PGN Saka Agrees on Sedayu Oil and Gas Field Development

By : Hariyanto And Aldo Bella Putra | Tuesday, May 01 2018 - 17:00 IWST

Ilustrasi Migas
Ilustrasi Migas

INDUSTRY.co.id - Jakarta - PT Saka Energi Indonesia (PGN Saka) has approved the first phase of Sidayu field development at Pangkah PSC, East Java, in an effort to continue its exploration commitments. It is estimated that the development can be completed and increase production by the end of 2019.

Sidayu Field is a development with shallow water depth (about 15 meters) with four planned production wells, located about seven kilometers from Pangkah main square, where the result will be connected with existing production facilities via subsea pipeline.

Following a successful exploration program in Sidayu in early 2017, Planayu Development (POD) will build an additional production platform and several development wells. POD has been approved by SKK Migas at the end of October 2017.

After Sidayu, PGN Saka will develop West Pangkah field, where POD has been obtained and is in the process of Final Investment Decision (FID).

PGN Saka invests to develop Sidayu and West Pangkah field amounting to Rp2.4 trillion in the hope that both fields can increase production in Pangkah PSC reach 12,500 BOPD oil and 90 MMSCFD gas. This project will contribute to the Government of the Republic of Indonesia approximately Rp1, 2 trillion.

Consistent with its commitment to support government programs to increase exploration activities in Indonesia, PGN Saka will continue its exploration program at Pangkah PSC and South Sesulu PSC in 2018.

The program will include further exploration drilling and testing of two prospects, the Tambakboyo structure at Pangkah PSC and West SIS-A structures at the South Sesulu PSC.

"These new development projects will produce much-needed energy for Indonesia's growing economy," said Saka Energi President Tumbur Parlindungan.

He explained that this development supports the country's need to increase domestic gas supply. Pangkah PSC and South PSC is operated by PGN Saka with 100% ownership interest. (tar)

News Comment

Today's Industry

 AICPA and CIMA (the Association)

Jumat, 07 Oktober 2022 - 16:55 WIB

AICPA & CIMA executives urge Indonesian accounting and finance professionals to seize the opportunity presented by the environmental societal and governance agenda

The leaders of the world’s largest body of accountants and finance professionals, AICPA & CIMA, urged the accounting and finance community in Indonesia to take the lead in guiding businesses…

Asahi Kasei Europe GmbH

Kamis, 06 Oktober 2022 - 21:26 WIB

Mercury-free UVC disinfection – Asahi Kasei demonstrates how Crystal IS UVC LED technology can be applied to achieve higher disinfection efficiency in water treat- ment than conventional mercury lamp

Asahi Kasei, a diversified Japanese multinational company, and subsidiary Crystal IS have concluded in a bacterial perfor- mance test, an experimental Klaran™ WR water treatment reactor demonstrated…

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 06 Oktober 2022 - 20:00 WIB

HOKI Targets to Open 80 WarungKoki Outlets by the End of this Year

PT Buyung Poetra Sembada Tbk (“HOKI”), an issuer of quality rice producers under the “Topi Koki” and “HOKI” brands, targets the growth of WarungKoki outlets by 80 outlets by the…

(Photo: © 2022 KRAIBURG TPE)

Kamis, 06 Oktober 2022 - 18:12 WIB

TPEs shine in lipstick packaging

KRAIBURG TPE, a global TPE manufacturer of thermoplastic elastomer products and custom-engineered materials solutions, offer the THERMOLAST® K FC/LF and FC/AD/PP series of compounds for lipstick…

Deputy Minister of Culture, Sports and Tourism, Mr. Doan Van Viet

Kamis, 06 Oktober 2022 - 17:30 WIB

Deputy Minister Outlines Viet Nam’s Tourism Priorities

Ahead of the Mekong Tourism Forum in Quang Nam, Central Viet Nam, 12-13 October, Mr Doan Van Viet, Viet Nam’s Deputy Minister of Culture, Sports and Tourism, outlines the vision and latest…