PT. Pertamina Hulu Mahakam (PHM) targets to be able to drill 95 development wells and one exploration well to maintain the rate of natural production decline in a number of old fields managed by PHM.
General Manager of Pertamina Hulu Mahakam (PHM) Krisna said that his party was implementing a number of innovations and technological applications to increase the recovery rate of oil and gas wells in the area.
"We continue to try to contain the rate of natural production decline by applying the best engineering practices in production operations, drilling, well intervention or well connection, maintenance or inspection works," he said.
Krishna added that this strategic step was taken to meet the 2022 WP&B target given by SKK Migas with the achievement of natural gas production of 550 MMSCFD, and 19.5 Kbbld of oil.
“PHM plans to drill 95 exploitation development wells and 1 exploration well. We also succeeded in realizing 24 wells in the first quarter of this year. This drilling target is expected to be able to increase the additional annual average production in 2022," said Krishna.
The increase in PHM production is the contribution of the Jumelai, North Sisi, North Nubi Project which is on stream on May 20, 2022. Gas production from the project is estimated to reach 45 MMSCFD and 710 barrels of condensate per day.
Krishna said the enormous production from the Jumelai Field is one of the supports for the current national oil and gas needs, as well as driving upstream oil and gas operations and investment activities.
President Director of PT Pertamina Hulu Indonesia (PHI) Chalid Said Salim said the increase in PHM production was supported by the successful planning and implementation of the installation rejuvenation program carried out from May to June 2022.
"The upgraded installation inspection and rejuvenation program enables the continuous start-up of Sisi Nubi's new wells, thereby contributing significantly to the achievement of gas wellhead flow rates above 550 MMSCFD," he said.
Bisnis Indonesia, Page-4, Tuesday, Nov 8, 2022.
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