SKK Migas to Keep Tabs on 900 Development Wells Drilling

TEMPO.CO, Jakarta - The Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas) Deputy of Operations Julius Wiratno in a statement on Sunday announced the commitment to closely monitor the drilling of 900 development wells in 2022 and achieve the 1 million barrel oil production goal. 

He said the number of drilling on development wells this year increased significantly compared to last year’s target, Antaranews reported. 

"We have drawn up a plan and strategy for ‘Indonesia Oil and Gas 4.0’ and to achieve the oil production target of 1 million barrels and 12 BSCFD of gas by 2030," he said in the statement on January 2, 2022.

Julius explained that the COVID-19 pandemic had forced SKK Migas to make changes in strategy and various adjustments. The increase in world oil prices over the past year and is expected to remain at high prices this year has raised the optimism of businesses in the upstream oil and gas industry.

"This is their momentum to increase investment in upstream oil and gas, one of which is increasing investment for drilling development wells," said Julius.

He further detailed the number of 900 development wells for this year derived from the discussion of work, program & budget (WPnB), additional agreements, and plans for filling the gap program.

“We are committed to have 2022 the turning point for national oil and gas production, to improve sustainably until 2023,” he explained. 

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ANTARA