Offshore Drilling Encourages Pertamina Asset-4 Production Increase 4

INDUSTRY.co.id - Jakarta - PT Pertamina EP Asset-4, a subsidiary of PT Pertamina (Persero) of the upstream oil and gas sector, recorded an oil production increase of up to 120 percent of this year's target after completing the drilling of East Java's offshore POL-N2 Poleng Field.

"POL-N2 well drilling is the first offshore drilling well for PT Pertamina EP," said General Manager of PT Pertamina EP Asset-4, Didik Susilo in his press conference in Jakarta, Wednesday (22/11/2017)

In addition to drilling at Poleng Field, Pertamina EP Asset-4 also successfully conducted "onshore" drilling for TPN-4 wells in Dusun Tapen, Senori Sub-district, Tuban Regency, East Java.

"With the success of drilling in these two locations, Pertamina EP Asset-4 achieved 120.3 percent of the 2017 target of 12,255 barrels of oil per day (BOPD) .The cumulative production per November 11, 2017 reached 14,744 BOPD and gas production reached 157.19 million cubic feet per day (MMSCFD)," said Didik.

He explained that the drilling of Poleng Field oil wells located off the coast of Java Sea was conducted for 47 days using Ensco 67 Rig with a depth of 8,696 feet.

Production results from offshore POL-N2 well drilling exceeded the target of 744 barrels of oil per day and 1.07 MMSCFD.

"The success of the Poleng drilling is a very solid teamwork between Management Asset 4, Poleng Field, DWO, EPT and PEP Management's direction in Jakarta so that activities can go according to plan, proving that Pertamina EP is capable of managing offshore well drilling," Didik Susilo said.

Manager of Poleng Field, Charles P. Siallagan added POL-N2 drilling could be completed faster than target. This is proof of Asset 4 Field Poleng able to use cost effectively as has been declared company.

"With faster drilling time Asset 4 Poleng Field is able to reduce RKAP costs by up to 75 percent.POL-N2 well drilling originally budgeted at about 15.5 million US dollars, the realization of the cost can be reduced to about 11.6 million US dollars," said Charles.

As for drilling in Tapen, according to Cepu Field Manager Heru Irianto, it managed to get new production with oil test results about 250 BOPD 250/64 tongs.

"The well that started in drill since October 15, 2017 was completed with the depth of the well to reach about 2022 meters and the work time faster than the target of 31 days and cost more efficient 25 percent of the budget approved SKK Migas about 4.2 million dollars US, " he explained.

Heru said the work on the Tapen structure continued with drilling at the point next to which is Tapen 5 which is not far from Tapen 4 well point. This is to fulfill the commitment in national oil and gas production resilience.