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Showing posts with label Pertamina EP Asset 1. Show all posts
Showing posts with label Pertamina EP Asset 1. Show all posts

Thursday, September 24, 2020

Pertamina Focuses on Increasing Production


PT Pertamina (Persero) through its subsidiary continues to work on completing the work plan that has been launched, in order to increase the company's contribution to the achievement of national oil production.

In 2019, Pertamina's upstream contribution is around 41% of total national production, while this year it is targeted to increase to 49%. Furthermore, in 2021 Pertamina's contribution is expected to reach 60%, especially with the company's entry into the Rokan Block.

the Rokan Block

President Director of PT Pertamina EP Eko Agus Sardjono said that in facing the remainder of the 2020 period, the Pertamina subsidiary will focus on optimizing domestic gas absorption which is expected to be able to boost gas and condensate production.

"Apart from that, Pertamina EP also focuses on completing work plans for drilling exploration wells, seismic surveys, drilling development wells, workover, and well service so that the performance achievement at the end of the year can be achieved optimally," he said.

As of August 2020, Pertamina EP has realized 58 wells and 5 wells are underway, while the revised 2020 Corporate Budget Work Plan (RKAP) target is 79 wells. Meanwhile, 107 rework activities have been completed and 7 are in progress from the revised RKAP 2020 target of 192 activities. Realization of well maintenance and well intervention 2,103 activities have been completed from the revised 2020 RKAP target of 2,547 activities.

In addition, in August 2020 Pertamina EP has increased production through 4 development wells located in the work area of ​​Pertamina EP Asset 1, Asset 2, Asset 3, and Asset 5. With the additional production in August, overall Pertamina EP development drilling activities The 2020 Work Plan has succeeded in contributing 7,809 barrels of oil per day (bopd) and 5.6 MMscfd of gas to Pertamina EP's overall oil and gas production.

In accordance with the 2020 revised RKAP, until July 2020 Pertamina EP oil production reached 80.3 MBOPD or 99.6% of the target, and gas production was 866 MMscfd or 95% of the target. 

    Chief Executive Officer of PT Pertamina Hulu Energi (Subholdingupstream) Budiman Parhusip previously explained that the realization of Pertamina EP, which was still below the target, was caused by obstacles that arose during the Covid-19 pandemic and also low world oil prices. On the other hand, Pertamina will also disburse the US $ 80 million for drilling wells in the Rokan Block during the transition period which will start in August 2021.

President Director of Pertamina Hulu Rokan, RP Yudantoro, explained that during the transition period, the company will begin drilling as many as 44 wells in the Rokan Block. He said Pertamina Hulu Rokan (PHR) together with the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) had determined the coordinates of the entire well being drilled.

Blogger Agus Purnomo in SKK Migas

Currently, his party is preparing a rig for the drilling process. Pertamina Hulu Rokan needs 5 units - 6 units of rigs for drilling in 2021. Later, the rig units will be provided by PT Pertamina Drilling Service Indonesia (PDSI).

"We drilled the US $ 1.5 million for each well — only US $ 2 million," he said.

Next year, it is targeted that as many as 184 wells will be drilled to smooth the transition of the management of the Rokan Block from PT Chevron Pacific Indonesia (CPI) to Pertamina. Yudantoro added that his party continues to strive to accelerate the transfer of exploration and exploitation data from the main fields so that they can immediately prepare for the drilling of 44 wells in the Rokan Block. Pertamina targets to carry out the drilling immediately after the transition from Chevron to PHR on August 9, 2021.

"PHR will ensure that drilling preparations from August to December 2021 can run smoothly, therefore intensive communication will be carried out with CPI so that the data transfer process, information procedures [SOP], and land preparation can run quickly, without significant obstacles," he explained.

In addition, Yudantoro continued, currently, the process is still being carried out, among others, the construction process of replacing a 364 km long trunk line that carries crude oil from the Rokan field to a storage tank in Dumai, which can then be used as a supply for product processing at the Pertamina Dumai Refinery.


PHR, he said, is also preparing for the transition of Chevron workers who will later be empowered at PHR and at Pertamina in accordance with applicable regulations, such as workers in other management transfer blocks that Pertamina has previously handled.

"With the support of all stakeholders, we all hope that the transition in the Rokan Block can go well so that it can maintain oil and gas production to encourage national energy security and independence," he added.

The performance of a number of Pertamina's subsidiaries that were operators in several oil and gas blocks previously received the spotlight because they did not reach the set target. Based on SKK Migas data, as of June 2020, there were four Pertamina subsidiaries that did not reach the ready-made or lifting oil production target. In fact, so far, it is included in the top 15 cooperation contract companies (KKKS) as contributors to the national oil and gas lifting.

SKK Migas also asked Pertamina EP to optimize this year's work plan so that the production target is ready to sell or lifting can be achieved. Acting Head of Program and Communication Division of SKK Migas Susana Kurniasih said that the optimization of Pertamina EP's work plan must be realized because the contribution of this optimization will greatly affect the achievement of the lifting target.

"We hope that Pertamina EP can realize all the programs planned in the remaining 2020," he said.

Trisakti University teaching staff, Pri Agung Rakhmanto, assessed that Pertamina EP's performance results have an important influence and role in the national lifting performance. This is because Pertamina EP's overall production is around 82,000 bpd. He considered that the weakening of oil prices and the Covid-19 pandemic affected the capability investment of a number of oil and gas companies and must implement efficiency so that currently optimization is very necessary.

"It is quite important, Pertamina EP's overall production is around 10% -12% of the total national lifting," he explained.

Bisnis Indonesia, Page-21, Wednesday, Sept 23, 2020

Wednesday, March 18, 2020

Worker Innovations Generate Pertamina EP Efficiency

PT Pertamina EP recorded value creation consisting of efficiency (cost-saving) and additional revenue from the creativity and innovation of company workers over the past three years totaling the US $ 566 million or equivalent to Rp 7.8 trillion (average exchange rate of Rp13,925 per US dollar on last three years) of the target of US $ 87.5 million.

Of the 1,602 innovations produced by Pertamina EP (PEP) workers in the 2017-2019 period, 98 innovations have been replicated, even five of which were patented at the Directorate General of Intellectual Property at the Ministry of Law and Human Rights. 

    Five innovations of PEP workers who have obtained patents in the Ministry of Law and Human Rights are PEP Asset 3 Jatibarang Field PC Prove Work Over Well Services (WOWS) in Indramayu, West Java in the form of Tubing Test Plug, PC Prove is just like that of PEP Asset 1 Jambi Field in Jambi in the form of an electronic data recording buffer to measure underwater well pressure, and IP Centribike from PEP Asset 5 Sangasanga Field in Kutai Kartanegara, East Kalimantan in the form of portable oil well water content analysis tools.

