Renewed Oil Production Target News

Indonesia has renewed oil production target at 1.05 million barrels per day (bpd), slightly above the initial target of 1.03 bpd, according to a report found on http://news.xinhuanet.com. Chevron is expected to become the largest contributor with some 440,000 bpd from its oil blocks in Sumatra and Kalimantan, while state-run oil firm Pertamina may add 145,000 bpd. Other major producers include Conoco Philips, China National Offshore Oil Corp., Medco, Total EP and Petro China