Business Insurance

Login  |  Register Subscribe



cbVid =

Indonesia: Oil wells shut down amid continuing haze

March 20, 2014 - 6:00am


Haze enveloping Riau province is forcing oil companies to shut down their wells, resulting in potential estimated losses of 12,000 barrels of oil per day, a spokesman at a regulatory body said.

PT Chevron Pacific Indonesia, a unit of Chevron Corp., was forced to close 573 oil wells, The Jakarta Globe reported. Handoyo Budi Santoso, chief of the public relations division at regulator SKK Migas, said potential losses from the closure of the Rokan block alone were 8,800 barrels of oil equivalent per day.

Read more

 



Get our daily Global Focus newsletter
  •  


You may also want to visit

International Content