Oil And Gas Production In Semester I-2022 Increases To 965 MBOEPD, Pertamina's Boss Says This

Illustration (Photo: Doc. Antara)

JAKARTA - PT Pertamina (Persero) was able to increase oil and gas production by 965,000 barrels of oil equivalent per day (MBOEPD) compared to the same period last year of 850 MBOEPD.

Pertamina's President Director, Nicke Widyawati, said that this achievement was achieved thanks to a number of optimal efforts made by Upstream Subholding officers.

First, increasing drilling and rework activities as an effort to optimize existing wells.

Second, increased activity in production facilities and supporting facilities. Third, the implementation of technology and digital transformation in Pertamina's Upstream Subholding.

One tangible manifestation of the optimal efforts shown by Upstream Subholding is the success of Pertamina Hulu Rokan in implementing the transfer of management of the Rokan Block in the past year.

"PHR is able to go through a transition process, including cultural engagement which includes adjusting business processes, work culture and safety management systems, as well as sharing best practices with other Pertamina entities so that the Rokan Block operations run smoothly," Nicke said to the media, Monday, August 8.

In fact, according to Nicke, with a work area with high complexity and the largest scale in the Southeast Asia (SEA) region, the management of the Rokan Block by PHR is the best model for management transfer.

Within a year of the transfer of management, PHR managed to carry out 370 drilling or more than three times the previous, namely 105 well drilling with the execution of 15,000 work over activities (WO) and well intervention well services (WIWS) which absorbed 60 percent of the domestic component level (TKDN). ) to drive the national economy.

"The massive drilling has automatically increased the number of active drilling rigs more than doubled from the initial 9 to 21 rigs and will continue to increase to 27 rigs until the final quarter of 2022. Likewise with the use of WOWS rigs. , currently it is 32 WOWS rigs and will continue to increase to 52 WOWS rigs in the fourth quarter of this year," he explained.

Nicke explained that the massive and aggressive drilling resulted in an increase in oil and gas production from an average of 158.7 MBOPD before the transfer of management to the current 161 MBOPD.

Reserve volume also increased from 320.1 MMBOE at the beginning of the transition to 370.2 MMBOE after one year of management transfer.

"It is undeniable, although the increase in global oil prices has had a positive impact on Pertamina in the upstream business, on the other hand, this condition has put pressure on the fuel supply business," said Nicke.

Nicke explained that the pressure in the fuel supply business is influenced by many factors, including the growing foreign geopolitical factor and the increasing demand for domestic fuel products even though Pertamina's existing refineries have not been able to meet these needs.

"For this reason, we are trying to maintain intake according to the downstream optimization plan, increase reliability through preventive, predictive maintenance and turnaround programs, as well as refinery development and construction as mandated by the government through the RDMP and GRR projects," he explained.