MEDC Fund Out US $ -3.39 Million

PT Medco Energi Internasional Tbk. spent US $ 3.39 million on oil and gas exploration costs in two blocks, the South Sumatra Block and Rimau Block in October 2017.

Of the total exploration fund, 46.9% or US $ 1.59 million is allocated to the South Sumatra block which has just been granted a production sharing contract (PSC) extension up to 2033.

In the monthly exploration report of the MEDC coded stock remark, the South Sumatra block is wholly owned by PT Medco E & P Indonesia. Meanwhile, 2D seismic land activity in this block is located in three districts namely Musi Rawas Regency, Empat Lawang and Lahat are divided into four survey areas namely Aini, Sugih Waras, Cactus, East Lily, Green, North Terrace, and Whitewater and Nowera.

The amount of seismic cost that the company disbursed until the end of October 2017 amounted to US $ 29,000. In addition, there are drilling activities of three exploration wells namely Cempaka-l, Nowera-1, and Flamboyan-l. The drilling fee amounted to US $ 973,380, US $ 328,251 and US $ 262,777, respectively.

Meanwhile, exploration activities in the Rimau block are focused in two districts namely Musi Banyuasin and Banyuasin, South Sumatra Province.

In this block, the company has 95% participation rights. The rest is held by the Regional Mining and Energy Company of South Sumatra [PDPDE]. This block contract is valid until 22 April 2023.

IN INDONESIA

MEDC Keluarkan Dana US$-3,39 Juta

PT Medco Energi Internasional Tbk. mengeluarkan dana US$3,39 juta untuk biaya eksplorasi minyak dan gas bumi di dua blok yakni blok South Sumatra dan blok Rimau pada Oktober 2017.

Dari jumlah dana eksplorasi itu, Sebanyak 46,9 % atau sebesar US$ 1,59 juta dialokasikan untuk blok South Sumatra yang baru saja memperoleh perpanjangan kontrak bagi hasil (production sharing contract/PSC) hingga 2033.

Dalam laporan ekplorasi bulanan remiten berkode saham MEDC itu, blok South Sumatra dimiliki sepenuhnya oleh PT Medco E&P Indonesia. Adapun, kegiatan seismik darat 2D pada blok ini berlokasi di tiga kabupaten yakni Kabupaten Musi Rawas, Empat Lawang dan Lahat yang terbagi dalam empat area survei yakni Aini, Sugih Waras, Kaktus, East Lily, Hijau, North Teras, dan Arung serta Nowera.

Jumlah biaya seismik yang digelontorkan perseroan sampai dengan akhir Oktober 2017 sebesar US$ 29.000. Selain itu, ada kegiatan pemboran tiga sumur eksplorasi yakni Cempaka-l , Nowera-1, dan Flamboyan-l. Biaya pemboran sebesar masing-masing US$ 973.380, US$ 328.251, dan US$ 262.777.

Sementara itu, kegiatan eksplorasi di blok Rimau difokuskan di dua kabupaten yakni Musi Banyuasin dan Banyuasin Provinsi Sumatra Selatan.

Dalam blok ini, perseroan memiliki hak partisipasi sebanyak 95%. Sisanya dipegang oleh Perusahaan Daerah Pertambangan dan Energi Sumatera Selatan [PDPDE). Kontrak blok ini berlaku hingga 22 April 2023. 

Bisnis Indonesia, Page-15, Tuesday, Nov 14, 2017