Rokan Oil Block Remains Mainstay of Indonesia’s 1 Million BPD Target

JAKARTA, KOMPAS.com – Rokan Oil and Gas Working Area on Indonesia’s Sumatera island has large potential reserves to contribute to the national production target of one million barrels per day (bpd) and 12 billion cubic feet of gas per day (bscfd) by 2030.

Known as one of Indonesia’s largest oil blocks, Rokan will be managed by PT Pertamina Hulu Rokan, a subsidiary of Indonesian oil and gas company PT Pertamina. The operation of Rokan will be transferred to Pertamina as Chevron’s contract expires in August 2021.

Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) advisor Satya Widya Yudha said the potential oil reserves from the Rokan oil block is estimated to be at two billion barrels.

Also read: Indonesia Aims to Reach Upstream Oil and Gas Sector Target Next Year

“By looking at its existing potential, the Rokan Working Area will remain the backbone of national oil and gas production for a long time, through the existing fields, field optimization, optimization of the waterflood method, steam flood, and chemical EOR [enhanced oil recovery],” said Satya in a statement on Tuesday, November 24.

With such an opportunity, SKK Migas is trying to make the transition period until 2021 run smoothly. This does not only include a transition related to production operations, but also other crucial matters such as land-related permits.

Meanwhile, Didik S Setyadi, head of the Formalities Working Group of SKK Migas, suggested the permits be still attached to the old operator.

Also read: Indonesia Must Be Ready for Risk to Boost Oil to 1 Million BPD

“Through the ODSP [One Door Service Policy], SKK Migas and CPI [PT Chevron Pacific Indonesia] will resolve the incomplete permits." 

“This aims to continue the operations while we are waiting for the new operator to come. The list of permits required by CPI must be final by November 26, 2020,” he said.

(Editor: Bambang P. Jatmiko)

Source: https://money.kompas.com/read/2020/11/24/151846926/wk-rokan-masih-jadi-andalan-untuk-capai-produksi-migas-nasional-1-juta-barrel.