Texcal Energy Mahato Records Production of 7,605 Barrels of Oil per Day

JAKARTA - Texcal Mahato has successfully recorded positive performance by achieving its oil and gas production target in the first quarter of 2024. Since starting production in 2020, Texcal Energy Mahato's production figures have reached 7,605 BOPD and will continue to increase because exploration of new wells continues to be carried out.

Field Superintendent Texcal Mahato, Rizaldy Syafriadi, said that since starting production in 2020 until now the oil and gas field's production figures have continued to increase.

"At the end of 2023, the production figure for Texcal Mahato Peak Production was 7,605 BOPD. Currently we will complete all commitments on the field-1 optimization development project with a total of 15 wells in the first quarter of 2024," said Rizaldi in a statement to the media, Thursday 21 March.

Rizaldi said that currently, actual oil lifting is equivalent to 126 percent of the APBN target. Texcal Energy Mahato is optimistic that oil and gas production figures will continue to increase due to ongoing exploration prospects.

"We hope that there will be new reserves that we can produce," added Rizaldi.

Meanwhile, the Head of SKK Migas Sumbagut Representative, Rikky Rahmat Firdaus, expressed his appreciation to KKKS Texcal Mahato.

In the midst of the hydrometereological disaster that occurred in Riau Province, it has provided positive achievements for the upstream oil and gas industry. He conveyed this during a direct visit to the Petapahan field in Kampar Regency, Riau.

Furthermore, Rikky hopes that drilling performance in the second quarter will also be able to meet the target so that it is ready to increase production.

"In the field, as supervisors, we continue to monitor and encourage KKKS to continue actively drilling to increase national oil and gas production targets, including if there are obstacles encountered in the field, we will work together to resolve them in accordance with technical aspects and applicable regulations," explained Rikky.

For the upstream oil and gas industry, continued Rikky, the achievement of the Texcal Mahato KKKS has strategic significance for efforts to support Sumbagut and national lifting production targets.

Texcal previously received an award from SKK Migas for successfully carrying out the fastest production process since POD in the Mahato Block began in 2012, and was also recorded as the fastest KKKS in the discovery to production phase, where POD 1 was approved in August 2020 and on-stream at the end December 2020. The award was given at the IOG 2021 event as "The Fastest Field Discovery to Onstream.

In the Mahato Block, exploration activities started from 2012 to 2018. Production activities were carried out for the first time at the end of 2020. Furthermore, Texcal Energy Mahato will soon propose OPL activities so that activities in the field remain aggressive to increase production.