PROJECT UPDATE – Progress of Sidayu field project in Pangkah PSC

In November 2017, PT Saka Energi Indonesia, a subsidiary of PT Perusahaan Gas Negara Tbk (IDX:PGAS) unveiled the development of Sidayu Field within Pangkah production sharing contract (PSC) in offshore East Java.

The plan of development (PoD) of the field was approved by the Special Task Force for Upstream Oil and Gas (SKK Migas) in October last year.

Last week, the company said it has started the development of the first phase of the Sidayu field development. The first phase of the project is scheduled to be completed by the end of 2019.

Sidayu field project is developed in shallow water (about 15 meters deep), comprising of four production wells. The Sidayu field is located about 7 kilometers from the main field of Pangkah block. The Sidayu field platforms will be connected with an undersea pipeline.

As part of the project, Saka Energi will develop an additional production platform.

In addition to Sidayu Field, Saka Energi is expected to develop West Pangkah Field. The PoD of the West Pangkah project has been approved and now is in the process of final investment division (FID).

Saka Energi plans to invest Rp2.4 trillion in developing the two fields with an expectation to boost oil production by 12,500 bopd and 90 mmscfd of gas.JAKARTA (