One Comment on “Oil Production”

1. Parvita says:
   December 20th, 2006 at 11:46 pm

   It is Andang Bachtiar, by the way, he was once the Association of Indonesian Geologists chairperson, not from ITB.

   I agree with Andang. What is important is to find new oil and gas pools, which means, exploration. Is the incentive currently is not attractive that contractors are reluctant to do exploration? The easy targets are all discovered, they need to be replaced by new findings, which are now mostly located in frontier areas, such as eastern Indonesia.

   There are now lots of new small companies around which are more aggressive in exploring. But there are also companies that acts like a broker and do not fulfill the contract given. BPMigas, or Migas, should know which one is serious and which one is not.

   Drilling 200 wells for exploration as Andang said, is impossible. If it is production wells, it might increase the production, but it will not replace what has been produced. More exploration should be done, terms of the PSC, TAC and JOB needs to be revisited and make a more attractive package. This discussion actually has been going on since the late 90s between the petroleum geologists. There should be a chart of how many exploration wells has been drilled and which ones are the succcessful ones.

   As a geologist, I believe there are new hydrocarbon plays that are not tested yet. It is getting more challenging to find new oil and gas, maybe the regulations should be revisited and make it more attractive to invite investors to explore in this country.

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