Realized survey, drilling programs far below target: SKK Migas

By Febry Silaban

As of December 11, 2015, realized survey and drilling activities by contractors are below the target set in the 2015 Work Program and Budget (WP&B), upstream authority SKK Migas said.

"All the activities decreased, except for well maintenance programs which are almost close to the target," SKK Migas' Head of Public Relations Biantoro Elan said Sunday.

He said that oil and gas contractors in the country have carried out well maintenance program covering 29,492 wells, or 87 percent of the targeted 34,060 wells.

"The well maintenance program is related to opex (operational expenditure) and is a must in production activity. If well service is not done or reduced, (production) decline will occur sharply," he explained.

Other activities include work-over program. Out of the targeted 1,354 wells, as many as 1,290 wells have been realized, or 95 percent of the target.

Elan said that drilling and survey activities have been below target among others because the lingering drop in oil price has altered the original calculation of the economics of the projects.

Drilling and Survey Activities as per December 11, 2015

Activity	Unit	Realization	Revised WP&B		OUTLOOK (*)
			Plan	%
a. Seismic survey program plan	activity	14	43	30%	14
b. Non-seismic survey program plan	activity	11	22	41%	11
c. Exploration drilling program plan	well	53	157	34%	53
d. Exploration well re-entry program plan	activity	11	27	40%	12
e. Development drilling program plan	well	524	627	84%	551
f. Work over program plan	activity	1,290	1,354	95%	1.321
g. Well maintenance program plan	activity	29,492	34,060	87%	33.751

Editing by Reiner Simanjuntak