Pertamina drills new oil well<\/p>\n
State oil and gas firm PT Pertamina, through its eastern Java
\nunit, has been drilling a new oil well in Trembul, Ngawen, Blora,
\nCentral Java, since Sept. 15.<\/p>\n
As of Wednesday evening, a depth of 303 meters had been
\ndrilled. At the 500-meter mark, geologists will be able to
\nascertain whether the well holds oil reserves, Jufri, who is in
\ncharge of drilling, said.<\/p>\n
Oil exploration in the area -- which is on the border of
\nCentral Java and East Java -- began in 1860 by the Dutch
\ncolonials.<\/p>\n
The drilling activities cost Pertamina about US$5,500 per day
\n-- much cheaper than exploration costs for offshore activities,
\nwhich on average cost about $40,000 to $50,000 per day, public
\nrelations officer Anggadewi Widyastuti told The Jakarta Post on
\nWednesday evening.<\/p>\n
Pertamina is in dire need of finding new sources of oil, with
\nthe country importing hundreds of thousands of barrels of oil --
\nboth crude and refined -- to meet the rising domestic fuel
\nconsumption demand.<\/p>\n
The country's oil production has been declining over the past
\nfew years by an average of more than 5 percent, due in part to
\naging facilities and a lack of investment to build new ones. --
\nJP\/Suherdjoko<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pertamina-drills-new-oil-well-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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