Jakarta (Platts)--29Nov2012/432 am EST/932 GMT
Pertamina Hulu Energi, a subsidiary of Indonesia's state-owned oil and gas company Pertamina, has discovered more oil and gas in the West Madura Offshore block in East Java, a senior official said Thursday.Article continues below...Request a free trial of: Oilgram NewsOilgram News brings fast-breaking global petroleum and gas news to your desktop every day. Our extensive global network of correspondents report on supply and demand trends, corporate news, government actions, exploration, technology, and much more.
Pertamina Hulu Energi, a subsidiary of Indonesia's state-owned oil and gas company Pertamina, has discovered more oil and gas in the West Madura Offshore block in East Java, a senior official said Thursday.
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The most recently drilled KE48-1 exploration well flowed at a rate of 1,650 b/d of oil and 13 Mcf/d of gas, said PHE president director Salis Aprilian. "PHE has drilled four exploration wells in the WMO block in 2012 and found reserves in all of them. We are still calculating an estimate for the oil and gas reserves," Aprilian said. The WMO block currently produces about 15,000 b/d of oil, with output expected to increase to about 20,000-22,000 b/d next year, he said, adding that current gas production at the block is about 160 Mcf/d. Indonesia is now expected to produce 870,400 b/d of crude oil in 2012, below the country's output target of 930,000 b/d, due to ageing fields and unexpected technical problems, Platts reported last month citing upstream regulator BPMigas. --Anita Nugraha, newsdesk@platts.com --Edited by Deepa Vijiyasingam, deepa_vijiyasingam@platts.com
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