Pertamina Officially Operates WK Ogan Komering Starts May 20, 2018

INDUSTRY.co.id - Jakarta - PT Pertamina (Persero) has officially operated a working area (WK) or has been transferred to WK Ogan Komering on May 20, 2018. This is a follow-up to the signing of PSC contract between the Government and affiliated PT Pertamina (Persero) on 20 April 2018.

WK Ogan Komering previously operated by Pertamina Hulu Energi (PHE) with Partners through Joint Operating Body Pertamina- Jadestone Energy (Ogan Komering) Ltd (JOB PJOK).

WK Ogan Komering has completed its contract period on February 28, 2018 including Tuban WK, but later by the Minister of ESDM was adjudged by the existing operator for WK Ogan Komering for 6 months or until the signing of the new PSC contract.

After this signing, starting on May 20, 2018, WK Ogan Komering with WK Tuban will be operated by PT Pertamina (Persero) through its subsidiary PT Pertamina Hulu Energi (PHE).

Unlike previous contracts that still use Cost Recovery's production sharing contracts, the production sharing contracts for these two regions will use a gross split sharing contract. Previously, the gross split sharing contract had been implemented in WK Offshore North West Java (ONWJ) by PHE.

"The delivery of WK Tuban and Ogan Komering Termination is one of the company's strategic steps in securing the supply of national oil and gas production," said Director of PHE Gunung Sardjono Hadi.

Until the end of 2017, JOB PJOK oil production reached 2.25 thousand barrels per day (gross) and gas production of 8.64 million standard cubic feet per day (gross).

For 2018, WK Ogan Komering has an oil production target of 1.95 thousand barrels per day (gross) and gas production of 8.21 million standard cubic feet per day (gross). To maintain and increase production at WK Ogan Komering, PHE has planned a number of activities such as well services for dead wells, facility improvements, and the commercialization of undeveloped exploration wells.

"To increase reserve activity, PHE Ogan Komering will conduct GGR and 3D Seismic study and drill exploration and infill drilling to fulfill the commitment of the first 3 years and 3 years of the two production sharing contracts," said Gunung.

In addition to WK Tuban and Ogan Komering, PHE will also undertake another termination process in 2018, namely WK Southeast Sumatra (SES) and North Sumatra Offshore (NSO) and North Sumatra Block B (NSB).

"Once officially managed by PHE, we will soon realize a number of programs to maintain and increase productivity in both WK," said Gunung. (ant)