Bahlil Explains Calculations Of Community Benefits Managing Old Wells

JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia revealed the calculations of profits obtained by people who manage old wells during a working visit to Blora, East Java.

Just so you know, the term old well itself refers to oil wells that were drilled before 1970, have produced, and are currently no longer being worked on by active contractors, according to Minister of Energy and Mineral Resources Regulation Number 1 of 2008 concerning Guidelines for Economic Mining Concession at Old Wells.

The implementation of this scheme is strengthened through the Minister of Energy and Mineral Resources Regulation No. 14 of 2025 concerning Cooperation in Management of the Working Area for Oil and Gas Production Improvement. This regulation opens space for Regional Owned Enterprises (BUMD), Cooperatives, and Micro, Small and Medium Enterprises (MSMEs) to play a role in managing marginal wells while still upholding the principles of safety, sustainability, and good governance.

"The important thing is that people can carry out their activities well, so they don't feel anxious. And they are legal, so that we can protect the environment," Bahlil explained, Thursday, July 17.

Bahlil said that the optimization of old wells is also considered strategic in terms of efficiency, because it utilizes existing infrastructure and reserves.

The government targets the contribution of production from old wells and people's wells to continue to increase gradually, and become an important support in achieving the production target of 1 million barrels of oil per day.

"After I checked, one community well could get three barrels to five barrels," Bahlil explained.

He explained, one barrel is equivalent to 159 liters, so three barrels almost reach 500 liters.

With an ICP price of $70 per barrel and an assumption of a 70 percent share of the proceeds, each barrel generates around $49.

This means that in a day one well can earn around $147 and rounded up to 150 US dollars or the equivalent of more than IDR 2 million.

In addition to contributing to national oil production, there are old well rules and the community also absorbs a lot of workforce.

Thus, the economic turnover of the community regarding the people's wells has a real positive impact.

"One workforce well can be 10 people. So this creates jobs for the community. Then people's incomes have an economic turnover," said Bahlil.

Sebagai informasi, di wilayah kerja Lapangan Cepu terdapat delapan struktur aktif yang dikelola melalui kerja sama antara Pertamina EP selaku KKKS dengan mitra lokal seperti Koperasi Unit Desa (KUD) dan Badan Usaha Milik Daerah (BUMD).

Struktur tersebut antara lain Wonocolo, Dandangilo, Ngrayong, Ledok, Semanggi, Banyubang, Gegunung, dan Gabus.

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For information, in the Cepu Field work area, there are eight active structures managed through cooperation between Pertamina EP as KKKS and local partners such as the Village Unit Cooperative (KUD) and Regional Owned Enterprises (BUMD).

These structures include Wonocolo, Dandangilo, Ngrayong, Ledok, Semanggi, Banyubang, Gegunung, and Gabus.