Five Investors Interested in Auction 15 Oil and Gas Blocks

The application of a gross split scheme for oil and gas revenue sharing begins to get results. Ministry of Energy and Mineral Resources (ESDM) claims gross split has hooked oil and gas contractors at 15 oil and gas block auction closed Friday, Dec 29, 2017

At the auction, only five blocks of oil and gas contractors interest. The five blocks of interest are conventional blocks, namely the Andaman I Block, Andaman II Block, Merak-Lampung Block, Pekawai Block, West Wandena Block.

    For the Andaman I Block of interest Mubadala Petroleum (SE Asia) ltd, Andaman II Block is interested in Repsol Exploration SA, Energy Mega Persada Tbk (EMP), and Premier Gil Far East Ltf Consortium, Mubadala Petroleum & Kris Energy. 

     The Peacock-Lampung block is in demand by PT Tansri Madjid Energy, and the Pekawai Block and West Yamdena are interested in Saka Energy.

Furthermore, the contractors who bid the oil and gas blocks will negotiate with the government with a gross split scheme. If the contractor's proposal is not in accordance with the wishes of the government the contract is void.

Despite only five blocks of interest, Deputy Minister of Energy and Mineral Resources Arcandra Tahar confirmed the auction of oil and gas blocks with a gross split scheme this year was successful.

Arcandra does not agree if during this time many who call the auction of oil and gas blocks with gross split scheme less desirable investors.

"The proof is today alhamdulillah five blocks of interest, mostly international contractors," he said.

He also compared with the auction of oil and gas blocks in 2015 and 2016 which the result is nil because there is no signing a new contract. Whereas at that time the oil and gas revenue sharing system still uses cost recovery scheme.

"Let's see the year 2015 offered eight oil and gas blocks, which interest does not exist, 2016 offered 14 oil and gas blocks, also no one interested," said Arcandra.

However, looking at the statistics of oil and gas block offerings since 2001-2014 are always in demand. Even so, Arcandra still mention the auction of oil and gas blocks this year is pretty good. In fact, he is optimistic that there will be a new contract signing from the 2017 oil and gas block auction which is targeted to be signed by the end of March 2018.

IN INDONESIA

Lima Investor Berminat dalam Lelang 15 Blok Migas

Penerapan skema gross split untuk bagi hasil minyak dan gas bumi mulai mendapatkan hasil. Kementerian Energi dan Sumber Daya Mineral (ESDM) mengklaim gross split telah menggaet kontraktor migas pada lelang 15 blok migas yang ditutup Jumat, Dec 29, 2017

Pada lelang itu, hanya lima blok migas diminati kontraktor. Lima blok yang diminati itu adalah blok konvensional, yakni Blok Andaman I, Blok Andaman II, Blok Merak-Lampung, Blok Pekawai, Blok West Wandena. 

     Untuk Blok Andaman I diminati Mubadala Petroleum (SE Asia) ltd, Blok Andaman II diminati Repsol Exploration SA, Energy Mega Persada Tbk (EMP), dan Konsorisum Premier Gil Far East Ltf, Mubadala Petroleum & Kris Energy. Blok Merak-Lampung diminati oleh PT Tansri Madjid Energy, dan Blok Pekawai dan West Yamdena diminati Saka Energy.

Selanjutnya para kontraktor yang mengajukan penawaran blok migas itu akan bernegosiasi dengan pemerintah dengan skema gross split. Jika proposal kontraktor tidak sesuai dengan keinginan pemerintah kontrak batal.

Meskipun hanya lima blok yang diminati, Wakil Menteri Energi dan Sumber Daya Mineral Arcandra Tahar menegaskan lelang blok migas dengan skema gross split tahun ini berhasil.

Arcandra tidak sepakat jika selama ini banyak yang menyebut lelang blok migas dengan skema gross split kurang diminati investor. 

"Buktinya hari ini alhamdulillah lima blok diminati, sebagian besar kontraktor internasional," katanya.

Dia pun membandingkan dengan lelang blok Migas pada tahun 2015 dan 2016 yang hasilnya nihil karena tidak ada penandatanganan kontrak baru. Padahal kala itu sistem bagi hasil migas masih menggunakan skema cost recovery. 

"Coba lihat tahun 2015 ditawarkan delapan blok migas, yang berminat tidak ada, 2016 ditawarkan 14 blok migas, juga tidak ada yang berminat ," kata Arcandra.

Namun, melihat statistik penawaran blok migas sejak 2001-2014 selalu diminati. Meski begitu, Arcandra tetap menyebut lelang blok migas tahun ini sudah cukup bagus. Bahkan dia optimistis akan ada penandatanganan kontrak baru dari lelang blok migas 2017 yang ditargetkan bisa dilakukan penandatanganan akhir Maret 2018.

Kontan, Page-14, Saturday, Dec 30, 2017

Four PGN Proposals Concerning Concept Holding Rejected

PGN wants to become a Sub Holding that will manage the gas business in an integrated manner

Discussion on the formation of Holding SOE Oil and Gas (Oil and Gas) seems still difficult. Recently, PT Perusahaan Gas Negara (PGN) sent a letter to the Director General of State Assets at the Ministry of Finance (MoF) which contains four points of the proposal.

But the government has officially rejected the letter. PGN letter numbered 013700.PEM / PR.06 / PDO2017 signed directly by PGN President Director, Jobi Triananda Hasjim. In that letter Jobi asked:

First, the PGN transformation in the holding serves as Sub Holding gas. PGN becomes an integrated natural gas business manager.

