Posted in Production

Pertamina EP: Production of 122,000 Barrels of First Semester

PT Pertamina EP record oil and condensate production in the first half of 2013 reached 122,000 barrels per day.
Vice President Exploitation Pertamina EP Herutama Trikoranto in Jakarta on Thursday, said that the production was slightly lower than the target of 123,000 barrels per day.
“We seek the achievement of the target in the second half. Fact, the production until the end of the year is optimistic of 127000-128000 barrels per day,” he said.
Appropriate work program and budget (work program and budget) 2013, Pertamina EP is targeted to produce 132,000 barrels of oil per day.
However, the figure has been revised to 123,000 barrels per day, as the national oil production target derived from the 900,000 to 840,000 barrels per day.
Heru said the achievement of production constraints in the first half mainly due to non-technical problems of land acquisition and licensing, especially in protected forests.
Meanwhile, the technical constraints such as delays in drilling due to “loss of circulation” and below the surface of the issues that make the production is not as expected.
As a result of these constraints, plans to increase production by 11,000 barrels in the first half of 2013, only reached 4,200 barrels per day.
In 2012, Pertamina EP recorded additional production up to 13,500 barrels of the target of 14,200 barrels per day.
“Last year was better, as it has not appeared nontechnical problems,” he said.
According to him, it will increase the re-work (work-over) to the production wells to avoid the constraints of the land acquisition and licensing.
“Work does not need to re-land acquisition and licensing,” he said.
Heru said it expects to produce in the second half to increase again to reach 4,000 barrels per day.