SKK Migas Targets 33 Oil and Gas Projects to be Onstream by 2027

OIL AND GAS - JAKARTA. The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) is targeting 33 oil and gas projects to go onstream (start producing) in Indonesia from this year until 2027. These 33 onstream projects will contribute to achieving the production target of 1 million barrels of oil per day and 12 BSCFD of gas by 2030.

"For the future, what potentials we estimate can boost oil and gas production in Indonesia, both in terms of oil and gas," said the Head of SKK Migas, Dwi Soetjipto, in a Hearing with the Commission VIII of the DPR, Wednesday (13/3).

He stated that SKK Migas will continue to maintain oil and gas production by relying on the remaining reserves from currently active fields.

Previously, according to KONTAN's records, SKK Migas targeted 15 oil and gas projects to be completed onstream this year. The presence of these 15 oil and gas projects will increase national oil and gas production with an additional production of 41,922 barrels per day (BOPD) and 324 million standard cubic feet per day (MMSCFD) with a capex of US$ 560.1 million.

As an illustration, these 15 oil and gas projects include three projects owned by Pertamina Hulu Mahakam (PHM), namely Peciko 8B (16 MMSCFD), Bekapal Artficial Lift (12 MMSCFD) and SWPG Debottlenecking (8 MMSCFD). These three projects are targeted to be onstream in March 2024.

Next, the CO2 and DHU Karang Baru Field Development (5 MMSCFD) owned by Pertamina EP, which will be onstream in April 2024, Flowline ASDJ-116X (94 BOPD) owned by PHE Ogan Kemering, which is targeted to be onstream in April 2024. Then, the Akatara Gas Plant (25 MMSCFD) owned by Jadestone Energy, which will be onstream in April 2024.

Then, the South Sembakung Compressor Facility project (22.5 MMSCFD) owned by JOB PMEP Simenggaris with a target to be onstream in May 2024, the OPL E-Main Project (128 BOPD) owned by PHE ONWJ, which will be onstream in June 2024, the Duyung Facility Optimization Project (40 MMSCFD) with operator Medco Grissik, targeted to be onstream in July 2024.

Followed by, the West Belut project (50 MMSCFD) owned by Medco Natuna, targeted to be onstream in August 2024, the SP Puspa Asri Project (600 BOPD) owned by Pertamina EP, which will be onstream in October 2024, and the Merbau Compressor Project (8 MMSCFD) targeted to be onstream in November 2024.

SKK Migas recorded that 6 oil and gas projects were completed in 2023. The presence of these projects successfully increased the national upstream oil and gas production capacity by 4,900 BOPD and 306 MMSCFD with a capex of US$ 329.4 million.

The six upstream oil and gas projects consist of the GBFCP Project owned by Premier Oil, which went onstream on July 6, 2023, with a capacity of 117 MMSCFD, the LTRO 1B Project owned by Medco Grissik with a capacity of 52 MMSCFD, which went onstream on July 28, 2023.

Next, the YY Project (Continuation/carried over 2022) owned by PHE ONWJ with a capacity of 2000 BOPD and 1 MMSCFD, which went onstream on August 9, 2023, and the MAC Project, which is a carried over from 2022 owned by HCML with a capacity of 55 MMSCFD, which went onstream on September 5, 2023.

Then, two other projects, namely SP Jatiasri owned by Pertamina EP with a capacity of 2,900 BOPD and 16 MMSCFD, which went onstream on September 13, 2023, and the OPL Bronang Gas Project by Medco Natuna with a production of 65 MMSCFD, which went onstream on September 13, 2023, and the AFCP Premier Ol with potential gas (117 MMSCFD).

Meanwhile, in 2025, based on data as of February 6, 2024, there are plans to onstream six projects, namely Terubuk (oil), Wilele (oil and gas), Merakes East (oil and gas), XO-OX (oil), LTRO-18 (gas), Suban Revamping (gas).

Next in 2026, there are seven projects, among others, the commercialization of onstream POD-gas projects Banyu Urip (oil), Ande-ande Lumut (oil), Tambakboyo (oil), Ubadari (oil and gas), Mako (gas), Wasambo (gas), Manpatu (gas).

In 2027, there are onstream POD Geng North-Gehem (oil and gas), Hidayah (oil), Anambas (oil and gas), Langsa (oil and gas), Gendalogandang (oil and gas).

"For gas, it is more visible because the reserves are large and there are also other potentials," concluded Dwi.