"This role will provide optimal management along the natural gas business chain, as well as provide maximum benefits for corporations and countries," said Jobi through the letter.

Secondly, with regard to the retention of state shares in PGN, PGN's management requested the state to retain Series B shares directly in PGN. The reason, so that PGN can get benefits as were in the first point. Because, according to Jobi, the concept of retention as a state-owned stock was once carried out on the establishment of holding state-owned plantations.

"The government maintains a series B share in each member of Holding State-owned Plantation," he explained.

Third, the institutional structure of the oil and gas holding is related to the legal review aspects of oil and gas holding. Therefore, Jobi asked the formation of Holding BUMN Migas also involving parties from the Ministry of Energy and Mineral Resources (ESDM).

Fourth, the transformation of human resource management as a strategic asset of the company. In this regard, PGN proposes equality of workers with equal treatment and equality to workers of the holding group to contribute and work for the sake of the company's progress and the success of the holding establishment's ideals.

Responding to the circulation of the letter, Deputy Minister of Mining Business, Strategic Industries and Media Ministry of State Enterprises, Fajar Harry Sampumo confirmed, the letter given by PGN as of November 29 was revoked. In the sense that the proposal has been rejected by the government.

"The letter has been revoked. Regarding the series B shares, it is regulated in Government Regulation number 72/2016," he explained.

Unfortunately, Fajar has not been willing to give a detailed description of the extent to which the discussion of holding of this BUMN Migas. What is clear, the formation of this holding is still in accordance with the target given by the Minister of SOEs, Rini Soemarno in March 2017.

"If it can be faster in the first quarter of 2018," he said.

He added that what has not changed in the government discussion is a subsidiary. Pertamina is PT Pertamina Gas (Pertagas) which will be acquired by PGN. But until now Pertamina is still reluctant to release Pertagas to PGN.

IN INDONESIA

Empat Usulan PGN Soal Konsep Holding Ditolak

PGN ingin menjadi Sub Holding yang akan mengelola bisnis gas secara terintegrasi

Pembahasan pembentukan Holding BUMN Minyak dan Gas Bumi (Migas) nampak masih sulit. Baru-baru ini, PT Perusahaan Gas Negara (PGN) mengirimkan Surat kepada Direktur Jenderal Kekayaan Negara Kementerian Keuangan (Kemenkeu) yang berisikan empat poin usulan.

Namun pemerintah sudah resmi menolak Surat itu. Surat PGN bernomor 013700.PEM/PR.06/PDO2017 ditandatangani langsung oleh Direktur Utama PGN, Jobi Triananda Hasjim. Di Surat itu Jobi meminta :

Pertama, transformasi PGN dalam holding berperan sebagai Sub Holding gas. PGN menjadi pengelola bisnis gas bumi terintegrasi.

"Peran ini akan memberikan pengelolaan yang optimal sepanjang mata rantai bisnis gas bumi, serta memberikan benefit yang maksimal bagi korporasi dan negara," kata Jobi melalui surat itu.

Kedua, berkenaan dengan retensi saham negara pada PGN, manajemen PGN meminta negara tetap memiliki saham seri B secara langsung di PGN. Alasannya, supaya PGN bisa memperoleh benefit sebagai mana dalam poin pertama. Karena, menurut Jobi, konsep retensi sebagai saham milik negara pernah dilakukan pada pembentukan holding BUMN Perkebunan.

"Pemerintah mempertahankan saham seri B pada masing-masing anggota Holding BUMN Perkebunan," jelasnya.

Ketiga, struktur kelembagaan holding migas terkait dengan aspek kajian legal holding migas. Karena itu, Jobi meminta pembentukan Holding BUMN Migas juga melibatkan pihak dari Kementerian Energi dan Sumber Daya Mineral (ESDM).

Keempat, transformasi pengelolaan sumber daya manusia sebagai aset strategis perusahaan. Sehubungan dengan hal itu, PGN mengusulkan kesetaraan pekerja dengan perlakuan dan kesetaraan yang sama terhadap pekerja dari holding group untuk memberikan kontribusi dan karya demi kemajuan perusahaan dan keberhasilan cita-cita pembentukan holding tersebut.

Menanggapi tentang beredarnya surat itu, Deputi Bidang Usaha Pertambangan, Industri Strategis dan Media Kementerian BUMN, Fajar Harry Sampumo menegaskan, surat yang diberikan oleh PGN per tanggal 29 November itu sudah dicabut. Dalam artian usulan tersebut telah ditolak oleh pemerintah.

"Suratnya sudah dicabut. Mengenai saham seri B, sudah diatur di Peraturan Pemerintah nomor 72/2016," terangnya.

Namun Sayangnya, Fajar belum mau memberi penjelesan detail sejauh mana pembahasan holding BUMN Migas ini. Yang jelas, terbentuknya holding ini masih sesuai dengan target yang diberikan oleh Menteri BUMN, Rini Soemarno yaitu Maret 2017.

"Kalau bisa lebih cepat di Kuartal I-2018," katanya. 

Ia menambahkan, yang belum berubah dalam pembahasan pemerintah adalah anak usaha. Pertamina yaitu PT Pertamina Gas (Pertagas) yang akan diakuisisi oleh PGN. Namun hingga kini Pertamina masih enggan melepaskan Pertagas kepada PGN.

Kontan, Page-14, Saturday, Dec 30, 2017

New Profit Sharing Scheme Interesting to Investors

A revenue-sharing scheme based on gross production is an attraction for investors. The government's claims are based on five conventional oil and gas working areas under the profit-sharing scheme, which investors are interested in.

