PHE Accelerates Oil and Gas Field Development for Energy Resilience
PT Pertamina Hulu Energi (PHE) is enhancing its commitment to national energy security by accelerating oil and gas field development. This initiative comes as part of a strategic response to global geopolitical dynamics and aims to ensure sustainability in the national production of hydrocarbons.
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PT Pertamina Hulu Energi (PHE) is committed to strengthening Indonesia's energy security by fast-tracking oil and gas field development, as presented by Mery Luciawaty at the Offshore Technology Conference Asia 2026 in Kuala Lumpur. PHE manages 20 basins with a total production of approximately 1 million barrels of oil equivalent per day (MMBOEPD), contributing about 65% of national oil production and 36% of gas production.
Despite significant achievements, PHE faces challenges, including a 24% decline rate in oil and 21% in gas production, with 65% of its assets over 30 years old. PHE is implementing enhanced oil recovery (EOR) techniques and pursuing innovative technologies, including carbon capture, utilization, and storage (CCUS), to address these challenges. The company also aims to expand its international portfolio through its subsidiary, PT Pertamina Internasional Eksplorasi dan Produksi (PIEP), which manages assets in Algeria, Iraq, and Malaysia.
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