Preparation for the management of the oil and gas field is carried out by conducting a study of several potential fields in the working area of PT Pertamina EP asset 3 in West Java, including the Pabuaran, Jatirarangon, Haurgeulis, Sukatani and Jatinegara fields.
From these fields, considering the potential of oil and gas reserves, technology and qualifications of potential partners, MUJ will submit a management offer to PT. Pertamina EP for the Pabuaran oil and gas field in Subang and the Jatibarang field in Cirebon.
The upstream oil and gas business, especially in the fields of exploitation and production, is a business with a high return on investment. This program is highly dependent on the potential for oil and gas and the readiness of upstream oil and gas investment. Besides that, it also requires large capital and in-depth risk mitigation studies. As a BUMD company whose shares are entirely owned by the West Java provincial government, MUJ requires higher readiness both from financial, technical and legal aspects to carry out these business activities.