In fact, investors who have taken the work area auction documents that can not be used as a measure until the signing of the contract is done.

The five working areas are the Andaman I and II Blocks off the coast of northern Sumatra, the Merak-Lampung Block offshore and Lampung mainland, the Pekawai Block off the East Kalimantan coast, and the West Yamdena Block offshore and Maluku mainland.

With direct offers, bidders who have submitted documents are Mubadala Petroleum Ltd, Repsol Exploration, PT Energi Mega Persada Tbk, PT Saka Energy Indonesia, and Premier Oil Far East Ltd consortium, Mubadala Petroleum Ltd, and Kris Energy

"If asked interestingly or not, with the interest of five out of seven working areas of oil and gas, then we say gross split scheme managed to attract investors," said Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar, Friday (29/12) Jakarta.

Arcandra compares the auction of conventional and non-conventional oil and gas (coal methane and shale gas) metals in 2015 and 2016 that failed to attract investors.

At that time, the profit sharing scheme used still contains cost recovery component (an operating cost that can be recovered). By 2015 there are eight working areas on offer and by 2016 14 jobs are offered. The bid in two years did not win any winners.

"Remember, in 2015 and 2016 when offered still use cost recovery and none of which sell well. All over again

The Working Area will be offered again in 2018 using a gross split scheme and hopefully someone will be interested in managing the block, "said Arcandra.

As for regular auctions on the working area of the Tongkol Block offshore Natuna, East Tanimbar Block off the coast of Maluku, as well as the Mamberamo Block offshore and mainland Papua, none of the companies expressed interest. Similarly, the Non-Conventional Oil and Gas Working Area (coal methane gas), none of the companies interested in the Work Area are Raja and Bunga Emas in mainland South Sumatra.

"The possibility of non-conventional oil and gas working areas is not desirable because it still faces severe challenges, namely the low price of crude oil. In addition, the success ratio for this Work Area is low, "said Arcandra.

Not yet confirmed

Chairman of the Indonesian Petroleum Engineering Association Pri Agung Rakhmanto said that an oil and gas working area of interest or taken by its offer documents by investors cannot be used as a measure that the gross split scheme was successfully implemented. Because not yet certain companies that take the auction document realize its investment commitments for exploration to production.

"What we need now is a bona fide company or really committed to seek and produce oil and gas in Indonesia. Not just a company that is interested and won the auction, "said Pri Agung Rakhmanto.

IN INDONESIA

Skema Bagi Hasil Baru Diminati Investor

Skema bagi hasil berdasarkan produksi bruto merupakan daya tarik bagi investor. Klaim pemerintah tersebut berdasarkan pada lima Wilayah kerja minyak dan gas bumi konvensional dengan skema bagi hasil itu, yang diminati investor.

Padahal, investor yang telah mengambil dokumen lelang wilayah kerja itu belum dapat dijadikan ukuran hingga penandatanganan kontrak dilakukan.

Kelima wilayah kerja tersebut adalah Blok Andaman I dan II di lepas pantai Sumatera bagian utara, Blok Merak-Lampung di lepas pantai dan daratan Lampung, Blok Pekawai di lepas pantai Kalimantan Timur, serta Blok West Yamdena di lepas pantai dan daratan Maluku.

Dengan penawaran langsung, peserta lelang yang sudah memasukkan dokumen adalah Mubadala Petroleum Ltd, Repsol Exploration, PT Energi Mega Persada Tbk, PT Saka Energi Indonesia, serta konsorsium Premier Oil Far East Ltd, Mubadala Petroleum Ltd, dan Kris Energy

”Kalau ditanya menarik atau tidak, dengan diminatinya lima dari tujuh wilayah kerja migas, maka kami katakan skema gross split berhasil menarik minat investor,” kata Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar, Jumat (29/12), di Jakarta.

Arcandra membandingkan lelang vvilayah kerja migas konvensional dan non-konvensional (gas metan batubara dan minyak serpih) pada 2015 dan 2016 yang gagal menarik minat investor. Saat itu, skema bagi hasil yang digunakan masih memuat komponen cost recovery (biaya operasi yang dapat dipulihkan). Pada 2015 ada delapan wilayah kerja yang ditawarkan dan pada 2016 sebanyak 14 wilayah kerja ditawarkan. Penawaran dalam dua tahun itu tidak mendapatkan satu pun pemenang.

”Ingat, pada 2015 dan 2016 saat ditawarkan masih menggunakan cost recovery dan tidak ada satu pun yang laku. Nanti seluruh

Wilayah Kerja itu akan ditawarkan ulang pada 2018 menggunakan skema gross split dan semoga akan ada yang berminat mengelola blok tersebut,” ujar Arcandra.

Adapun untuk lelang reguler terhadap wilayah kerja Blok Tongkol di lepas pantai Natuna, Blok East Tanimbar di lepas pantai Maluku, serta Blok Mamberamo di lepas pantai dan daratan Papua, tidak satu pun perusahaan menyatakan minat. Begitu pula dengan Wilayah Kerja migas non-konvensional (gas metan batubara) tidak satu pun perusahaan yang tertarik Wilayah Kerja tersebut adalah Raja dan Bungamas di daratan Sumatera Selatan.

”Kemungkinan Wilayah Kerja migas non-konvensional tidak diminati karena masih menghadapi tantangan berat, yaitu harga minyak mentah yang masih rendah. Selain itu, rasio keberhasilan untuk Wilayah Kerja ini terbilang rendah,” ujar Arcandra.

