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Information Media

19

Jan

PT Pertamina Hulu Indonesia Prepares a Strategy to Face Business and Operating Challenges in 2023

PT Pertamina Hulu Indonesia Prepares a Strategy to Face Business and Operating Challenges in 2023

Jakarta - On the occasion of engagement and discussions with editors and the chief national media editor (17/01).  Mr Dony Indrawan, the Communication Relations & CID Manager, stated that in 2022, PT Pertamina Hulu Indonesia (PHI) overcame challenges and achieved positive performance with various proud achievements.

"Alhamdulillah, in 2022, PHI recorded gas production of 668.3 MMSCFD and oil production of 57.8 MBOPD. This achievement significantly contributes to national oil and gas production of 626 MBOPD for oil and 5,572 MMSCFD for gas." 

Dony emphasized the Company's high commitment to always putting occupational safety as the top priority in every oil and gas operation activity is shown by the superior performance of HSSE. Where PHI managed to maintain zero fatality, TRIR was below the target and achieved 123.1 million safe working hours.

"The Company continues to strive with a variety of innovations and technologies to maintain and increase production, as well as to contain the rate of decline in natural production. To make this happen, the Company continues to invest in drilling exploration and exploitation wells. In 2022, we have succeeded in realizing the drilling of 163 exploitation wells and 4 exploration wells," said Dony.

PHI's strategic steps to run environmentally friendly and sustainable oil and gas operations, accompanied by the implementation of innovative community development programs, have succeeded in gaining recognition from the government through the Ministry of Environment and Forestry (KLHK) by winning the highest PROPER rating awards, namely gold for four PHI oil and gas fields and five green titles for five PHI oil and gas fields in Kalimantan.

"PHI has prepared a strategy to face the operational challenges and dynamics of the upstream oil and gas business in 2023 and the following years. Furthermore, PHI set an aggressive 2023 target as part of our commitment to support the achievement of the national production target, namely oil production of 63.4 MBOPD and gas production of 668.5 MMSCFD. We also set a drilling target with a higher number than 2022, namely 198 development/exploitation wells, 5 exploration wells, and 337 workovers," he explained. 

PHI takes strategic steps related to portfolio optimization in exploration, development, production optimization, and operation synergy activities, as well as efforts to maintain the reliability of production facilities to achieve the Company's targets. The Company also encourages the implementation of appropriate digitalization to improve collaboration, business, and innovation to realize efficient and agile oil and gas operations.

Facing 2023, the Company is preparing various strategies, including aggressive exploration activities to find new resources, baseline optimization and development to increase production, increasing synergy and procurement with Pertamina group entities, and evaluating and optimizing portfolio assets.

"We believe that the sustainability of the Company's oil and gas operations and business plays an important role in supporting the sustainability of national energy supply and Indonesia's economic development. We are also committed to applying ESG (Environment, Social, Governance) principles in every Company's oil and gas operations and business so that it is able to produce sustainable energy for Indonesia and support Pertamina's strategy for zero emissions," said Dony.

Dony said all these achievements resulted from the hard work of all PHI Officers and the support of all stakeholders. "Thank you for the support and cooperation of the media so far so that PHI can provide better and more effective about companies and the upstream oil and gas industry," concluded Dony. 

PT Pertamina Hulu Indonesia (PHI) is part of Pertamina's Upstream Subholding that manages upstream oil and gas operations and business by ESG (Environment, Social, Governance) principles in Regional 3 Kalimantan. In 2022, through its subsidiaries and affiliates, PHI produced an average 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 #EnergiKalimantanUntukIndonesia. PHI is headquartered in Jakarta. More information about PHI is available at https://phi.pertamina.com. 

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