Pertamina Gas Production increases by 21% This Year
KATADATA - Gas production of PT Pertamina (Persero) will increase around 21% this year. This addition is in line with the taking over of the two oil and gas blocks from ExxonMobil Oil Indonesia in Aceh.
Gunung Sardjono Hadi, the President Director of PT Pertamina Hulu Energi said that the taking over of B and NSO (North Sumatera Offshore) Blocks has officially started on October 1st 2015. But then, the additional production would only be counted since the start of the year.
“The additional production is counted per January 1st 2015 till December 2015,” Gunung said in Djakarta Theater, Jakarta, Wednesday (7/10).
The two oil and gas blocks will add 100 million cubic feet per day to the gas production this year, and 1,300 to 1,500 barrels per day (bpd) of condensate production. With these additions, the total of gas production up until the end of the year can reach 570-580 MMSCFD. While the condensate production can reach 65,000 bpd.
Gunung also sees that the two blocks have the potential to be developed even more.
Besides, the blocks can be synchronized with the re-gasification facility of PT Arun Natural Gas Liquefaction (NGL). ExxonMobil was not only letting go of the two blocks, but the multinational oil and gas giant from the United States also sold their assets in Arun NGL to Pertamina.
“Indeed there are several prospects that makes it possible to monetize it or to speed it up. We don’t only see the B and NSO Blocks, but also the Arun refinery that we can make use for re-gasification and mapping of the gas in Arun,” Gunung said.
Right now, his side will still develop the existing oil and gas wells. And so in the preparation of the work plan and budget (WP&B) next year, it is predicted that the amount of production can still be the same with this year’s. However, there is still a potential to increase the production by accelerating the exploration and drilling on the potential wells.
The contracts of the two oil and gas blocks will expire in 2018. And with the current potentials, Pertamina hopes so that the government can extend the contracts, not just for Pertamina, but also for the sake of national energy needs.
And for additional information, B Block is recorded to have oil reserve in the amount of 3,343 million stock tank barrels (MTSB) and gas reserve in the amount of 104 billions of standard cubic feet (BSCF); while NSO Block has oil reserve of 272 MTSB and gas reserve of 92 BSCF.