Pertamina EP drills PPA-03, OGN-A5 wells

Courtesy of Pertamina

PT Pertamina EP, an upstream subsidiary of oil and gas firm PT Pertamina started on January 1 drilling the Puspa 03 (PPA-3) exploration well in Muaro Jambi Regency, Jambi Province, and OGN-A5 development well in Ogan Ilir Regency, South Sumatra Province, marking the company?s first drilling programs this year.

Pertamina EP Exploration and New Discovery Project Director, Nanang Abdul Manaf said in a statement on Sunday that the drilling of the exploration well forms part of the company?s efforts to find new oil and gas reserves, while drilling of the development well forms part of efforts to help meet this year?s oil production target of 83,865 BOPD, and gas production target of 1,042 MMSCFD.

Nanang said that aside from PPA-3 well, drilling of Point Setia 001 exploration well in Batang Hari Regency, also in Jambi Province, is still in progress. The well was spudded on October 19, and the drilling program is targeted to be completed in about four months.

Elsewhere, Nanang said that last year, the company completed drilling of five wells. The company managed to find oil and gas reserves of 113 MMBOE, slightly higher than the 110 MMBOE target.

Pertamina EP has set a target this year to drill seven exploration wells including four in Sumatra, two in Java, and one in Kalimantan.

The company also plans to drill 54 development wells to help meet the 2017 production target, and work over of 186 wells.

Editing by Reiner Simanjuntak