Jakarta – Sunaryanto, the CEO of PT Pertamina Hulu Indonesia (PHI), presented the company's strategic steps to support national oil and gas production targets. Sunaryanto delivered these strategies during the engaging discussion on oil and gas by PHI, abbreviated as BASO IGA PHI, held in Jakarta on Friday (15/06).

According to him, PHI is executing four primary strategies, namely continuing exploration and exploitation programs through the synergy of PHI subsidiaries (borderless operation), optimizing baselines and developments in step-out areas, maintaining the reliability of production facilities, and optimizing costs.

The CEO of PHI also discussed various challenges in managing the company's upstream oil and gas activities in operational areas in Kalimantan, such as mature oil fields and aging facilities that have been operational for an average of over 50 years, along with asset economics. "At PHI, we continue to innovate and apply technology to sustain production and manage the challenges of business and operations, aiming to deliver significant value to all stakeholders, including the government and the community," added Anto, Sunaryanto's familiar name.

He further noted that by the first quarter of 2024, PHI-Regional 3 Kalimantan successfully produced 611.2 million standard cubic feet of gas per day (MMSCFD) and 61.5 thousand barrels of oil per day (MBOPD). "We remain committed to ensuring the sustainability of the company's oil and gas production, which is crucial in supporting national energy resilience," concluded Anto.

BASO IGA PHI is a routine media engagement activity organized by the company to inform and discuss the developments in upstream oil and gas activities in Kalimantan. PHI operates in Kalimantan through subsidiaries such as PT Pertamina Hulu Mahakam (PHM), PT Pertamina Hulu Sanga Sanga (PHSS), PT Pertamina Hulu Kalimantan Timur (PHKT), and other entities including Pertamina EP Sangatta Field, Sangasanga Field, Tanjung Field, Tarakan Field, and Bunyu Field.

During the same event, PHI's Senior Manager Relations, Handri Ramdhani, explained that the company consistently collaborates with the government and relevant stakeholders to maintain the economic level and productivity of oil and gas fields. "We hope that the company's presence will continue to have a multiplier effect on the community and other industries, including supplying gas to Pupuk Kaltim, PLN Bontang and PLN Tanjung Batu, Jargas Bontang, and Jargas Kutai Kartanegara," Handri emphasized.

The BASO IGA PHI initiative was initiated in 2021 and serves as a platform for the company to communicate with the media. In 2023, the BASO IGA PHI program received the Silver Award in the Media Relations Award from the Union of Company Press (SPS) under the Media Special Program category.

PT Pertamina Hulu Indonesia (PHI) is a part of the Upstream Subholding of Pertamina, managing upstream oil and gas operations by Environmental, Social, and Governance (ESG) principles in Regional 3 Kalimantan. In 2023, through subsidiaries and affiliates collaborating with SKK Migas, PHI recorded oil production of 62.17 thousand barrels per day (MBOPD) and gas production of 710 million standard cubic feet per day (MMSCFD). In pursuit of its vision to become a world-class oil and gas company, PHI continues to innovate and apply technology to produce safe, efficient, reliable, compliant, and environmentally friendly energy to support #EnergiKalimantanUntukIndonesia. PHI's headquarters is in Jakarta. More information about PHI is available at https://phi.pertamina.com.