Facing Triple Shock, Pertamina Continues the Strategic Project for Future National Energy
Jakarta, November 1, 2020 – PT Pertamina (Persero) ensure that the strategic project investment carried out by all business lines continue to run for future national energy security and independence.
Vice President of Corporate Communication of Pertamina, Fajriyah Usman, explained that even though Pertamina is faced with triple shock during the Covid-19 pandemic resulting in problems in the field, Pertamina is committed to carrying out the strategic projects that are useful to maintain the oil and gas production as well as national energy product in the next few years.
Several strategic projects in the upstream areas added Fajriyah, such as Jambaran-Tiung Biru Project managed by PT Pertamina EP Cepu, continue to run. A rigless perforation has been successfully carried out with the Smart Coiled Tubing Unit in Jambaran East, and two wells have been drilled in Jambaran Central.
"This project will produce gas from the Jambaran-Tiung Biru unitization field with an average gas sales production of 192 MMSCFD with onstream gas targets in 2021," she said.
Also, activities off the north coast of West Java carried out by PHE ONWJ are continuing. After completing the KLD-1 well drilling, the KLD ONWJ development project is currently entering the KLD-3 well drilling stage. This project is targeted to contribute to additional reserves and production by December 2020.
In other business sectors, added Fajriyah, Pertamina also continues to realize the development and construction of refineries managed by PT Kilang Pertamina Internasional (KPI). One of them is the Balikpapan and Lawe-lawe RDMP projects, one of Pertamina's largest projects with a value of USD 6.5 billion. This project will increase refinery capacity, improve product quality, and reduce the cost of production of fuel, which will boost foreign exchange and tax revenue.
"Currently, the Balikpapan RDMP project has reached 22.26% as of October 22, 2020, running with strict health protocols, as well as supporting the economic recovery program because it absorbs more than 5,000 workers," she explained.
Also, to ensure the availability of reliable storage and distribution facilities in the future, Pertamina continues to carry out storage tank infrastructure projects both at the Fuel Terminal, LPG Terminal and at the DPPU, maintaining 280 vessels.
Apart from investing, added Fajriyah, Pertamina, also ensures that project implementation in 2020 meets the provisions for using the Domestic Component Level (TKDN). Until the first semester of 2020, Pertamina's TKDN average reached 54 percent. Pertamina's consistency in strengthening domestic components is believed to strengthen the national industry, create jobs, and reduce dependence on imported products so that they can move the the national economy.
"As a state-owned oil and gas company, Pertamina continues to carry out business and projects following the direction of the Government. In this case, the Ministry of SOE and the Ministry of Energy and Mineral Resources, namely pursuing the future of energy as well as driving the national economy by optimizing the use of domestic resources," she concluded.