Illustration of the First Shipment Ceremony to the FPSO
The success of ExxonMobil Cepu Limited (EMCL), the operator of the Cepu Block, produced the first oil from drilling infill clastic wells in 2024 amounting to 13,300 Barrels of Oil Per Day (BOPD) and is a special gift for the 79th independence of the Republic of Indonesia this year.
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This success is according to the Minister of Energy and Resources Minerals (ESDM) Arifin Tasrif raised optimism that oil and gas potential in Indonesia could still be relied on.
Arifin Tasrif said "This is the second time I have stood on this stage. First, last March when we started drilling activities. There were six programs drilling here and at that time we said that we hoped it could be produced, it could bear fruit this year. Then President of ExxonMobil Indonesia Carole Gall said that at the end of August, I asked the Head of SKK Migas Dwi Setjipto and Carole Gall to coordinate to be able to complete it before Independent Day August-17, 2024,".
Arifin Tasrif also expressed his appreciation for this success.
"Congratulations. This first well can produce 13,300 barrels of oil per day and is ready to flow to FPSO at Tuban Harbor. We hope that in the future other oil wells will also be able to make a significant contribution while also having a big impact can encourage oil and gas business people in Indonesia that there is still potential to increase our oil and gas production, because currently in the sector
"Indonesia has an oil deficit," said Arifin Tasrif.
The government together with SKK Migas continue to strive to increase production according to the target of 1 million Barrels of Oil Per Day so that the petroleum deficit can be reduced.
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The Minister of Energy and Mineral Resources asked for efforts to improve not only existing fields, but also new seismic activities and new exploration opportunities accelerate the detection of new oil wells. Indonesia still has a lot of oil potential. Like in the Cepu Block which is already producing today 630 million barrels and has the potential to produce 1 billion new.
Arifin Tasrif also said "Exploration must be accelerated immediately so that there is immediate certainty. The Indonesian government provides support to ExxonMobil to carry out new seismic and exploration activities in other areas,"
Regarding achieving targets in the gas sector, Arifin is optimistic that this can be achieved with the discovery of large gas reserves which are currently being pushed forward immediately produced. Moreover, oil production is a challenge in the upstream oil and gas industry.
Head of SKK Migas Dwi Soetjipto on the same occasion said that SKK Migas pays great attention to efforts to maintain production of the Banyu Urip Oil Field to remain optimal, considering that Banyu Urip is the second largest contributor with its contribution reaching around 25% of national oil and gas production.
Dwi Soetjipto said that Banyu Urip Field production had exceeded what was targeted in the plan of development (POD).
" Thanks to the various efforts, and innovations carried out by SKK Migas, and ExxonMobil Cepu Limited (EMCL) in maintaining field performance, namely improving production while still paying attention to the capacity and carrying capacity of the existing reservoir," he said.
After the success of drilling the first well, it is hoped that in the 4th quarter of 2024 it is hoped that the second well will be drilled onstream and provide additional production of up to 9,300 BOPD.
Investment for the seven wells drilled reached USD 203.5 million or equivalent to IDR 3.25 trillion (exchange rate IDR 16,000 per USD), and is estimated to provide additional state revenue of USD 2 billion or around IDR 32 trillion, which is expected to provide additional oil amounting to 42.92 MMSTB.
These efforts can bridge Indonesia's potential in achieving the target of 1 MMBOPD and 12 BSCFD this decade. We continue to explore these potentials, "of course in-order-to achieve long-term goals for energy independence," said Dwi Setjipto.
ExxonMobil Indonesia President Carole Gall said "ExxonMobil is committed to meeting Indonesia's energy needs safely, reliably and efficiently. We are proud of the encouraging results from the Banyu Urip Infill Clastic (BUIC) drilling program and we thank the Ministry of Energy and Mineral Resources and SKK Oil and Gas for their extraordinary leadership and collaboration," said Carole Gall.
BUIC's drilling activities use platforms and equipment which are all made in Indonesia, and operated by PT Pertamina Drilling Services Indonesia (PDSI) which is a subsidiary of PT Pertamina (Persero).
This drilling shows PDSI's level of competence in the field of oil drilling, and natural gas, as well as support from the upstream oil and gas industry for the growth, and development of national companies as well as the commitment of SKK Migas and KKKS in implementing discipline domestic component level (TKDN) in the upstream oil and gas industry.
This success was marked by the First Shipment Ceremony to the FPSO at Tuban Harbor which was channeled via a 72 km long pipe from the Cepu Block field to the oil refinery in Tuban, East Java Province. BUIC's drilling also involves local contractors, and recruits more local workers. This involvement has added economic value to the communities around the ExxonMobil Cepu Limited (EMCL) operating area.
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