Pertamina's Java Subholding Upstream Region Notes Oil Production Of 61,533 BOPDs Throughout 2022

Illustration. (Photo: Doc. Antara)

JAKARTA - Regional Java Subholding Upstream Pertamina recorded oil production of 61,325 barrels of oil per day (BOPD) or the equivalent of 118 percent of the targets set in the Company's Work Plan and Budget (RKAP) and oil lifting achievements reached 61,533 BOPD.

Pertamina also reported that gas production reached 387 million standard cubic feet per day (MMSCFD) or the equivalent of 102 percent where gas lifting reached 251 MMSCFD.

Pertamina EP President Director Wisnu Hindari said this achievement was achieved for a number of optimal efforts made by Pertamina's Regional Java Subholding Upstream Officers, including increasing drilling and rework activities as an effort to optimize existing wells. Second, increasing the reliability of production facilities. Third, the implementation of the latest innovation.

"To add to the findings of new resources, the Java Subholding Upstream Region of Pertamina has drilled exploration of 2 wells, namely the GQX-1 exploration well in the working area of PHE ONWJ and BJK-001 in the Pertamina EP area of West Java, which has proven to be able to increase the contingent resources by 114.054 MMBOE," he said in an official statement quoted on Monday, January 23.

He continued, in managing the oil and gas field which has been producing for decades, a strategy is needed to maintain and curb the natural decline rate (decline rate) of oil and gas content in the reservoir.

The Javanese Regional carried out several development well drilling as many as 26, the work over activity of 20 wells and 670 well service maintenance has been completed and contributed additional hydrocarbons.

"This year, we have announced an oil production target of 63,244 BOPD and gas production of 369.87 MMSCFD. Several strategic steps have been drawn up, including by accelerating recovery efforts through 3D seismic surveys along 80 KM2," concluded Vishnu.