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PHE Reports Oil and Gas Production Rise

TEMPO.COJakarta - PT Pertamina Hulu Energi (PHE), a subsidiary of state-owned oil and gas company PT Pertamina reported a rise in the production of oil and natural gas by 14 percent on average foe one decade from 2008 until first semester this year.

PHE President Director Gunung Sardjono Hadi in his written statement on Saturday said that the company’s oil and gas production in 2008 reached 62 million barrels of oil equivalent per day (boepd), while it reached 199 million boped in the first semester this year.

The rise was sustained by the operation of a number of new blocks such as Offshore North West Java (ONWJ), West Madura Offshore (WMO), North Sumatera Offshore (NSO) and on stream of several projects such as ONWJ ground GG and Senoro Toili, Gunung said.

Gunung added that the company’s highest production in the past one decade came from production of gas that posted a rise by 18 percent on average. Gas production in 2008 reached only 163 million cubic feet of gas per day (MMSCFD), while in the first semester this year, it reached 742 MMSCFD.

In the meantime, oil production rose by 9 percent on average from 34 million barrel oil per day (MBOPD) in 2008 into 71 MBOPD in the period of January – Juni 2017.

MENTARI DG | ANTARA