Then RT Prove SPE from PEP Asset 4 Tanjung Field in Tabalong Regency, South Kalimantan took the form of a pressure gauge at oil well and Prove Super Cyclone PC from PEP Asset 5 Tarakan Field in Tarakan City, North Kalimantan in the form of a sand separator in the oil production well. 

    Thanks to the innovation support of these workers, the production of a subsidiary of PT Pertamina Persero as well as a cooperation contract contractor (KKKS) under the supervision of SKK Migas in the last three years has also increased.

In 2017 oil production was 77,154 barrels per day (BOPD), rising to 79,445 BOPD in 2018, and last year to 82,213 BOPD. While gas production was 1,018 BOPD in 2017, an increase compared to 2016 which recorded 989 million standard cubic feet per day (MMSCFD), then 1,017 MMSCFD in 2018, and 959 MMSCFD in 2019.

Tutuka Ariadji, Professor of Petroleum Engineering at the Bandung Institute of Technology, said that the innovation of the patented PEP workers was encouraging news. This will motivate institutions and workers to develop further and wider forms of innovation.

"These tools are part of the surveillance (monitoring) important parameters in oil production. Surveillance is the key to success in reservoir management, "he said.

According to Tutuka, innovation affects the increase in production, increase, and also budget savings.

"Innovation needs to be linked to increased oil and gas production, optimization of field development and digitalization," he said.

Beny Lubiantara, Chair of the Opinion and Study Division of the Indonesian Petroleum Engineering Association, said true innovation is not an option but a necessity. Especially in the era of low oil prices, breakthroughs through innovation are expected to not only make the process more simple and effective but also have an impact on cost efficiency and production optimization.

"Innovation is always triggered by colleagues in the field who run production operations every day and encounter problems in the field. Many problems are challenging and encourage simple innovations that fit the needs in the field or fit for purpose, "he said.

Beny said all PEP workers' innovations are useful to reduce costs, speed up data acquisition, and reduce wellness problems.

"RT Prove SPE and PC Prove Super Cyclone are indeed relative impacts are directly related to the optimization of production," he said.

According to him, even the simplest innovation works need to be patented. This is common in international upstream oil and gas industry practices. Innovations such as the five patents supported by PEP management will increasingly trigger the enthusiasm of colleagues in the field to think and find new ideas and innovations to anticipate challenges faced in the field which are increasingly complex.

"Workers in the upstream industry must be creative, many simple things can be improved in the field, IATMI strongly encourages innovations like this, one innovation will encourage new innovations again. The oil and gas industry is very dynamic, innovation is a must ! "he said.

Pri Agung Rakhmanto, the founder of the ReforMiner Institute, added that efficiency and innovation are a continuous process. This is very good and positive to increase production.

"However, this needs to be accompanied by efficiency and standardization in the procurement system," he said.

Investor Daily, Page-9, Tuesday, March 17, 2020

Thursday, March 5, 2020

Pertamina EP Drilled Nine Wells

PT Pertamina EP succeeded in completing the drilling of nine development wells and has even contributed to oil production in January 2020. Pertamina EP President Director Nanang Abdul Manaf said the nine wells came from four Pertamina EP assets.

PT Pertamina EP

"Each of the wells from asset-1, asset-2, and asset-3 as well as six wells from asset 5. Some of the wells drilled at the end of December 2019 were already producing in January, he explained.

The asset-1 well, the Bentayan-Ramba Well, contributes to oil production of 20 barrels per day (BPD). Then well-pavilion-Pendopo from asset-2 with a production of 50 BPD, and one oil and gas well from asset-3, namely Cemara Timur Cemara-Jatibarang with oil production 728 BPD and gas 5 million standard cubic feet per day (mmscfd). 

    Pertamina EP also completed drilling of six wells on asset 5. The six wells are Sangatta Well with 530 BPD production, Bunyu Well (B-203) with 457 BPD production and Bunyu Well (B-204) of 207 BPD.

"Two dives of the Tanjung Una-Sangasanga Well with a production of 308 BPD and the Louise Well of 577 BPD," said Nanang.

As of January 2020, Pertamina EP oil production reached 80,925 BPD and 965 mmscfd gas. KONTAN Note, Pertamina EP projects oil production of 85,000 bopd and 932 million mmscfd of gas this year.

Kontan, Page-14, Monday, March 2, 2020

Friday, January 24, 2020

Pertamina Is Expected to Increase Lifting This Year

The Executive Director of the Center for Energy Policy, M. Kholid Syeirazi, said that in 2020 Pertamina was expected to be able to increase lifting, considering that the BUMN's performance in 2019 succeeded in exceeding the oil lifting target.

"I appreciate the achievement of Pertamina's achievement which exceeded last year's lifting target. For this reason, in 2020 I hope Pertamina can be more aggressive and dare to take risks to explore new areas, "he said as quoted by Antara.

Towards the end of 2019, Pertamina's oil lifting through Pertamina EP reached 29,939,653 BBL and Gas 272,954 MMSCF. Specifically for Pertamina EP Asset 3, it succeeded in producing 13,092 BOPD, equivalent to 100.6 percent of the WP&B target, while gas production reached 262 MMSCFD.

Based on that, Kholid believes that in 2020 Pertamina can increase lifting even more, but to achieve that, the company must be more daring to explore in new field areas.

Kholid added that the achievement could not be separated from the application of technology and human resources (HR) used by the state gas company. However, the use of high technology will impact Pertamina's high production costs. Besides that, the assignment of factors in a number of fields or oil and gas blocks was the trigger for Pertamina's success last year.

the Cepu Block

"This assignment factor has increased the amount of oil and gas production, one of which is the Cepu Block, which has contributed greatly to Pertamina. Not only Pertamina, but the Cepu Block production also contributes to the National oil and gas production, "he said.


Pertamina Diharapkan Tingkatkan Lifting Tahun Ini

Direktur Eksekutif Center for Energy Policy, M. Kholid Syeirazi, mengatakan pada 2020 Pertamina diharapkan bisa lebih meningkatkan lifting mengingat kinerja BUMN tersebut pada 2019 berhasil melampaui target lifting minyak.

“Saya mengapresiasi hasil pencapaian Pertamina yang berhasil melampaui target (lifting) tahun lalu. Untuk itu, tahun 2020 ini saya harap Pertamina bisa lebih agresif dan berani mengambil resiko (taking risk) untuk melakukan eksplorasi di wilayah-wilayah lapangan baru,” katanya seperti dikutip Antara.

