Taking Advantage Of Oil Price Momentum, SKK Migas Gathers KKKS CEO

Illustration. (Photo: Doc. Antara)

JAKARTA - Responding to the momentum of rising oil prices and in order to accelerate the 2022 Cooperation Contract Contractors (KKKS) work program, the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) will hold the 2022 CEO Forum in Jakarta, 16 March which will come.

Head of the Program and Communications Division of SKK Migas A. Rinto Pudyantoro said that there was a very rapid increase in oil price momentum, in connection with global supply concerns due to the current heating world geopolitical situation so that world oil prices had penetrated the 125 US dollar per barrel mark. or the highest record since 2014.

"This momentum must be used properly with all work programs in the 2022 WPnB can be executed, thankfully from the results of the 2022 CEO Forum, there will be KKKS that will increase investment, which means there will be additional work programs in connection with the increasing income stream of KKKS," said Rinto in a statement. official statement, Monday, March 14.

Rinto further added that with a massive work program in 2022, there will be various challenges and obstacles. For example, the availability of rigs and schedule arrangements. Of course, it will pose its own challenges when the planned development of drilling development wells in 2022 is doubled compared to 2021, meaning that a larger number of rigs are needed.

"Looking for rigs is certainly not easy, especially other countries will also boost their oil and gas products so they need rigs. However, by coordinating and synchronizing schedules, including the implementation of joint contracts for the use of rigs by several PSC Contractors. Non-technical matters such as permits, land acquisition and others are clear and clean," explained Rinto.

Through the CEO Forum 2022, he continued, it is hoped that every KKKS that has problems can be submitted, or that has input and best experience can also be submitted so that it becomes a lesson learned for other KKKS.

"As for SKK Migas, through the 2022 CEO Forum, they can identify the bottlenecks and immediately take steps to resolve them," concluded Rinto.

As the world and national economies begin to improve and the COVID-19 outbreak begins to be controlled, it is estimated that demand for oil and gas will continue to rise. KKKS responds to this by targeting a work program for the 2022 WPnB with a more massive program.

This can be seen from the drilling target which is estimated to reach 890 development wells consisting of 790 development wells resulting from WPnB and 100 potential development wells from the filling the gap (FTG) program.

The exploration well program plans to reach 42 wells or higher than 2021, which is 28 wells. The planned 2D seismic survey is 3,539 km long and 3D seismic is 4,339 km long, which is longer than 2021 where the realization of 2D seismic surveys is 2,635 km and 3D seismic is 1,190 km long. The workover program in 2022 reached 581, while the well service was 29,582.