Lifting oil and gas (oil and gas) this year is targeted to increase to 2.02 million barrels of barrel oil equivalent per day (BOEPD), from the 2018 realization of 1.9 million BOEPD. The addition of production is one of the 13 oil and gas projects planned to start operating this year.
Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soecipto said, oil lifting in 2019 is targeted at 775 thousand barrels per day (BPD), where last year's realization was 778 thousand BPD. While the gas lifting target is set at 1.25 million BOEPD, up from last year's 1.13 million BOEPD.
"So that oil and gas lifting in 2019 is 2.02 million BOEPD, from the 2018 realization of 1.92 million BOEPD," he said at a hearing at the House of Representatives Commission VII (DPR).
2D & 3D Seismic
To achieve this target, his party has compiled a work program that will be carried out in the exploration block and in the exploitation block. According to him, the exploration block is planned to carry out 4,328 kilometers (km) of 2D seismic, 3D seismic area of 4,693 square kilometers (km2), and 57 wells of exploration well drilling.
While in the exploitation block, exploration activities will be carried out in the form of 3,814 km of 2D seismic, 3D seismic area of 1,747 km2, and drilling of wildcat wells or delineation of 40 wells.
"Then there will be workover of 969 wells, 29,256 well service activities, and drilling wells for the development of 345 wells," he explained.
In addition, SKK Migas also plans to have 13 oil and gas projects that will be operational this year. In the first quarter, there were two projects planned to start on stream, the Betara Complex Project with the production of 12 million cubic feet per day (million standard cubic feet per day / MMSCFD) by Petrochina International Jabung Ltd. and Terang Sirasun Batur Phase 2 of 200 MMSCFD by Kangean Energy Indonesia Ltd.
Furthermore, in the second quarter, the project which began operations was Ario Damar-Sriwijaya Phase 2 with production of 20 MMSCFD by PT Tropik Energi Pandan, Temalat gas flow to South Kembang Mountain 10 MMSCFD by PT Medco E & P Indonesia, and Bukit Tua Phase-3 31.5 mmscfd by Petronas Carigali Ketapang II Ltd.
Petronas Carigali Ketapang II Ltd.
In the third quarter, there were eight projects that would start flowing oil and gas. In particular, Kedung Keris Full Well Stream Project with production of 3,800 BPH by Exxon Mobil Cepu Ltd, Buntal-5 45 mmscfd by Medco E & P Natuna Ltd, Bison-Iguana-Gajah Putri 163 MMSCFD by Premiere Oil Natuna Sea BY and Suban Compression 780 MMSCFD by ConocoPhilips (Grissik) Ltd.
ConocoPhilips (Grissik) Ltd.
Next, the project operating in the last quarter of this year was the installation of 15 MMSCFD Betung Compressors by PT Pertamina EP Bayan Gas Production Facilities which produced 15 MMSCFD gas and 250 BPH oil by Manhattan Kalimantan Investment Pte Ltd, YY with production. oil 4,605 BPH and 25.5 MMSCFD by PT Pertamina Hulu Energi Offshore North West Java (ONWJ), as well as Calling 20 MMSCFD by Santos (Madura Offshore) Pty Ltd.
PT Pertamina Hulu Energi Offshore North West Java (ONWJ)
"So the total production estimate is 240 thousand BOEPD, which is 1,300 MMSCFD gas and 8,600 BPH oil. "The estimated total investment value is US $ 702 million," Dwi said.
To achieve this year's lifting target, SKK Migas recorded five of the biggest oil producers, namely Exxon Mobil Cepu Limited 216 thousand BPH, PT Chevron Pacific Indonesia 190 thousand BPD, PT Pertamina EP 85 thousand BPD, PT Pertamina Hulu Mahakam 50 thousand BPH, and PT Pertamina Hulu Energi OSES 32 thousand BPH.
Furthermore, the five largest gas producers are PT Pertamina Hulu Mahakam 196 thousand BOEPD, BP Berau Ltd 188 thousand BOEPD, ConocoPhilips (Grissik) Ltd 145 thousand BOEPD, PT Pertamina EP 145 thousand BOEPD, and Eni Muara Bakau 115 thousand BOEPD.
Press Cost Recovery
"Meanwhile, Dwi added, this year's upstream oil and gas investment is targeted at the US $ 14.79 billion, up from last year's US $ 11.99 billion. Next, the target of state revenue from the upstream oil and gas sector is set at the US $ 17.51 billion, not unlike the realization of 2018 of US $ 17.5 billion.
For cost recovery, this year it is targeted to reach the US $ 10.22 billion. This figure is lower than last year's realization of US $ 11.7 billion. According to Dwi, his party is indeed trying to control this cost recovery amount. According to Dwi, one of the ways to reduce cost recovery is the synergy between the contractors (KKKS).
Investor Daily, Page-9, Friday, Jan 11, 2019
No comments:
Post a Comment