Pertamina has announced plans to start drilling 14 oil and gas wells in the Banggai sediment basin in Central Sulawesi. Haposan Napitupulu, upstream directorate manager of Pertamina said drilling of each of the wells will cost around $4 million. Haposan said the Banggai basin has been known to have potential hydrocarbon deposits. In cooperation with foreign companies Pertamina has carried out exploration and discovered oil in five wells in Tiaka, Minahaki, Matindok, Senoro and Donggi. Four of the five wells have gas deposits and one has oil deposit, Haposan said. This year four of the 14 wells will be drilled and the rest will follow next year, he said.
Currently, five foreign companies including Philippine National Oil Company, Marathon, Rentech, El Paso, and Mitsui have offered cooperation to develop the wells, he added.