Pertamina Oil, Gas Production Jump 42 Percent in 2018

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Laila Afifa

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  • Oil Wharf Terminal of PT. CPI Port in Dumai, Riau, Tuesday, January 15, 2019.  ANTARA FOTO/Aswaddy Hamid

    Oil Wharf Terminal of PT. CPI Port in Dumai, Riau, Tuesday, January 15, 2019. ANTARA FOTO/Aswaddy Hamid

    TEMPO.CO, Jakarta - State-owned oil and gas company Pertamina recorded the country’s production of oil and gas throughout 2018 increased to 768,000 barrels of oil equivalent per day (MBOEPD). The figure jumped 42 percent when compared to that of last year at 542,000 barrels.

    Pertamina Upstream Director Dharmawan H Samsu said that the figure saw a positive trend of Pertamina. “[We] will continue to maintain this [performance] to prove that Pertamina as the national company carries out a mandate to fulfill needs of national energy,” said Samsu in a written statement, Jakarta, Thursday, January 17.

    Additionally, the gas production in 2018 reached 2,763 million standard cubic feet per day (MMSCFD). The volume rose by 57 percent than that in 2017 at 1,760 MMSCFD.

    Pertamina also recorded that several oil and gas blocks had entered its production system, namely Mahakam Block, Sanga-Sanga Block, East Kalimantan Block, and OSES (Offshore South East Sumatera) Block.

    “As SOE and administrator of state assets, we will continuously strengthen baseline production to ensure that we optimize recovery factor in all Pertamina oil and gas fields by using economic and effective approaches,” Samsu noted.

    DIAS PRASONGKO