Saka Indonesia (SAKA) has announced positive results from the drilling of the UPA-17ST well, located in the Ojong Pankah field within the Pankah working area (WK), situated in the territorial waters of East Java. The well's testing results, conducted on March 29, 2026, showed a production rate of 2443 barrels per day of oil and 3.72 million cubic feet of associated gas.
In a statement, Saka's Operations Director, Ahmad Aghs Meftahurohman, confirmed that this achievement represents a significant step in the company's journey, following its success in drilling the SID-05 well. He noted that the production results reflect positive performance, enhancing the company's efforts to increase production to support national energy needs.
Event Details
The drilling of the UPA-17ST well commenced on October 12, 2025, using the Jack Up SinoOcean Peace drilling rig, and was completed on December 28, 2025. This was followed by interventions in the well to improve production and ensure the effective flow of hydrocarbons from the reservoir to the surface. The well entered the production testing phase to determine the optimal production rate.
Ahmad Aghs explained that the results, which exceeded expectations, indicate the reservoir's quality and reflect the effectiveness of technical planning, focusing on safety and strong collaboration among internal teams, partners, and stakeholders, including the management of SKK Migas.
Background & Context
Saka Indonesia is part of the Pertamina Group, one of the leading companies in the energy sector in Indonesia. The Ojong Pankah field has been developed as the first field in the Pankah working area, reflecting the importance of this project in enhancing energy production in the country. The use of advanced drilling techniques such as extended reach drilling (ERD) reflects the trend towards improving production efficiency and better resource utilization.
Historically, Indonesia has witnessed significant development in the oil and gas sector, with the government aiming to increase production to meet the growing energy demand. This achievement is part of the government's strategy to enhance energy security and achieve self-sufficiency in energy.
Impact & Consequences
The results of the UPA-17ST well are a positive step towards enhancing oil and gas production in Indonesia, contributing to the government's goals of increasing national production. These results also enhance Saka Indonesia's ability to compete in the regional and international markets, potentially attracting more investments in the energy sector.
The SKK Migas management expects this achievement to contribute to an increase in national oil and gas production, thereby enhancing Indonesia's ability to meet its energy needs. Additionally, success in this project may encourage other companies to explore more opportunities in the region.
Regional Significance
Indonesia is one of the largest oil and gas producers in Asia, and its success in projects like UPA-17ST can have positive impacts on global energy markets. As Arab countries seek to enhance their energy production, there may be opportunities for collaboration between Indonesian and Arab companies in technology and production.
In conclusion, Saka Indonesia's success in drilling the UPA-17ST well is a testament to the company's commitment to enhancing energy production and meeting market needs. This achievement not only reflects the company's ability to achieve its goals but also underscores the importance of collaboration between the public and private sectors in enhancing energy security in the region.