Oil and Gas Exploration in 2017 Increases

By : Ridwan And Aldo Bella Putra | Monday, October 02 2017 - 20:00 IWST

Migas Ilustrasi
Migas Ilustrasi

INDUSTRY.co.id - Jakarta, The realization of drilling of oil and gas wells for exploration increased in 2017 when compared to the same activities in 2016. To date, drilling has been done in 40 wells, more than last year which was only 34 wells. Until the end of the year, drilling activities are expected to increase.

Deputy Minister of Energy and Mineral Resources (ESDM), Arcandra Tahar expects exploration activities until the end of this year can be done as expected. "We still have 3 more months, if there are things that we can pursue, so this exploration activity can be as we expect," said Arcandra in Jakarta (2/10/2017).

In the dialogue, Deputy of SKK Migas Planning, Jaffee Arizon Suardin explained the performance of oil and gas exploration for the last 10 years.

Meanwhile, Jaffee Arizon, Deputy for Oil and Natural Gas Planning, said that for the realization of 2017, we have just finished revising WP & B 2017 and will start WP & B 2018. This shows the realization is about 22 percent for seismic survey, for nonseismic survey about 70 percent, and for exploration drilling is about 29 percent (from WP & B 2017 as many as 138 wells).

"But the exploration well drilling activities in 2017, better than in 2016," said Jaffee.

In addition to the number of exploration well drilling, the total investment of exploration blocks, based on revised WP & B data, as of the second quarter of 2017 was Rp 11.6 trillion. "The amount is greater than the realization of 2016 which is only worth Rp 4.2 trillion," he said.

News Comment

Today's Industry

Vaccine Covax-19

Kamis, 03 September 2020 - 16:05 WIB

$1m for Covax-19 vaccine work

The $1 million grant is one of 13 early stage biomedical projects to receive funding through the Federal Government’s Biomedical Translation Bridge (BTB) program, part of Australia’s landmark…

Jonathan Knudsen - Senior Security Strategist, Synopsys Software Integrity Group

Rabu, 02 September 2020 - 15:50 WIB

How to Cyber Security: Pain in the AST

Language is tricky, especially in areas where it is evolving quickly. Software security is a young and volatile field where new terminology ebbs and flows continually.

Ilustration Palm Oil (RSPO)

Jumat, 21 Agustus 2020 - 20:05 WIB

Shared Responsibility Boosts Sustainable Palm Oil Absorption In Indonesia

The Roundtable on Sustainable Palm Oil (RSPO) has been upholding the shared responsibility concept after its adoption in the 15th General Assembly in 2018.

HackerOne (Images by Tekno Tempo.co)

Rabu, 19 Agustus 2020 - 16:50 WIB

COVID-19 puts CISOs under strain: 21% of Businesses In Singapore Have Seen More Attacks During The Pandemic

HackerOne, the world’s trusted hacker-powered security platform, today revealed research that 21% of businesses in Singapore have seen an increase in attacks on their IT systems as a result…

HIMA's HIQuad X safety systems (Photo by HIMA)

Rabu, 12 Agustus 2020 - 14:45 WIB

Australia's Nickel West Modernized with HIMA’s HIQuad X Safety Systems

Nickel West, a fully integrated mine-to-market nickel producer, part of one of the world's leading producers of major commodities BHP in Australia