Pertamina Official Acquisition Two Oil And Gas Working Areas

Oil Refinery (Photo: Doc. Antara)

JAKARTA - PT Pertamina Hulu Energi (PHE) managed to get an auction of the flower area direct offer (WK) and the Mahakam Peri working area.

The announcement of the results of the 2022 Oil and Gas Auction (WK) was officially delivered directly by the Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM), Tutuka Ariadji on Wednesday, February 22.

A total of 3 WK is in demand by investors with a total investment commitment of US$ 14.4 million or Rp. 218.8 billion, of which 2 were won by the PHE consortium, along with partners preceded by the implementation of the Joint Study.

The PHE and POSCO INTERNATIONAL Corporation consortium and WK Peri Mahakam were won by the PHE and Eni Indonesia Limited consortiums.

WK Bunga covers an area of 8,500 km2 in the deep sea off the coast of East Java, while WK Peri Mahakam is located off the coast and mainland East Kalimantan which covers an area of 7,414.43 km2.

Total investment Commitment Pasti tiga tahun pertama masa eksplorasi dari WK Bunga sebesar 4 juta dolar AS yang meliputi kegiatan pendidikan G&G serta pengikuan dan processing data seismik 3D 350 km2.

Meanwhile, the total investment in Commitment must be the first three years of the exploration period of WK Peri Mahakam, amounting to 7.2 million US dollars, which includes G&G studies and acquisition and processing of 3D 150 km2 seismic data as well as drilling 1 exploration well.

The President Director of PHE, Wiko Migantoro, explained that the appointment of WK Bunga and WK Peri Mahakam by the Government to the PHE consortium and partners was an important milestone for Pertamina.

"We express our gratitude for the Government's trust in our competence so that we get the mandate to manage WK Bunga and Peri Mahakam. Management of WK Bunga and WK Peri Mahakam is a form of PHE's commitment to add new resources through domestic exploration, increasing capabilities to continue to grow," said Wiko to the media quoted on Saturday, February 25.

Wiko added that PHE is implementing a strategy to continue to increase domestic resources through the acquisition of domestic exploration assets to open up opportunities for the discovery of big fish in Indonesia and obtain complete reserve benefits through full-lifecycle management which is expected to continue to improve PHE value.

"Management of WK Bunga will increase PHE's capability in managing deepwater assets, while for WK Peri Mahakam is in a location that benefits PHE with the existence of Petroleum Operation which has been established in the East Kalimantan area," continued WIko.

As a contributor to national oil and gas production, he continued, PHE will continue to explore various potentials through the company's main strategy to support upstream oil and gas business sustainability.