Menjelang akhir 2019, lifting minyak Pertamina melalui Pertamina EP mencapai 29.939.653 BBL dan Gas 272.954 MMSCF. Khusus untuk Pertamina EP Asset 3, berhasil memproduksi 13,092 BOPD atau setara dengan 100,6 persen target WP&B, adapun produksi gas mencapai 262 MMSCFD. 

Berdasarkan hal itu, Kholid yakin pada 2020 Pertamina bisa lebih meningkatkan lifting tetapi untuk mencapai itu, perusahaan harus lebih berani melakukan eksplorasi di wilayah-wilayah lapangan baru. 

Kholid menambahkan, pencapaian itu tidak bisa lepas dari penerapan teknologi dan Sumber Daya Manusia (SDM) yang digunakan oleh perusahaan gas negara ini. Namun, penggunaan teknologi tinggi, akan berdampak tingginya cost produksi Pertamina. Selain itu faktor alih tugas sejumlah lapangan atau blok migas, jadi pemicu keberhasilan Pertamina di tahun lalu.

“Faktor alih tugas ini menambah jumlah produksi Migas, salah satunya Blok Cepu yang memberikan kontribusi sangat besar bagi Pertamina. Tidak hanya Pertamina, produksi Blok Cepu ini juga memberikan kontribusi bagi produksi migas Nasional,” katanya.

Investor Daily, Page-9, Monday, Jan 13, 2020

Wednesday, January 22, 2020

PHE Jambi Merang Wins Proper Gold for the fourth time

PT Pertamina Hulu Energi (PHE) through its subsidiary, PHE Jambi Merang won the Gold Award in the Company Performance Rating Program in Environmental Management (Proper) held by the Ministry of Environment and Forestry (KLHK).

The award is a success of PHE synergy with the community and the environment around the Work Area through various excellent programs that produce positive innovation.

Blogger Agus Purnomo in PT. PHE West Madura Offshore (WMO)

Besides PHE Jambi Merang, PHE through PHE West Madura Offshore (WMO); PHE Ogan Komering; PHE-JOB Tomori; and PHE NSO also won the Green PROPER title. The award was given by Vice President KH Ma'ruf Amin and KLHK Minister Siti Nurbaya Bakar in the PROPER award event at the Vice President's Palace in Jakarta.

Meidawati, President Director of PHE, said that the PROPER award achieved proves PHE's performance by continuing to apply aspects of the green industry that adhere to regulations and the environment.

"In the future PHE will continue to improve its safety performance, and be able to implement work activities in line with the Triple Bottom Line (Profit, People & Planet) in order to create a work environment that supports sustainable development through the PHE community empowerment program," Meidawati said.

Jambi Merang PHE was officially managed 100% by PHE on February 10, 2019. Jambi Merang PHE has two operating fields namely Kenawang River and Pulau Gading which are located in Bayung Lencir District, Musi Banyuasin Regency, South Sumatra. The first production in the Jambi Merang Block began in April 2011. Throughout 2019, Jambi Merang's production, including Gelam unitization was 85.42 cubic feet per day (MMSCFD) and condensate 4,468 barrels of oil per day (BOPD).

PHE Jambi Merang is committed to supporting an increase in national production. In 2014 the Jambi Merang PHE reached peak production at 129 BBUTD for gas and 6,100 BOPD. Want to repeat the achievements of the PROPER Gold achieved successively from 2016 to 2018, in 2019 PHE Jambi Merang focused on floating IPAL activities, Clean Water ATMs, SAD Filter Swing, Bara Biri, Express Compost, and Smart Watches.

Tribal Child Development In the fields of education, economy and environment also becomes the focus of Jambi Merang's PHE concern for the surrounding environment. In 2019 a number of achievements in the development of the Suku Anak Dalam have been achieved including 16 Family Heads (KK) who have understood the concept of cutting off activities, the development of the SAD Website, four lebung for fish pasture and water availability, participation of Jambi Merang PHE workers through adoption of trees, as many as eight children have received formal education, as well as responsive education in Forest and Land Fires.

For the Lentera Lestari Lestari Lalan Ecoriparian program, in 2019 managed to record the achievement of 100 students getting the socialization of reducing plastic waste at the Lenoir Bayung Elementary School, 50 people received clean river and ecological education, with an additional income of Rp. 175 million per year and the income obtained by SERSAN is Rp. 25 million per year from the management of Lorama Diorama.


PHE Jambi Merang Raih Proper Emas untuk keempat Kali 

PT Pertamina Hulu Energi (PHE) melalui anak usahanya, PHE Jambi Merang memenangkan Predikat Emas dalam Program Penilaian Peringkat Kinerja Perusahaan dalam Pengelolaan Lingkungan (Proper) yang digelar Kementerian Lingkungan Hidup dan Kehutanan (KLHK). 

Penghargaan tersebut merupakan keberhasilan sinergi PHE dengan masyarakat dan lingkungan sekitar Wilayah Kerja melalui beragam program unggulan yang menghasilkan inovasi positif. 
Selain PHE Jambi Merang, PHE melalui PHE West Madura Offshore (WMO); PHE Ogan Komering; PHE-JOB Tomori; dan PHE NSO juga berhasil mendapatkan predikat PROPER Hijau. Penghargaan diberikan Wakil Presiden KH Ma’ruf Amin dan Menteri KLHK Siti Nurbaya Bakar dalam ajang penghargaan PROPER di Istana Wakil Presiden Jakarta.

Meidawati, Direktur Utama PHE, mengatakan penghargaan PROPER yang diraih membuktikan kinerja PHE dengan terus menerapkan aspek green industry yang taat pada peraturan dan lingkungan.

“Di masa yang akan datang PHE akan terus meningkatkan kinerja amannya, serta mampu menerapkan kegiatan kerja sejalan dengan Triple Bottom Line (Profit, People & Planet) agar tercipta lingkungan kerja yang mendukung pembangunan berkelanjutan melalui program pemberdayaan masyarakat PHE,” ujar Meidawati.

PHE Jambi Merang resmi dikelola 100% oleh PHE pada 10 Februari 2019. PHE Jambi Merang memiliki dua lapangan operasi yakni Sungai Kenawang dan Pulau Gading yang terletak di Kecamatan Bayung Lencir, Kabupaten Musi Banyuasin Sumatera Selatan. Produksi pertama di Blok Jambi Merang dimulai pada April 2011. Sepanjang 2019, produksi Jambi Merang, termasuk unitisasi Gelam sebesar 85,42 kaki kubik per hari (MMSCFD) dan, kondensat 4.468 barrel oil per day (BOPD).

