Oil and Gas Exploration, Pertamina Implement Drilling at 27 Wells

By : Hariyanto And Aldo Bella Putra | Tuesday, May 29 2018 - 18:30 IWST

Migas Ilustrasi
Migas Ilustrasi

INDUSTRY.co.id - Jakarta - PT Pertamina (Persero) continues to conduct oil and gas exploration activities by carrying out 27 well explorations drilling with a resource finding target (2C) of 556 million barrels of oil equivalent (MMBOE).

"Pertamina remains aggressive in developing the upstream sector, including to increase oil and gas reserves and production," said Pertamina Upstream Director Syamsu Alam when breaking the fast with reporters in Jakarta, Monday (28/05/2018) night.

Up to the first Quarter, through three subsidiaries in the upstream sector, PEP, PHE, and PGE, Pertamina has drilled six wells. Finding 2 C at 40 MMBOE from Well Merakes-2 which is a cooperation of PHE and other KKKS.

"Pertamina's upstream performance earlier this year is quite encouraging, our oil and gas reserves continue to increase," he said.

The subsidiary, Pertamina Exploration Production (PEP), continued Syamsu, has completed a 3 km Seismic 2D survey and a 3002 km Seismic 3D Survey. Meanwhile, Pertamina Hulu Energi (PHE) found 2C resources of 40 MMBOE.

Pertamina's oil and gas exploration, according to Syamsu, in 2017 also noted the findings of new oil and gas reserves in the Parang-1 structure, which is part of the Nunukan Block, North Kalimantan, which lies on the border of Indonesia and Malaysia.

The structure has oil and gas production potential of 569 MMBOE, each of 374 MMBO of oil and gas of 1,136 BCF.

"We should be grateful because Parang findings become one of the top 10 findings of oil and gas 2017 in Asia-Pacific," he said.

Currently, the Nunukan block holders in the block consist of 64.5% PHE, the rest of BPRL Ventures Ind BV of 12.5%, and Videocon Indonesia Nunukan Inc at 23%.

News Comment

Today's Industry

Launch of OKINO C100, tiny vape with O-Tape Coil technology. (Photo: OKINO Public Relations)

Kamis, 29 September 2022 - 15:38 WIB

OKINO C100, Tiny Vape With O-Tape Coil Technology

The consumption of e-cigarettes in Indonesia continues to increase. The Indonesian Personal Vaporizer Association (APVI) estimates that there are currently 2.2 million e-cigarette (vape) users.…

EH Free Swinging Hinges

Kamis, 29 September 2022 - 12:00 WIB

Southco Introduces Free-Swinging Hinges in New Materials to Meet Demanding, Heavy-Duty Applications

Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning…

President Jokowi distributes direct cash assistance in South Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 21:50 WIB

President Jokowi Distributes Assistances in South Buton

President Joko “Jokowi” Widodo Tuesday (09/27) distributed direct cash assistance (BLT) for fuel for beneficiaries of Family Hope Program (PKH) at Batauga post office, South Buton regency,…

President Jokowi at the inspection at PT Wika Bitumen, Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 19:00 WIB

President Jokowi Pushes for Revival of Asphalt Producing Industries in Buton

President Joko “Jokowi” Widodo Tuesday (09/27) expressed hope to Buton regency, Southeast Sulawesi province to maximize its potential so it can re-emerge as an asphalt-manufacturing industrial…

KRAIBURG TPE presents THERMOLAST® R

Rabu, 28 September 2022 - 17:00 WIB

KRAIBURG TPE to campaign in Düsseldorf: The focus is on sustainable products and discussion

To ensure that customers of KRAIBURG TPE always achieve the best result, individual materials solutions are developed for many requested applications. The result: Right in time for the 2022…