Belum dipastikan 

Ketua I Ikatan Ahli Teknik Perminyakan Indonesia Pri Agung Rakhmanto mengatakan, sebuah Wilayah kerja migas yang diminati atau diambil dokumen penawarannya oleh investor belum dapat dijadikan ukuran bahwa skema gross split berhasil diterapkan. Sebab belum dapat dipastikan perusahaan-perusahaan yang mengambil dokumen lelang tersebut merealisasikan komitmen investasinya untuk eksplorasi sampai produksi.

”Yang kita butuhkan sekarang adalah perusahaan yang bonafide atau benar-benar mempunyai komitmen mencari dan memproduksi migas di Indonesia. Bukan sekadar perusahaan yang berminat dan memenangi lelang,” kata Pri Agung Rakhmanto.

Kompas, Page-18, Saturday, Dec 30, 2017

Project Prioritize Local Workers

East Kalimantan Governor Awang Faroek Ishak ensured that the expansion project of PT Pertamina refinery in Balikpapan would require about 20,000-30,000 workers with priority on local human resources.

This certainty was stated directly by Awang after a meeting with the management of PT Pertamina and the Coordinating Minister for Economic Affairs in Jakarta recently.

"I reminded that the recruitment of the workforce to prioritize the people of East Kalimantan, the refinery should be built by local workers," Awang said on the official website of East Kalimantan Provincial Government.

The proposal, said the Governor, was welcomed by Coordinating Minister for the Economy Darmin Nasution and Pertamina's management. Although prioritizing the workforce of East Kalimantan, the priority of the technical aspects of the expansion project of oil refineries requires the availability of skilled manpower according to the oil field.

Awang asked the younger generation of East Kalimantan to immediately attend training in a number of Training Center (BLK) in East Kalimantan.

"The Organization of Regional Organizations [OPD] scope of East Kalimantan Provincial Government includes BLK, and Polytechnic to jointly discuss the provision of qualified workers to support this big project," he said.

He asserted that the human resources in the area will not be outdone by the power from outside East Kalimantan.

"Please maximize this opportunity," he said.

Awang asked the younger generation of East Kalimantan to immediately attend training in a number of Training Center (BLK) in East Kalimantan.

"Now it cannot happen again," he said.

He added that this megaproject will be groundbreaking by President Joko Widodo in January 2018.

"God willing, President Jokowi is coming," he said.

In order to welcome the arrival of President Jokowi to East Kalimantan, on January 5, 2018 coordination meeting between representatives of the Ministry of Economy, Ministry of Manpower, PT Pertamina, East Kalimantan Provincial Government, Balikpapan City Government, Samarinda City Government, Bontang City Government and PPU .

For information, the Refinery Development Masterplan Program (RDMP) in Balikpapan, Pertamina has established PT Wijaya Karya (WIKA) as the executor, and state-owned banks as a source of working capital financing. The Pertamina refinery expansion project in Balikpapan consists of two stages, each targeting to be completed by 2019 and 2021. This target is 22 months faster than the targeted previously.

Meanwhile, the capacity of the oil processing infrastructure is targeted to increase from 260,000 to 360,000 barrels per day. In addition to capacity, the fuel products from the refinery will also be upgraded from the original emission standard from Euro 2 to Euro 5.

IN INDONESIA

Proyek Prioritaskan Tenaga Kerja Lokal

Gubernur Kalimantan Timur-Awang Faroek Ishak memastikan proyek perluasan kilang minyak PT Pertamina di Balikpapan akan membutuhkan sekitar 20,000-30.000 tenaga kerja dengan prioritas pada sumber daya manusia lokal.

Kepastian ini dinyatakan langsung oleh Awang seusai rapat bersama manajemen PT Pertamina dan Menteri Koordinator Bidang Perekonomian di Jakarta baru-baru ini.

“Saya mengingatkan agar penerimaan tenaga kerja untuk megaproyek itu memprioritaskan warga Kalimantan Timur, kilang harus dibangun oleh tenaga lokal," ujar Awang di laman resmi Pemerintah Provinsi Kalimantan Timur.

Usulan itu, kata Gubernur, disambut baik Menteri Koordinator Perekonomian Darmin Nasution dan manajemen Pertamina. Meskipun mengutamakan tenaga kerja Kalimantan Timur, prioritas dari aspek teknis dalam proyek perluasan pembangunan kilang minyak tersebut menuntut ketersediaan teriaga terampil sesuai dengan bidang perminyakan.

Awang meminta generasi muda Kalimantan Timur segera mengikuti pelatihan di sejumlah Balai latihan Kerja (BLK) di Kalimantan Timur.

“Organisasi Perangkat Daerah [OPD] lingkup Pemerintah Provinsi Kalimantan Timur temasuk BLK, dan Politeknik untuk bersama-sama mendiskusikan penyediaan tenaga kerja berkualitas untuk mendukung proyek besar ini,” katanya.

Dia menegaskan dengan begitu SDM di daerah tidak akan kalah dengan tenaga dari luar Kalimantan Timur. 

“Silakan maksimalkan kesempatan ini,” ungkapnya.

Awang tidak menampik jika secara umum, pembangunan proyek strategis cenderung menggunakan jasa tenaga-tenaga dari luar daerah. 

“Sekarang ini tidak boleh terjadi lagi," ujarnya.

Dia menambahkan, megaproyek ini akan di groundbreaking oleh Presiden Joko Widodo pada Januari 2018. 

"lnsya Allah Presiden Jokowi akan datang," katanya.