PHE Jambi Merang berkomitmen untuk mendukung peningkatan produksi nasional. Pada 2014 PHE Jambi Merang berhasil mencapai puncak produksi pada 129 BBUTD untuk gas dan 6.100 BOPD. lngin mengulang prestasi PROPER Emas yang diraih berturut-turut sejak 2016 hingga 2018, pada 2019 PHE Jambi Merang memfokuskan pada kegiatan IPAL Apung, ATM Air Bersih, Ayunan Filter SAD, Bara Biri, Kompos Ekspres, dan Jam Cerdas. 

Pengembangan Suku Anak Dalam di bidang pendidikan, ekonomi dan lingkungan pun menjadi fokus kepedulian PHE Jambi Merang terhadap lingkungan sekitar. Pada 2019 sejumlah capaian dalam pengembangan Suku Anak Dalam telah diraih antara lain sebanyak 16 Kepala Keluarga (KK) telah memahami konsep mengenai kegiatan tunda tebang, pengembangan Website SAD, empat lebung untuk kelesterian ikan dan ketersediaan air, partisipasi pekerja PHE Jambi Merang melalui adopsi pohon, sebanyak delapan anak telah memperoleh pendidikan formal, serta pendidikan tanggap Kebakaran Hutan dan Lahan.

Untuk program Ekoriparian Lentera Lestari Lalan, pada 2019 berhasil mencatat capaian berupa 100 siswa mendapatkan sosialisasi pengurangan sampah plastik di Sekolah Dasar Bayung Lenoir, 50 orang mendapatkan edukasi bersih sungai dan ekoriparian, pendapatan tambahan masyarakat sebesar Rp. 175 juta per tahun, dan pendapatan yang diperoleh SERSAN sebesar Rp. 25 juta per tahun dari pengelolaan Diorama Lalan.

Investor Daily, Page-9, Friday, Jan 10, 2020

Increase Production Acceleration, Pertamina EP Aggressive Drilling Well

PT Pertamina EP, a subsidiary of PT Pertamina (Persero), projects oil production this year to reach 85,000 barrels per day (BOPD) and 932 million standard cubic feet of gas per day (MMSCFD). 

    To support the achievement of the targets set, Pertamina EP seeks to carry out the strategy by drilling wells included in the 2020 work plan since the end of 2019.

Pertamina EP President Director Nanang Abdul Manaf said, in the last two years, Pertamina EP oil production continued to rise. In 2019 there were 82,361 BOPD and 2018 amounted to 79,445 BOPD.

For gas production, according to the company's work plan, from 1,017 MMSCFD in 2018 to 959.24 MMSCFD. From the financial side, Pertamina EP targets revenues of the US $ 3.1 billion or Rp 44.64 trillion, assuming the rupiah exchange rate against the US dollar is Rp. 14,400, with a net profit target of US $ 680 million.

Sanga-Sanga Field

Some drilling activities have been carried out in several Pertamina EP fields towards the end of last year, namely in the Rantau Field, Sanga-Sanga Field, Bunyu Field, and Subang Field.

"We also have activities to drill the waterflood well project in Jirak Village and explore the Kusuma Arum (KUM) -001 exploration well, both in South Sumatra," Nanang said in Jakarta.

In Rantau Field, drilling was carried out at KSB A-11 well located in Kualasimpang Barat structure, Aceh Tamiang Regency. Previously, in the same structure, the location of the KSB-59 well (KSB A-10) supported 44 BOPD in the total Overseas Field production in 2019. The KSB A-11 well was one of the programs to accelerate the increase in Overseas Field production.

"The well actually entered into the 2020 Work Plan which accelerated its work by the end of 2019 from a total of 11 drilling wells in Rantau Field this year. With a depth of approximately 1,317 meters, it is expected that the KSB A-11 well can contribute 200 BOPD for Rantau Field production, "explained Chalid Said Salim's Director of Operations and Production who was immediately present to inspect the location.

Still in the Asset 1 region, Jambi Field incised the achievement of increased production with the successful drilling of the SGC-27 oil well in Talang Belido Village, Sungai Gelam District, Jambi City with 280 BOPD results since 16 December 2019.

Following the production of SGC-27, Jambi Field was able to repair SGC-23 wells with crude oil production of 208 BOPD since 28 December 2019. With the addition of production from both wells, Pertamina EP Jambi Field's production increased from 2,792 BOPD in January 2019 became 3,105 BOPD at the end of 2019.

In Sangasanga Field, Kutai Kartanegara Regency, East Kalimantan, Pertamina EP drilled the Louise-1119 (LSE-1119) well at LSE-P1704. The well was drilled by Pertamina Drilling Services Indonesia (PDSI) using a 700 M OW rig. The LSE-1119 well was drilled to the final depth of 1,500 meters.

"This well began to be drilled last Monday (30 / Dec 2019) and is targeted to be completed within 23 days and is predicted to increase 144 BOPD oil production," explained Nanang who was also present in the series of plows at the end of the year at the Asset 5 location. took place at the B-1830B drilling well at Bunyu Field in Bulungan District, North Kalimantan last December 2019.

The B-1803B well was drilled by PDSI using a PDSI rig, N110 M (1500 HP). The target depth of drilling is 3,300 meters deep and the completion time is 60 days. Hydrocarbons from these wells are predicted to contribute to Pertamina EP of 350 BOPD in the form of oil and gas of 1.50 MMSCFD.

Well drilling is also carried out in Subang Field. As a form of commitment to increasing the production of Pertamina EP Asset 3 conducted a JST-A2 well in Kalentambo Village, Pusakagara District, Subang Regency, West Java in the last week of December 2019. The invoice was formalized by Pertamina EP Director of Finance & Business Support Adi Prasetyana.

Through a trowel using the PDSI rig # 31.3 / D1550E, it is expected to increase Pertamina EP Asset 3 oil production by 300 BOPD and gas by 2.4 MMSCFD.

Blogger-: Agus Purnomo at Pertamina EP Sukowati Field

In Asset 4, Pertamina EP through Sukowati Field conducted an i-003 PAD B. well. The well was an injection well and became a priority program for Asset 4 Sukowati Field in 2019.

Blogger-: Agus Purnomo at Pertamina EP Sukowati Field

The injection wells aim to inject water with an underground maintenance process so as to increase production. In the South Sumatra region, Pertamina EP conducted a JRK-P3 well in the Jirak Village, Musi Banyuasin Regency.

According to Pertamina EP Development Director John Hisar Simamora, the JKR-P3 well was originally planned for drilling in 2020 but accelerated in 2019 with hopes of faster hydrocarbons.

"This is according to the instructions of the President who was assigned to Pertamina, that Pertamina must provide resilience to the national oil and gas industry, in addition to reducing imports, by increasing production to reduce imports," he said.

