PEP to drill 5 wells in Sangasanga

By Febry Silaban

PT Pertamina EP (PEP), a subsidiary of state-owned oil and gas firm PT Pertamina (Persero), will drill five wells in the Sangasanga field in Kutai Kartanegara Regency, East Kalimantan, through the end of this year, according to a top official of the company.

"We're going to drill five wells for the rest of this year. If the results are good, hopefully the production will reach over 8,000 bopd," President Director of PEP Adriansyah told Petromindo.com.

Meanwhile, PEP's Director of Production & Operations Beny J. Ibradi explained that based on the Plan of Further Development (POFD) of the field, a total of 87 development wells will be drilled from 2014 through 2016.

"Of course the oil production in the Sangasanga field will reach 8,000s bopd, if it is fully developed based on the POFD," he said.

He pointed out that there is currently still only one well producing in the field with an output ofapproximately 600 bopd. Now the firm is drilling two wells, according to him.

"For 2014, we plan to complete the drilling of a total of 10 wells. If the drilling results of the 10 wells are in line with engineering calculations, four rigs will continue to drill about 28 wells in Loisse in 2015-2016," Beny pointed out.

Loisse (LSE) 1055 well is part of Sangasanga. In April of this year, PEP announced that production test at the Louise (LSE) 1055 well indicated the well may produce 8,280 bopd, open-flow. With such production rate, the well will become the largest oil producing well throughout the company?s history.

Editing by Johannes Simbolon