Dalam rangka menyambut kedatangan Presiden Jokowi ke Kalimantan Timur, maka pada 5 Januari 2018 akan diselenggarakan rapat koordinasi antar perwakilan Kementerian Perekonomian, Kementerian Tenaga Kerja, PT Pertamina, Pemerintah Provinsi Kalimantan Timur, Pemerintah kota Balikpapan, Pemerintah kota Samarinda, Pemerintah kota Bontang, dan PPU.

Sebagai informasi, Proyek Refinery Development Masterplan Program (RDMP) di Balikpapan, Pertamina sudah menetapkan PT Wijaya Karya (WIKA) sebagai pelaksana, dan bank-bank BUMN sebagai sumber pembiayaan modal kerja. Proyek perluasan kilang Pertamina di Balikpapan terdiri dari dua tahap, yang masing-masing ditarget rampung pada 2019 dan 2021. Target ini lebih cepat 22 bulan dibandingkan dengan yang ditargetkan sebelumnya.

Adapun, kapasitas infrastruktur pengolahan minyak itu ditarget bertambah, dari semula 260.000 menjadi 360.000 barel per hari. Selain kapasitas, produk BBM dari kilang tersebut juga akan di upgrade standar emisinya dari yang semula masih Euro 2 menjadi Euro 5.

Bisnis Indonesia, Page-11, Saturday, Dec 30, 2017

Upstream Oil and Gas Industry Expected Increasingly Passionate

The government has issued seven incentives for the upstream oil and gas sector. The incentives are contained in Government Regulation No. 53/2017 concerning tax treatment on upstream oil and gas business activities with profit sharing contracts of gross split.

Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar said the incentives will apply during the exploration period until the start of production. He hopes the existence of such incentives can stimulate upstream oil and gas investment.

"We hope that next year's auction of oil and gas blocks can be more attractive because of the scheme for gross split, plus the tax regulation," said Arcandra to reporters in Jakarta.

Incentives provided through Government Regulation (PP) no. 53/2017, inter alia, import duty-free, non-resident tax (VAT), and sales tax on luxury goods (PPnBM) are not subject to the acquisition and use of oil and gas operations and services.

In addition, Article 22 income tax (PPh) is also not subject to imports of oil and gas operations, 100% reduction in land and building tax (PBB) and utilization of oil and gas joint assets not subject to VAT.

Government Regulation No. 53/2017 also extends the withholding of income tax from 5 years to 10 years and does not impose VAT in indirect costs of head office.

"If the previous regulation Government Regulation no. 27/2017 states that such incentives apply only during the exploration period. The current Government Regulation is valid until the first production oil comes out, "said Arcandra.

He claims the seven incentives are in accordance with the aspirations of the contractors of the cooperation contract (KKKS). Therefore, he expects more and more oil and gas blocks to be auctioned. 

     According to Arcandra, next year, the Ministry of Energy and Mineral Resources will re-open the auction of oil and gas blocks that were previously unsold during 2015-2017. In addition, there will be new oil and gas blocks to be offered starting January 2018.

"This is in accordance with the proposed KKKS requesting tax relief from exploration to exploitation," he said.

IN INDONESIA

Indutri Hulu Migas Diharapkankan Semakin Bergairah

Pemerintah telah mengeluarkan tujuh insentif untuk sektor hulu minyak dan gas bumi. Insentif tersebut ada didalam  Peraturan Pemerintah Nomor 53/2017 tentang perlakuan perpajakan pada kegiatan usaha hulu migas dengan kontrak bagi hasil gross split.

Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengatakan insentif tersebut akan berlaku selama masa eksplorasi hingga dimulainya produksi. Ia berharap keberadaan insentif tersebut bisa menggairahkan investasi hulu migas.

“Kita berharap lelang blok migas tahun depan bisa lebih menarik karena skema bagi hasil gross split, ditambah peraturan perpajakan ini,” ucap Arcandra kepada wartawan di Jakarta.

Insentif yang diberikan lewat Peraturan Pemerintah (PP) No. 53/2017, antara lain, bebas bea masuk impor, pajak pertambahan nliai (PPN), dan pajak penjualan atas barang mewah (PPnBM) tidak dikenai terhadap perolehan dan pemanfaatan barang dan jasa operasi migas. 

Selain itu, pajak penghasilan (PPh) Pasal 22 juga tidak dikenai terhadap impor barang operasi migas, pengurangan pajak bumi dan bangunan (PBB) sebanyak 100% dan pemanfaatan aset bersama migas tidak kena PPN.

Peraturan Pemerintah No 53/2017 juga memperpanjang penangguhan PPh dari 5 tahun menjadi 10 tahun dan tidak mengenakan PPN dalam biaya tidak langsung kantor pusat. 

“Kalau aturan sebelumnya Peraturan Pemerintah No. 27/2017 menyatakan insentif tersebut hanya berlaku selama masa eksplorasi. Peraturan Pemerintah yang sekarang berlaku sampai minyak produksi pertama keluar,” kata Arcandra.

Ia mengklaim tujuh insentif tersebut sudah sesuai dengan aspirasi para kontraktor kontrak kerja sama (KKKS). Karena itu, ia berharap makin banyak blok migas yang laku dilelang. 

     Menurut Arcandra, pada tahun depan, Kementerian ESDM akan membuka kembali lelang blok migas yang sebelumnya tidak laku selama 2015-2017. Selain itu, akan ada blok migas baru yang akan ditawarkan mulai Januari 2018. 

“Ini sesuai dengan usulan KKKS yang meminta keringanan pajak mulai eksplorasi sampai dengan eksploitasi,” ujarnya.

