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  1. Market Data
May 4, 2022

Siak PSC Conventional Oil Field, Indonesia

By Carmen

Siak PSC is a producing conventional oil field located onshore Indonesia and is operated by PT Pertamina Hulu Energi Siak. The field is located in block Siak.

An expansion project is associated with the Siak PSC, namely Kumis. This project is currently in the approval stage.

Field participation details

The field is owned by PT Pertamina (Persero).


Production from Siak PSC

The Siak PSC conventional oil field recovered 74.12% of its total recoverable reserves, with peak production in 2002. The peak production was approximately 2.41 thousand bpd of crude oil and condensate and 5 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046.


Remaining recoverable reserves

The field is expected to recover 5.59 Mmboe, comprised of 5.59 Mmbbl of crude oil & condensate.


Methodology

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.

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