|
JAKARTA: PT Pertamina EP, subsidiary of PT Pertamina (Persero) estimates of capital expenditure (capital expenditure / capex) next year to reach U.S. $ 8.6 billion or an increase of U.S. $ 2.4 billion compared with this year's plan of U.S. $ 6.2 billion.
Managing Director of Pertamina EP Salis S. Aprilian said it planned to increase capex used to cover the cost of investment and exploration and drilling to 110 wells, consisting of 30 exploration wells and 80 development wells.
"We are ready to drill 3 wells in January next year. Then there are two development wells and one exploration in the island of Java and Sumatra," he said yesterday.
Related to the realization of capital expenditure this year, Salis admit of total capex this year is U.S. $ 6.2 trillion currently realized 80%. On the other hand, the realization of new investment reached 15%. According to him, the total planned capex will not be absorbed entirely by the end of this year because of delays in drilling due to the difficulty of Central Pondok permit lands in the region.
"It should be well on the field that's been drilled in January, but was done in May. After all, the entire capex is not all in use and will save a few percent."
Production up
Associated with oil production plans next year, the company admitted Salis target oil production increased 128,000 barrels per day (bpd) of production target this year of about 125,500 bpd, while gas production is projected to increase from 1040 to 1100 mmscfd mmscfd through field mainstay, namely Singleton, Sukowati, Poleng, and Limau.
"Glagah Kambuna Field also has begun to flow. For oil production, we expect to end 2009 on this 126,000 bpd above target. As for the gas production seems to still below the target, or just 95% only."
Pertamina EP is one profit center with Pertamina oil company production levels continued to increase since 2003. Meanwhile, the growth rate averaged 3.1% from 95,600 bpd production rate in 2003 to 102,200 bpd in 2006.
Achievement that shows the transformation of production Pertamina EP is now entering the second phase of a three-year development plan (Repetita) is getting better.
The average rate of natural production decline until now is still very high which is about 18% so they stay focused to maintain and increase production growth.
|
