Indonesia Expects Higher Oil, Gas Output from Aging Fields

Indonesia is expected to see drilling of 1,178 development wells this year by oil and gas contractors which are likely to produce 75,044 bpd of oil and 587 million metric standard cubic feet per day [mmscfd] of natural gas by the end of this year from mature fields, SKKMigas head, Rudi Rubiandini said. 

In addition, the agency also aimed to implement work-over campaigns and well services on at least 1,904 existing oil fields in the country, which is expected to boost oil output by 46,647 bpd and gas output by 351 mmscfd, The Jakarta Post said. 

All the projects would contribute 14 percent to Indonesia’s overall oil production target and 11 percent to its projected gas output this year, the newspaper quoted Rubiandini as saying. 

Last year, the country drilled as many as 119 exploration wells, the highest amount of explorations in Indonesia in the past 10 years, according to SKKMigas. Of those 119 wells, 52 were reported to possess total reserves of 541 million barrels of oil as well as 5.4 trillion cubic feet of gas, The Jakarta Post said.