KUALA LUMPUR: Indonesia's crude output in 2012 will fall 20,000 barrels per day (bpd) on the year to 910,000 bpd, a senior energy official said on Wednesday.
The country is aiming to boost oil output to around 1 million bpd over the next two years, R Priyono, chairman of Indonesia's oil and gas regulator BPMigas told reporters on the sidelines of an industry event in Malaysia.
The increase will come as Exxon Mobil boosts production from the Cepu oilfield, he said.
"In 2014, it is going up to 1 million bpd," he said.
A new liquefied natural gas (LNG) export facility, the third plant at Indonesia's Tangguh gas field, will start up in 2015, he said.
Energy major BP Plc has discovered enough reserves to enable it to build the third LNG train at Tangguh.
Indonesia was the second-largest LNG exporter after Qatar last year but has fallen to third place this year due to declining output from ageing fields and rising demand from power plants, forcing it to seek imports to meet demand in some areas.
Last year, the government said it will allow private firms to import natural gas for the first time.
Indonesia is exporting half of its gas output of 8 million cubic feet per day, Priyono said.
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