Ministry Of Energy And Mineral Resources: Oil And Gas In Andaman Blocks I, II And III Aceh, The Biggest Potential In The World

JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) stated that the potential for oil and gas in Aceh waters is promising as reserves are discovered, especially in the Andaman Working Area.

Director General of Oil and Gas at the Ministry of Energy and Mineral Resources Tutuka Ariadji said the Andaman Block consists of three working areas, namely Andaman I, managed by Mubadala Petroleum RSC Ltd, Andaman II by Premier Oil Andaman Ltd, and Andaman III by Repsol Andaman BV with their respective potentials. estimated at an average of six trillion cubic feet (TCF). "The Andamans (located) tend to be close to Thailand, join there," he said in a statement quoted in Jakarta, Saturday, July 23. This finding is likely to be the largest discovery in the world. "If we meet again (gas), Blocks (Andaman) I, II and III are the largest in the world. Because they are really big. If we find them later, they will expand to Thailand. also because the direction is there," he added. The Ministry of Energy and Mineral Resources revealed that Premier Oil's drilling has succeeded in finding gas reserves in the Timpan Well, Andaman II Block.

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Drilling carried out in Andaman III also yielded encouraging results.

"Now we are still in the process of drilling into the Rencong (well). We are waiting for this year," said Tutuka. In addition to the Andaman Blocks I, II and III, the oil and gas potential in Aceh is also expected from the Offshore North West Aceh (Meulaboh) Block and the Offshore South West Aceh Block. (Singkil) which is offered through a joint study. Access to the bid documents for the two WKs starts on July 20, 2022 until September 2, 2022. Meanwhile, the deadline for submitting participation documents is September 6, 2022. So the discovery is still quite large," said Tutuka. Although the oil and gas potential in Singkil and Meulaboh is estimated to be quite large, there are challenges that must be faced, namely complex geological conditions. Another oil and gas working area located in Aceh is the Arakundo Block. The block is offered through a regular auction mechanism. Access to Arakundo's bid documents starts from July 20, 2022 to November 15, 2022, with the deadline for submitting participation documents on November 17, 2022.