The Special Unit for Upstream Oil and Gas Activities (SKK Migas) recently published the report on oil lifting realization during the first semester of 2015. According to the report, several Contractors of Cooperation Contract (KKKS) are yet to fulfill the target determined under the 2015 Revision of Work Program & Budget (WP&B).
SKK Migas reported that at least ten companies were unable to achieve the determined target, they are ExxonMobil Cepu, Petronas Carigali, Pertamina, Pertamina-Medco Tomori Sulawesi Ltd, Odira Energy Karang Agung LLC, Pertamina-Petro China Salawati, ExxonMobil Oil Indonesia Inc., Sele Raya, Petroselat Ltd., and BP Berau.
Amien Sunaryadi, Head of SKK Migas, explained that the companies faced obstacles in achieving the target, due to operational matters.
“ExxonMobil has not reached their target for the first semester of 2015, they have not realized the Full Field CPP. On the other hand, Odira Karang Agung and Petro China Salawati shares the same problem, they have not started the onstream productions,” said Mr. Sunaryadi last Friday.
Nevertheless, SKK Migas also pointed out the achievements made by other companies that succeeded to fulfill individual targets. Chevron Pacific Indonesia exceeded their eight thousand barrels per day target. Total E&P Indonesia successfully secured second place by exceeding their four thousand barrels per day target.
Companies that are also exceeding their individual targets are Vico Indonesia, Conoco Philips Indonesia Ltd., BOB-BSP, and Medco E&P Indonesia.
In addition, SKK Migas also announced three major projects that recently commenced. Elan Biantoro, Head of SKK Migas Public Relations, said that these projects will significantly increase national oil production.
The three major projects are the Lapangan Pelikan at Natuna A Block operated by Premier Oil Natuna Sea B.V., the Lapangan Bukit Tua at Ketapang Block operated by Petronas Carigali Ltd, and the Senoro Gas at Senoro-Toili Block operated by JOB Pertamina-Medco E&P Tomori.
“As of now, those projects are in the drilling stages, and expected to begin production at the third quarter of 2015,” said Mr. Biantoro.
Mr. Biantoro further explained that these projects will support this year’s lifting target, which is set at 825 thousand barrels per day. According to him, if the three projects reach their peaks, the national lifting volume will gain an extra 31 thousand barrels per day.
“Bukit Tua project, for example, is currently producing 5,500 barrels per day. Its estimated peak production of around twenty thousand barrels per day will be realized by 2016,” said Mr. Biantoro.
The 2015 State Budget Amendment (APBN-P) targeted the total oil production to be 825 thousand barrels per day. Based on the statistic of SKK Migas, oil lifting per 30 June 2015 sums up to 763,300 barrels per day, equals to 92.6 percent of the total target.
Meanwhile, SKK Migas targeted the completion of nine projects in the second semester, providing an additional 193 thousand barrels of oil per day, and 500 million cubic feet of gas per day.
“With these additional productions, we are optimistic that the 2015 APBN-P production target can be achieved,” Mr. Elan concluded.
The Special Unit for Upstream Oil and Gas Activities (SKK Migas) recently published the report on oil lifting realization during the first semester of 2015. According to the report, several Contractors of Cooperation Contract (KKKS) are yet to fulfill the target determined under the 2015 Revision of Work Program & Budget (WP&B).
SKK Migas reported that at least ten companies were unable to achieve the determined target, they are ExxonMobil Cepu, Petronas Carigali, Pertamina, Pertamina-Medco Tomori Sulawesi Ltd, Odira Energy Karang Agung LLC, Pertamina-Petro China Salawati, ExxonMobil Oil Indonesia Inc., Sele Raya, Petroselat Ltd., and BP Berau.
Amien Sunaryadi, Head of SKK Migas, explained that the companies faced obstacles in achieving the target, due to operational matters.
“ExxonMobil has not reached their target for the first semester of 2015, they have not realized the Full Field CPP. On the other hand, Odira Karang Agung and Petro China Salawati shares the same problem, they have not started the onstream productions,” said Mr. Sunaryadi last Friday.
Nevertheless, SKK Migas also pointed out the achievements made by other companies that succeeded to fulfill individual targets. Chevron Pacific Indonesia exceeded their eight thousand barrels per day target. Total E&P Indonesia successfully secured second place by exceeding their four thousand barrels per day target.
Companies that are also exceeding their individual targets are Vico Indonesia, Conoco Philips Indonesia Ltd., BOB-BSP, and Medco E&P Indonesia.
In addition, SKK Migas also announced three major projects that recently commenced. Elan Biantoro, Head of SKK Migas Public Relations, said that these projects will significantly increase national oil production.
The three major projects are the Lapangan Pelikan at Natuna A Block operated by Premier Oil Natuna Sea B.V., the Lapangan Bukit Tua at Ketapang Block operated by Petronas Carigali Ltd, and the Senoro Gas at Senoro-Toili Block operated by JOB Pertamina-Medco E&P Tomori.
“As of now, those projects are in the drilling stages, and expected to begin production at the third quarter of 2015,” said Mr. Biantoro.
Mr. Biantoro further explained that these projects will support this year’s lifting target, which is set at 825 thousand barrels per day. According to him, if the three projects reach their peaks, the national lifting volume will gain an extra 31 thousand barrels per day.
“Bukit Tua project, for example, is currently producing 5,500 barrels per day. Its estimated peak production of around twenty thousand barrels per day will be realized by 2016,” said Mr. Biantoro.
The 2015 State Budget Amendment (APBN-P) targeted the total oil production to be 825 thousand barrels per day. Based on the statistic of SKK Migas, oil lifting per 30 June 2015 sums up to 763,300 barrels per day, equals to 92.6 percent of the total target.
Meanwhile, SKK Migas targeted the completion of nine projects in the second semester, providing an additional 193 thousand barrels of oil per day, and 500 million cubic feet of gas per day.
“With these additional productions, we are optimistic that the 2015 APBN-P production target can be achieved,” Mr. Elan concluded.