Pertamina Hulu Discovers Significant Oil and Gas Reserves in East Kalimantan

Major Offshore Discovery

PT Pertamina Hulu Energi (PHE) and its affiliate PT Pertamina Hulu Mahakam (PHM) have successfully discovered new oil and gas reserves at the Metulang Deep (MDP)-1x exploration well located in the offshore South Mahakam area of East Kalimantan. This significant discovery is the result of PHE's strategic focus on Near Field Exploration, which aims to quickly bring new reserves into production by leveraging existing infrastructure in mature fields.

Exploration Strategy and Execution

The discovery was made possible through the application of new exploration play concepts in an area that was previously considered mature. Muharram Jaya Panguriseng, Director of Exploration at PHE, highlighted that this achievement demonstrates the effectiveness of the company's exploration strategy and the dedication of its team. The Metulang Deep well represents a critical step in maximizing the potential of existing fields while exploring new opportunities in known areas.

Impact and Future Plans

This discovery is expected to contribute positively to Indonesia's energy security by bringing new reserves online more quickly than traditional exploration methods. The use of nearby mature fields to facilitate production underscores PHE's commitment to optimizing existing infrastructure while pursuing new exploration opportunities. As Indonesia continues to balance energy demands with production capabilities, discoveries like Metulang Deep will play a crucial role in the country's energy landscape.