

 09 January 2012 07:30 GMT

Indonesian state-run company Pertamina and France’s Total both failed to reach their 2011 production targets in Indonesia.

The Jakarta Globe reported deputy director for operations at upstream regulator BPMigas, Rudi Rubiandini, as saying Total had fallen 9768 barrels short of their 2011 target of 92,000 barrels per day, averaging 82,232 bpd.

Meanwhile Pertamina’s average output during the year was 123,600 bpd, which was short of its target of 132,000 bpd.

“I don’t understand what the problems are with Pertamina,” the Jakarta Globe quoted Rudi as saying.

“When we ordered them to [meet the target], they said OK, but they did not do it. They did not meet the target that they…

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