PHE ONWJ plans to drill one well, 2D seismic survey
Wednesday, March 8 2017 - 08:19 AM WIB
Petromindo|Khalsa
PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ), operator of the ONWJ block in West Java, plans to drill one exploration well as part of exploration programs this year.
Ngatijan, Head of Seismic and Exploration Division at upstream oil and gas authority SKK Migas, told Petromindo.com Wednesday that drilling of the KKX-1 well is expected to start in October.
He added that the company, a subsidiary of PT Pertamina Hulu Energi, also plans to carry out 1,400-km 2D seismic survey at the ONWJ block in May of this year.
The government has transferred the entire ownership of ONWJ block to state-owned oil and gas firm PT Pertamina when the previous contract expired on January 18, 2017. Pertamina through indirect subsidiary PHE ONWJ previously owned an interest of 58.27 percent in ONWJ block in West Java as operator, while Kuwait Foreign Petroleum Exploration Company (Kufpec) owned 5 percent interest, and PT Energi Mega Persada (EMP) has more than 36 percent. Kufpec has decided not to continue with the ONWJ project after the contract expires, while EMP said it was still interested to continue investment in the block.
PHE ONWJ has set 2017 oil and gas production target from the ONWJ block, respectively, at 36,000 bopd and 172 mmscfd.
Editing by Reiner Simanjuntak