Rig dearth aggravates Indonesia’s declining oil and gas production

Association of Oil and Gas Companies' Moshe suggested that SKK Migas establish a database to record national rig usage to effectively ensure rig availability and optimise rig utilisation. — The Jakarta Post

JAKARTA: Pertamina EP, the exploration and production arm of state-owned oil and gas company Pertamina, blamed a dearth of oil rigs for hampering efforts to achieve the one million barrels of oil per day (bopd) target.

Bayu Kusuma Tri Aryanto, the company’s Region 2 vice-president for supply chain management, said on Monday that many jackup rigs were being used abroad, limiting the number of rigs readily available for oil companies with operations in Indonesia.