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ASEAN 2022
Part 34: Indonesia | Petroliam Nasional Bhd's (Petronas)
Petronas achieves first hydrocarbon from Bukit Tua Phase-2B project in Indonesia
Adam Aziz April 14, 2022 18:28 pm +08

KUALA LUMPUR (April 14): Petroliam Nasional Bhd's (Petronas) unit PC Ketapang II Ltd (PCK2L) has achieved first hydrocarbon in Bukit Tua Phase-2B’s BTJTB-T2 well, located within the Ketapang Block, offshore East Java, Indonesia.

Petronas is the operator of the Ketapang Block with 80% participating interest through PCK2L and Petronas Carigali (Ketapang) Ltd. The remaining 20% is held by PT Saka Ketapang Perdana.

“This milestone is part of the fourth development project after Bukit Tua Phase 1, Phase 2A and Phase 3,” said Petronas in a statement on Thursday (April 14).

“The project aims to produce 12,500 barrels of oil equivalent (boe) per day, and 30 million standard cubic feet (mmscf) of gas per day through five development wells,” it said.

The BTJTB-T2 well was spudded on Sept 30, 2021, and drilled with a target depth of 1,890m.

“As a progressive energy and solutions partner, this achievement demonstrates our commitment to deliver a safe and reliable supply of energy to Indonesia," Petronas executive vice-president and chief executive officer of upstream Adif Zulkifli said.

“The Bukit Tua Phase-2B project's first hydrocarbon will play an important role in contributing to Indonesia's target to achieve one million barrels of oil per day by 2030,” he added.

In offshore East Java, Petronas is also the operator in the North Madura II PSC. Across Indonesia, the national oil firm is also a joint venture partner in six other blocks located both onshore and offshore in Sumatera, Natuna Sea, as well as West Papua.

https://www.theedgemarkets.com/artic...ject-indonesia