Pertamina EP strikes gas in Pagardewa block

Pertamina EP, a subsidiary of state oil and gas company Pertamina, has announced it has discovered a potential of 557 barrels of condensate per day and 15.35 million standard cubic feet of gas per day at the Piretrium (PRT)-1 exploration well in the company?s PAFE Pagardewa oil and gas block in South Sumatra.

Pertamina EP President Director Syamsu Alam said in Jakarta last week that the new oil and gas reserves were discovered in an area that is part of the Lahat and Air Benakat formation.?We hope this new discovery will help increase oil and gas production in the country,? he said.

The Piretrium structure is located in Muara Enim regency, South Sumatera, about 2 kilometers northwest of Prabumenang structure or 3 kilometers southeast of Tasim structure.

As of April 2012, Pertamina EP has drilled 4 wildcat and delineation wells in PAFE Pagardewa block. The company will soon prepare further work to put on production its previous findings. The company is also preparing a plan of development (POD) for existing structures including Pagardewa-Karangdewa and Tasim-Prabumenang.

In February, Pertamina EP announced it had also discovered a potential of 2,546 barrels per day (bpd) of oil and 2.75 million standard cubic feet per day (mmscfd) of gas coming from the Tiung Biru field on the border of Central and East Java.

The Tiung Biru field is located 15 kilometers southeast of Cepu in Central Java and 28 kilometers northeast of Bojonegoro in East Java. Tiung Biru is located in the same area as the Jambaran field, which is operated by Mobil Cepu Limited, a subsidiary of US-based ExxonMobil.

Editing by Roffie Kurniawan