The average crude oil production in Indonesia in 2018 is 803,000 barrels per day according to SKK Migas of Indonesia.
Here are the top ten crude oil producing companies in Indonesia in 2018.
Chevron Pacific Indonesia – 209,000 BOPD
Chevron is the biggest oil producer in Indonesia in 2018 and has been a leading oil producer in Indonesia for more than 90 years. It started operating in Indonesia in 1924 under Standard Oil Company of California.
Chevron operated oilfields in Sumatera and East Kalimantan. It’s East Kalimantan assets came from the acquisition of Unocal in 2005. Chevron handed back all the assets in East Kalimantan to Indonesia government on October 24, 2018, after 50 years of operation under Unocal and Chevron.
Currently, Chevron’s oil production comes mainly from the oil fields located in Riau, Sumatera under the Rokan Production Sharing Contract. The biggest oil field in the Rokan PSC is the Duri field which has been under steam-flood since 1985 and is one of the largest steam flood projects in the world.
ExxonMobil Cepu Ltd – 208,000 BOPD
ExxonMobil Cepu Ltd is the operator of the Cepu block located in Central Java and East Java. The Cepu Cooperation Contract (KKS) was signed on 17 September 2005 and will continue until 2035. ExxonMobil holds a 45% interest in the Cepu block.
ExxonMobil started exploration in 1999, and the oil from the Banyu Urip field started to flow in December 2008.
Pertamina EP – 79,000 BOPD
Pertamina EP operated 21 oil and gas fields located in various parts of Indonesia. These oilfields are managed under five asset groups based on their geographical locations.
Located in North Sumatera and some part of South Sumatera, the Asset One oilfields include Rantau Field, Pangkalan Susu Field, Lirik Field, Jambi Field, dan Ramba Field.
Located in South Sumatera, the Asset Two oilfields include Prabumulih Field, Pendopo Field, Limau Field dan Adera Field.
Located in West Jawa, the oilfields included in Asset Three are Subang Field, Jatibarang Field dan Tambun Field.
Located in Central and East Jawa, the Asset Four oilfields include Cepu Field, Poleng Field dan Matindok Field.
Located in Eastern part of Indonesia, the oilfields in Asset Five are Sangatta Field, Bunyu Field, Tanjung Field, Sangasanga Field, Tarakan Field dan Papua Field.
Pertamina Hulu Mahakam – 42,000 BOPD
Pertamina Hulu Mahakam became the operator of the oil and gas fields located in the Mahakam Block on 1 January 2018. The fields were previously discovered and operated by Total along with Inpex as its partner. They acquired the block in 1966.
Several giant oil and gas fields are located in this block such as the Handil field, the Tunu field, and the Peciko field.
Pertamina Hulu Energi OSES (Offshore South East Sumatera) – 30,000 BOPD
Pertamina Hulu Energi OSES became the operator of the oil fields in Block South East Sumatera on September 6, 2018. The fields were previously operated by CNOOC, China National Offshore Oil Company.
Pertamina Hulu Energi ONWJ – 29,000 BOPD
Pertamina Hulu Energi ONWJ (PHE ONWJ) is currently the operator of the Offshore North West Java (ONWJ) production sharing contract following the change of company ownership from BP to Pertamina in July 2009.
The contract area, located in the Java Sea, covers an area of approximately 8,300 square kilometers – stretching from the North of Cirebon to Kepulauan Seribu.
The giant Ardjuna field is located in this Production Sharing Contract area. It was discovered by ARCO – Atlantic Richfield Company – in 1969 and operated by ARCO until BP – British Petroleum – acquired ARCO in 2000.
The production facilities consist of 670 wells, 170 shallow water platforms, 40 processing and service facilities and some 1,600 kilometers of sub-sea pipeline.
Medco EP Natuna – 16,000 BOPD
Medco EP Natuna, a subsidiary of Medco Energi, is the operator of the South Natuna Sea Block B. The field was initially operated by ConocoPhillips until Medco Energi acquired it in 2016.
Besides producing oil, Medco EP Natuna also supplies gas to Singapore using a 656 KM long 28” subsea pipeline.
Petronas Carigali (Ketapang) – 15,000 BOPD
Petronas Carigali Ketapang operates the Bukit Tua Field located in the Ketapang Block in East Java. Bukit Tua is an oil field but with a significant amount of associated gas. The offshore field is situated at a water depth of about 57 m.
The production facilities consist of wellhead platforms, an FPSO – Floating Production, Storage and Offloading – and onshore receiving facilities (ORF) in Gresik.
PetroChina International Jabung – 14,000 BOPD
PetroChina International Jabung operates the prolific Jabung Block located in Jambi in Central Sumatera.
The company produces crude oil, condensate, LPG and gas. PetroChina supplies gas to Singapore using a 450 KM long subsea pipeline.
An interesting aspect about the block is that PetroChina discovered the fractured basement rock contains a significant quantity of gas can flow at significant rates.
Pertamina Hulu Kalimantan Timur – 13,000 BOPD
Pertamina Hulu Kalimantan Timur operates the East Kalimantan-Attaka Work Area. Chevron was the previous operator of the work area until it handed over the operatorship to Pertamina on October 25, 2018.
Attaka, the famous giant oil field is located in this block. The Attaka field was discovered and operated by Unocal until Chevron acquired it in 2005.
The oil fields in this work area are in the late declining phase. Around one billion barrels of oil and 3 TCF of gas have been produced from this work area.