Pertamina Oil & Gas Production Hits 571 MBOEPD

Source: www.gulfoilandgas.com 9/3/2015, Location: Asia

PT Pertamina (Persero) oil and gas production reached 571 MBOEPD as of July 2015, increasing by 9.8% compared to the same period last year of 520 MBOEPD.

Pertamina Vice President for Corporate Communication Wianda Pusponegoro said the company recorded a trend of increasing oil and gas production since earlier this year. In January 2015, Pertamina consolidated average oil production reached 259. 74 MBOPD. The average production increased to 275 MBOPD for year-to-July 2015 period.

A similar increase was also recorded in gas production, in which the 1,621.46 MMSCFD in average gas output recorded in January 2015 grew to 1,712 MMSCFD during a-seven-month-period of the year. Given the increases, Pertamina oil and gas production reached 571 MBOEPD as of the end of July.

The oil and gas production grew positively by 9.8% compared to the realized figure for the same period last year when the output was recorded at 520 MBOEPD as of the end of July 2014. The oil production rose 7.8% from 255 MBOPD during the first seven months of last year to 275 MBOPD in the same period this year. Meanwhile, the average gas production increased around 11% from 1.540 MMSCFD in January to-July period last year to 1.712 MMSCFD in the same period this year.

“The trend of increases in production shows that Pertamina has given an actual contribution for attempts to fulfill the national energy demands, both from domestic and overseas resources,” Wianda said.

From domestic assets, Pertaminas production mostly came from Pertamina EP (PEP) and Pertamina Hulu Energi (PHE). The significant contributors of oil production for PEP are Prabumulih, Ramba, Jatibarang, Unitisasi Sukowati, Sanga-sanga and Bunyu. For gas output, PEP receives big contributions from Subang, Bunyu and Pendopo. Meanwhile for PHE, the main contributors to oil production are ONWJ, WMO, CPP BOB and OSES. For gas, ONWJ, Corridor, Tomori, WMO and Jambi Merang are the key contributors.

Pertamina, Wianda continued, kept its commitment to give its best efforts to increase the company’s production and contribute in attempts to fulfill national energy demand. The development of upstream sector, according Wianda, is one of Pertamina’s five strategic priority pillars, in which the company carrying out moves to increase oil and gas production in its national and international assets.

“At the domestic level, apart from maintaining production from existing fields, Pertamina’s priorities for the next two years are preparing the take-over process of Mahakam Block and the extension of ONWJ Block as well as making contribution to the increase of production in Cepu Block. For international development, Pertamina will booss production of its existing fields and will manage more blocks through acquisitions in the next several years,” she explained.


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