This investment is mostly used to finance oil and gas production activities, followed by development and exploration. In detail, the costs for the exploitation block are the US $ 10.3 billion and the exploration blocks are US $ 94 million. So the main component of expenditure is for production.
He explained that the investment realization was still below the target of US $ 12 billion because the number of several activities carried out had not been as planned. In detail, the realization of exploration well drilling was recorded at only 43 units of the target of 67 units and new development drilling wells of 223 wells out of the target of 245 wells.
Blogger Agus Purnomo in SKK Migas
"Until the end of the year, the possibility of realizing investment is the only US $ 11.4 billion," said Deputy of Financial Control of SKK Migas, Parulian Sihotang.
The decline in the number of oil and gas activities is the main cause. However, SKK Migas noted that there were 10 new oil and gas production facilities that could be completed in 2016.
In detail, Train-B Blok Cepu by ExxonMobil Cepu Limited (EMCL), onshore receiving facility (ORF) Bukit Tua Field by Petronas Carigali Ketapang 2 Limited,
Blogger Agus Purnomo in Petronas Carigali Ketapang
Donggi and Pondok Makmur by PT Pertamina EP Dayung Compression-2 by ConocoPhilips Grissik Ltd, IDD Bangka by Chevron Indonesia Company, North Duri Development Area 13 by PT Chevron Pacific Indonesia, Karendan by Ophir Energy, KRA South by Star Energy Kakap Ltd, and Ario Damar-Sriwijaya Phase 1 by Tropik Pandan Energy.
Although the investment is below the plan, SKK Migas is optimistic that it can achieve the oil and gas production and lifting targets in accordance with the 2016 Revised State Budget. Amien explained that as of 30 November, oil production was recorded at 833 thousand BPD and gas 7,966 mmscfd.
Meanwhile, the realization of oil lifting was 821.23 thousand BPD and gas 6,643 mmscfd. Based on this realization, SKK Migas estimates that the achievement by the end of the year will exceed the oil target of 820 thousand BPD and gas 6,438 mmscfd. In detail, the estimated oil production is 831.5 thousand BPD and gas 7,945 mmscfd.
Meanwhile, the outlook for lifting until the end of the year will be the same as the realization this November, namely 2 million barrels of oil equivalent per day from the target of 1.9 million barrels of oil equivalent per day.
"So from production and lifting, we are optimistic that what is set in the 2016 Revised State Budget will be achieved," said Amien.
This year, SKK Migas has approved 27 development plans / PODs as well as plans of future development / POFD. The entire POD and POFD are estimated to be able to increase oil and gas reserves by 204 million barrels of oil equivalent. From this POD there is also an oil and gas investment plan in the future of up to the US $ 2.85 billion.
"From a total of 27 POD and POFD, the government can receive the US $ 6.55 billion," he said.
The estimated gross revenue from oil and gas until December 31 will reach the US $ 23.98 billion. This figure includes a cost recovery of US $ 11.47 billion. Net revenue is US $ 12.5 billion, of which the contractor's share in the US $ 3.22 billion and the government is the US $ 9.29 billion.
"This is decreasing from last year," he said.
Investor Daily, Page-9, Tuesday, Dec 6, 2016
No comments:
Post a Comment