Pertamina Sets Massive Drilling Program in 2022

By Editorial Team 02/12/2021
Summary

State-owned oil and gas holding PT Pertamina sets to drill 800 development wells next year. PT Pertamina Hulu Energi (PHE) President Director Budiman Parhusip said the drilling target more than doubles this year's plan of around 370 development wells," particularly driven by the Rokan Block. We will carry out a massive program to maintain and increase production," Budiman said.

From January through September 2021, Pertamina has only drilled 195 wells and completed eight exploration well drilling. Three wells are still being drilled.  Until the third quarter of 2021, 428 million barrels of oil equivalent (mmboe) are added to P1 reserves, or 15 percent higher than the target.

Meanwhile, the discovery of 2C resources reached 174 MMBOE.  Pertamina recorded oil production of 415 million barrels of oil per day (mbopd) and gas of 2.614 million standard cubic feet per day. "We are working with SKK Migas to finalize the drilling investment plan in the future," Budiman said.

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