The realization of transported production or national oil and gas lifting during the first quarter of 2022 is still below the target. This was conveyed by the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas).
The reason for the unfulfilled target was conveyed by the Head of SKK Migas Dwi Soetjipto. He said this was due to the inherent impact of the pandemic and several unplanned shutdowns throughout 2021.
“Our production and lifting are still constrained, especially the very low entry point in early 2022 because the impact of the pandemic in the first quarter we lost there around 20,000 barrels per day [bpd] then mostly the impact of an unplanned shutdown,” said Dwi during a press conference. Upstream Oil and Gas Performance in the First Quarter of 2022, Friday (22/4/2022).
Based on SKK Oil and Gas records during the first quarter of 2022, the realization of oil lifting reached 611,700 BPD or lower than the target set in the 2022 State Budget (APBN) of 703,000 BPD.
In addition, the realization of gas lifting during the first quarter of this year was at 5,321 standard cubic feet per day (MMSCFD) or lower than the government’s target of 5,800 MMSCFD.
In early January 2021, Dwi said that the realization of oil production had been at 687,000 BOPD, which later declined to 653,000 BOPD in June 2021.
During the semester I/2021, there were a number of unplanned shutdowns, such as at Husky-CNOOCK Madura Limited (HCML) and Medco Natuna. Meanwhile, Pertamina Hulu Energi Offshore North West Java (PHE ONWJ) experienced a pipe leak in May 2021.
Furthermore, in the fourth quarter of 2021, the operation stopped again at PHE ONWJ, followed by PT Pertamina Hulu Rokan (PHR) and Exxon Mobil Cepu Limited (EMCL) due to power failures. The cessation of the operations of the three major contractors had a serious impact on the oil production score in January 2022, which fell to 616,000 BOPD.
Meanwhile, the reserve replacement ratio (RRR) is at 265.1 million barrels of oil equivalent (MMBOE), or 42 percent of this year’s target of 635 MMBOE.
“February and March have started to improve again, but unfortunately last week there was a problem at EMCL the pipe was bent because there was a landslide, fearing there were more dangerous things, we stopped, we lost around 11,000 productions in Cepu,” he said.
