Prima Energy
11 Mei 2023
Prima Energy officially signed a New Sales and Purchase Agreement (SPA) for the Ande-Ande Lumut (AAL) oilfield, one of the largest undeveloped oil discoveries in Indonesia.
Jakarta, Mei 11, 2023 – Prima Energy officially signed a New Sales and Purchase Agreement (SPA) for the Ande-Ande Lumut (AAL) oilfield. AAL is one of the largest undeveloped oil discoveries in Indonesia. Located in shallow waters (approximately 70 meters deep) offshore Northwest Natuna, the oilfield lies at depths of around 1,100 meters. SKK Migas approved its development in 2011, and it has now become an important part of their 2030 production targets.
The signing of this agreement between the two companies is related to the takeover of the Ande-Ande Lumut (AAL) oilfield. The contract covers various aspects, including well drilling, existing field development, infrastructure upgrades and production operations optimization. Prima Energy will continue to pay close attention to new developments and implement best practices in terms of work safety and the environment.
With the signing of this contract, the company has high hopes to improve their operational performance and achieve significant growth in the oil and gas industry. The company is committed to maintaining a strong partnership and supporting each other in order to collectively achieve better results.
The signing of this contract marks an important step in the oil and gas industry and demonstrates the company’s commitment to innovation, efficiency and sustainability. It is hoped that the signing will open the door to new discoveries, more efficient field development, and make a positive contribution to the long-term growth of the oil and gas industry.