This is the ‘Treasure’ Just Found in the Waters of North Java

Jakarta –

Pertamina’s Upstream Subholding, PT Pertamina Hulu Energi Offshore North West Java (PHE) managed to find a new ‘treasure’ in the Java Sea. The ‘treasure’ is in the form of oil and gas reserves from the drilling of the GQX-1 exploration well in the North Waters of Java.

The GQX-1 exploration well is located approximately 17 km from the existing MM field production facility. The GQX-1 well, which was commissioned at the end of April 2022, reached a final depth of 2958 feet Measured Depth (ftMD) in mid-May 2022.

This well was successful in discovering oil and gas through the Drill Stem Test (DST) #1 which was conducted in a shallow marine sandstone reservoir of the Main Formation.

“From the results of the First Layer Content Test, the gas flow rate is 3.6 million standard cubic feet of gas per day (MMSCFD) and 108 barrels of oil per day (BOPD). Next, the Second Layer Content Test/DST#2 will be carried out at intervals of 2494-24. 2519 ftMD in the MR-26 layer,” said Director of Exploration of PT Pertamina Hulu Energi (PHE) – Upstream Subholding, Medy Kurniawan, quoted from Pertamina’s written statement Saturday (11/6/2022).

According to Medy, the discovery of this oil reserve complements the previous success in 2022. Previously, there was the Sungai Gelam Timur-1 well. (SGET-1) in Jambi, Manpatu-1X in Mahakam, and Wilela-001 in South Sumatra.

In 2021, Upstream Subholding succeeded in drilling 12 exploration wells. In 2022, Subholding Upstream seeks to improve performance through a work plan to drill 29 exploration wells, or 242% compared to the realization in 2021.

In the exploration strategy, Upstream Subholding has three main initiatives. The three main strategies are in the form of existing Working Area (WK) assets where exploration contributions are needed to maintain and increase existing oil and gas production.

Furthermore, the New Ventures strategy is where Pertamina’s Upstream Subholding seeks new exploration potential. Lastly, the partnership strategy for risk & cost sharing as well as technology & knowledge transfer through accelerated domestic and international collaboration and joint bidding processes.

(hns / hns)

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