Business News

Pertamina Prepares US$2 Billion To Manage Rokan Block
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).

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.

The drilling activity will also be supported by the preparation of an additional 10 drilling rigs, so that a total of 16 drilling rigs are available, as well as 29 rigs for work over & well service activities which are mirroring of the previous contract.

Project Value: US$2 billion

Project Schedule : 2021