Investment in the upstream oil and gas sector nationally is targeted to reach US$13 billion in 2017 or a 7% increase from the prognosis by the end of 2016 of US$ 12.015 billion.
Head of Public Relations, Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Taslim Yunus explained that his party is targeting investment entering Indonesia in the upstream oil and gas sector to reach US$13 billion.
 |
| Blogger Agus Purnomo in SKK Migas |
According to Taslim, the biggest investment will come from production activities which are targeted to contribute 75% to the total investment. The presentation is the same as the current one or this year's investment. The first production, then development, administration, and exploration," he said.
The development activity sector will contribute 10% of the investment target, administrative activities will account for 8% and finally, exploration will account for 7%. Taslim explained that in 2017, his party and the cooperation contract contractor (KKKS) had agreed on several work programs in the exploitation work area, namely the drilling of 223 new development wells, lower than the 245 KKKS proposed, and the drilling of 25 exploitation wells, lower than the KKKS proposal of 35 wells. For work over and well maintenance activities, there are 860 wells and 57,512 wells, respectively.
As for the 3D seismic survey activities, it was agreed that 2,795 km2 next year, this figure is higher than the PSC's proposal of 1,747 km2. Taslim said that until November 2016 the realization of investment in the upstream oil and gas sector was still at US$ 10.43 billion. This figure was supported by production activities of US$ 7.814 billion, well development activities of US$ 1.043 billion, administrative activities of US$ 839 million, exploration activities. worth US$732 million.
The low investment realization was due to the number of activities being carried out which were not as planned. In detail, the realization of exploration well drilling was recorded at 43 units from the target of 67 'units'. By the end of 2016 the investment could reach US$12,015 billion,” he said.
SKK Migas noted that oil and gas lifting production has exceeded the target set in the Revised State Budget, Revenue and Expenditure (APBN-P) 2016. In APBN-P, lifting is targeted at 820,000 barrels per day (bopd). for oil and 6,438 MMscfd for gas. The realization of lifting until last month reached 822,000 bopd for oil and 6,643 MMscfd for gas.
Taslim said that one of the significant contributors to the achievement of oil lifting was the Banyu Urip field, Cepu Block. Train B at the Banyu Urip Project has started production at full capacity of 185,000 bopd since January 2016," said Taslim.
Other largest oil lifting productions are the Rokan Block in Riau, Pertamina EP, the Mahakam Block, and the Offshore Nonwest Java (ONWJ) block. Meanwhile, the five biggest contributors to gas are the Mahakam Block, Berau, Pertamina EP, Corridor, and Senoro-Tolili.
The production comes from 67 oil and gas working areas that are already in production. Most of the oil and gas fields in these working areas have been categorized as mature fields with production that continues to decline naturally. The PSC working in this work area carries out three main programs to suppress the rate of natural production decline, namely drilling development wells, Work Over, and Well Service. These activities play a role in reducing the rate of decline in natural products and the old fields.
Meanwhile, to really add significant reserves, the only way is to explore and develop new reserves. For exploration activities, from January to November 2016, the contractor conducted 10 seismic surveys, 11 non-seismic surveys, 36 exploration wells drilling, and 3 exploration well re-entries. From the exploration well drilling carried out, 20 activities have been completed with the results that 7 oil and gas wells were found (discovery), 7 wells were not found (dry), 5 wells indicated the presence of hydrocarbons, and 1 well is still in the evaluation process.
The wells that resulted in the discovery were Blok Bambu Besar (BBS)-4 (Pertamina EP), Tiung-3 (PetroChina International Jabung Ltd.), Meliwis-1 (Santos (Madura Offshore) Pty Ltd), Lumbian-2 (Seleraya Merangin). 2), AAL-4X (Santos Northwest Natuna BV), ABG-3 (Pertamina EP), and Sidayu 4 (Saka Indonesia Pangkah Ltd).
Bisnis Indonesia, Page-9, Saturday, Dec 24, 2016
No comments:
Post a Comment