Pertamina raises Bunyu oilfield production by over 110 percent

Pertamina raises Bunyu oilfield production by over 110 percent

President Director of Pertamina EP Nanang Abdul Manaf (ANTARA FOTO/Muhammad Adimaja)

Jakarta (ANTARA News) - State-owned oil firm PT Pertamina`s subsidiary, PT Pertmina EP, and its oil contractor have been able to lift the production of the Bunyu Asset 5 oilfield by up to 111.9 percent.

The success of Pertamina EP to increase the production was conveyed by General Manager of Bunyu Asset 5 of PT Pertamina EP, Irwan Zuhri, in a press statement here on Wednesday.

PEP Asset 5 is set to drill 38 new wells in 2018. Of the 38 new wells, 23 are located in the administration area of PEP Bunyu.

Data in August 2018 showed that PEP Bunyu`s oil production was at 4,718 barrels of oil per day (BOPD) from the target of 4,217 BOPD, or 111.9 percent of the target, while gas production was at 9.37 million cubic feet per day (MMSCFD) from the target of 8.400 MMSCFD, or 111.6 percent of the target.

The Walkthrough Management activity involves a range of PEP management teams with the aim of reviewing the reliability of operations at the drilling site.

This time the locations visited included B-1902 drilling wells and a gathering station project.

Zuhri revealed that operational reliability is the main thing in every drilling activity. He hopes that the HSSE aspect is always upheld by the entire team.

"No matter how small the findings are, they must be taken seriously. If it is not resolved, it will eventually become a potential miss and even an accident. HSSE Golden rules must be applied by everyone. It should be obeyed, cared for, and intervened," he noted.

Zuhri also explained that PEP has a target to continue to increase production through operations that are supported by the synergy of all stakeholders.

Reporting by Afut Syafril Nursyirwan
Editing by Andi Abdussalam