PT Pertamina Hulu Energi (PHE), an oil and gas upstream subholding of state owned energy company Pertamina, booked oil and gas production of 1.05 million barrels of oil equivalent per day (BOEPD) in the first semester of 2024, with 556,000 barrels of oil per day and gas of 2.86 billion standard cubic feet per day (Bcf/D), or an increase by 0.3 percent from the first semester of 2023.
Increased production originated from various activities among others drilling, workover, wells maintenance and Enhanced Oil Recovery (EOR) and Enhanced Gas Recovery (EGR).
Until June 2024, PHE was able to complete the drilling works of six exploration wells and 334 development wells. Besides, PHE also performed workover for 476 wells and 17,436 well service in comparison with the same period in 2023.
“Early this year, PHE discovered new oil and gas resources in the drilling of Anggrek Violet well in South Sumatra, Pinang East-1 well in Riau and Julang Emas (JLE)-001 in Central Sulawesi,” Arya Dwi Paramita, PHE Corporate Secretary, said in a statement on Thursday, August 15, 2024.
He said PHE also recorded a 198-kilometer 2D seismic acquisition at 2D Amalia seismic in South Sulawesi. Meanwhile, 3D seismic increased rapidly by 413 percent in comparison with the same period last year, with 1,978 square kilometers acquired as of June 2024. The 3D seismic survey is dominated by activities in eastern part of Indonesia among others, Seram in Maluku and Bone in South Sulawesi.
Until June 2024, PHE has discovered proven oil and gas reservers for 93 million barrel oil equivalent. The discovery of proven reserves consisting of crude oil of 41 million barrels of oil and gas reserves of 305 millon standard cubic feet.
Arya said that in pursuit of net zero emission, PHE has signed carbon capture collaboration with ExxonMobil to develop CCS Hub Asri Basin with potential storage of CO2 and a new business opportunity in decarbonization in Southeast Asia.
This cooperation is aimed at reducing carbon emmision as well as supporting economic growth through investment, job opportunities and increasing revenue for the state.
PHE has also signed the Memorandum of Understanding on the exploration of potential and implementation of ISO in the Carbon Capture and Storage (CCS) and Carbon Capture, Utilization and Storage (CCUS) with PT Sucofindo.
With CCUS and CSS technology, PHE has an opportunity to use CO2 and inject them to the depleted reservoir for EOR/EGR or to store them as emmision reduction hub and injection.
