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New oil, gas reserve discovered in E. Java
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All set – A field worker of oil and gas producer PT Saka Energi Indonesia (SEI) measures the level of two dangerous gases, H2S (hydrogen sulfide) and CO2 (carbon dioxyde) at the onshore processing facilities at its wholly owned offshore Pangkah block in Gresik, East Java, on Sept.29. (JP/Wahyoe Boediwardhana)
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il and gas producer PT Saka Energi Indonesia (SEI) has announced the discovery of new oil and gas reserves amounting to 300 million barrel oil equivalent (BOE) on the Sidayu-4V exploration well in its wholly owned offshore Pangkah block in Gresik, East Java.
SEI CEO Tumbur Parlindungan said the state-owned gas producer PT Perusahaan Gas Negara’s (PGN) subsidiary he led needed only around seven months to discover the new reserve since it began preparing to drill the well.
“This was one of fastest drilling processes in the world because usually, it takes between 1 and 1.5 years from preparation to actual drilling activities,” he said in Pangkah, Gresik, on Thursday.
“This achievement cannot be separated from the fact that all preparation processes have been conducted in parallel and all our field officers are young people aged no more than 35 years,” he went on.
Tumbur further said the exploration was a follow up to the discovery of an oil and gas reserve in the Sidayu-3ST1 exploration well last year. The discovery of the new reserve on the Sidayu-4V exploration was the last stage of the Sidayu structure exploration, after which it was expected East Java could become a major new energy producer in Indonesia.
Tumbur said PT SEI was set to submit its plans of development to the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) in the middle of next year.
“If everything can run along with our plan, the new reserves can be in production in 2019. In the initial stage, it will produce 2,500 barrel of oil per day [bopd]. Hopefully, this figure can continue to increase.” (ebf)
