PT BBS: Production Target Unfulfilled Due to Illegal Trading

By : Hariyanto And Aldo Bella Putra | Friday, February 09 2018 - 18:00 IWST

Migas Ilustrasi
Migas Ilustrasi

INDUSTRY.co.id - Bojonegoro - Oil and gas operators (oil and gas) Wonocolo Old Wells, Kedewan Sub-district, Bojonegoro District Pertamina Asset 4 Field Cepu will optimize production through Bjdeg Bojonegoro Bangun Sarana (BBS).

Asset Management Manager of Strategic Planning & Risk Management, Pertamina EP Center Manager, Teguh Budi Santoso, said that the old well production cooperation is known only with PT BBS.

"Cooperation which is known by the operator only to PT BBS is not related to other oil and gas management," he said after an evaluation meeting on the management of old wells at the Bojonegoro regency office yesterday.

While in the field, the traditional oil drilling is also managed by Village Unit Cooperative (KUD). The production contract with KUD will be exhausted in 2019. The operator plans not to renew the management contract with the KUD. According to the contract KUD manages five old wells.

"In the year 2019, the contract of wells management by KUD as many as five wells has been exhausted, we have no cooperation yet, but more optimize the management of BUMD," he explained.

The old well management contract is based on Ministerial Regulation (Permen) Energi Mineral Resources (ESDM) No. 1 of 2008 concerning Guidelines for the Exploitation of Mining Oil and Natural Gas at Old Wells. Cooperation contract operator with PT BBS conducted on August 16, 2017 ago. PT BBS is expected to produce 500 BOPD of crude oil.

"The fulfillment of the 500 BOPD production target is one of them due to illegal trading, there are still friends who still manage the old wells," said Director of PT BBS, Tony Ade Irawan.

In the cooperation contract, the number of wells held by PT BBS is 505 wells. However, per day, now there are only about eight to nine wells that continue to deposit to PT BBS. Of the amount of the deposit, crude oil production from PT BBS is only about 100 BOPD.

Tony said, in the near future, it will make a well service submission to the operator to achieve production targets. In addition, he admitted that he is now more focused on improving the traditional drilling administration, ranging from procurement guarantee BPJS allowance, PPE for miners and miners' welfare. (bj)

News Comment

Today's Industry

TokoScore owns features of income prediction and fraud flags. (Photo: indotelko.com)

Kamis, 22 September 2022 - 12:29 WIB

Encouraging Financial Inclusion, Tokoscore Services Enable to Raise GOTO Revenue

The expansion of PT GOTO Gojek Tokopedia Tbk (GOTO) into the creditworthiness analysis business as known as credit scoring, through Tokoscore, has received a positive response from market players.…

Alternative tobacco products. (Photo: lifestyle.sindonews.com)

Rabu, 21 September 2022 - 11:20 WIB

Indonesia Needs to Encourage Alternative Tobacco Products Research Collaboration

The scientific studies development on alternative tobacco products in Indonesia is still too minimal. The Indonesian government is suggested to encourage research collaboration on alternative…

Alternative tobacco products. (Photo: lifestyle.sindonews.com)

Rabu, 14 September 2022 - 12:30 WIB

Adult Smokers Entitled to Valid and Reliable Information of Alternative Tobacco Products

Public owns the rights to obtain valid and reliable information to improve their health quality. The same rights is also owned by adult smokers, particularly to pertinent information about the…

Tikki Pangestu, the former Director of Policy Research and Cooperation of World Health Organization (WHO). (Photo: channelnewsasia.com)

Selasa, 06 September 2022 - 19:10 WIB

Alternative Tobacco Products, Strategy to Reduce Smoking Prevalence

The high smoking prevalence has been closely associated with increased smoking-related diseases. Alternative tobacco products are predicted to be one of the solutions that can help reduce smoking…

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Rabu, 31 Agustus 2022 - 12:26 WIB

More Efficient Business, GOTO Q2-2022 Contribution Margin Soars

A technology issuer with a leading ecosystem in Southeast Asia, PT GoTo Gojek Tokopedia Tbk (GOTO), releases the first half of 2022 financial performance to the same period in 2021 (year on…