PT Chevron Pacific Indonesia, unit of Chevron Corp., (CVX.N) prepared budget US$152 million to develop Rokan Block starting November 2020. Earlier the United States-based oil producer agreed to operates the block until the contract end on August 2021.
According to deputy head of the Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas), Fataryani Abdurrahman, the there are several options that have been discussed before the block hand it over to state-owned energy firm PT Pertamina.
In the first stage, Chevron will drill 11 wells and next year will continue to 93 wells plus 11 converted wells. He stated, “The eleven wells its expecting could produces 3,000 barrels per day (bpd) and in 2021 the production is around 9,000 bpd,” he told the reporters today.
From Pertamina’ data, Rokan‘ oil production has indeed declined, from 338,000 barrels bpd in 2012 to 190,000 bpd in 2019. The number of drilling activities in the Rokan block fell from 625 drilling in 2014, to 280 drilling in 2015, then 119 drilling in 2016, and finally 0 drilling in 2019.
The oil and gas holding company, predicts that in August 2021, when Rokan is transferred to Pertamina, the average production figure will be around 140,000 bpd.