Project Profile
Location: Off the northeast coast of Java, Indonesia
Production: 5,000 bopd (production target of 14,000 bopd)
Pangkah PSC is a licence located off the northeast coast of Java. Hess owns a 75% interest in the Pangkah PSC with partner Kuwait Foreign Petroleum Exploration Company, Kufpec, holding the remaining 25%. Pangkah PSC has a production capacity of 5,000 bopd and a production target of 14,000 bopd.
A discovery of oil and gas reserves in an exploration well Sidayu-4V in the Pangkah Block has been found. This exploration activity was carried out to follow the discovery of oil and gas in the exploration well Sidayu-3ST1 in 2015. The discovery of oil and gas reserves Sidayu-4V is the final stage of exploration of the Sidayu structure. Saka Energi will proceed to submit a plan of development. Saka expects a significant contribution from the Sidayu field production in 2020.
At present, the production of the Pangkah block comes from Ujungpangkah field. Sidayu will be the second field that will also utilize the same production facilities as what Ujungpangkah field has.
Operators:
Hess: Operator with 37.5% working interest
Saka Energi: 25% interest
Joint venture with 37.5% interest:
Production Public Company Limited
Pertamina Hulu Energy