Government Encourages Saka Energi to Accelerate Exploration of Wangkah Pangkah Block

By : Hariyanto And Aldo Bella Putra | Sunday, September 09 2018 - 16:30 IWST

Wamen ESDM Arcandra Tahar saat meninjau Onshore Processing Facility (OPF) PT Saka Energi Indonesia di Gresik
Wamen ESDM Arcandra Tahar saat meninjau Onshore Processing Facility (OPF) PT Saka Energi Indonesia di Gresik

INDUSTRY.co.id - Gresik - The government encourages PT Saka Energi Indonesia (Saka) to accelerate the development of oil and gas potential in the Pangkah Block Working Area, in the north sea of ​​East Java, after the discovery of petroleum reserves in the Tambakboyo exploration well, called TKBY-2.

This was stated by Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar, when reviewing the Onshore Processing Facility (OPF) of PT Saka Energi Indonesia in Gresik, East Java, Saturday (8/9/2018).

"We encourage this field to be developed as soon as possible, I have already conveyed the steps so that the Tambakboyo field can be accelerated," said Arcandra.

TKBY-2 well exploration is a strategic project that has the potential to increase national oil and gas reserves. Arcandra requested that Saka Energi coordinate with the Ministry of LHK, the Navy and the Director General of Sea Transportation to minimize obstacles so that the Pangkah Block exploration and development activities could run well.

While from his side, at the Ministry of Energy and Mineral Resources, Arcandra promised to accelerate, especially in terms of the permit process.

"We (ESDM) promised through SKK Migas to help expedite the permit process and others. We are very encouraging and very pleased that this new discovery, which is likely to be quite significant with the discovery of our oil reserves lately," continued Arcandra.

Saka Energi has been an operator in the Pangkah Block since 2014, with a contract period until May 2026. TKBY-2 is the second well that was successfully drilled by Saka in the Tambakboyo structure, Pangkah Block.

Drilled since last July, drilling of this well has reached its final depth at 9,500 feet and oil has been found in several layers. These results, obtained based on the results of analysis of subsurface recording data, through Drill Stem Test -3. Layer Contamination Test is carried out with the aim of getting the results of the invention economically.

For the development of the Pangkah Block, Saka Energi has already invested Rp.2.4 trillion in the development of the Sidayu and West Pangkah fields. From the two fields, it is expected to increase the production of the Pangkah Block to reach 12,500 BOPD of oil and 90 MMSCFD of gas.

President Director of Saka Energi Indonesia, Tumbur Parlindungan, is optimistic that the performance of Saka Energi in the Pangkah Block will increase after the discovery of new reserves in the TKBY-2 well. According to him, if it is indeed proven to be a potential oil resource in TKBY-2, this can increase national oil and gas reserves.

"Drilling activities at the TKBY-2 Exploration Well increase the confidence that significant oil and gas reserves can still be found in Indonesia at this time," said Tumbur.

Saka claims that the current optimization of existing production facilities is in line with the economic level of the Pangkah Working Area.

At present, PT Saka Energi Indonesia manages 11 Working Areas in Indonesia and one Shale Gas block in the United States. Of this amount, PGN's subsidiary manages five working areas as operators with 100 percent ownership rights, namely in Pangkah, South Sesulu Wokam II and Pekawai and West Yamdena.

News Comment

Today's Industry

Lenggang Nyai Dance Enchants at Asian Cup Mascot Launch in Doha

Kamis, 07 Desember 2023 - 20:41 WIB

Lenggang Nyai Dance Enchants at Asian Cup Mascot Launch in Doha

Doha, Qatar - At the Asian Cup mascot launch event in Qatar, the traditional Indonesian dance, Lenggang Nyai from Betawi, stole the show as the only representative from the Southeast Asian region…

The Consulate General of Indonesia in Vancouver Receives the Integrity Zone Award for a Corruption-Free Region (WBK) in 2023

Kamis, 07 Desember 2023 - 20:35 WIB

The Consulate General of Indonesia in Vancouver Receives the Integrity Zone Award for a Corruption-Free Region (WBK) in 2023

Bali, Indonesia - The Consulate General of the Republic of Indonesia in Vancouver has achieved the Integrity Zone (ZI) Towards a Corruption-Free Region (WBK) Award 2023. The award was presented…

Indonesia´s Jamu Wellness Culture Declared as UNESCO Intangible Cultural Heritage

Kamis, 07 Desember 2023 - 20:31 WIB

Indonesia´s Jamu Wellness Culture Declared as UNESCO Intangible Cultural Heritage

Kasane, Botswana - The UNESCO Intangible Cultural Heritage (ICH) Convention Committee has declared Jamu Wellness Culture as a UNESCO Intangible Cultural Heritage on (6/12). Jamu Wellness Culture…

From Cape Town to Nordkapp, Indonesian Explorer Sets Off on Expedition Promoting Indonesia

Kamis, 07 Desember 2023 - 20:29 WIB

From Cape Town to Nordkapp, Indonesian Explorer Sets Off on Expedition Promoting Indonesia

Cape Town, South Africa - Balines globetrotter, Ida Bagus (IB) Ngurah Wijaya has once again set off on an adventure by riding a motorbike from Cape Town to Nordkapp (06/12). On this trip, IB…

The Indonesian Christian Community holds Christmas Commemoration in Brunei

Kamis, 07 Desember 2023 - 20:24 WIB

The Indonesian Christian Community holds Christmas Commemoration in Brunei

Bandar Seri Begawan, Brunei Darussalam - Indonesian Ambassador to Brunei Darussalam, Dr. Achmad Ubaedillah hopes that the commemoration of Christmas Day 2023 can further strengthen the sense…