Previously Working on US, Pertamina Now Manage the Sanga-Sanga Block
By : Ahmad Fadli Dan Aldo Bella Putra | Friday, August 10 2018 - 04:00 IWST
INDUSTRY.co.id - Jakarta - Pertamina Hulu Sanga-Sanga (PHSS), a subsidiary of PT Pertamina (Persero), officially became the new operator of the Sanga-Sanga Oil and Gas Work Area, which was previously managed by Virginia Indonesia Co. Cooperation Contractor (KKKS). (VICO) from the United States. Submission of WK management is carried out after the VICO operator contract based on WK Sanga-Sanga Production Sharing Contract (PSC) ends on August 7, 2018.
"The handover of WK Sanga-Sanga to PHSS will be followed by the process of resolving rights and obligations, especially related to clean and clear financial agreements, taxes, over under lifting, inventory, and capital assets," said SKK Migas Head Amien Sunaryadi through a press release on Tuesday. (7/8/2018).
Amien said, before the Sanga-Sanga WK ended, VICO had completed all financial commitments ranging from signature bonuses, production bonuses, to the provision of abandonment and site restoration (ASR) funds.
To maintain the operational continuity of WK Sanga-Sanga after 7 August 2018, SKK Migas, PHSS and VICO have finalized the mirroring of procurement contracts in WK Sanga-Sanga.
The Sanga-Sanga Work Area has seven fields, namely Badak, Beras, Lampake, Nilam, Mutiara, Pamaguan and Semberah. Data at the end of July 2018 WK Sanga-Sanga oil and condensate production is 10,753 BOPD and Gas 80.7 MMSCFD.
"The success of the transfer of WK Sanga-Sanga management will prove Pertamina as a world-class oil and gas company. All components of the nation's children should support this goal," Amien said.
The symbolic handover of WK Sanga-Sanga was carried out by SKK Migas Head Amien Sunaryadi to Pertamina Hulu Indonesia's President Director Bambang Manumayoso, witnessed by PHSS Director, Andi Wisnu and VICO Indonesia CEO Tumbur Parlindungan on Tuesday (07/08/2018) in Lapangan Badak, Kalimantan East.