Exploration well drilling activities were also carried out by Pertamina EP at Kusuma Arum (KUM) -001 well. Located in Batanghari Village, Semidang Aji District, Ogan Komering Ulu Regency. This well drilling is projected for 98 days with a target depth of 2,304 meters with a production target of 5 MMSCFD and a resource or reserve target of 59.6 BCFG.

Nanang Abdul Manaf hopes that by accelerating well-drilling activities from 2020 to the end of 2019, this year's Pertamina EP production target can be achieved. Moreover, the company has allocated capital expenditure this year of US $ 784 million and operational expenditure of US $ 1.24 billion.


Tingkatkan Percepatan Produksi, Pertamina EP Agresif Bor Sumur

PT Pertamina EP, anak perusahaan PT Pertamina (Persero), memproyeksikan produksi minyak tahun ini sebesar 85.000 barel per hari (BOPD) dan gas 932 juta standar kaki kubik per hari (MMSCFD). Untuk mendukung pencapaian target yang telah ditetapkan, Pertamina EP berupaya menjalankan strategi dengan melakukan pemboran sumur-sumur yang masuk dalam rencana kerja 2020 sejak akhir 2019.

Presiden Direktur Pertamina EP Nanang Abdul Manaf mengatakan, dalam dua tahun terakhir, produksi minyak Pertamina EP terus naik. Pada 2019 tercatat 82.361 BOPD dan 2018 sebesar 79.445 BOPD. 

Untuk produksi gas, sesuai rencana kerja perusahaan, dari 1.017 MMSCFD pada 2018 menjadi 959,24 MMSCFD. Dari sisi finansial, Pertamina EP menargetkan pendapatan sebesar US$ 3,1 miliar atau Rp 44,64 triliun dengan asumsi kurs rupiah terhadap dolar AS sebesar Rp14.400, dengan target laba bersih US$ 680 juta. 

Beberapa kegiatan pemboran telah dilakukan di beberapa lapangan Pertamina EP menjelang akhir tahun lalu, yaitu di Rantau Field, Sanga-sanga Field, Bunyu Field, dan Subang Field.

“Kami juga ada kegiatan mengebor sumur waterflood project di Desa Jirak dan tajak sumur eksplorasi Kusuma Arum (KUM)-001, keduanya di Sumatra Selatan,” ujar Nanang di Jakarta. 

Di Rantau Field, pemboran dilakukan di sumur KSB A-11 yang berada di struktur Kualasimpang Barat, Kabupaten Aceh Tamiang. Sebelumnya, di struktur yang sama lokasi sumur KSB-59 (KSB A-10) menopang 44 BOPD pada total produksi Rantau Field pada 2019. Sumur KSB A-11 merupakan salah satu program percepatan peningkatan produksi Rantau Field.

“Sumur tersebut sebenarnya masuk ke Rencana Kerja 2020 yang dipercepat pengerjaannya pada akhir 2019 dari total 11 sumur pengeboran di Rantau Field tahun ini. 
Dengan kedalaman kurang lebih 1.317 meter diharapkan sumur KSB A-11 dapat berkontribusi sebesar 200 BOPD untuk produksi Rantau Field,” terang Direktur Operasi dan Produksi Chalid Said Salim yang hadir langsung untuk meninjau lokasi.

Masih dalam wilayah Asset 1, Jambi Field menorehkan prestasi peningkatan produksi dengan keberhasilan pemboran sumur minyak SGC-27 di Desa Talang Belido, Kecamatan Sungai Gelam, Kota Jambi dengan hasil 280 BOPD sejak 16 Desember 2019. 

Menyusul produksi SGC-27, Jambi Field pun berhasil melakukan reparasi sumur SGC-23 dengan produksi crude oil sebesar 208 BOPD sejak 28 Desember 2019. Dengan adanya penambahan produksi dari kedua sumur tersebut, produksi Pertamina EP Jambi Field mengalami peningkatan dari 2.792 BOPD di bulan Januari 2019 menjadi 3.105 BOPD pada akhir tahun 2019. 

Di Sangasanga Field Kabupaten Kutai Kartanegara, Kalimantan Timur, Pertamina EP mengebor sumur Louise-1119 (LSE-1119) di lokasi LSE-P1704. Sumur tersebut dibor oleh Pertamina Drilling Services Indonesia (PDSI) menggunakan rig OW 700 M. Sumur LSE-1119 dibor hingga kedalaman akhir 1.500 meter.

“Sumur ini mulai dibor pada Senin (30/Des 2019) lalu dan ditargetkan selesai dalam waktu 23 hari dan diprediksi menambah produksi minyak 144 BOPD,” terang Nanang yang turut hadir dalam rangkaian tajak di akhir tahun pada lokasi Asset 5. Kegiatan tajak sumur juga berlangsung di sumur pengeboran B-1830B di Bunyu Field di Kabupaten Bulungan, Kalimantan Utara Desember 2019 lalu.

Sumur B-1803B dibor oleh PDSI dengan menggunakan rig PDSI, N110 M (1500 HP). Target kedalaman pengeboran sedalam 3.300 meter dan waktu penyelesaian selama 60 hari. Hidrokarbon dari sumur ini diprediksi memberikan sumbangsih bagi Pertamina EP sebesar 350 BOPD berupa minyak dan gas sebesar 1,50 MMSCFD. 

Pengeboran sumur juga dilaksanakan di Subang Field. Sebagai bentuk komitmen peningkatan produksi Pertamina EP Asset 3 melakukan tajak sumur JST-A2 yang berada di Desa Kalentambo, Kecamatan Pusakanagara, Kabupaten Subang, Jawa Barat di pekan terakhir Desember 2019. Tajak diresmikan oleh Direktur Finance & Business Support Pertamina EP Adi Prasetyana.

Melalui tajak yang menggunakan rig PDSI #31.3/D1550E diharapkan menambah produksi minyak Pertamina EP Asset 3 sebesar 300 BOPD dan gas sebesar 2,4 MMSCFD. 

Di Asset 4, Pertamina EP melalui Sukowati Field melakukan tajak sumur i-003 PAD B. Sumur tersebut merupakan sumur injeksi dan menjadi program prioritas Asset 4 Sukowati Field tahun 2019. 

Sumur injeksi ini bertujuan untuk menginjeksikan air dengan proses maintenance dibawah tanah sehingga dapat meningkatkan produksi. Di kawasan Sumatera Selatan, Pertamina EP melakukan tajak sumur JRK-P3 di Desa Jirak, Kabupaten Musi Banyuasin. 

