, pub-9591068673925608, DIRECT, f08c47fec0942fa0 Seven Upstream Oil and Gas Projects Worth US$ 1.45 B in Operation - MEDIA MONITORING OIL AND GAS -->


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Friday, July 2, 2021

Seven Upstream Oil and Gas Projects Worth US$ 1.45 B in Operation

    The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) stated that as many as seven upstream oil and gas projects from the target of 12 projects this year have been operating (on stream). The investment value of these seven projects reaches US$ 1.45 billion or equivalent to Rp. 21.12 trillion.

    The seven upstream oil and gas projects are the Belato-2 Early Production Facility (EPF) project by PT Seleraya Merangin II, Enhanced Oil Recovery (EOR) for the Jirak Field by PT Pertamina EP, and gas supply to the Balikpapan Refinery by PT Pertamina Hulu Mahakam (PHM).

    Next are the development of the KLD Field by PT Pertamina Hulu Energi Offshore North West Java (ONWJ), the West Pangkah Field by PT Saka Energi Indonesia, the Merakes Field by Eni East Sepinggan, and the North Area Field by Jindi South Jambi Block B.

    The seven projects produce oil production of 9,850 barrels per day (BPD) and gas of 474.5 million standard cubic feet per day/MMscfd. Thus, the successful completion of these seven projects can reduce the rate of natural production decline that occurs.

Blogger Agus Purnomo in SKK Migas

“The activities carried out have successfully completed 58.3% of the target. We are optimistic that all of the upstream oil and gas projects targeted by 2021 can be completed because the other five projects are in process and are still in accordance with the plan," said SKK Migas Deputy Operations Julius Wiratno.

    In the midst of the economic situation that has not yet recovered due to the Covid-19 pandemic, the realization of these upstream oil and gas projects is able to create new jobs and support the movement of the regional economy. 

    In addition, this project also supports national and regional companies to be able to continue to survive and maintain business continuity. For this reason, his party together with the cooperation contract contractors (KKKS) are trying to accelerate the work on the project which is scheduled for 2022.

"Hopefully something can be accelerated this year, so hopefully the number of onstream projects can exceed this year's target and support an increase in production next year," said Julius.

    This has been facilitated by the development of the Integrated Operation Center (IOC) facility. With the IOC, it can improve supervision and facilitate operational flexibility to achieve national oil and gas production targets. This is because the IOC allows SKK Migas to carry out 24-hour real-time surveillance.

    His party also anticipates the movement of people and goods in the midst of tightening mobility policies to prevent the spread of the Covid-19 pandemic. This is to ensure the availability of goods or services to support production operations in the field according to the timetable.

"To maintain the smooth mobility of upstream oil and gas goods and workers, we continue to coordinate with related parties so that production operations continue normally," said Julius.

    Acceleration of the vaccination program must also be carried out in line with government programs.

"So, we hope to keep the confirmed cases of Covid-19 under control in upstream oil and gas. SKK Migas also continuously coordinates with KKKS (cooperation contract contractors) to ensure that the health protocols have been implemented as well as possible so that production stops do not occur due to the increasing number of Covid-19 cases," said Julius.

    In the upstream oil and gas environment itself, the rate of increase in confirmed cases of Covid-19 actually tends to be sloping compared to the end of 2020 to the first quarter of 2021. However, his party still anticipates the potential for an increase in cases due to social interactions during Eid al-Fitr yesterday. 

Jambaran Tiung Biru (JTB) gas Project

    Julius added that this year, one of the upstream oil and gas projects included in the national strategic project (PSN), namely Jambaran Tiung Biru (JTB), is scheduled to start operating. 

    He is optimistic that this target can be achieved. Moreover, the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif and the Head of SKK Migas Dwi Soetjipto have directly reviewed the work on this project.

Investor Daily, Page-10, Thursday, July 1, 2021

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