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
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)
Read Also
The 7th Abu Dhabi Dialogue in Dubai: Commitment to Enhance Migrant…
Pertamina Hulu Rokan expounds on wetland innovations at COP28
Pertamina reaffirms its commitment to net zero emissions by 2060
President Jokowi Inaugurates Tangguh Train 3 Project in Teluk Bintuni…
MMA Offshore Automates Onboarding With Boomi
Today's Industry

Senin, 09 Juni 2025 - 14:22 WIB
Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

Rabu, 21 Mei 2025 - 10:09 WIB
Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration
As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

Rabu, 21 Mei 2025 - 10:06 WIB
Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability
resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

Selasa, 20 Mei 2025 - 12:44 WIB
Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)
In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…
News Comment