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Jakarta Post

Pertamina officially takes over SES Block from CNOOC

  • News Desk

    The Jakarta Post

Jakarta   /   Thu, September 6, 2018   /   01:35 pm
Pertamina officially takes over SES Block from CNOOC A handout photograph shows an operator at the offshore facility of the Southeast Sumatra (SES) Oil and Gas Block. (Courtesy of/Pertamina)

Through its subsidiary, PT Pertamina Hulu Energi (PHE), state-owned oil and gas holding company Pertamina has officially taken over the operatorship of the Southeast Sumatra (SES) Oil and Gas Block from CNOOC SES Ltd.

The hand-over ceremony of the SES Block to PHE Offshore Southeast Sumatra (PHE OSES) was held on Pabelokan Island, Thousands Island regency, Jakarta, one of the locations of the SES operation.

“The SES has strategic value to support the national production target and to achieve energy resilience,” said Pertamina upstream director Dharmawan Samsu during the ceremony, which was also attended by PHE president director Huddie Dewanto and head of the Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) Amien Sunaryadi.

Up to August, SES production reached 31,120 barrels of oil per day (bopd) and 137.5 million standard cubic feet per day (mmscfd) of gas.

Dharmawan said the gas produced from the block was used to fuel power plants owned by state-owned electricity company PLN in Cilegon, Banten, while the crude oil was exported, but after it was under PHE OSES all crude oil would be manufactured at Pertamina’s refineries.

He added that to guarantee the smooth operation of the block after the contract termination, PHE would carry out research on operation and quality, health, safety, security and environment (QHSSE) and also a number of site visits.

The SES Block has been in operation since Sept. 6, 1968.  Its best performance was recorded in July 1991 when the block produced 244,340 bopd of oil. (bbn)