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Jakarta Post

Total to start drilling 6 wells in Mahakam field

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, February 1, 2017   /  06:26 pm
Total to start drilling 6 wells in Mahakam field At sea: Employees work on an offshore rig in Madura, East Java. (Antara/Zabur Karuru)

Total E&P Indonesie (TEPI) president and general manager Arividya Novianto has announced that his company will start drilling six wells in the Mahakam oil field in East Kalimantan in March.

“We’ll have six wells, while [state-owned energy company] Pertamina will have 19 wells,” said Novianto as reported by tempo.co at the Office of the Coordinating Maritime Affairs Minister in Jakarta on Wednesday.

Novianto, who was accompanied by his predecessor Hardy Parmono, said during his meeting with Coordinating Maritime Affairs Minister Luhut Binsar Pandjaitan that they also discussed the transition of the Mahakam field takeover by Pertamina from the company.

(Read also: Pertamina starts preparations for Mahakam gas block)

“We want to update the information about the transition with Pertamina. We will also inform about our drilling plan,” he added as reported by tempo.co.

TEPI’s contract ends on Dec. 31 this year, after operating the Mahakam field for 50 years. PT Pertamina Hulu Mahakam, a subsidiary of PT Pertamina, has been appointed to operate the block as from Jan. 1, 2018.

As an operator, TEPI has a 50 percent “participation right” while the remaining 50 percent is owned by Impex Corporation Ltd.

Novianto declined to comment on an offer of a 30 percent participation right with Impex Corporation, saying TEPI was focusing on the smooth transition of the Mahakam field’s management.

“It has not been discussed. Our priority is a smooth transition. A smooth transition is more important so that production at Mahakam does not drop significantly,” he added.

TEPI expects to produce 1,430 million standard cubic feet of gas per day and 53,000 barrels of oil per day in 2017. (bbn)

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