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SKKMigas bets on Rokan Block to meet 2030 oil output goal
A day after the historical takeover of the Rokan oil and gas block from United States-based supermajor Chevron, Pertamina upstream subsidiary PT Pertamina Hulu Rokan (PHR) carried out its first drilling activity at one of Indonesia’s most lucrative oil blocks.
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Chevron workers inspect an oil and gas facility at the Rokan Block in Riau at an unspecified date. (SKK Migas/SKK Migas)
T
he Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) expects the oil output of the recently nationalized Rokan Block to increase two and a half-fold over this decade in meeting the agency’s long-term energy goal.
The Rokan Block currently produces 160,000 barrels of oil per day (bopd), but SKK Migas secretary Taslim Yunus said on Thursday that the block was expected to produce 400,000 bopd by the end of 2030.
“That means 40 percent of the 1 million bopd [by 2030] target,” Taslim said in a webinar by CNBC Indonesia on Thursday, referring to the long-term goal.
State-owned upstream oil and gas firm Pertamina Hulu Rokan (PHR), which took over the block on Monday, will implement enhanced oil recovery (EOR) techniques in the lucrative Minas Field and develop other fields within the block over the medium- to long-term to boost production, he added.
Read also: Pertamina officially takes over Rokan oil, gas block from Chevron
The higher production promises to reinstate Rokan as Indonesia’s most productive oil block, a title that it lost to the Cepu Block in East Java in 2019.
The latest SKK Migas data shows that Rokan has produced 160,646 bopd as of June 30, which accounted for 24 percent of the national output, ranking it second to the Cepu Block, which has produced 31 percent of the national output.
