Govt Urges Action on Idle Oil and Gas Blocks

The Ministry of Energy and Mineral Resources (ESDM) persists in urging KKKS to promptly develop idle oil and gas Working Areas (WK). If unable to proceed, the government requests that these areas be returned to state control.

Stepanus I Nyoman A. Wahyudi

8 Jul 2024 - 17.33
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Govt Urges Action on Idle Oil and Gas Blocks

West Ganal, an oil and gas block in East Kalimantan operated by Eni/Dok. Neptune Energy

Bisnis, JAKARTA — The government is actively exploring methods to enhance national oil and gas production, which has been challenging to stimulate. One strategy involves optimizing potential sources like idle wells and abandoned oil and gas blocks.

In the initial phase, the Ministry of Energy and Mineral Resources (ESDM) has commenced inventorying segments of potential oil and gas Working Areas (WK) that are currently inactive from cooperation contract contractors (KKKS). The aim is to reinvigorate these areas for optimal utilization.

Furthermore, the government remains committed to achieving its ambitious production targets of 1 million barrels of oil per day (bopd) and 12 billion standard cubic feet of gas per day (Bscfd) by 2030. To achieve this goal, intensive efforts and strategies are being implemented to stimulate investment and increase production in the upstream oil and gas sector.

Director of Upstream Oil and Gas Development at the Ministry of ESDM Ariana Soemanto emphasized that the ministry persists in urging KKKS to promptly develop idle oil and gas Working Areas (WK). If unable to proceed, the government requests that these areas be returned to state control.

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.