PT Pertamina Hulu Energi, a subsidiary of PT Pertamina (Persero) in the upstream sector, recorded gas production of 777 million cubic feet per day (MMSCFD) during January-March 2018, up 2% over the same period of 2017 of 765 MMSCFD.
"In 2018, PHE set a production target for March of 767.8 MMSCFD, realization of 1.2% higher," said Director of PHE R. Gunung Sardjono Hadi in Jakarta.
PHE oil production in the first three months of 2018 was 63.037 barrels oil per day (BOPD), not much different from the same period of 2017 of 62,623 BOPD.
"PHE in 2018 targeted oil production in March at 65,243 BOPD, so production in March 2018 was 96.6% of the target," Gunung said.
According to Gunung, PHE will accelerate the monetization of PHE reserves by implementing a backup source clustering strategy. This strategy can be used in the Work Area which has gas reserves not too large, but can be monetized immediately. With PHE clustering no longer thinks just waiting for gas buyers, but innovates how to create a market. The reason, although having large reserves will be useless if there is no gas absorber.
"So it does not depend on the market, but it creates the market. That's what we're after now. The concept of gas monetization is clustered. So we also have to think how to get into the midstream, "he said.
He cited the development of gas in Senoro. Senoro gas will never be monetized if the facility does not build the refinery and regasification DSLNG in cooperation with several companies. PHE will also be more open to cooperate with other companies.
"Like Senoro if there is no DSLNG it will not be developed. That's one example for another development. We try to find, create new markets. So we do not sit sweetly waiting to come buyers, "he said.
Meanwhile, Director of Operations and Production of PHE Ekariza added that PHE gas production realization depends on absorption in the market. If the absorption of large markets, then PHE can increase gas production. In addition to the Tomori Block, PHE gas production contribution comes from the Offshore North West Java (ONWJ) block, Jambi Merang and West Madura Offshore (WMO).
"First quarter gas production is higher because there is an increase in absorption. The largest production contribution comes from Tomori, "he said.
Tuban Block
Meanwhile, PHE is also targeting production in Tuban block for oil of 8.11 MBOPD and gas production of 11.11 MMSCFD. Meanwhile, for Ogan Komering, PHE targets gross production for oil of 1.95 MBOPD and gas production of 8.21 MMSCFD.
The target of the production of PHE inigas in the Company's Work Plan and Budget (RKAP) 2018 has also included the production of four terminated block of contracts to be managed by PHE. The four blocks are Tuban, Ogan Komering, Offshore South East Sumatra (OSES) and North Sumatra Offshore (NSO). Two of the four blocks, Tuban and Ogan Komering, the production sharing contract (PSC) have been signed on April 20, 2018 and are effective as of May 20, 2018.
However, for the Sukowati unitization field previously managed by Joint Operation Body (JOB) of Pertamina-PetroChina East Java from 20 May 2018 submitted to PT Pertamina EP Another block, Ogan Komering, the contract has also been signed on 20 April 2018 and effective on 20 May 2018. For undepreciated balance of Tuban and Ogan Komering block has been submitted by PHE to the Special Unit for Upstream Oil and Gas Business Unit (SKK Migas) and is currently awaiting verification and approval.
(CNOOC)
Until the end of 2017, JOB PPEJ oil production gross reach 10.5 MBOPD and gas production of 14.2 MMSCFD. Meanwhile, the production of Ogan Komering gross reached 2.25 MBOPD and gas production of 8.64 MMSCFD. In addition to Tuban and Ogan Komering, starting in October 2018 PHE will also begin to take over the management of OSES which is currently managed by China National Offshore Oil Corporation (CNOOC) SES Ltd. For NSOs, PHE has now become operator after 2015 acquired 100 percent of ExxonMobil's participation rights.
Investor Daily, Page-9, Friday, May 25, 2018
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