Yogyakarta — As many as fifty upstream oil and gas projects are targeted to start production (onstream) in the next ten years (2018-2027). These projects have a total production capacity of 84,700 barrels per day (bpd) for crude oil and 6,100 million standard cubic feet per day (MMscfd) for natural gas.

 

“The support of all stakeholders is needed so that these projects can commence their production phase on time and generate contribution to the national oil and gas production,” Chairman of SKK Migas, Amien Sunaryadi conveyed in the Oil and Gas Production Facility Forum 2018 (FFPM 2018) on Wednesday, 25 April 2018 in Yogyakarta.

 

The upstream oil and gas projects consist of twenty onshore projects and thirty offshore projects.  The total investment for these projects is projected to exceed US $ 11.93 billion or around Rp 160 trillion. This value does not include investment in the deepwater gas project in Abadi Field (Masela Block) and Gehem and Gendalo Fields (Indonesia Deepwater Development Project) which is in the process of completion of the Plan of Development (POD).

 

“The investment will not only circulate in upstream oil and gas sector, but will also create a multiplier effect which can drive the national economy,” Amien stated in front of about 450 FFPM 2018 participants consisting of practitioners in the upstream oil and gas industry, especially professionals engaged in the field of design, project management and maintenance of oil and gas production facilities.