Pertamina Targets to Add Sumak Wells in Mahakam Block

By : Hariyanto And Aldo Bella Putra | Sunday, September 17 2017 - 19:00 IWST

Migas Ilustrasi
Migas Ilustrasi

INDUSTRY.co.id - Jakarta - Along with earlier investment to prevent production decline, PT Pertamina (Persero) targets to increase the number of wells drilled in the Mahakam Block by the end of 2017.

Pertamina Meidawati, Senior Vice President of Upstream Strategic Planning and Operation Evaluation said Pertamina is preparing to drill two wells before the end of the initial investment period in the Mahakam block.

"Three wells are almost done. We plan five wells. We will add two more wells," said Meidawati at the Coordinating Ministry of Maritime Affairs, Friday (15/09/2017).

The performance of the transition team in the Mahakam Block exceeds expectations as it progresses rapidly, so production can remain stable about one billion cubic feet (BCF).

According to Meidawati, Pertamina had previously prepared a budget for initial investment in Mahakam, so that the planned addition of drilling wells will not be constrained by funding problems. Especially, the drilling more than the cost is more economical.

"The cost is also cheaper, we first budgeted for 19 wells. So there is still room to add," said Meidawati.

PT Total E & P Indonesie, operator of Mahakam until the end of 2017 has allowed Pertamina to make an early investment.

This happened to reduce the impact of well-being conditions on the old Mahakam block, potentially leading to a drop in gas production.

News Comment

Today's Industry

Launch of OKINO C100, tiny vape with O-Tape Coil technology. (Photo: OKINO Public Relations)

Kamis, 29 September 2022 - 15:38 WIB

OKINO C100, Tiny Vape With O-Tape Coil Technology

The consumption of e-cigarettes in Indonesia continues to increase. The Indonesian Personal Vaporizer Association (APVI) estimates that there are currently 2.2 million e-cigarette (vape) users.…

EH Free Swinging Hinges

Kamis, 29 September 2022 - 12:00 WIB

Southco Introduces Free-Swinging Hinges in New Materials to Meet Demanding, Heavy-Duty Applications

Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning…

President Jokowi distributes direct cash assistance in South Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 21:50 WIB

President Jokowi Distributes Assistances in South Buton

President Joko “Jokowi” Widodo Tuesday (09/27) distributed direct cash assistance (BLT) for fuel for beneficiaries of Family Hope Program (PKH) at Batauga post office, South Buton regency,…

President Jokowi at the inspection at PT Wika Bitumen, Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 19:00 WIB

President Jokowi Pushes for Revival of Asphalt Producing Industries in Buton

President Joko “Jokowi” Widodo Tuesday (09/27) expressed hope to Buton regency, Southeast Sulawesi province to maximize its potential so it can re-emerge as an asphalt-manufacturing industrial…

KRAIBURG TPE presents THERMOLAST® R

Rabu, 28 September 2022 - 17:00 WIB

KRAIBURG TPE to campaign in Düsseldorf: The focus is on sustainable products and discussion

To ensure that customers of KRAIBURG TPE always achieve the best result, individual materials solutions are developed for many requested applications. The result: Right in time for the 2022…