Indonesia Oil Production Hits One Million BPD

Indonesia's daily oil production has hit one million bpd, following its recent struggle to raise production amid surging oil prices.

National oil production is set to get an additional supply of 60,000 bpd from nine newly operating oil fields soon this year, according to a representative of BP's Indonesian arm BP Migas, quoted by official Chinese news agency Xinhua.

The Indonesian Government previously lowered the production target to around 950,000 bpd from one million barrels due to aging blocks and under-investment.

By staff writer