Papua is a producing conventional oil field located onshore Indonesia and is operated by PT Pertamina EP.
Field participation details
The field is owned by PT Pertamina (Persero).
Production from Papua
The Papua conventional oil field recovered 43.86% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 1.32 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2069.
Remaining recoverable reserves
The field is expected to recover 5.84 Mmboe, comprised of 5.84 Mmbbl of crude oil & condensate.
About PT Pertamina EP
Pertamina EP is in the business of extracting crude oil. The company’s business focuses on the exploration, development, and/or production of petroleum from wells in which the hydrocarbons will initially flow or can be produced using standard or enhanced drilling and extraction techniques, as well as the production of crude petroleum from surface shales or tar sands. The company is headquartered in Indonesia.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.