Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Chevron Riau Oil Deliveries May Resume Today, SKK Migas Says

Feb. 7 (Bloomberg) -- Oil deliveries from Chevron Corp. fields in Indonesia’s Riau province are likely to return to normal today after delays caused by a pipeline leak, according to the country’s energy regulator.

The Feb. 5 breach on the 76-kilometer (47 miles) line disrupted deliveries of oil from the Bangko area to the Dumai terminal, Gde Pradnyana, deputy of operations at SKK Migas said in e-mailed statement. Production at Chevron’s fields has not been affected and output is being stored in tanks amid repairs to the pipe, he said.

PT Chevron Pacific Indonesia produced 327,692 barrels of oil a day as of Jan. 27, representing about 40 percent of Indonesia’s oil output, according to data from the regulator.

Chevron Pacific Indonesia’s response team has contained the leak and begun clean-up work, Alexander Yelland, a company spokesman, said in an e-mailed statement yesterday. “We are working to minimize any impact to production” he said. “The cause of the incident is currently being investigated.”

The pipeline delivers output from the Duri field in the Rokan oil block, Yelland said.

Indonesia is trying to stem a decline in maturing fields amid a lack of new discoveries. Oil output may shrink to 830,000 barrels a day this year, the lowest since 1969 when Indonesia produced 742,000 barrels, according to data from SKK Migas on Feb.1. That would also be less than the government’s sales target of 900,000 barrels a day in the 2013 state budget.

To contact the reporter on this story: Fitri Wulandari in Jakarta at fwulandari@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.