Business News

Rokan Block Development Until 2025
Project Owner : PT Pertamina (Persero)

Description : PT Pertamina (Persero) has prepared a budget of more than US$2 billion as an investment to develop the Rokan Block until 2025.

As is known, through its subsidiary, PT Pertamina Hulu Rokan (PHR), the company officially took over the management of the Rokan Block from Chevron Pacific Indonesia (CPI).

Pertamina will also continue the programs that have been running so far, including the use of enhanced oil recovery (EOR) which has supported oil and gas production in the working area.

In the period August-December 2021, PHR plans to drill 161 new wells, including the remaining wells from the previous operator commitment. For 2022, PHR is also planned to add about 500 wells to drill more wells.

To note, the Rokan Block's average production at the end of July 2021 is around 160,500 barrels of oil per day and 41 million cubic feet of gas per day.

Project Value: US$2 billion

Project Schedule : 2021 s/d 2025