Cooperation With SKK Migas, Kuwait-based Oil Exploration Company Finds Oil And Gas Reserves In Natuna

KUFPEC officers. (Photo: Doc. Antara)

JAKARTA - The contract cooperation between the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) and an oil exploration company from Kuwait named KUFPEC has yielded results. SKK Migas received a report from KUFPEC regarding the discovery of new oil and gas reserves off the coast of Natuna, Riau Province.

KUFPEC is an international upstream company engaged in the exploration, development and production of crude oil and natural gas outside Kuwait. KUFPEC is a wholly owned subsidiary of Kuwait Petroleum Corporation. "The discovery of exploration wells by foreign companies from Kuwait shows that Indonesia's oil and gas potential is still attractive to international investors," said SKK Migas Deputy Planning Officer Benny Lubiantara in a statement quoted by Antara, Friday, February 11. Benny hopes that the discovery can further encourage international oil companies to invest in Indonesia. KUFPEC finds the new oil and gas reserves based on the results of the drill steam test conducted at the Anambas-2X exploration well in the Anambas Block, Natuna. The company carried out five layer bladder tests in Lower Cork, Intra-Hard, and Charcoal Formation. The test resulted in a stable combined flow rate of 40 million cubic feet of natural gas (MMscfd) and 1,240 stb/d of condensate. "This finding shows that Indonesia's oil and gas potential is still promising," said Benny.

The results of the well deepening program also reflect the positive side of the well's original purpose and identify potential opportunities for further exploration in the deeper formations. offshore in accordance with the KUFPEC 2040 strategy. The well was drilled at a depth of 288 feet, using a jack-up rig to reach a total depth of 10,509 feet. protect the environment in the implementation of offshore exploration drilling. "The deepening and testing program used in this drilling program is one of the best examples of KUFPEC's determination to maximize the value of existing assets in Indonesia," said Shaikh.