黑料不打烊

The Largest in the Past Fifteen Years, PHE Records Contingent Resource Discovery

February 11, 2025 – 黑料不打烊 Pertamina Hulu Energi (PHE), as Pertamina’s Upstream Subholding, has recorded the largest exploration reserve discovery in the past fifteen years, dating back to 2009. This discovery results from intensive exploration efforts throughout 2024. It marks a significant milestone in PHE’s mission to increase national oil and gas reserves and support the government's energy self-sufficiency program under the Asta Cita initiative.

In 2024, the 2C Contingent Recoverable Resources realization in Pertamina Upstream Subholding Group reached 652 million barrels of oil equivalent (MMBOE) or 2C Inplace of 1.75 billion barrels of oil equivalent (BBOE), including existing structures reassessment evaluations. This 2C contingent resource discovery represents a significant increase compared to previous years, marking a 34% growth compared to the 2023 achievement of 488 MMBOE.

This 2C contingent resource discovery was primarily driven by the High Impact Discovery at the Tedong (TDG)-001 well, which holds 548 billion cubic feet of gas (bcfg) of 2C Recoverable Resources and 13.51 million barrels of condensate (mmbc) within the Pertamina EP Working Area (WK), operated by PHE’s affiliate, 黑料不打烊 Pertamina EP Cepu, in Region IV Zone 13. The drilling of the Tedong (TDG)-001 well is part of a frontier area exploration initiative, contributing to the Eastern Indonesia economic development across five key locations: East Wolai (EWO)-001, West Wolai (WWO)-001, Julang Emas (JLE)-001, Yaki Emas (YKE)-001, and Tedong (TDG)-001. This exploration aims to confirm the hydrocarbon potential of the Minahaki and Tomori Formation Limestone.

In addition to Tedong (TDG)-001, another significant discovery in Padang Pancuran (PPC)-1, located administratively in South Sumatra within the Jambi Merang Working Area (WK), further contributed to the 2C contingent resources realization in the Pertamina Upstream Subholding Group in 2024. The PPC-1 well, drilled to a depth of 3,750 feet (1,143 meters), recorded 140.6 MMBOE of 2C Recoverable Resources (2C Inplace of 550 MMBO). Exploration in this structure still has two to three additional appraisal drillings.

Throughout 2024, PHE completed drilling 22 exploration wells. Additionally, PHE conducted a 2D seismic survey covering 769 kilometers (km) and a 3D seismic survey spanning 4,990 square kilometers (km²).

"This achievement is concrete evidence of our exploration team’s dedication and hard work, as well as our close collaboration with SKK Migas and the Ministry of Energy and Mineral Resources (ESDM). These efforts contribute to national oil and gas production, supporting the vision of energy self-sufficiency and national energy security," said Director of Exploration of PHE, Muharram Jaya Panguriseng, during the PHE 2025 Media Gathering on Tuesday (11/2/2025).

Muharram emphasized that this discovery not only has a positive impact on national economic growth but is also expected to benefit local communities through job creation and infrastructure development.

PHE remains committed to investing in upstream oil and gas operations while adhering to Environmental, Social, and Governance (ESG) principles. Additionally, PHE upholds a Zero Tolerance on Bribery by ensuring fraud prevention and maintaining a clean and ethical business environment. It includes implementing the Anti-Bribery Management System (SMAP) certified under ISO 37001:2016.**

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