Will Be Improved, The OSES WK Oil And Gas Installation Will Stop For A Time

JAKARTA - WK Migas OSES, which is a working area for the transfer of management due to the expiration of a cooperation contract between the Government of Indonesia and CNOOC Limited, will be carried out by fire. This is because 57 percent of the installation facilities are over 30 years old.

Director General of Oil and Gas of the Ministry of Energy and Mineral Resources, Tutuka Ariadji, said that the massive turnover required the oil and gas installation to temporarily stop (Planned Shutdown).

"PHE OSES should think more than usual and unusual, so that during the repair process there will be no significant decrease in oil and gas production. Efforts are made so that the Planned Shutdown time is made as short as possible," Tutuka told the media, Monday, August 21.

Tutuka added that the Ministry of Energy and Mineral Resources through the Directorate General of Oil and Gas supports improvements and replacements in oil and gas installations that are damaged or have high risk.

"But what needs to be considered is so that there is no significant decrease in oil and gas production during the repair and replacement," continued Tutuka.

Tutuka added, regarding the development of new natural gas wells, the government also supports and said that there are still many demand in the Cilegon area, making it very possible for natural gas production from PHE OSES to continue to be developed.

"However, it is also necessary to pay attention to the readiness of the Gas Processing Plant, if natural gas production has increased and can flow back to the industry in Cilegon," concluded Tutuka.

Just so you know, PT PHE OSES is the operator in the OSES Working Area starting September 6, 2018 with a Cooperation contract for Gross Split results, with a cumulative production of s.d 31 Des 2022, for oil of 1,484.41 MMBO and Gas of 1,335.35 BCF. The actual oil production (Actual YTD) is 17,511 BOPD and the actual gas production (Actual YTD) is 29 MMSCFD.