Increase Oil And Gas Production In Indonesia, Pertamina Gelontorkan IDR 35.6 Trillion

Illustration (Photo: Doc. Antara)

PT Pertamina EP (PEP) disbursed 2.376 billion dollars or equivalent to Rp. 35.6 trillion rupiah to increase oil and gas production (oil and gas) and curb production.

Pertamina EP Senior Manager Agus Suprijanto detailed that as much as 29.5 percent of the investment will be used to increase production (oil and gas) and the remaining 70.5 percent will be used to prevent a natural decline in production or decline through well services and upgrading facilities.

"Meanwhile, the rest to maintain the production so that it does not become decline is 70 percent," Agus said during a discussion with the media in Jakarta, quoted on Wednesday, February 15.

Agus added that his party realized that efforts to increase production were not only carried out through improving operating facilities but also with additional investment in new reserve searches, including maintaining wells and so on.

He said, through 9 investment activities carried out by PEP, his party increased the average type of activity by 15 percent, 30 percent to 50 percent in 2023.

"If last year's drilling exploration we only had 6 now this year there are planned 9," explained Agus.

Meanwhile, the drilling of development wells last year, which realized 118 wells, was again increased to 135 wells in 2023.

"Deveopment drilling from then 118 realization, we are targeting to be more aggressive to 135. And so is the treatment workover or wellservice," continued Agus.

He detailed that Pertamina EP carried out drilling for development wells in Region 1 with 67 wells, region 2 with 22 wells, region 3 with 41 wells, region 4 with 5 wells. This number is higher than last year's 118 wells.

In addition, there are 8 types of activities carried out by Pertamina EP in four regions.

Starting from 2D acquisition, 3D acquisition, exploration well, workover, well services, study G&G, study GGR, and FEED.