Onstream Artificial Lift Project, Add Oil Production Up To 2,000 BOPD And Gas 1.2 MMSCFD
JAKARTA - The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) and the Cooperation Contract Contract Contractor (KKKS) Pertamina Hulu Mahakam (PHM) have successfully completed the Artificial Lift Project according to the target.
Head of the SKK Migas Program and Communication Division, Hudi D Suryodipuro, said the project had actually been completed on May 24, 2024, but still needed a series of tests to ensure there were no problems with equipment.
"After completing 6 tests and no more problems were found in the last test which reached 72 hours of testing, SKK Migas and PHM stated that the Artificial Lift project was fully onboard," he told the media, Monday, June 3.
Hudi said that the Artificial Lift Project, when it produces optimally, is planned to produce up to 2,000 BOPDs of oil and 1.2 MMSCFD of gas.
The total investment in the project is 17,553,051 US dollars or equivalent to Rp0.28 trillion (assuming an exchange rate of 1 US$ = Rp15,800).
"This Artificial Lift Project is eagerly awaited, because it produces significant amounts of oil, namely 2,000 BOPD so that it can assist in the efforts of SKK Migas and KKKS to bring the oil production targets that have been set in 2024, which currently have not reached the target," continued Hudi.
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Hudi conveyed that the contribution of the upstream oil and gas project in increasing national oil and gas production was very significant to be able to balance the decline in production in the mature field.
In 2024, SKK Migas targets 15 onstream projects with a total investment of 560 million US dollars or equivalent to Rp8.8 trillion with the potential for additional oil production in 2024, which is expected to reach up to 31,655 BOPD and gas of 268.6 MMSCFD and LPG production of 187.4 metric tons per day (MT/D).
"SKK Migas will maintain the momentum of the onstream success of the Bekapai Artificial Lift project to be a motivation for SKK Migas and KKKS who are currently struggling and working hard to complete other projects that are targeted to be online in 2024," concluded Hudi.