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 - 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

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…