JAKARTA - The government through the Ministry of Energy and Mineral Resources (ESDM) seeks to increase domestic oil production in order to suppress imports and save foreign exchange.
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif revealed that his party will collect Cooperation Contract Contract Contractors (KKKS) to improve maintenance performance, as well as take better predictive steps with the latest methods, as well as prepare preventive measures in oil and gas production.
Arifin said another strategy to increase national oil production was to optimize existing field production, such as encouraging Field Development Optimization (OPL) of Banyu Urip by drilling five carbonate infill wells and two plastic wells, with an estimated additional reserve of 125 Million Barrels of Oil (MMBO).
"Then in (Blok) Rokan we will do massive drilling to be able to increase production, now it has been successfully increased from before the handover is below 160,000 barrels, now we can produce more than 160,000 barrels, and we hope that within 1 to 2 years it will be 200,000 barrels, and in the next 5 years it can be 300,000 barrels," he explained in a press conference quoted on Tuesday, January 31.
As for natural gas production, it is hoped that the Tiung Biru Jambaran Field in East Java, which began production in the fourth quarter of 2022, can be more optimal this year.
Resilient Train 3 is also expected to be produced by the end of the first semester of this year.
"This 3, if it is already produced, it can produce 3.5 million tons per year," he added.
To support the strategy of increasing national oil and gas production, Arifin said that not only in terms of technical matters, but also attractive and competitive regulatory support for oil and gas investors is needed.
"This year, starting with a program to draft a new Oil and Gas Law to be able to support national oil and gas production," he concluded.
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