Media Indonesia, Page-17, Saturday, Dec 30, 2017

Gross-split tax rule issued

The government has issued a long-awaited regulation on tax treatment for upstream oil and gas contractors operating under the gross-split mechanism, thus paving the way for it to soon conclude the auction of dozens of oil and gas blocks across the country.

Business players have repeatedly complained over the absence of clear guidelines for taxation in the gross-split scheme despite its first application to the Offshore Northwest Java (ONWJ) oil and gas block in January. The ONWJ block is operated by state energy giant Pertamina.

The gross-split scheme requires investors to pay for exploration and production costs instead of relying on the governmentfs reimbursement as seen under the previous cost recovery scheme.  Now, investors might be able to breathe a sigh of relief after President Joko “Jokowi” Widodo signed on Wednesday Government Regulation (PP) No. 53/2017 on tax treatment for gross-split contractors, which was then enacted into law a day later.

“As initially expected, there were several key points in the new regulation, including one allowing contractors to carry forward losses for 10 years,” Deputy Energy and Mineral Resources Minister Arcandra Tahar said Thursday.

The previous stipulation allowed contractors to carry forward losses within a period of five years. Furthermore, PP No. 53/2017 imposes an income tax of 20 percent for compensation received by a contractor in Financing a partner for the purpose of upstream operations. Transfer of participating interest during an exploration phase is also subject to 5 percent tax, and 7 percent ifit occurs in the exploitation phase.

Then, each contractor is obligated to meet domestic market obligation (DMO) of 25 percent of its oil and gas production. The government, if needed, can also substitute a contractors income tax with additional shares of production. The government also provides a number of incentives for gross-split contractors. 

     For upstrea oil-related activities, contractors are exempted from the obligation of paying import duties during the exploration and exploitation phases until the beginning of the commercial production stage.

Value-added tax (PPN) and luxury tax (PPnBM) will also be scrapped from certain goods and service sused to support oil-related activities. Moreover, there is also a 100 percent reduction in land and building tax (PBB) in a contractor’s notification of tax due.

In using and sharing state facilities, contractors Will not be required to pay for PPN as Well. Moreover, the Energy and Mineral Resources Ministry is allowed to adjust a contractor’s split and incentives by considering the economic condition at an oil and gas field.

“As the regulation has been issued, We will officially close our oil and gas auction tomorrow [Friday],” Arcandra said.

The lack of a taxation mechanism in the gross-split scheme is seen as one of the reasons this year’s tender for 15 oil and gas working areas has been unsuccessful since its launch in May. While the deadline had initially been set to September at the latest, the government had extended it to Dec. 31 to accommodate the new regulation. 

The new regulation has sparked hope for oil and gas businesspeople, many of Whom had been waiting for the tax regulation with bated breath. Sammy Hamzah, the head of the Indonesian Employers Association (Apindo) energy and mineral resources division, said that most contractors would likely welcome the new regulation as it provided legal certainty in the gross-split taxation.

“This would be a very good thing if the taxation and fiscal variables have been regulated. I will have to study it first,” he told The Jakarta Post.

The Jakarta Post, Page-13, Friday, Dec 29, 2017

Government Issue Government Tax Regulation Gross Split

The Government finally established Government Regulation no. 53 of 2017 concerning tax treatment on contracts of the scheme of gross profit sharing scheme (gross split). Along with the release of this regulation, the government also decided to close oil and gas block auction on December 29, 2017.

Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar said the contents of the regulation is not different from the draft that has been proposed. The promised incentives are also not amended, including oil and gas companies will be given a 10-year tax loss carry forward and indirect tax exemption.

"Just like the draft, nothing changes, all the same as expected," he said.

Based on Government Regulation number 53/2017, the provision of tax loss carry forward is set forth in Article 18 Paragraph 2. This Article states that in the case of income after deduction of operating expenses, the compensation shall be offset with income starting next fiscal year up to 10 years.

Taxable income for contractors is calculated on the basis of net income less compensation for losses.

While other incentives are stated in Articles 25 to 27. In Article 25 mentioned there are fiscal facilities that can be obtained by the contractor at the exploration and exploitation stage until the start of production.

First, the exemption of import duty on the import of goods used during the operation. Second, the reduction of the land and building tax (PBB) amounts to 100% of the tax payable.

The next incentive is that there are no levies on Value Added Tax (VAT) or Value Added Tax and Sales Tax on Luxury Goods (PPnBM) payable related to the acquisition of taxable goods or services, import of taxable goods, the utilization of intangible taxable goods from outside the customs area within the customs area and/or the utilization of taxable services from outside the customs area within the customs area used in the framework of petroleum operations.

Finally, there is no collection of income tax (Government Regulation) Article 22 on the import of goods which have obtained facilities of exemption from import duty as referred to in paragraph 1 Letter a.

Furthermore, in the case of exploitation, there is excess capacity in the field processing facilities, transport, storage, and sales of contractors may utilize the excess capacity for other contractors to use based on the principle of cost sharing or the use of shared facilities.

The imposition of joint facility operating costs by the contractor in order to utilize the goods is allocated proportionally. Furthermore, the imposition of indirect cost allocation of head office is not subject to withholding of Government Regulation and is not subject to Government Regulation.

Article 25 also stipulates that taxation facilities which have been granted that the designation is not in the context of petroleum operations shall be paid. Then, the provision of facilities is regulated in ministerial regulations.

Arcandra said the incentives that would be regulated in this ministerial regulation is compensation of indirect taxes with additional profit sharing for contractors.

"In the Government Regulation, the relationship exists, based on the economics of the split. Maybe it could be linked, "he said.

