| Pertamina Exploration drilling success ratio increased to 84.6 Percent EP |
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| Monday, 23 August 2010 00:54 | |||||||
Page 1 of 2 JAKARTA. PT Pertamina EP managed to increase the success ratio of exploratory drilling in the period from January to August 2010 to 84.6 percent. Of the 12 wells drilled have been closed until August 2010 and a re-entry wells, 11 wells otherwise successful and the two wells are deemed to be successful.Exploration drilling success ratio of January to August 2010 period was higher than the same period in the previous two years. Of the eight wildcat wells, seven of them otherwise successful and produce oil and gas, "thus affirmed the Director of Exploration and Development of Natural Syamsu. Sunday (22 / 8). Increased exploration drilling success ratio was a result of business process improvement to reduce risks and increase the chances of success of exploration prospects. Such efforts were conducted with the involvement of technology support and EP Technology Center, and optimization of monitoring the drilling operations to accurately and quickly identify indications of the existence of oil and natural gas. In 2008, exploration drilling success ratio of the period from January to August reached 75 percent, or from eight wells have been drilled to completion in August 2008, six wells otherwise successful and two unsuccessful wells. Later in 2009, exploration drilling success ratio of the period from January to August reached 76.9 percent or from 12 drilled wells have been completed until August 2009 and a re-entry wells, 10 wells otherwise successful and three unsuccessful wells. In the period January to August 2010, Pertamina EP conducting drilling 12 exploration wells and one re-entry. Consists of eight exploration drilling wildcat wells which includes five wells in the area of West Java (Acacia Good one, Karangluhur 1, Karangdegan 1, Teak Keling 1, and Cottage Blooms 1), one well in Jambi (Kalalili 1), and two wells in Sumatra Southern (1 and Ginaya Manduru 1). Of the eight wildcat wells, seven of them managed to find oil and gas, and one well was not successful. Meanwhile, a re-entry wells in Arjawinangun in West Java did not work either. Furthermore, Pertamina EP also carry three drilling in Bekasi Deleniasi Pondok Makmur (PDM-3, PDM-4, PDM-5) and one drilling in Serpong, South Sumatra (PDW-6X). Four deleniasi drilling is successful finding oil and gas. Pondok Makmur wells will be developed in the Plan of Development (POD) The second phase is expected to be produced late in 2011. In the first half of 2010 continued Syamsu Alam, Pertamina EP has managed to find new oil and gas reserves with the preliminary estimate amounting to 61 million barrels and gas amounted to 619 billion cubic feet of gas in the first half of 2010. The findings of this first half is much greater than the estimated amount of oil and gas production will be produced in 2010 amounted to 46.7 million barrels and 381 billion cubic feet of gas. (esdm) Description:
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