PHR Achieves Significant Oil Production from Pinang East-2 Well

Success Follows Previous Well's Achievement

PT Pertamina Hulu Rokan (PHR) has reported a significant success in its oil production with the Pinang East-2 (Pinang-70) well achieving 2,648 barrels of oil per day (bopd). This follows the previous success of the Pinang East-1 well, which produced 2,350 bopd with 6% water cut from the Bekasap formation reservoir layer.

Notable Production Characteristics

The Pinang East-2 well's production is particularly noteworthy as it consists entirely of crude oil without any water or gas content. This clean production profile makes it an exceptionally valuable addition to PHR's production portfolio.

Industry Impact and Future Prospects

According to Andre Wijanarko, GM Zona Rokan, "This success not only increases national oil reserves and production but also provides significant optimism for Indonesia's oil and gas industry." The achievement demonstrates PHR's capability in exploration and production, potentially leading to further discoveries and development in the region.

Strategic Significance

The success of these consecutive wells indicates a promising trend for PHR's operations in the Rokan block. The company's ability to maintain high production rates with favorable characteristics (clean crude oil) positions it well for future growth and contribution to Indonesia's energy sector.