The Upstream Oil and Gas Regulatory Task Force (SKK Migas) renews calls for oil and gas contractors to innovate and utilize the latest technology in an effort to meet the government’s target of increased national oil&gas production and lifting.
Deputy for Working Areas Exploration, Development and Management at SKK Migas, Benny Lubiantara, emphasized that the upstream oil&gas industry is facing multiple challenges in achieving the national oil&gas lifting target. These challenges include increasingly mature oil&gas field conditions, decreasing reserves, decreasing reservoir pressure, and the issue of increasing water and sand production which has an impact on production, economics, and operational efficiency.
“This situation requires us to continue to innovate, utilize the latest technology, and implement best practices that have been proven effective,” Benny said while addressing the Asset Management and Optimization Review (Amore) and Technology Day in Bandung, West Java on Thurday, December 5, 2024.
He cited that SKK Migas’ long-term target is highly dependent on optimizing the existing fields as one of the main efforts to increase national oil&gas production. He added, however, that accelerating new projects entering the onstream stage is also a priority.
Head of Reserve Optimization Division at SKK Migas, Sri Andaryani, emphasized the importance of innovation in dealing with the decline in oil&gas production. She said that the application of new methods and technologies is not only needed to stem the rate of production decline, but also to increase productivity.
“The output must be one, namely production, which ultimately leads to monetization. I hope this activity can provide real benefits in supporting the increase in national oil&gas production,” Andaryani said.
She also highlighted the importance of collaboration and interaction among stakeholders, especially in finding solutions and innovations to face future challenges. This collaboration is expected to support the achievement of the national oil&gas lifting target in a sustainable manner.
