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2 clusters · 5 sources · 28 days · First seen · Last updated

Indonesia shale oil development in Rokan Block

Overview

PT Pertamina Hulu Rokan (PHR) has initiated Indonesia’s first shale oil development project in the Rokan Block. Following the discovery of reserves estimated at approximately 11.3 billion barrels of oil equivalent at the Gulamo and Kelok wells, PHR signed a non-conventional hydrocarbon production sharing contract with SKK Migas to begin drilling appraisal wells.

Industry experts have characterized the project as a potential ‘game changer’ for national production, drawing comparisons to how unconventional developments transformed the United States energy sector. While the initiative aims to offset declining conventional oil production and extend the lifespan of the nation’s energy industry, experts note that the project faces technical challenges. These include complex rock characteristics that necessitate advanced drilling technologies and result in higher production costs than conventional wells.

Entities

PT Pertamina Hulu Rokan · Komaidi Notonegoro · Libo Gathering Station · SKK Migas · Djoko Siswanto

Timeline

  1. 5 days ago

    [BUSINESS] 2 sources
    Pertamina Hulu Rokan develops unconventional oil in Rokan Block

    Pertamina Hulu Rokan’s development of unconventional oil and gas in the Rokan Block could significantly boost Indonesia’s energy production, mirroring the industry shift seen in the United States.

  2. about 1 month ago

    [BUSINESS] 3 sources
    Pertamina Hulu Rokan signs contract for Indonesia's first shale oil project

    Pertamina Hulu Rokan has signed a contract to develop Indonesia's first shale oil project in the Rokan Block, targeting initial production this year from estimated reserves of 11.3 billion barrels.

Sources

dunia-energi.com · ekbis.sindonews.com · jawapos.com · riaupembaruan.com · ruangenergi.com