Pertamina EP meanwhile has finished work over on 52 wells.Jakarta (ANTARA News) - PT Pertamina EP, the upstream business unit of state-owned oil and gas company PT Pertamina, books a net profit of Rp14.3 trillion from January to September this year, according to company public relations manager Agus Amperianto.
He said here on Sunday the profit was driven production of oil and gas which until September 2012 respectively reached 127,900 barrels and 1,048.9 million cubic feet (MMSCFD) a day.
"The performance in the third quarter this year is better than in the same period last year," he added.
He said the net profit from January to September 2012 was higher than that of the same period last year which was recorded at Rp11.8 trillion.
Oil and gas production for the period were also higher than in the same period last year recorded at 125,100 barrels a day and 1,027.6 MMSCFD respectively.
Agus said efforts to optimize production until September 2012 include drilling 84 exploitation wells and 13 others.
He said Pertamina EP meanwhile has finished work over on 52 wells and is now still working on three others.
With regard to finding new oil and gas fields the company until September 2012 has conducted a three-dimensional seismic survey on a 2,027 square kilometer land and a two-dimensional survey on a 538 square kilometers, he said.
It is also finishing exploration drilling on 18 wells consisting of six wildcats and 12 delineations, he added.
"Right now we are still in the process of conducting drilling on three wildcat, two delineation and one twin wells, Agus said.
He said Pertamina EP has also taken various efforts to accelerate production including optimizing existing assets, developing new fields and conducting work over on old wells.
Apart from that it would also reactivate old wells, conduct enhanced oil recovery and put on production explorations.
(T.K007/Uu.H-YH/A014)
Editor: Priyambodo RH
Copyright © ANTARA 2012