Government Regulation number 53/2017 also provides details relating to the costs of deducting taxable income. Article 6 states that operating expenses covering exploration, exploitation and other categories that have been incurred can be calculated as deductible of taxable income.

Meanwhile, costs in other categories include the cost of moving oil and gas from the point of production to the point of delivery, the cost of postoperative activities and marketing costs. Then, the cost of reimbursing the investment to the previous contractor when the contract expires and other costs associated with petroleum operations.

Upstream Director of PT Pertamina Syamsu Alam welcomes the issue of tax regulation in this gross split contract. Beleid is judged to be able to improve the economy of upstream oil and gas projects.

"In the future, of course, we still have to be effective and efficient in managing oil and gas operations," he said.

Close Auction

Since the Government Regulation on Gross Split Tax has been set, the government will not extend the auction of the oil and gas block that ends on December 29, 2017. Unfortunately, he is reluctant to specify how many auction documents are re-entered by the oil and gas company, at least there are three documents.

"We close the auction. We are closed because the Government Regulation has been issued and there is no change, "he said.

As it is known, the government has expanded the third time auction of oil and gas blocks in the first phase of 2017. The oil and gas block auction continues to be postponed due to waiting for the government regulation that regulates the taxation of gross split oil and gas contract.

Not only that, in September, the government set Ministerial Regulation number 52/2017 which is a revision of Ministerial Regulation 8/2017 which became the basis of gross split oil and gas contract.

In the last announcement, the retrieval of the auction document of the oil and gas blocks is extended until December 24, 2017. Furthermore, the limit of the submission of tender documents shall be until 31 December 2017.

Initially, when it was announced in May, the deadline for an auction of oil and gas blocks of direct bidding scheme was set on July 19. The block auctioned by the government recorded 15 oil and gas blocks, 10 conventional oil and gas blocks and five unconventional oil and gas blocks.

A total of 10 blocks of oil and gas have the potential of oil reserves of about 830 million barrels and 22 trillion cubic feet of gas. While oil potential for five non-conventional oil and gas blocks is about 640 million barrels and gas 17 trillion cubic feet.

oil and gas blocks auctioned

For conventional oil and gas blocks auctioned through direct offerings are the Andaman I Block and the Andaman II Block off the coast of Aceh, South Tuna Block off the Natuna coast, Lampung Merak Block offshore and Banten-Lampung mainland, Pekawai Block off the coast of East Kalimantan, West Yamdena Block offshore and mainland Maluku, and Kasuri III Block in West Papua.

While Blocks are offered with regular auctions namely Tongko Block offshore Natuna, East Tanimbar Block off the coast of Maluku, and Mamberano Block on the mainland and off Papua monitor.

Furthermore, three unconventional oil and gas blocks auctioned through direct offer were Block MNK Jambi I in Jambi, Block MNK II in Jambi and Sumatera, and West Air Komering GMB Block in South Sumatra. Finally, the GMB Raja and GMB Bungamas blocks in South Sumatra are offered through regular auctions.

IN INDONESIA

Pemerintah Terbitkan Peraturan Pemerintah Pajak Gross Split  

Pemerintah akhirnya menetapkan Peraturan Pemerintah No. 53 Tahun 2017 tentang perlakuan pajak pada kontrak kerja sama skema bagi hasil kotor (gross split). Bersamaan dengan keluarnya regulasi ini, pemerintah juga memutuskan untuk menutup lelang blok migas pada 29 Desember 2017.

Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengatakan, isi dari peraturan tersebut tidak berbeda dengan draf yang telah diusulkan pihaknya. Insentif yang dijanjikan juga tidak diubah, diantaranya yakni perusahaan migas akan memperoleh penangguhan pembayaran pajak penghasilan (tax loss carry forward) selama 10 tahun dan pembebasan pajak-pajak tidak langsung.

“Sama seperti draft, tidak ada perubahan, semua sama sesuai harapan,” kata dia.

Berdasarkan Peraturan Pemerintah nomor 53/2017, ketentuan tax loss carry forward diatur pada Pasal 18 Ayat 2. Pasal ini menyatakan, dalam hal penghasilan setelah pengurangan biaya operasi didapat kerugian, maka dikompensasikan dengan penghasilan mulai tahun pajak berikutnya berturut-turut sampai dengan-10 tahun. 

Penghasilan kena pajak bagi kontraktor dihitung berdasarkan penghasilan netto dikurangi dengan kompensasi kerugian. Sementara insentif lainnya dinyatakan dalam Pasal 25 hingga Pasal 27. Dalam Pasal 25 disebutkan terdapat fasilitas fiskal yang bisa didapatkan kontraktor pada tahap eksplorasi dan eksploitasi sampai mulai produksi.

Pertama, pembebasan pungutan bea masuk terhadap impor barang yang digunakan selama kegiatan operasi. Kedua, pengurangan pajak bumi dan bangunan (PBB) sebesar 100% dari pajak yang terutang.

Insentif berikutnya yakni tidak ada pungutan atas Pajak Pertambahan Nilai (PPN) atau Pajak Pertambahan Nilai dan pajak Penjualan terhadap Barang Mewah (PPnBM) yang terutang terkait perolehan barang atau jasa kena pajak, impor barang kena pajak, pemanfaatan barang kena pajak tidak berwujud dari luar daerah pabean di dalam daerah pabean dan atau pemanfaatan jasa kena pajak dari luar daerah pabean di dalam daerah pabean yang digunakan dalam rangka operasi perminyakan.

Terakhir, tidak dilakukan pemungutan pajak penghasilan (Peraturan Pemerintah) Pasal 22 atas impor barang yang telah memperoleh fasilitas pembebasan dari pungutan bea masuk sebagaimana dimaksud Ayat 1 Huruf a.

