PERTAMINA EP |

Pertamina EP oil and gas discoveries determines the success in reaching production target in 2011. Pertamina EP has set a target to be the number one oil and gas producer in Indonesia in 2011 with oil and gas equivalent production up to 570 MBOEPD.

Pertamina EP President Director Salis S Aprilian mentioned the above during his visit to Pertamina EP exploration site at KRT-01 (Karang Tunggal) and KRE-02 (Karang Enggal) in Pamanukan, Tuesday (28/7). Salis explain that employees of Pertamina EP are expected to understand and support the transformation program. It is necessary to achieve success.

Karang Tunggal (KRT)-1 is in Tegal Taman, Sukra, Indramayu District, West Java. It is located about 3,2 km west of Melandong field (MLD) or 650 meters wet of Karang Baru (KRB)-1. KRT-1 was drilled on April 7, 2009 with Baturaja and Talangakar formation as its objectives. KRT-01 well has completed its production test at 48/64 inch choke and gain 206 barel oil per day and 2.15 million standard cubic feet gas per day. Meanwhile during the second production test it gained 1,606 barrel condensate per day and 19,45 million standard cubic feet gas per day. Next during the third test it gained 937.9 barrel condensate per day and gas 13.14 million standard cubic feet per day. Until this news is published, Pertamina EP is still conducting the fourth test. “We do hope that the next test would be better,” Salis said.

Salis explained that at present Pertamina EP is the second biggest oil producer after Chevron and the second biggest gas producer after Total. We want to be number one. Of course, it will be determined by oil and gas discoveries such as in KRT and KRE which is still under exploration and later on will be managed of Pertamina EP Java Region,” Salis said.

Related with transformation, Salis prompts that every employee should be advised that what we have done in the past are recorded and documented. Therefore, what we do today must be better than yesterday, and tomorrow must be better than today.

During his visit, President Director also visited KRE-02 in Karang Enggal, West Java and sismic basecamp in Karawang.

Pertamina EP

Pertamina EP oil production on July 28, 2009 reached 130 thousand barrel per day or about four percent above the target 125.5 thousand barrel per day. While its gas production reached 946 million cubic feet.

Pertamina EP is the subsidiary of PT Pertamina (Persero) that manage the upstream oil and gas activities throughout Indonesia. Pertamina EP is also the biggest contributor to its holding’s profit. In 2006, the profit reached Rp11.26 trillion. In 2007 it is escalated to Rp15.16 trillion, and in 2008 reached Rp19.08 trillion or about 70 percent of the total profit of PT Pertamina (Persero)

Pertamina EP is the only oil and gas producer in Indonesia with optimism to increase its oil and gas production.