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Pertamina Oil Production at 99 Percent

Translator

Editor

12 April 2017 18:20 WIB

TEMPO.CO, Jakarta - Pertamina Hulu Energi (PHE) has produced 63,000 barrels of oil per day (bpd) as of March 2017. The volume is 99 percent of the targeted 64,000 bpd.

PHE President Director Gunung Sardjono Hadi said on Wednesday, April 12, 2017, that the excellent result is due to production increase at the Offshore North West Java (ONWJ) Block.

According to Gunung, PHE's gas production as of the first quarter reached 723 million standard cubic feet per day (MMSCFD). The volume equals to 94 percent of the targeted 769 MMSCFD.

The gas production increase is supported by a high output from the Jambi Merang and West Madura Offshore (WMO) blocks.

The Pertamina subsidiary, Gunung said, also recorded excellent performances in exploration. The drilling at Parang-1 exploration well in Nunukan has entered the fifth phase. The well is expected to bring more oil discoveries.

Currently, Pertamina Hulu Energi operates in 53 blocks in Indonesia and abroad. 

ANTARA

Oil and gas


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