The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) gives appreciation to PT Pertamina EP as the Contractor Cooperation Contract (KKKS). Appreciation was given because PT Pertamina EP dared to raise its performance target when global oil conditions tended to decline.
SKK Migas
SKK Migas Deputy for Operations Julius Wiratno said Pertamina EP in the three years ended was challenged to raise production targets from what had been planned. Challenges answered by PEP with satisfying work results.
"In 2017, 2018, 2019 we provide challenges and full support to those who dare to raise production targets from what is planned. And the results are indeed very satisfying there tends to increase from the previous year, "he said.
Pertamina EP
Based on Pertamina EP's performance records, Pertamina EP's oil production during 2017-2019 showed an increasing trend. For example, in 2017, oil production reached 77,154 barrel oil per day (BOPD), rising to 79,445 BOPD in 2018, and last year it was 82,213 BOPD.
On the other hand, gas production was recorded at 1,018 barrels of oil per day (BOPD) in 2017, an increase compared to 2016 which recorded 989 million standard cubic feet per day (MMSCFD), then 1,017 MMSCFD in 2019, and 959 MMSCFD in 2019 because buyers were unable to buy gas produced by PEP.
An increase also occurred in the development of the number of wells. In 2017 the total PEP development wells reached 58 wells, then rose to 92 wells in 2018. Furthermore, it became 106 wells in 2019. For work, wells recorded 194 in 2017, 175 in 2018, and 215 in 2019, Julius also expects KKKS to try to reduce natural numbers declined naturally by identifying additional development wells and drilled on time and paying attention to work safety.
"We continue to encourage other KKKS to be more aggressive and accelerate the implementation of work programs, especially development wells. The activity of developing development wells at Pertamina EP also showed an increase, "he said.
The Secretary-General of the National Energy Board, Djoko Siswanto, assesses that Pertamina must continue its efforts to increase oil production in its own way in addition to focusing on maintaining production trends.
"I hope that PEP can work on marginal fields by involving incentives from the government. Because, in terms of cost, I see that there is actually something that can be saved so that the profit can be greater, "said Joko.
Radar Gresik, Page-6, Monday, March 9, 2020
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