RI Returns To Global Oil And Gas Maps After North And Screen Gang Findings

Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soetjipto. (Photo: Mery Handayani / VOI)

JAKARTA - Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soetjipto revealed that Indonesia is again included in the global oil and gas upstream industry map.

This was marked by the discovery of two oil and gas fields so that they again stimulated Indonesia's investment climate.

"We managed to return to the global upstream oil and gas industrial map, through 2 major discoveries in the world, namely the North Gang and the Screen. This is the largest discovery in Indonesia since the discovery of the Eternal Field in 2000. We must maximize this momentum by exploring more opportunities and turning them into production that will benefit Indonesian investors and the economy," said Dwi, quoted on Monday, January 5.

Dwi said that the biggest challenge in achieving the current oil production target is that the KKKS is still focused on maintaining the natural decline from the existing field. Meanwhile, to turn reserves into production, it is also hampered by the problem of stalled POD and delayed projects.

"SKK Migas requires the KKKS commitment to implement POD and complete the project on time. As for gas, we also need to overcome challenges in the form of project delays and absorption from buyers," he said.

Just so you know, the North Gang is located in North Ganal Block, East Kalimantan which was discovered by an oil and gas company from Italy, ENI on October 2, 2023.

Dwi explained, to explore one well, it costs at least 100 million US dollars because it is located off the coast.

"For 1 dining well, it costs 100 million US dollars because the offshore and hydrocarbon inplicitation are 5.3 TCF gas and 380 million barrels of oil," he said in a Hearing Meeting with Commission VII DPR RI quoted on Friday, December 1.

Dwi added, based on ENI's development plan, it is targeting to accelerate the development of the North Gang by taking advantage of what has been done in the oil and gas field in Egypt.

"God willing, it will be carried out in 3 years, so the target is 2027 or 2028 already on stream," added Dwi.

Meanwhile, the Screen-1 exploration well was discovered by Mubadala Energi, an oil and gas company from the United Arab Emissions Union and is known to have a potential of 6 trillion cubic feet (TCF).

This field is located in the South Andaman Working Area.

Dwi said that in the well a wide column of gas (column gas) was found with a thickness of more than 230 meters at the Origocene sandstone reservoir.

Acquisition of complete data including wireless, coring, sampling and production tests (DST) has been carried out. Wells successfully flow excellent gas quality with a capacity of 30 mmscf/d.

The discovery of this large gas resources disclosure is in line with the Indonesian government's target to achieve the oil production target of 1 million Barrels per Day (BOEPD) and natural gas of 12 Billion Standard Footed Gas Kubik per Day (BSCFD) in 2030.