Executive Summary

Key insights and market outlook

PT Pertamina (Persero) has discovered a 724 million barrel non-conventional oil reserve in the Rokan Block, marking its largest discovery in the last decade ¹

³. The state-owned energy company plans to develop this reserve using advanced technology from the United States. This significant find is part of Pertamina's broader strategy to boost oil production through new drilling, reactivation of old wells, and development of 23 new fields identified across Indonesia ²⁴.

Full Analysis

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Deep Dive Analysis

Pertamina Makes Significant Oil Discovery in Rokan Block

Largest Find in a Decade Boosts Production Hopes

PT Pertamina (Persero), Indonesia's state-owned oil and gas company, has made a substantial discovery of 724 million barrels of non-conventional oil reserves in the Rokan Block ¹

³. This find represents the company's largest discovery in the last ten years, potentially transforming Indonesia's oil production landscape.

Development Plans and Technology Partnerships

Pertamina is collaborating with US technology firms to maximize the extraction from this new reserve ¹

. The company is implementing a comprehensive strategy that includes drilling new wells, reactivating existing ones, and developing new fields. Specifically, Pertamina plans to conduct 4,000 development wells drilling and 4,300 well reactivations as part of its production enhancement efforts ².

Broader Production Enhancement Strategy

This discovery is part of Pertamina's larger initiative to boost national oil production. The company has identified 23 new oil and gas fields that are being prepared for development ²

⁴. These new fields are crucial for maintaining Indonesia's energy security and reducing the natural decline rate of existing production, currently between 21-24% annually ².

Implications for Indonesia's Energy Sector

The discovery in the Rokan Block is particularly significant as it demonstrates Indonesia's potential for further major oil discoveries. According to Pertamina's management, this find comes from a single structure, suggesting that other untapped reserves may exist in the region ³

.

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