JAKARTA – Sunday (20/5) done over management to Work Area (WK) Ogan Komering to Pertamina. This is a follow-up to the signing of the contract of Production Sharing Contract (PSC) between the Government and the affiliation of PT Pertamina (Persero) on April 20, 2018 effective from 20 May 2018.
WK Ogan Komering previously operated by PT Pertamina Hulu Energi (PHE) with partners through Joint Operating Body Pertamina- Jadestone Energy (Ogan Komering) Ltd (JOB PJOK). WK Ogan Komering has completed its contract period on February 28, 2018, including Tuban WK, but later by ESDM Minister it is decided that the interim management of WK Ogan Komering by existing operators for 6 months or until the signing of new PSC contract (whichever is faster).
After this signing, starting May 20, 2018, WK Ogan Komering with WK Tuban will be operated by PT Pertamina (Persero) through its subsidiary PHE. Unlike previous contracts that still use cost recovery sharing contracts, production sharing contracts for these two regions will use a gross split sharing contract. Previously, the gross split sharing contract had been implemented in WK Offshore North West Java (ONWJ) by PHE.
“The handover of WK Tuban and Ogan Komering Termination is one of the company’s strategic steps to secure national oil and gas production,” said Director of PHE R. Gunung Sardjono Hadi.
Until the end of 2017, JOB PJOK oil production reached 2.25 thousand barrels per day (gross) and gas production of 8.64 million standard cubic feet per day (gross).
For 2018, WK Ogan Komering has an oil production target of 1.95 thousand barrels per day (gross) and gas production of 8.21 million standard cubic feet per day (gross). To maintain and increase production at WK Ogan Komering, PHE has planned a number of activities such as well services for dead wells, facility improvements, and the commercialization of undeveloped exploration wells.
“For reserve enhancement activities, PHE Ogan Komering will conduct GGR and 3D seismic studies as well as drill exploration and infill drilling to meet the exact commitments of the first 3 years and 3 years of both production sharing contracts,” Mount said.
In addition to WK Tuban and Ogan Komering, PHE will also undertake another termination termination process in 2018, namely WK Southeast Sumatra (SES) and North Sumatra Offshore (NSO) and North Sumatra Block B (NSB).
“Once officially managed PHE, we will soon realize a number of programs to maintain and improve productivity in both WK,” added Mount.
(Sunandar)
