Illustration of an offshore oil rig (Shutterstock/File)
The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) has said initial tests have shown great potential for oil and gas resources.
SKK Migas program and communication division head Wisnu Prabawa Taher said SKK Migas had conducted initial tests on the potential of oil and gas reserves. “The result is good, but we have not come to a conclusion,” he said as reported by kontan.co.id on Sunday.
The 10 areas that underwent tests were Mesozoic Play in North Sumatra, Basin Center in central Sumatra, Fractured Basement Play in South Sumatra, Offshore Tarakan in North Kalimantan, NE Java-Makassar Strait, Kutai Offshore, Buton Offshore, Northern Papua (Plio-Pleistocene and Miocene Sandtone Play), Bird Body Papua (Jurassic Sandstone Play) and Warim Papua.
Wisnu said Kalimantan had shown the most potential.
SKK Migas, in cooperation with Caelus Energy, has started drilling Bella-3 well.
Caelus plans to carry out 1,100-meter-deep drilling in Bella-3 well, which was expected to be completed within one month.
He said the exploration drilling was needed to meet increased energy demands.
“We hope all relevant parties will support the exploration conducted by Caelus Energy South Bengara II Pte Ltd,” he added.
SSK Migas also said Sakakemang block in Banyuasian, South Sumatra, was projected to have oil and gas reserve of 2 trillion fed (TCF).
SKK Migas notes Indonesia has 128 basins, 54 of which have been explored and exploited. Indonesia currently has oil proven reserves of 3.2 billion barrel and proven gas reserves of 100 TCF.