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Pertamina to Boost Oil Production
Andjarsari Paramaditha | August 22, 2011

Pertamina Exploration and Production (EP) has recently reactivated one of its abandoned South Kutai Lama (SKL) wells in East Kalimantan through its Sangasanga Tarakan unit, with early production showing 150 bopd, the company said in a statement. (JG Photo) Pertamina Exploration and Production (EP) has recently reactivated one of its abandoned South Kutai Lama (SKL) wells in East Kalimantan through its Sangasanga Tarakan unit, with early production showing 150 bopd, the company said in a statement. (JG Photo)
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Serigala-Berbulu-Domba
10:15am Aug 23, 2011

It would be of interest to understand how much of Pertamina's projected increase in production reflects additional production from 'original Pertamina acreage' and blocks acquired from purchases of current third party Production Sharing Contract interests or acquisition of expired Production Sharing Contract

areas. Pertamina's history of increasing oil production out of 'original Pertamina acreage' over the years hasn't been anything to write home about.


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Indonesian state oil company Pertamina would almost double oil production from reactivated old fields to 7,600 barrels of oil per day (bopd) by end-year from 2008 levels, as the country struggles to halt declining output.

Pertamina Exploration and Production (EP) has recently reactivated one of its abandoned South Kutai Lama (SKL) wells in East Kalimantan through its Sangasanga Tarakan unit, with early production showing 150 bopd, the company said in a statement.

The firm is also preparing 10 other SKL wells for reactivation along with their production facilities, aiming to tap 10-15 bpd from each well, said Agus Amperianto, Pertamina EP spokesman.

The SKL structure was abandoned in 1981.

Apart from SKL, the Sangasanga Tarakan unit has reactivated 13 other structures with 110 wells in an 13,347-hectare area of Kutai-Kertanegara.

Sangasanga was founded in 1902 and was taken over from private energy firm Medco Energy in 2008. By end-2008, the unit's oil production was 4,300 bopd, rising to 7,133 bopd in June 2011, 7,243 bopd in August and is slated to rise to 7,600 bopd by the end of the year, Pertamina said.

Indonesia had been expected to produce 970,000 bpd of oil this year. But oil and gas regulator BPMigas said in May realistic output would only be between 933,000 and 945,000 bpd this year.

The former OPEC member reached its peak oil production in 1995 of 1.6 million bpd, after Chevron Pacific Indonesia implemented enhanced oil recovery (EOR) technology by injecting water and steam into its ageing fields in Sumatra, but output has been declining since.

BPMigas said in June that oil and gas contractors need to use EOR technology to boost the country's oil reserves by 10 percent, or an extra 4.3 billion barrels to its existing proven reserves of 3.7 billion barrels.

The country has 10 oil and gas projects with total investment of $4.73 billion in the pipeline and are expected to come onstream between 2011 and 2014 - excluding the giant Cepu oil and gas project - with most of the new production skewed towards gas, BPMigas has said.

Pertamina said last week its portion of oil production is projected to rise an average of 13.3 percent yearly and for gas to grow 45.6 percent until 2015. By 2013, Pertamina is targeting production of 517,000 boepd, rising to 776,000 boepd in 2015, it said.

Reuters