JAKARTA - Saka Energi Indonesia (PGN Saka) through PT Saka Ketapang Perdana, which is an oil and gas upstream company and affiliated with PGN Subholding Gas Pertamina, officially obtained a contract extension with the Production Sharing Contract (PSC) scheme for the Ketapang Working Area (WK) located in Java sea along with Petronas Caringgi Ketapang II Ltd. (PCK2L) as the operator.
The Ketapang WK contract will expire in 2028 and be extended again for 20 years.
The signing of the Ketapang PSC extension was immediately carried out by Minister of Energy and Mineral Resources Arifin Tasrif, Head of SKK Migas Dwi Soetjipto, President Director of Petronas Indonesia Yuzaini MD Yusof, and President Director of PGN Saka Medy Kurniawan at the 48th IPA Convention and Exhibition 2024 at ICE BSD, Tuesday 14 May 2024.
"WK Ketapang has good prospects in the future. With the trust in this PSC extension, it will certainly have the potential to increase the company's production and revenue by optimizing its assets," said Medy, Tuesday, May 14.
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Medy said, there are two exploration wells that are certain Work Commitments (KKP) which will later be drilled at the Ketapang WK.
The Ketapang WK extension was officially granted by the Government on December 21, 2023 with the same participation rights as the previous contract of 19.4 percent for PGN Saka.
"We hope that after this, we can drill the exploration wells that have been agreed upon. If successful, it will add resources in that area and then we will develop the well," concluded Medy.
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