Menurut Direktur Pengembangan Pertamina EP John Hisar Simamora, sumur JKR-P3 awalnya direncanakan pengeborannya pada 2020 namun di percepat tahun 2019 dengan harapan dapat hidrokarbon lebih cepat.

“Ini sesuai instruksi Bapak Presiden yang ditugaskan ke Pertamina, bahwa Pertamina harus menyediakan ketahanan industri migas nasional, selain kita mengurangi impor, dengan memperbanyak produksi untuk mengurangi impor tersebut,” ujarnya.

Kegiatan pengeboran sumur eksplorasi juga dilakukan Pertamina EP di sumur Kusuma Arum (KUM)-001. Berlokasi di Desa Batanghari, Kecamatan Semidang Aji, Kabupaten Ogan Komering Ulu. Pemboran sumur ini diproyeksikan selama 98 hari dengan target kedalaman 2.304 meter dengan target produksi 5 MMSCFD dan target sumber daya atau cadangan sebesar 59,6 BCFG. 

Nanang Abdul Manaf berharap dengan percepatan kegiatan pengeboran sumur dari 2020 ke akhir 2019, target produksi Pertamina EP tahun ini bisa tercapai. Apalagi perusahaan telah mengalokasikan belanja modal (capital expenditure) tahun ini sebesar US$ 784 juta dan belanja operasi (operational expenditure) sebesar US$ 1,24 miliar.

Investor Daily, Page-9, Thursday, Jan 9, 2020

Thursday, January 16, 2020

Pertamina EP won many Local and Proper Awards

PT Pertamina EP, a subsidiary of PT Pertamina (Persero), proves its commitment to continue to provide positive things to the environment. This is proven by the achievement of several 2019 Local Hero Awards and 2019 Proper Hero Awards held by PT Pertamina (Persero). 

     The award initiated by Pertamina for all operating units and subsidiaries within the Pertamina Group is intended for community empowerment program actors who are considered to have a strong commitment to the program carried out by both the fostered partners and company workers.

Eight awards obtained by Pertamina EP were directly handed over by Pertamina's Directors at the peak of Pertamina's 62nd-anniversary celebration at Pertamina Headquarters, Tuesday (10/12).

Nicke Widyawati

Pertamina President Director Nicke Widyawati said this award was a proof of Pertamina's concern in fostering micro, small and medium entrepreneurs. As a state-owned company, Pertamina is not only aimed at creating profits but also playing an active role in its improvement of Micro, Small and Medium Enterprises (MSMEs).

"These local heroes are directly involved in promoting microeconomic growth. Our presence as business entities throughout Indonesia must be felt by the community around the operational area, "said Nicke.

Achmad Alfian Husein, Acting Director of Pertamina EP's Daily Tasks expressed his gratitude for the appreciation given.

"Hopefully this award can continue to spur our enthusiasm to work and make the best contribution to the country," he said.

This year's Local Hero awards are divided into four categories, namely the self-sufficient category, the healthy category, the green category, and the smart category. In the self-sustaining category, Pertamina EP won the first rank award given to Armisda, Pertamina EP Asset 4 Poleng Field's fostered partner and ranked third for Suhartini, Pertamina EP Asset 2 Fostered Partner Pendopo Field.

Armisda is the initiator of the Mbok Doudo food processing group consisting of former Indonesian Workers (TKI), environmental cadre activists in Aloe vera village, as well as environmental activists in Doudo Village, Panceng sub-district, Gresik Regency, East Java while Suhartini has innovations in the form of herbal drinks a blend of ginger and areca nut.

Furthermore, in the healthy category, Pertamina EP received the first rank award given to Yazid M Nur, fostered Pertamina EP Asset 5 Sangasanga Field and ranked third for Rini Widayati, fostered Pertamina EP Asset 2 Limau Field.

Yazid is the initiator of the Community Based Healthcare System in Samboja District, Kutai Kartanegara Regency, East Kalimantan Province. As prevention of stunting in children and others involving the community to become health cadres up to more than 700 people. Yazid also actively formed health promotion forums with various innovations.

Still, regarding stunting, Rini also innovated using moringa leaves which were previously lacking in public attention to products that could help reduce the number of malnutrition in her environment. In the green category, Pertamina EP was also ranked first for Sardji Sarwan, Pertamina EP Asset 5 Tarakan Field's fostered partner and Syamsul Asinar, Pertamina EP Asset 2 fostered partner Prabumulih Field.

Sardji succeeded in surpassing other local heroes with waste cooking oil processing program into biodiesel and community mobilizers in waste processing in village six, as well as program replication outside Tarakan City. This waste-related program also led Syamsul Asinar to become the second place in the same category. In addition to Local Hero, Pertamina also gave awards

PROPER Hero to Pertamina's people who are dedicated to supporting the company's business and providing benefits to the environment around the work area. Pertamina EP also won in the 2019 Proper Hero Awards event. The first winner of Proper Hero was won by Dedi Zikrian S from Pertamina EP Asset 1, the second winner was Nana Sutrisna from JOB Pertamina - Medco E&P Tomori Sulawesi and the third winner was Arsy Rakhmanissazly from Pertamina EP Asset 1 Rantau Field.


Pertamina EP Raih Banyak Penghargaan Local dan Proper

PT Pertamina EP, anak usaha PT Pertamina (Persero), membuktikan komitmen untuk terus memberikan hal positif terhadap lingkungan. Hal ini dibuktikan dengan diraihnya beberapa penghargaan Local Hero Awards 2019 dan Proper Hero Awards 2019 yang diselenggarakan PT Pertamina (Persero). Penghargaan yang diinisiasi Pertamina untuk seluruh unit operasi dan anak perusahaan di lingkungan Grup Pertamina tersebut ditujukan bagi pelaku program pemberdayaan masyarakat yang dinilai memiliki komitmen kuat terhadap program yang diemban baik oleh mitra binaan maupun pekerja perusahaan.

Delapan penghargaan yang didapatkan oleh Pertamina EP secara langsung diserahkan oleh Direksi Pertamina pada puncak perayaan HUT ke-62 Pertamina di Kantor Pusat Pertamina, Selasa (10/12). 

Direktur Utama Pertamina Nicke Widyawati mengatakan, penghargaan ini menjadi salah satu bukti kepedulian Pertamina dalam membina pengusaha mikro, kecil dan menengah. Sebagai BUMN, Pertamina tidak hanya sebatas bertujuan untuk menciptakan keuntungan semata namun berperan aktif terhadap peningkatan Usaha Mikro, Kecil dan Menengah (UMKM).

