Pertamina starts overseas production


Taken from the Jakarta Post, dateline 2010-08-04:

State oil and gas firm PT Pertamina expects to double production at a Malaysian oil block, the company’s first overseas operation, to 12,000 barrels per day next year.

Dwi Martono, president director of PT Pertamina Hulu Energi, Pertamina’s subsidiary managing overseas operations, said the SK-305 block, which lies off the shores of Sarawak in Malaysia, began production on June 26, 2010.

“The current oil production rate is 6,000 bpd, but we expect to increase that to 12,000 bpd in 2011,” Dwi told reporters Tuesday.

He said the block also produced gas at a rate of 9 million standard cubic feet per day.

The gas production has the potential to increase to 40 MMSCFD, but Dwi said the current focus was to boost oil production.

Dwi said the SK-305 block was a major accomplishment in Pertamina’s history as it was the first up-and-running overseas block that the company had been involved in from the get go. “This is a milestone for us,” he said. The block, which covers 16,400 square kilometers, is located in waters up to 150 meters deep in Balingian Province off the coast of Sarawak.

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