PHE Finds 1.8 TCF Natural Gas Resources In Central Sulawesi

Natural gas (intermediate)

JAKARTA - In the last seven years, PT Pertamina Hulu Energi (PHE) recorded natural gas inplace resources of more than 1.8 trillion cubic feet (TCF) or almost 320 million barrels of oil (MMBOE) from exploration discoveries in the Central Sulawesi region.

The exploration findings stem from the discovery of gas in Wolai-East Wolai, Morea, and most recently from Tedong's structure which was drilled in 2024.

President Director of PT Pertamina Hulu Energi, Chalid Said Salim said, the discovery of this resource is proof of Pertamina's commitment to increasing reserves and efforts to meet natural gas needs in line with economic growth and supporting efforts to achieve national production targets where gas is a source of environmentally friendly transitional energy.

"Pertamina has also intensively implemented efforts to find resources in Eastern Indonesia, such as seismic surveys, joint studies, exploration drilling," he said in a statement to the media, Friday, December 20.

Chalid added, through the hard work of exploration, this state-owned energy company managed to find significant new natural gas resources and was successfully validated by the end of 2024 from the Tedong-001 Structure of 875.47 billion cubic feet of gas (BCFG) or the equivalent of 151.13 million barrels of oil equivalent (MMBOE) accumulated in rock (inplace).

"The success of PHE in finding oil and gas resources cannot be separated from the support from the Ministry of Energy and Mineral Resources and SKK Migas. With this exploration drilling, PHE is also trying to maintain the sustainability of domestic energy," continued Chalid.

He ensured that PHE will continue to invest in upstream oil and gas operations and business management in accordance with Environmental, Social, and Governance (ESG) principles. PHE is also always committed to Zero Tolerance on Bribery by ensuring that the prevention of fraud is carried out and ensuring that the company is clean from bribery. One of them is by implementing the Anti-Bribery Management System (SMAP) which has been standardized ISO 37001:2016.

PHE continues to develop prudent and excellent operation management at home and abroad professionally to realize the achievement of becoming a world-class oil and gas company that is Environmental Friendly, Social Responsible and Good Governance.