“Para local hero inilah yang terlibat langsung dalam meningkatkan pertumbuhan ekonomi mikro. Kehadiran kami sebagai badan usaha di seluruh Indonesia harus dapat dirasakan manfaatnya oleh masyarakat sekitar wilayah operasi,” ujar Nicke.

Achmad Alfian Husein, Pelaksana Tugas Harian Direktur Utama Pertamina EP mengungkapkan rasa syukurnya pada apresiasi yang diberikan.

“Semoga dengan penghargaan ini dapat terus memacu semangat kami untuk berkarya dan memberikan sumbangsih terbaik untuk negeri,” ujar dia.

Penghargaan program Local Hero tahun ini terbagi dalam empat kategori, yaitu kategori berdikari, kategori sehat, kategori hijau, dan kategori cerdas. Pada kategori berdikari, Pertamina EP meraih penghargaan peringkat pertama yang diberikan kepada Armisda, mitra binaan Pertamina EP Asset 4 Poleng Field dan peringkat ketiga untuk Suhartini, mitra binaan Pertamina EP Asset 2 Pendopo Field. 

Pertamina EP Asset 4 Poleng Field

Armisda merupakan inisiator kelompok olahan pangan Mbok Doudo yang terdiri dari ibu-ibu eks Tenaga Kerja Indonesia (TKI), penggerak kader lingkungan kampung aloevera, serta penggerak kader lingkungan Desa Doudo, kecamatan Panceng, Kabupaten Gresik, sedangkan Suhartini memiliki inovasi berupa minuman herbal perpaduan antara jahe dan pinang. 

Selanjutnya kategori sehat, Pertamina EP mendapatkan penghargaan peringkat pertama diberikan kepada Yazid M Nur, binaan Pertamina EP Asset 5 Sangasanga Field dan peringkat tiga untuk Rini Widayati, binaan Pertamina EP Asset 2 Limau Field.

Yazid merupakan inisiator community Based Healthcare System di Kecamatan Samboja, Kabupaten Kutai Kartanegara, Provinsi Kalimantan Timur. Seperti penanggulangan stunting pada anak dan lainnya yang melibatkan masyarakat untuk menjadi kader kesehatan hingga berjumlah lebih dari 700 orang. Yazid juga aktif membentuk forum-forum promosi kesehatan dengan berbagai inovasi. 

Pertamina EP Asset 5 Tarakan Office

Masih seputar stunting, Rini juga berinovasi menggunakan daun kelor yang sebelumnya kurang dilirik masyarakat menjadi produk yang dapat membantu menurunkan angka gizi kurang di lingkungannya. Pada kategori hijau, Pertamina EP juga memperoleh peringkat pertama yang ditujukan kepada Sardji Sarwan, mitra binaan Pertamina EP Asset 5 Tarakan Field dan Syamsul Asinar, mitra binaan Pertamina EP Asset 2 Prabumulih Field. 

Pertamina EP Asset 2 Prabumulih Field

Sardji berhasil mengungguli local hero lainnya dengan program pengolahan minyak jelantah menjadi biodiesel dan penggerak masyarakat dalam pengolahan sampah di kampung enam, serta replikasi program hingga di luar Kota Tarakan. Program terkait sampah ini juga yang mengantarkan Syamsul Asinar menjadi juara dua dalam kategori yang sama. Selain Local Hero, Pertamina juga memberikan penghargaan

Pertamina EP Asset 1 Jambi Field

PROPER Hero kepada insan Pertamina yang dengan penuh dedikasi dengan mendukung bisnis perusahaan dan memberikan manfaat kepada lingkungan sekitar wilayah kerja. Pertamina EP juga berjaya di event Proper Hero Awards 2019. Juara pertama Proper Hero dimenangkan oleh Dedi Zikrian S dari Pertamina EP Asset 1, juara kedua Nana Sutrisna dari JOB Pertamina - Medco E&P Tomori Sulawesi dan Juara ketiga diraih oleh Arsy Rakhmanissazly dari Pertamina EP Asset 1 Rantau Field.

Investor Daily, Page-9, Friday, Dec 13, 2019

Tuesday, January 7, 2020

The Government Asks for Corridor Block Production Not to Decline

Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif urged that oil and gas Corridor Block production be maintained or even increased. This follows that a Corridor Block (2023-2043) production cooperation contract (PSC) has been signed. 

Arifin Tasrif

     Arifin said, after the current contract expired at the Corridor Block was again managed by the existing contractor namely ConocoPhilip (Grissik) Ltd, Talisman Corridor LTd (Repsol), and PT Pertamina Hulu Energi Corridor.


Because the government considers that the existing contractor has good technical and financial skills to continue managing this block. He hopes the existing contractor can make a positive contribution to state revenue and national oil and gas production. 

the Corridor Block

      Especially considering the Corridor Block is one of the largest natural gas producer blocks in Indonesia with gas production of 1,100 million cubic feet per day (million standard cubic feet per day / mmscfd) or 12% of total national production, and oil and condensate 6,600 barrels per day ( bph).

"With the contract extension being signed, so that [the contractor] not only maintains, but also increases the rate of oil and gas production in the Corridor Block, and seeks to discover new oil and gas reserves through exploration activities," he said in Jakarta.

Based on ESDM Ministry data, the new PSC Corridor Block will use a gross split scheme. Regarding the profit sharing (split), for base split and variable split, KKKS received a 48.5% allocation for oil and 53.5% for gas. Furthermore, progressive splits will be adjusted to developments in oil prices and cumulative oil and gas production. 

     Furthermore, the portion of participating interest rights (participating interest / PI) in the Corridor Block will also change after 2023. At present, ConocoPhilips holds a PI of 54%, Repsol 36%, and Pertamina 10%. After the existing PSC ends, ConocoPhilips has a 46% stake, Pertamina 30%, and 24% Repsol.

Repsol Girls

According to Arifin, before the contract was signed, the existing cooperation contract contractor (KKKS) had deposited a signature bonus of US $ 250 million. In addition, the contractor also promised a five-year fixed work commitment (KKP) of US $ 250 million. This number is the second largest since the signing of the contract in Indonesia.

"Hopefully with the signing of the Corridor Block gross split contract, it will hopefully arouse investors' enthusiasm for investment in Indonesia's upstream oil and gas," he said.

Referring to the Ministry of Energy and Mineral Resources data, KKKS has proposed a number of activities that will be carried out using KKP funds. In the first year, the contractor will work on drilling one well in Rowung Lower Palembang-1 worth US $ 2.4 million and 3D seismic acquisition of US $ 23.93 million. In the second year, activities that will be carried out are drilling one well in Suban Lower Palembang-1 US $ 11.6 million and 3D seismic acquisition of US $ 31.53 million.

