Pertamina adds six platforms at West Madura Offshore
The Indonesia national oil company (NOC) Pertamina and its partner Kodeco from South Korea, are ready to call for bid (CFB) six new platforms to expand the West Madura Offshore (WMO) project offshore East Java in Indonesia.
Since the Indonesian Government set to Pertamina the goal to become a leader among the other national oil companies in the region, the local champion is reviving all the maturing or declining oil and gas fields.
In production since 1981, West Madura Offshore is one of these oil and gas fields which have reached their peak of production in the years 2000s and started to decline until 2012 by nearly 50%.
During its first phase of development West Madura Offshore was operated by Kodeco and reached a production of:
– 26,000 barrels per day (b/d) of oil
– 170 million cubic feet per day (cf/d) of natural gas
With the new set up, the working interests of WMO oil and gas field are shared between:
– Pertamina 80% is the operator
– Kodeco 20%
Pertamina to award WMO EPC contract in 2014
For the first time, the average production exceeded 16,000 b/d in 2013.
While the daily production can reach 18,667 b/d of crude oil and 113.9 million cf/d of natural gas West Madura Offshore is suffering from too many and too long disruptions.
Currently West Madura Offshore is operated with only 20 production wells.
Therefore the priority is to improve the reliability of the existing platforms.
Then in adding six platforms, Pertamina is expecting to come back close to the previous peak of production.
These six platforms should support fourteen new production wells that should bring additional 12,000 b/d of crude oil.
To meet this target, Pertamina and Kodeco must issue the call for bid without delay, so that the engineering, procurement and construction (EPC) contracts could be awarded in 2014 for production in 2015.