Pertamina EP Finds 2 New Oil and Gas Sources, This Is the Oil and Gas Potential

Oil and gas refinery (photo: dock. intermediate)

JAKARTA - PT Pertamina EP (PEP) Regional Java Subholding Upstream succeeded in finding additional hydrocarbon resources from drilling two exploration wells in West Java Province.

The two wells are East Akasia Cinta (EAC)-001 in the PEP Jatibarang Field working area, Indramayu Regency and East Pondok Aren (EPN)-001 Well in the PEP Tambun Fild working area, Bekasi Regency. Through the Production Flow Test (Drill Stem Test/DST) of the EAC-001 well, oil flow rates of 30 BOPD were obtained, gas reached 2.08 MMSCFD and condensate equivalent to 15.05 BCPD.

VP Explorations Pertamina EP, Indra Yuliandri said, Well EAC-001 was drilled on September 4 2023 with the main objective being the conglomeratic sandstone reservoir of the Jatibarang Formation and the limestone reservoir of the Upper Cibulakan Formation which is a proven play or concept that produces hydrocarbons in the Jatibarang and Akasia Prima Fields, Jatibarang Sub-Basin. This drilling reached a final depth of 2520 mMD.

"The rig was declared released from the EAC-001 Well on November 28 2023 with a total of 85 operating days realized and this operational success is also reflected in the implementation of a high HSSE culture with the achievement of 155,016 safe working hours," he said in an official statement, Thursday 14 December.

Similarly in Bekasi Regency, specifically in the PEP Tambun field, he said, drilling of the East Pondok Aren (EPN)-001 exploration well which was drilled on August 18 2023 targeting the Lower Cibul Formation Carbonate reservoir target will succeed in flowing oil and gas in the second DST with an oil rate of 402 BOPD and gas rate reached 1.09 MMSCFD at a depth of 2,590 mMD.

This oil and gas finding is a manifestation of the Company's massive and aggressive implementation of its exploration strategy. The drilling of the EPN-001 well also serves as proof of a new play or concept in the form of a stratigraphic trap in the Lower Cibulakan Formation, Ciputat Sub Basin.

"This drilling is one of the pioneers in proving a different exploration concept to discover and unlock the potential for new oil and gas accumulation in the onshore area of ​​North West Java," continued Indra.

President Director of Pertamina EP, Wisnu Hindadari said that Pertamina EP consistently encourages exploration drilling in its work area to ensure the Reserve to Production Ratio in the Java Region remains well maintained in the coming years.

"EAC-001 and EPN-001 are exploration wells that can strengthen optimism for the search for new resources in areas that are classified as mature so that they can immediately contribute to maintaining the carrying capacity of oil and gas production in the future," added Wisnu.

The discovery of these reserves is also an important part of the government's program in the national energy sector to achieve the gas production target of 12 billion standard cubic feet per day (BSCFD) and oil production of 1 million barrels per day by 2030. During the period from January to the end of November 2023, Pertamina EP contributes to national oil production of 69,624 BOPD, and natural gas of 838.6 MMSCFD.