Following this, activities planned for the third year included the work of Telisa Well with two wells valued at US $ 20 million, 3D seismic acquisition of US $ 25 million, and the development of Suban Far East at US $ 33.04 million. 

     In the fourth year, the contractor will work on Telisa Well one well worth US $ 18.04 million, another prospect of US $ 28.2 million, and 3D seismic acquisition of US $ 20 million. Finally, in the fifth year, the activities that will be carried out are the development of Suban Far East of US $ 8.26 million and other prospects of US $ 28 million.

Although still managed by the existing contractor, the holder of the Corridor Block operator will change. Currently the operator of this block is ConocoPhilips. For three years, after 19 December 2023 to 19 December 2026, ConocoPililip remained the Corridor Block operator. After that, this block will enter the operatorhip transition period, where Pertamina will then switch to the operator. 

     The government did not specify how long this transition period would be. PT Pertamina Hulu Energi Corridor (PHE Corridor) President Director Taufik Aditiyawarman said, based on current data, the Corridor Block has an area of ​​2,095.25 kilometers square (km2) which is mostly located in South Sumatra Province. Pertamina also has four active work areas in the South Sumatra area, namely Pertamina EP Asset 1, Jambi Merang PHE, Ogan Komering PHE, and Raja Tempirai PHE.


Pemerintah Minta Produksi Blok Corridor Tidak Turun

Menteri Energi dan Sumber Daya Mineral (ESDM) Arifin Tasrif mendorong agar produksi migas Blok Corridor bisa dipertahankan atau bahkan dinaikkan. Hal ini menyusul telah ditandatangani kontrak kerja sama atau (production sharing contract/PSC) Blok Corridor untuk 2023-2043. 

     Arifin menuturkan, setelah kontrak yang berlaku saat ini berakhir pada Blok Corridor kembali dikelola oleh kontraktor eksisting yakni ConocoPhilip (Grissik) Ltd, Talisman Corridor LTd (Repsol), dan PT Pertamina Hulu Energi Corridor. 

Pasalnya, pemerintah menilai bahwa kontraktor eksisting memiliki kemampuan teknis dan keuangan yang baik untuk melanjutkan pengelolan blok ini. Pihaknya berharap kontraktor eksisting dapat memberikan kontribusi positif bagi penerimaan negara dan produksi migas nasional. 

     Apalagi mengingat Blok Corridor merupakan salah satu blok produsen gas bumi terbesar di Indonesia dengan produksi gas 1.100 juta kaki kubik per hari (million standard cubic feet per day/ mmscfd) atau 12% dari total produksi nasional, dan minyak dan kondensat 6.600 barel per hari (bph).

“Dengan ditandatanganinya perpanjangan kontrak, agar [kontraktor] tidak hanya mempertahankan, tetapi juga meningkatkan laju produksi migas di Blok Corridor, dan mengupayakan penemuan cadangan migas baru melalui kegiatan eksplorasi,” kata dia di Jakarta.

Berdasarkan data Kementerian ESDM, PSC baru Blok Corridor akan menggunakan skema bagi hasil kotor (gross split). Terkait besaran bagi hasil (split), untuk base split dan variable split, KKKS memperoleh jatah 48,5% untuk minyak dan 53,5% untuk gas. 

     Selanjutnya, progressif split akan disesuaikan dengan perkembangan harga minyak dan kumulatif produksi migas. Selanjutnya, porsi kepemilikan hak partisipasi (participating interest/PI) di Blok Corridor juga akan berubah setelah 2023. Saat ini, ConocoPhilips memegang PI sebesar 54%, Repsol 36%, dan Pertamina 10%. Setelah PSC yang ada berakhir, ConocoPhilips memiliki saham 46%, Pertamina 30%, dan Repsol 24%.

Menurut Arifin, sebelum kontrak diteken, kontraktor kontrak kerja sama (KKKS) eksisting telah menyetorkan bonus tanda tangan sebesar US$ 250 juta. Selain itu, kontraktor juga menjanjikan komitmen kerja pasti (KKP) untuk lima tahun sebesar US$ 250 juta. Jumlah ini merupakan terbesar kedua sejak penandatanganan kontrak di Indonesia.

“Semoga dengan ditandatanganinya kontrak gross split Blok Corridor ini semoga semakin membangkitkan gairah investor untuk investasi di hulu migas Indonesia,” ujar dia. 

Mengacu data Kementerian ESDM, KKKS telah mengajukan sejumlah kegiatan yang akan dikerjakan menggunakan dana KKP. Pada tahun pertama, kontraktor akan menggarap pengeboran satu sumur di Dayung Lower Palembang-1 senilai US$ 2,4 juta dan akuisisi seismik 3D US$ 23,93 juta. Di tahun kedua, kegiatan yang akan dilakukan adalah pengeboran satu sumur di Suban Lower Palembang-1 US$ 11,6 juta dan akuisisi seismik 3D US$ 31,53 juta. 

Berikutanya, kegiatan yang direncanakan di tahun ketiga mencakup pengerjaan Telisa Well sebanyak dua sumur senilai US$ 20 juta, akuisisi seismik 3D US$ 25 juta, dan pengembangan Suban Far East US$ 33,04 juta. Pada tahun keempat, kontraktor akan mengerjakan Telisa Well satu sumur senilai US$ 18,04 juta, prospek lain US$ 28,2 juta, dan akuisisi seismik 3D US$ 20 juta. Terakhir, di tahun kelima, kegiatan yang akan dikerjakan adalah pengembangan Suban Far East US$ 8,26 juta dan prospek lain US$ 28 juta.

Meski tetap dikelola kontraktor eksisting, pemegang operator Blok Corridor akan berubah. Saat ini operator blok ini adalah ConocoPhilips. Selama tiga tahun, setelah 19 Desember 2023 hingga 19 Desember 2026, ConocoPhilip tetap menjadi operator Blok Corridor. 

     Setelah itu, blok ini akan memasuki masa transisi operatorship, di mana kemudian Pertamina akan beralih menjadi operator. Pemerintah tidak menentukan berapa lama masa transisi ini. 

     Direktur Utama PT Pertamina Hulu Energi Corridor (PHE Corridor) Taufik Aditiyawarman mengatakan, berdasarkan data saat ini, Blok Corridor memiliki luas 2.095,25 kilometer persegi (km2) yang sebagian besar berada di Provinsi Sumatera Selatan. Pertamina juga memiliki empat wilayah kerja aktif di area Sumatera Selatan, yaitu Pertamina EP Aset 1, PHE Jambi Merang, PHE Ogan Komering, dan PHE Raja Tempirai. 

Investor Daily, Page-9, Tuesday, Nov 12, 2019