Pertamina EP: Production of 122,000 Barrels of First Semester

PT Pertamina EP record oil and condensate production in the first half of 2013 reached 122,000 barrels per day.
Vice President Exploitation Pertamina EP Herutama Trikoranto in Jakarta on Thursday, said that the production was slightly lower than the target of 123,000 barrels per day.
“We seek the achievement of the target in the second half. Fact, the production until the end of the year is optimistic of 127000-128000 barrels per day,” he said.
Appropriate work program and budget (work program and budget) 2013, Pertamina EP is targeted to produce 132,000 barrels of oil per day.
However, the figure has been revised to 123,000 barrels per day, as the national oil production target derived from the 900,000 to 840,000 barrels per day.
Heru said the achievement of production constraints in the first half mainly due to non-technical problems of land acquisition and licensing, especially in protected forests.
Meanwhile, the technical constraints such as delays in drilling due to “loss of circulation” and below the surface of the issues that make the production is not as expected.
As a result of these constraints, plans to increase production by 11,000 barrels in the first half of 2013, only reached 4,200 barrels per day.
In 2012, Pertamina EP recorded additional production up to 13,500 barrels of the target of 14,200 barrels per day.
“Last year was better, as it has not appeared nontechnical problems,” he said.
According to him, it will increase the re-work (work-over) to the production wells to avoid the constraints of the land acquisition and licensing.
“Work does not need to re-land acquisition and licensing,” he said.
Heru said it expects to produce in the second half to increase again to reach 4,000 barrels per day.

First semester of 2013, Pertamina EP Records Profit of Rp 10 Trillion

In the first half (I) 2013, PT Pertamina Exploration and Production (EP) posted a profit of Rp 10 trillion more. Targeted for this year, a subsidiary of state-owned PT Pertamina is able to reap a profit of Rp 18 trillion.
Public Relations Manager of PT Pertamina EP, Amperianto Agus told reporters in Jakarta, Saturday (3/8) night suggests, corporate profits optimistic embrace of it is based on the production performance of oil and gas corporation that produced it.
He said that the present level of oil production per day PT Pertamina EP reached 132 thousand barrels. The expected production rate constant and even increases with the exploration and discovery of new reserves by corporations. “In 2012, corporate profit reached Rp 21.5 trillion,” he said.
This year profit target of Rp 18 trillion does not mean a decrease compared to last year. Agus argues that profits surge last year in addition to the corporate consistency in producing oil and gas, as well as exchange rate differences and the rise in oil prices in the international market.
“Target profit last year (2012) amounted to Rp 17 trillion,” he added.
Most of PT Pertamina EP oil fields located in Sumatra, especially in Jambi, South Sumatra, North Sumatra, and Riau. Pertamina EP also has oil fields in West Java, Central Java and East Java.
“We’re also there is quite a large project in Central Java and East Java. BUT, it is where the gas production is later used to supply gas power plant Tambaklorok Semarang. If that was to be our gas production, is estimated to be saving USD 2 billion of fuel conversion used oil to gas power plant Tambaklorok Semarang, “he explained.
As a subsidiary of PT Pertamina engaged in the upstream oil and gas sector, according to Agus, operational and corporate performance requires the support of many parties, especially the government and society.
Oil theft cases in a massive scale in the pipeline Tempino-Plaju South Sumatra should not happen in other places. In the pipeline along the 265 kilometer (KM), he said, about 75% have been embedded in the ground at the depth of 1.5 meters to 2 meters.
“But, it remains stolen. Trick with building above the oil pipelines, oil pipelines and oil drilled and taken,” he said.