Pertamina Hulu Migas Production Energy 1,046 Million BOEPD In The Third Quarter Of 2024

Illustration (Photo: Doc Antara)

PT Pertamina Hulu Energi (PHE) recorded oil and gas production of 1.04 million barrels of oil equivalent per day (MBOEPD) with details of oil production of 554 thousand barrels of oil per day (MBOPD) and gas production of 2.84 billion standard cubic feet per day (BSCFD) in the third quarter of 2024.

PHE President Director Chalid Said Salim said PHE until the third quarter of 2024 was able to complete drilling work on 13 exploration wells, 585 development wells, 769 workover wells, and 26,928 well services.

"The achievement of performance in the third quarter of 2024 is more brilliant than the same period in 2023, where overall improvements include the realization of exploration well drilling increasing by 38.5 percent, and workingover wells increasing by 21.7 percent," said Chalid, Wednesday, November 6.

PHE also recorded a 2D Seismic survey of 739 km and 3D along 2,322 km2 in the third quarter of 2024.

This achievement increased compared to the realization of the same period the previous year (yoy).

"PHE will continue to seek to explore potential from various aspects for achieving predetermined targets," added Chalid.

From exploration drilling activities carried out by Pertamina's Upstream Subholding, they managed to find big fish oil and gas resources, namely Astrea-1 which is located in the Rokan Hilir area of 40 million barrels of oil equivalent (MMBOE).

Meanwhile, the realization of additional 2C resources or contingent resources until the third quarter of 2024 was 312 million barrels of oil equivalent (MMBOE). This additional 2C resource consists of oil of 128 million barrels of oil (MMBO) and gas of 1,067 billion cubic feet (BSCF) standards.

As of the third quarter of 2024, PHE has found proven oil and gas reserves (P1) of 186 million barrels of oil equivalent (MMBOE). The findings of this P1 reserve consist of oil reserves of 89 million barrels of oil (MMBO) and gas reserves of 560 billion cubic foot standards (BSCF).