Indonesian national oil company Pertamina is aiming to significantly boost production at the country’s second largest oil producing block, named Rokan, which it acquired from Chevron in August.
Pertamina Hulu Rokan (PHR) president director Jafree Arizon Suhardin recently said the company has added 121 new wells after managing the Rokan Block for four and a half months. “There are 80 active fields in Rokan Block with a production of 162,000 bpd,” he said on 21 December 2021.
Pertamina Hulu Rokan is optimistic that it will be able to meet the production target of 180,000 barrels per day (bpd) in 2022 and 300,000 bpd in 2025.
Pertmina said in October that it plans to invest $3 billion in the giant Rokan Block over the next five years in an effort to maintain upstream production after taking over operatorship from Chevron.
The $3 billion investment plan is higher than the initial plan of $2 billion, and will be used to finance a five-year programme to maintain production at the Rokan Block, the second largest oil producing block in Indonesia.