The Pertamina Group continues to explore new oil reserves. Pertamina Hulu Energi (PHE) through its subsidiary, Pertamina Hulu Energi Offshore Northwest Java (PHE ONWJ), discovered oil reserves from drilling the FK-1 well development.
PHE's Managing Director, Meidawati said that the current corona outbreak was very challenging. However, PHE still makes every effort to work according to the target Work Plan and Budget (RKAP).
FK-1 wells in Indramayu waters in West Java
One of them is drilling FK-1 wells in Indramayu waters in West Java. ONWJ PHE General Manager Cosmas Supriatna explained, drilling activities at ONWJ were still on schedule and the results were positive.
"The initial projection of the drilling was 400 bopd, but the Wells test recorded higher results, which yielded 987 bopd. Of course, we are still waiting for the results of the FK-8 Well drilling which is expected to be completed by the end of April, Meidawati said.
Until the first quarter of 2020, PHE ONWJ oil production reached 29,021 bopd, or 10% higher than the RKAP production target in the previous quarter of 26,395 bopd. This oil production achievement also exceeded the target of the State Budget (APBN) which was set at 28,809 bopd.
For the realization of lifting in the first quarter of 2020, PHE ONWJ successfully exceeded 109.4% of the RKAP and passed the state budget target of 100.2%. Throughout this year, PHE ONWJ is targeting oil and gas production of 41,100 boepd, consisting of oil production of 26,400 bopd and 85 mmscfd of gas.
Kontan, Page-13, Tuesday, April 21, 2020
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