Selanjutnya, dalam hal pada eksploitasi terdapat kapasitas berlebih pada fasilitas pengolahan lapangan, pengangkutan, penyimpanan, dan penjualan kontraktor dapat memanfaatkan kelebihan kapasitas untuk digunakan kontraktor lainnya berdasarkan prinsip cost sharing atau penggunaan fasilitas bersama. 

     Pembebanan biaya operasi fasilitas bersama oleh kontraktor dalam rangka pemanfaatan barang dialokasikan secara proporsional. Lalu, pembebanan alokasi biaya tidak langsung kantor pusat tidak dilakukan pemotongan Peraturan Pemerintah dan tidak dikenai Peraturan Pemerintah.

Pasal 25 ini juga mengatur bahwa fasilitas perpajakan yang telah diberikan yang peruntukannya tidak dalam rangka operasi perminyakan wajib dibayar. Kemudian, pemberian fasilitas diatur dalam peraturan menteri.

Arcandra menyebutkan, insentif yang bakal diatur dalam peraturan menteri ini yakni kompensasi pajak-pajak tidak langsung dengan tambahan bagi hasil untuk kontraktor. 

“Di Peraturan Pemerintah hubungannya ada, berdasarkan keekonomian pemberian split. Mungkin bisa dikaitkan,” ujarnya.

Peraturan Pemerintah nomor  53/2017 juga memberikan rincian terkait biaya-biaya yang menjadi pengurang penghasilan kena pajak. Pada Pasal 6 disebutkan bahwa biaya operasi meliputi kegiatan eksplorasi, eksploitasi dan kategori lainnya yang telah dikeluarkan dapat diperhitungkan sebagai pengurang penghasilan kena pajak.

Adapun, biaya dalam kategori lainnya termasuk biaya pemindahan migas dari titik produksi ke titik serah, biaya kegiatan pasca operasi dan biaya pemasaran. Kemudian, biaya penggantian investasi kepada kontraktor sebelumnya bila masa kontrak berakhir dan biaya lain yang terkait dengan kegiatan operasi perminyakan.

Direktur Hulu PT Pertamina Syamsu Alam menyambut baik keluarnya regulasi soal perpajakan dalam kontrak gross split ini. Beleid ini dinilainya bakal mampu memperbaiki keekonomian proyek-proyek hulu migas. 

“Ke depan, tentu kami tetap harus efektif dan efisien dalam mengelola operasi migas," katanya.

Tutup Lelang

Karena Peraturan Pemerintah Pajak Gross Split telah ditetapkan, pemerintah tidak akan memperpanjang lelang blok migas yang berakhir pada 29 Desember 2017. Sayangnya, dia enggan merinci berapa banyak dokumen lelang yang dimasukkan kembali oleh perusahaan migas, minimal disebutnya terdapat tiga dokumen.

“Kami tutup lelangnya. Kami tutup karena Peraturan Pemerintah-nya sudah keluar dan tidak ada perubahan,” tuturnya.

Seperti diketahui, pemerintah sudah kali ketiga memperpanjang masa lelang blok migas tahap pertama 2017. Lelang blok migas terus ditunda penutupannya karena menunggu keluarnya peraturan pemerintah yang mengatur tentang perpajakan kontrak migas gross split. 

Tidak hanya itu, pada September lalu, pemerintah menetapkan Peraturan Menteri nomor 52/2017 yang merupakan revisi Peraturan Menteri  8/2017 yang menjadi dasar kontrak migas gross split. Dalam pengumuman terakhir, pengambilan dokumen lelang blok migas diperpanjang hingga 24 Desember 2017. Selanjutnya batas pemasukann dokumen lelang diberi waktu hingga 31 Desem-

ber 2017.

Awalnya, ketika diumumkan dibuka pada Mei lalu, batas waktu lelang blok migas skema penawaran langsung ditetapkan pada 19 Juli. Adapun blok yang dilelang oleh pemerintah tercatat terdapat 15 blok migas, 10 blok migas konvensional dan lima blok migas nonkonvensional. 

Sebanyak 10 blok migas konvensional ini memiliki potensi cadangan minyak sekitar 830 juta barel dan gas 22 triliun kaki kubik. Sementara potensi minyak untuk lima blok migas non-konvensional sekitar 640 juta barel dan gas 17 triliun kaki kubik.

Untuk blok migas konvensional yang dilelang melalui penawaran langsung adalah Blok Andaman I dan Blok Andaman II di lepas pantai Aceh, Blok South Tuna di lepas pantai Natuna, Blok Merak Iampung di lepas pantai dan daratan Banten-Lampung, Blok Pekawai di lepas pantai Kalimantan Timur, Blok West Yamdena di lepas pantai dan daratan Maluku, dan Blok Kasuri III di Papua Barat. 

Sementara Blok yang ditawarkan dengan lelang reguler yakni Blok Tongko di lepas pantai Natuna, Blok East Tanimbar di lepas pantai Maluku, dan Blok Mamberano di daratan dan lepas pantau Papua.

Selanjutnya, tiga blok migas nonkonvensional dilelang melalui penawaran langsung adalah Blok MNK Jambi I di Jambi, Blok MNK II di Jambi dan Sumatera, serta Blok GMB West Air Komering di Sumatera Selatan. Terakhir, Blok GMB Raja dan GMB Bungamas di Sumatera Selatan ditawarkan melalui lelang reguler.

Media Indonesia, Page-17, Friday, Dec 29, 2017