JAKARTA (RambuEnergy.com) – State-owned energy company PT Pertamina today (Aug. 8) officially takes over the operatorship right of Sanga-Sanga Working Area from VICO Indonesia.
In a ceremony in Kutai Kartanegara, East Kalimantan, VICO Indonesia handed over Sanga-Sanga block to the Special Task Force for Upstream Oil and Gas (SKK Migas), representing the government. Then, SKK Migas handed over the operatorship right of the block to Pertamina, the operator of the block.
Pertamina was represented by SVP Upstream Strategic Planning Portfolio and Operation Meidawati. Sanga-Sanga Block is located in Kuta Kartanegara Regency in East Kalimantan.
The government on April 18, 2018 announced that the block would be handed over to Pertamina.
The Head of SKK Migas Amien Sunaryadi said the new operator will have a challenge to maintain the production as part of the government’s drive to improve national energy security. He also appreciated VICO Indonesia, which has in the past developed the block, and played its part to contribute to the national energy production.
Sanga-Sanga Block currently produced condensate 9,844 barrels of oil per day and gas 74 million standard cubic feet per day (MMSFD). SVP Upstream Strategic Planning, Portfolio & Evaluation
“We will maintain production as a form of Pertamina’s commitment to respond to the government’s mandate given to Pertamina. In operating the block, Sanga-Sanga block will be integrated with other Pertamina’s fields around the area such as Pertamina EP and Mahakam Block, therefore it will be more efficient,”
Sanga-Sanga Block will be operated by a subsidiary of Pertamina, Pertamina Hulu Sanga-Sanga. Amien said the block still has proven reserves of 122.21 billion standard cubic feet of gas. This year, the block is expected to produce 10,753 bopd and gas 81 MMSCFD. (*)