Jakarta,
March 19 (Antara) - Indonesia's average oil and condensate production
up to the first week of March was recorded at 827.200 barrels per day
(bpd), below the target set in the 2013 state budget at 900,000 bpd.
However its average natural gas production up to the same period has
reached 8,196 million metric standard cubic feet (mmscfd), above the
target set in the 2013 state budget at 7,890 mmscfd.
If oil and gas are taken together, Indonesia's average oil and gas
production up to the first week of March has reached 2.29 million
oil-equivalent barrels per day, slightly above the state budget target
at 2.26 million oil-equivalent barrels per day.
The Upstream Oil and Gas Regulatory Task Force (SKK-Migas) has earlier
predicted that the realistic calculation for Indonesia's average oil
production in 2013 should be set at between 830,000 and 850,000 bpd, and
its average gas production at 6,939 mmscfd or 1.24 million
oil-equivalent barrels per day.
Thus, the realistic average oil and gas production for 2013, according
to SKK-Migas should be set at between 2.07 and 2.09 million
oil-equivalent barrels per day.
SKK-Migas's Deputy for Operation Control Muliawan said on Sunday that
the 827,200 bpd production was still below the 2013 state budget target
of 900,000 bpd.
He
said that at present, the production is already at 830,000 bpd and "we
will do our best to continuously increase the country's oil production."
The average production of natural gas up to the first week of March was
recorded at 8,196 mmscfd, or over the 2013 state budget target of 7,890
mmscfd, he said.
Oil
officials said that Indonesia's oil production has been declining on
the past several years. This year, however, Indonesia hopes it would
reach its production target, declaring 2013 as the year of oil drilling.
The SKK Migas said that the year 2013 was a year of drilling to boost the country's oil and gas production.
"This year is a year of drilling," SKK-Migs chief Rudi Rubiandini said recently.
The country has recorded shrinking oil production, which has always
fallen short of target over the past several years amid fast growing
domestic consumption, Rudi Rubiandini said.
The country was once a major member of the Organization of Petroleum
Exporting Countries (OPEC), but now it has become a net importer.
Rudi
said geologists have carried out surveys using high and expensive
technology, "but it is all for nothing if not continued with drilling."
He
asked contractors to prioritize drilling this year saying dwindling
oil reserves could only be offset through drilling to discover new
deposits.
In the meantime, this month, state-owned oil and gas company Pertamina
succeeded in increasing its oil production by 5,400 barrels per day
through its subsidiary PT Pertamina Hulu Energi West Madura Offshore(PHE
WMO).
Through PHE WMO, Pertamina also increased its natural gas production
by five million metric standard cubic feet per day (mmscfd).
Pertamina Spokesman Ali Mundakir said that the additional oil and gas
production came from two PHE WMO's KE-38B1 and KE-38B2 wells.
"The exploration drilling of the two wells were finished on June 22,
2012, and about eight months later on March 13, 2013 they began initial
oil and gas production of 5,400 barrels per day and five mmscfd
respectively," he said.
Well KE-38B1 produces 2,100 barrels of oil per day and gas amounting to
five mmscfd. Well KE-38B2 produces 3,300 oil per day.
The success of PHE WMO in exploiting well KE-38B is another achievement
in its efforts to explore new oil reserves in six wells with a success
ratio of 100 percent.
Ali said the development of KE-38B was part of the company's plan of development (POD) in 2012.
PHE WMO General Manager Imron Asjhari has earlier said that his company
has set a target of producing 20,000 barrels of oil per day in 2013.
Currently, PHE WMO's oil production is still below 20,000 barrels per
day, but in the middle of March its production has risen to 20,000
barrels per day.
The peak of its oil production is expected to reach 25,000 barrels per
day in the last quarter of 2013. So, the target to produce an average
production of 20,000 barrels per day would be achieved.
He said that the target was in line with the company's budget and work program for 2013.
In 2014, PHE WMO is expected to increase its average production to over 30,000 barrels per day.
Meanwhile, SKK-Migas hopes that the West Madura Offshore (WMO) oil
block will achieve an oil production target of 22,000 barrels per day.
SKK-Migas's Deputy for Operation Control Muliawan said that the work
of the operator of WMO, PT Pertamina Hulu Energi WMO (PHE WMO), has
shown a result.
"Its production has begun to increase," he said.
Muliawan said PHE WMO has increased its oil production in the block by
5,400 barrels per day and gas production by five mmscfpd on March 13,
2013.
He said that the production of WMO oil block once dropped to 6,000 barrels per day, or a decline by about 50 percent.
The production declined due the delay in the conclusion of a contract
over the WMO oil block. But the massive activities now being done by PHE
WMO had begun to show a result, he said.
SKK-Migas hoped that PHE WMO would continue to intensify its work to
achieve its production target of 22,000 barrels per day.
"We will accelerate any approvals or other facilities needed in order
that it will be able to achieve its production target at the end of
2013," Muliawan said.
With the declaration of 2013 as a drilling year, the government oil and
gas production target in 2013 is expected to be achieved.
The government in the state budget set itself the target of oil
production at 900,000 bpd, gas at 7,890 mmscfd, oil and gas at 2.26
million oil-equivalent barrels per day, oil and gas receipts at US$31.7
billion and cost recovery at US$15 billion.***3***
(T.A014/ )
(T.A014/A/A. Abdussalam/O. Tamindael) 19-03-2013 11:40:1 |
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