Kutai Kertanegara - PT Pertamina Hulu Indonesia (PHI), through its subsidiaries and affiliates in Zone 9, has drilled a new well NKL-1156B/LMP-8020, which is an intersection area between the NKL Field (North Kutai Lama), which is included in the Working Area (WK) Pertamina EP (PEP) and the Lempake Field which are in PT Pertamina Hulu Sanga Sanga (PHSS) CA. Drilling wells in Zone 9 were carried out on Monday (31/07).

This new well drilling activity is a follow-up to the signing of the Borderless Phase 1 Joint Operation Agreement (JOA) between PT Pertamina EP (PEP) and PT Pertamina Hulu Sanga Sanga (PHSS). The two CAs are in Zone 9, one of the zones under Pertamina Upstream Regional 3 Kalimantan, which PHI leads.

Zone 9 General Manager Andre Wijanarko explained that by the established JOA, work on the NKL-1156B/LMP-8020 well at a depth of 0-1,902 meters (mTVDSS) will be managed by PEP while at depths of more than 1,902 mTVDSS will be managed by PHSS.

"The drilled well NKL-1156B/LMP-8020 is the Company's effort to continue to optimize the management of oil and gas working areas, especially those that overlap so that they can provide good value to all stakeholders," explained Andre.

Andre added that this well is one of 5 borderless development wells that will be carried out by PEP and PHSS in 2023. Andre also hopes that the results of drilling new wells can contribute to maintaining national energy security.

President Director of PT Pertamina Hulu Indonesia (PHI) John Anis explained that the company is implementing strategic steps to maintain the economics of its oil and gas projects to generate significant value for shareholders, the government and all stakeholders.

According to John Anis, the company implements a borderless strategy in managing overlapping oil and gas work areas to generate significant added value for all stakeholders.

John Anis added that until 2027, the company plans to drill 20 development wells and 1 exploration well and work 59 workover wells in the PEP CA and PHSS CA areas as part of the agreed Borderless JOA.

"We implement synergies between Pertamina's subsidiaries to support cost optimization and create added value in managing the Company's oil and gas operations and business," he concluded.

PT Pertamina Hulu Indonesia (PHI) is part of Pertamina's Upstream Subholding, which manages upstream oil and gas operations and business according to ESG (Environment, Social, Governance) principles in Regional 3 Kalimantan. In 2022, through its subsidiaries and affiliates, PHI recorded oil production of 57.8 thousand barrels of oil per day (MBOPD) and gas production of 668.3 million standard cubic feet of gas per day (MMSCFD). In achieving its vision of becoming a world-class oil and gas company, PHI continues to carry out various innovations and technological applications in producing safe, efficient, reliable, compliant and environmentally friendly energy to support #EnergiKalimantanForIndonesia. PHI is headquartered in Jakarta. Further information about PHI is available at https://phi.pertamina.com.