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Pertamina’s gas production exceeds target

PROJECTS & INDONESIA’S state-owned Pertamina said Pertamina drilled 195 wells over the nine-
COMPANIES this week that it had exceeded its natural gas month period – eight of which were explora-
production target for the first nine months tion wells. The company said it was still drilling
of the year. another 45 wells, three of which are also explo-
Production averaged 2.61bn cubic feet ration wells.
(73.92mn cubic metres) per day of gas – 2% In thanking both the central and regional
above target, the company said on November governments for their assistance, Parhusip said:
3. Oil production, meanwhile, amounted to “This support will be our impetus in meeting the
415,000 barrels per day (bpd), with the company target and of course to optimally contribute to
refraining from providing a target comparison. the national target of production of 1mn bpd of
It added that its combined production had aver- oil and 12 bcf [339.84 mcm] per day of gas.”
aged 866,000 barrels of oil equivalent per day Despite the government’s plans to expand oil
(boepd). and gas production over the next decade or so,
The head of Pertamina’s upstream divi- Jakarta has committed to a long-term carbon
sion, Budiman Parhusip, said domestic oil and emissions strategy that anticipates Indonesia
gas production had reached 717,000 boepd – achieving net zero by 2060.
319,000 bpd of oil and 2.31 bcf (65.42 mcm) per For its part, Pertamina committed this week
day of gas – in the January-September period. to reducing its own carbon dioxide (CO2)
This, the company noted, was 100% of its target. emissions to 81.4mn tonnes over the next four
Pertamina said it had boosted proven (1P) decades.
reserves by 428mn boe, which was 15% higher Pertamina president-director Nicke Widya-
than targeted, while also adding 174mn boe of wati told the UN climate conference COP26 on
best estimate (2C) contingent resources. November 2 that the energy transition would
The major said that its takeover of the Rokan continue in line with the principles of energy
block in August had helped to strengthen Per- security, accessibility and affordability.
tamina’s upstream portfolio. “From that perspective, Pertamina will con-
Chevron handed control of the block to Per- tinue to strive for a balance between the climate
tamina on August 9 after a two-year transition change agenda and energy security in Indone-
period. Rokan’s output averaged 160,646 bpd in sia and also for the company’s sustainability,”
the first half of this year, shy of the government’s Widyawati said. She added: “To be able to pro-
2021 target of 165,000 bpd. Upstream regula- vide significant results in mitigating climate
tor SKK Migas now wants Pertamina to lift the change, with the current business pattern, the
block’s production to 166,000 bpd by the end of global oil and gas sector must reduce emissions
the year. Beyond that, output is expected to climb [by] at least 3.5bn tonnes of CO2 equivalent per
to 400,000 bpd by 2035. year by 2050.”™

Week 44 04•November•2021 www. NEWSBASE .com P5