Indonesia has renewed oil production target at 1.05 million barrels per day (bpd), slightly above the initial target of 1.03 bpd, an official said Monday.
"We have made an assessment and found that the target was realistic," said Oil and Gas Executive Body (BP Migas) chairman Kardaya Warnika.
Chevron is expected to become the largest contributor with some440,000 bpd from its oil blocks in Sumatra and Kalimantan, while state-run oil firm Pertamina may add 145,000 bpd, he said.
Other major producers include Conoco Philips, China National Offshore Oil Corp., Medco, Total EP and Petro China.
Indonesia's biggest oil block Cepu, operated jointly between Pertamina and Exxon Mobil, was not included because production would start late this year, he told a press conference here.
Indonesia is Southeast Asia's only OPEC member and its output is governed by a quota from the cartel at 1.4 million bpd, but has failed to meet the quota in recent years.
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