Continue Drilling, PGN Saka Will Explore 1 Well In Kepodang Field

JAKARTA - A subsidiary of PT Perusahaan Gas Negara Tbk (PGN), PGN Saka, continues drilling and completes production in various fields managed throughout 2023.

PGN President Director Saka Avep Disasmita said this year PGN Saka will explore 1 (one) well in Kepodang Field.

Exploration is carried out in order to increase oil and gas reserves. With the 14 inch gas pipeline operated by PT Kalimantan Jawa Gas (KJG), feed can be sustainable for Central Java and its surroundings.

"Hopefully the gas exploration will be successful and we can start production at the Kepodang Field," said Avep, Thursday, July 27.

It is known, PGN Saka in 2022 has also succeeded in completing 2 (two) large production projects, namely West Pangkah Field and Sidayu Field which contributed additional energy.

Throughout 2022, PGN Saka noted that positive production operational performance had a significant impact on the Company's achievement. Production of assets operated by PGN Saka in 2022 exceeds the APBN target charged to PGN Saka, 109 percent each for the Pangkah Block and 101 percent for Blok Muriah.

Not only in the Pangkah Block and Muriah Block, continued Avep, for other block partners who contributed to PGN Saka's achievement, namely the development of the Ketapang Block in Bukit Tua Field phase 2B, drilling in four drilling & completion wells (D&C) in the Fasken Block which has been producing, as well as improving oil and gas commodity prices in 2022.

In addition to rising oil and gas commodity prices and total production, this proud achievement is also supported by operational cost efficiency and financial portfolio management of PGN Saka which refers to the principles of On Time, On Budget, On Scope, On Safely, On Return (OBOOSSOR). PGN Saka also managed to achieve HSSE performance of 1,939,756 working hours without accidents," added Avep.

Avep revealed that most of PGN Saka's production came from the Pangkah field of 28,000 barrels of oil eq.

PGN Saka supplied gas to PLN around 2015 BBTUD, while oil was around 7,0008,000 barrels from Pangkah Field.

"When we keep the upstream scale. In the future, we want to reactivate exploration, because it can add to the energy reserve portfolio. The exploration program is a strategic program for PGN Saka in 2023 for us to look back on its potential, especially those that can be developed in the future. Mainly gas in East Java and adding oil to the Indonesian nation," concluded Avep.