Government Encourages Saka Energi to Accelerate Exploration of Wangkah Pangkah Block

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.