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Massive Oil and Gas Reserves Discovered in Bekasi, Indonesia – Pertamina Plans Rapid Business Process

Jakarta

The discovery of oil and natural gas (oil and gas) sources in Bekasi has shocked the public recently. Apparently, this source is predicted to have large oil and gas reserves.

Director of Exploration at PT Pertamina Hulu Energi (PHE) Muharram J Panguriseng said that his party would speed up the next business process after the discovery of oil and gas sources in Bekasi.

“We will try to speed up the next business process, we are currently evaluating whether it will go straight to PSE (Determination of Exploration Status) or add 1 more well, we are currently evaluating it,” he said on the sidelines of the Upstream Subholding Media Gathering, Lombok, written on Wednesday (6 /2/2024).

He said the second drilling was planned to be carried out at the end of the year. He hopes that production can be carried out before three years.

“The hope is that this year, if we can catch up, by the end of the year the second drilling will go straight to PSE. The hope is that the POD will be produced in no more than 3 years,” he said.

He said the region holds oil and gas potential of up to 43 million barrels of oil equivalent. “That’s oil and gas, in my opinion it’s big because that’s 43 million barrels of oil equivalent. Oil is dominant,” he said.

“43 million is recoverable, meaning it can be produced, but if it’s technology liftingthe production could be better, the production could be better, it could be bigger than that because inplaceis quite big,” he said.

Apart from looking for oil and gas domestically, PHE is also studying acquiring several blocks abroad. After together with Petronas taking over the oil and natural gas (oil and gas) block in Malaysia, the party is currently looking at a number of South America and Africa.

“Internationally, we are also collaborating with ENI and Petronas to evaluate several blocks in Africa and South America. The evaluation is already underway, hopefully we will get candidates who are in line with our threshold for pursuing the big fish,” he said.

They will carry out an evaluation. After that, his party took the decision to take the block. There are various schemes, there are those who enter an existing block by taking participation rights or participating interest (PI), there are also those who enter a new block.

“There are acquisitions that are already existing blocks but we take PI there. There are also ones, for example in Malaysia, where we enter new blocks together with our partners,” he said.

(kilo/kilo)

2024-02-08 02:00:08
#Jumbo #Oil #Potential #Pertamina #Bekasi

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