Since January-September 2016, there has only been one proposal for field development plan / POD phase I. The contractor will submit a phase I PoD if they find new reserves in one oil and gas field that they are currently working on. The development plan contains the target time of the project, oil and gas reserves, and the scale of the field economy.
The Director of Upstream Oil and Gas Business Development at the Ministry of Energy and Mineral Resources said, this year the contractors tend not to be interested in developing oil and gas fields.
Submission of the plan of development plan / PoD phase I go to the Directorate General of Oil and Gas after obtaining approval from SKK Migas to be approved by the Minister of Energy and Mineral Resources. However, to date, there has only been one proposal for a development plan submitted and received approval from the Minister of Energy and Mineral Resources.
the Nunukan Block, North Kalimantan
The proposal is PoD I Badik Field and West Badik in the Nunukan Block, North Kalimantan, which is operated by PT Pertamina Hulu Energi Nunukan. He considered the low interest of contractors to enter the development stage of the oil and gas field due to the still low oil prices.
This is because some of the fields that have been projected to enter the development stage were canceled because they did not match the economies of scale when oil prices were the US $ 40-US $ 50 per barrel.
Working Area Oil and Gas Chevron in Indonesia
KKKS also chose to postpone the oil and gas field development stage until the oil price improves. Some projects that should have submitted PoD I are the Kasuri Block, Papua (Genting Oil), Indonesia Deepwater Development (Chevron), Abadi Field, the Masela Block (Inpex).''
KASURI BLOCK.
SKK Migas Chief Spokesman Taslim Z. Yunus said, to date, there is one PoD I which is still in process, namely the Kasuri Block operated by Genting Oil.
The development of the Kasuri Block is still hampered due to the uncertain selling prices and gas buyers. The price of gas offered by Genting Oil is not in accordance with the ability of gas buyers. PT PLN and PT Pupuk Indonesia are potential gas buyers from the Kasuri Block.
the Kasuri Block Papua
On the other hand, the price desired by potential buyers has not been able to make the project take place according to economies of scale. Submission of other development plans is a Plan Of Further Development / POFD as proposed by Petronas Carigali Muriah Ltd. against the Ketapang Block, East Java.
The continued development of the Ketapang Block is still lining up at SKK Migas. Taslim was reluctant to mention further because the submission of the existing development plan was still in process and not necessarily immediately approved without revision.
Based on SKK Migas data, from January to April 2016, there was an approved development plan approval. First, 14 POFD agreements, namely Muara Tanjung Una Field, Kuala Simpang Barat Well (Pertamina EP), Minas Phase2 Field, Candi Field, Pematang Field.
Pungut Field, Pager Field Ubi Field, Minas Phase-3 Field, Pinang Field, Puncak Field, North Galaa Field, Kotabatak Phase-3 Field in Rokan Block (Chevron).
PetroChina International Jabung
Second, two agreements on the PoD of NEB-UTAF and Sabar fields, Blok Jabung (PetroChina International Jabung) and Field Sturdy, Block Rokan (Chevron). Third, Put on Production (PoP) approval for the Pondok Mulia Well (Pertamina EP). Fourth, approval of PoD I at Badik and West Badik Field, Blok Nunukan.
Bisnis Indonesia, Page-30, Friday, Oct 14, 2016
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