Professional Documents
Culture Documents
Salis S. Aprilian
President Director
PT Pertamina EP
1 www.pertamina-ep.com
8/21/2009
Indonesia Net Oil Importer Issue…
• R/P is the reserves remaining at the end of any year are divided by the
production in that year
• It reflects the length of time that those remaining reserves would last if
production were to continue at that level (BP Definition)
Working Area: 140,000 km2 Prod 2008, 116.6 MBOPD & 1003 MMSCFD
3 Regions + 5 Unit Business EP Prod 2009, 125.5 MBOPD & 1123 MMSCFD (target)
31 TAC + 10 KSO Prod YTD up to July 2009 123.3 MBOPD
160 Production Fields
4 www.pertamina-ep.com
8/21/2009
2009 Oil Production Target
+14%*
171,9 171,9
34,7 5,0
150,2 6,7
125,5
5 www.pertamina-ep.com
8/21/2009
Key Performance Indicators
• Financial KPI:
• Exploration
– Net Income – Strategy (3 – 5 years) Oil/Gas?
– Investment Realization – Prioritizing Existing Leads & Prospects to
be “Ready to Drill”
– New Plays & Basin Structures
• Operational KPI:
– Reserves • Primary Recovery
– Productions – Reservoir Management
– Maintenance Management (~ investment, SOP,
– Operating Cost Organization)
– HSE Excellences – Production Optimization
– Development of new fields
6 www.pertamina-ep.com
8/21/2009
Why EOR…
• National Oil Demands : 1.3 Million BOPD, while the Supply : 0.9 – 1 Million
BOPD
• Pertamina has 214 fields and 80% mature fields
• High Oil Price (>> 40 US$/Bbl)
• EOR Technology is getting less expensive (ASP = 10 – 15 US$/Bbl Oil)
• EOR Technology has Improved Significantly:
– Surfactant : IFT : Ultra Low IFT Number (1 x 10 –6)
– Polymer-Surfactant in one chemical
– Polymer with Low Molecular Number Polymer
– Polymer/surfactant for high temperature
– Low cost in-situ Combustion
7 www.pertamina-ep.com
8/21/2009
Background…
8 www.pertamina-ep.com
8/21/2009
Pertamina Oil Fields…
TOP TWENTY
ACTIVE PROVEN OIL RESERVES [MMBO]
0,00 5,00 10,00 15,00 20,00 25,00 30,00 35,00 40,00 45,00
RANTAU 41,85
• Many-small-separated-mature
MUSI 25,04
KUALA SIMPANG BARAT 22,20
SOPA 21,69
JIRAK 16,64
BENAKAT TIMUR 15,69
OGAN TIMUR 11,35
TL. AKAR PENDOPO 10,65
BERINGIN-D 9,59
KUALA DALAM 9,14
KETALING TIMUR 7,25
BENUANG 7,24
TAPUS 6,85
KETALING BARAT 5,41
SERANG JAYA 5,40
G. KEMALA TENGAH 5,34
BETUN 4,72
KUANG 3,45
SUNGAI BULUH 2,86
G. KEMALA TIMUR 2,50
9 www.pertamina-ep.com
8/21/2009
“Wake-up Call” …
10 www.pertamina-ep.com
8/21/2009
2008 DISCOVERIES FAILED TO REPLACE PT EP PRODUCTION,
AND 2009 IS AT RISK OF NOT DELIVERING
Oil
PRELIMINARY
Gas
Total
2008 Exploration reserve additions 2009 Risked exploration reserve additions***
MMBOE MMBOE
35 32 36 48
Oil 8 27 20 16
MMBO MMBO MMBOE
365 469
369
325 240 149
Gas 95 BCF
40 BCF
BCF
126
95 98
48 60
Total 15
MMBOE
2008 Own- 2008 2P 2008 1P 2009 Own- 2009 2P 2009 1P
operated & additions additions operated & expected expected
TAC TAC additions additions
production* production
forecast
2008 Reserve replacement ratio (RRR)** 2009 Expected reserve replacement ratio**
% %
2P 1P 2P 1P
Oil 93% 22% Oil 133% 65%
Gas 26% 11% Gas 127% 65%
Total 50% 15% Total 129% 61%
11 www.pertamina-ep.com
8/21/2009
Shifting Paradigm…
12 www.pertamina-ep.com
8/21/2009
Mature fields “Rejuvenation”…
Re-investment
New business models
New technology & processes
Time
Production Operation
Engineers
Reservoir
Engineers Drilling
Engineers
EOR
Reservoir
Geologists/
Petrophysicists
Management
Supporting
Group
Geophysicists
Field Operation
Group
14 www.pertamina-ep.com
8/21/2009
EOR Focus Initiatives…
Re-Investment:
2D,3D,4D Seismic,
Reprocessing, Coring, PVT,
Lab Test
EOR
New Business Model:
New Technology: New Portfolio,
Partnership
Waterflooding
Incentives
Chemical Flooding
CO2 Flooding
15 www.pertamina-ep.com
8/21/2009
New Business Model…
(Portfolio and Partnership Models)
GROUP II
Cost)
High
Own Operation with project
Cost)
Value
financing (20% equity, 80%
Price,
financing)
f (Reserves,Price,
II
300
Medium
I GROUP III
Value f(Cadangan,
Value
Partnership with Major
III Companies
200
GROUP IV
Low
Value
Partnership with Small & Medium
Companies
100
IV V Very Low
Value
GROUP V
Partial Farm-out
GG
AFE : CORING, X-RAY, SIMULATION, etc
Geo. & Numerical Model Studies
FULL SCALE
RES PEP
JIAN , EPT
Prod. & Reserves Forecast BPMIGAS
• Well Data
• Water
Availability Facilities Requirements PF
START OPERATION
• Initial By
Economic Optimization
Screening ECON Field EOR Organization
•Economics
PRA- POD PILOT POD
Preliminary Study
Pertamina EOR Steps…
N
Proposal To Regulator
y
Working & Steering Committee
Regulator & Contractor Full-scale
y y
N
y
Pilot Test
Field Trial
18 www.pertamina-ep.com
8/21/2009
PERTAMINA “Green” Technology…
19 www.pertamina-ep.com
8/21/2009
PERTAMINA Joint Study…
PERTAMINA EP
Mature Fields
LEMIGAS
PUSAT PENELITIAN SURFAKTAN DAN BIOENERGI
Lab & Equipment
LEMBAGA PENELITIAN DAN PENGABDIAN MASYARAKAT
INSTITUT PERTANIAN BOGOR
20
20 www.pertamina-ep.com
8/21/2009
EOR Prioritizing…
21 www.pertamina-ep.com
8/21/2009
EOR Project Schedule…
22 www.pertamina-ep.com
8/21/2009
Summary…
• Indonesia has been facing a net oil importing issue that needs a sustainable
increasing production and additional reserves
• Pertamina has taken a responsibility of managing its mature fields to support
the Indonesia oil production
• Secondary stage of Oil Recovery is much more challenge for a high incremental
production
• Water-flood is a proven and cheap method to increase production and
additional reserves and environmentally accepted (zero discharge)
• Chemical flooding is the next initiatives of Pertamina EP to enhance oil recovery
as a tertiary recovery
• Bio-surfactant, CO2, produced water could be considered as a “green” EOR
technology
23 www.pertamina-ep.com
8/21/2009 23
THANK YOU !
www.pertamina-ep.com
24 www.pertamina-ep.com
8/21/2009