Currently, the demand for fuel oil (BBM) of Indonesian society, is still high, reaching 1.6 million barrels per day (bpd). Pertamina's refinery production capacity is only about 800,000 bph. Indonesia desperately needs new refineries.
The need for a new refinery is urgent. This is so that Indonesia does not continuously import BBM. So the government together with Pertamina launched a four-refinery revitalization program called the Refinery Development Master Plan (RDMP) and the construction of two new refineries in the New Grass Root Refinery (NGRR) project. Due to limited funding, Pertamina is partnering with Saudi Aramco for the Cilacap-Central Java RDMP project. Medium Rosneft-Russia in Tuban-East Java NGRR project.
In the near future, this state-owned company will announce partners in the Bontang NGRR project. Sinopec's strong candidate. The presence of these business partners makes Pertamina's burden less. Understandably, Pertamina difficulties with tight finances.
Pertamina Finance Director Arief Budiman said Pertamina should seek other funding, one of them through project financing. The project financing ratio is 40:60 or 30:70. Pertamina has also done market sounding For the Balikpapan RDMP project and Tuban NGRR.
"For the Balikpapan project, we started our own project, in Tuban, we are market sounding with our partners," Arief said on Tuesday (13/6). In addition to funding, Pertamina is still cluttered in the financial records of the refinery project, which has the potential to make poor financial statements.
The reason, for investment RDMP requires funds of about US $ 5 billion and NGRR between US $ 12 billion US $ 13 billion. As a result, Pertamina tries to find a solution by reversing the target of completion of a number of refinery projects. Previously, Pertamina targeted RDMP Balikpapan stage 1 completed in 2019. While RDMP Balikpapan stage 2 could be finished in 2021.
The completion of the Cilacap RDMP, which had been targeted for completion in 2021, had to be postponed to 2023. In addition, the completion of the Tuban NGRR project is also late from 2022 to 2024.
The government does not want that solution. Because the needs of the refinery is very urgent. So the government gives privileges to Pertamina not to follow the recording of financial statements. In accordance with the Interpretation of Financial Accounting Standard (ISAK) 8 and its financial statements are not listed in the Financial Services Authority (OJK).
This solution has been granted to PT Perusahaan Listrik Negara (PLN) which bears the burden of a 35,000 MW megaproject. The president said that please finish with PLN, "said EMR Deputy Minister of Energy and Mineral Resources, Friday (16/6) .This way the completion of the refinery project does not miss the target My understanding is that the President wants the refinery to be built.
Upstream Oil and Gas Investment Up 2017 Up
At the time of the world oil price decline, the government targets that by 2017 upstream oil and gas (oil and gas) investment will increase by 25% compared to 2016. Until May 2017, the realization of upstream oil and gas investment has reached US $ 3.72 billion. Since 2015, upstream oil and gas investment has tended to decline. Income from this sector also fell, both for the government and contractors
IN INDONESIA
Beban Berat Proyek Kilang di Pundak Pertamina
Saat ini, kebutuhan bahan bakar minyak (BBM) masyarakat Indonesia, terbilang masih tinggi, yakni mencapai 1,6 juta barel per hari (bph). Sedangkan kapasitas produksi kilang milik PT Pertamina hanya sekitar 800.000 bph. Indonesia sangat butuh kilang baru.
Kebutuhan kilang baru sangat mendesak. Ini agar Indonesia tidak terus menerus mengimpor BBM. Makanya pemerintah bersama Pertamina mencanangkan program revitaslisasi empat kilang yang disebut Refinery Development Master Plan (RDMP) dan pembangunan dua kilang baru dalam proyek New Grass Root Refinery (NGRR). Karena pendanaan terbatas, Pertamina menggandeng Saudi Aramco untuk proyek RDMP Cilacap-Jawa Tengah. Sedang Rosneft-Rusia di proyek NGRR Tuban-Jawa Timur.
Dalam waktu dekat, perusahaan milik pemerintah ini akan mengumumkan mitra di proyek NGRR Bontang. Kandidat kuatnya Sinopec. Kehadiran mitra bisnis ini membuat beban Pertamina berkurang. Maklum, Pertamina kesulitan dengan keuangan yang ketat.
Direktur Keuangan Pertamina Arief Budiman bilang, Pertamina harus mencari pendanaan lain, salah satunya lewat project financing. Rasio project Financing adalah 40:60 atau 30:70. Pertamina juga sudah melakukan market sounding untuk proyek RDMP Balikpapan dan NGRR Tuban.
"Untuk proyek Balikpapan, kami mulai sendiri. Di proyek Tuban, kami market sounding bersama mitra," kata Arief Selasa (13/6) lalu. Selain pendanaan, Pertamina masih berantakan dalam pencatatan keuangan proyek kilang, yang berpotensi membuat laporan keuangan kurang baik.
Pasalnya, untuk investasi RDMP memerlukan dana sekitar US$ 5 miliar dan NGRR antara US$ 12 miliar US$13 miliar. Alhasil, Pertamina mencoba mencari solusi dengan memundurkan target penyelesaian sejumlah proyek kilang. Sebelumnya, Pertamina menargetkan RDMP Balikpapan stage 1 selesai tahun 2019. Sementara RDMP Balikpapan stage 2 bisa selesai pada tahun 2021.
Untuk penyelesaian RDMP Cilacap yang tadinya ditargetkan selesai pada tahun 2021 terpaksa ditunda menjadi tahun 2023. Selain itu, penyelesaian proyek NGRR Tuban juga telat dari tahun 2022 menjadi 2024.
Pemerintah tidak menginginkan solusi itu. Pasalnya, kebutuhan kilang sudah sangat mendesak. Maka pemerintah memberikan keistimewaan kepada Pertamina tidak mengikuti pencatatan laporan keuangan. Sesuai Interpretasi Standar Akuntansi Keuangan (ISAK) 8 dan laporan keuangannya tidak dicatatkan di Otoritas Jasa Keuangan (OJK).
Solusi ini telah diberikan ke PT Perusahaun Listrik Negara (PLN) yang menanggung beban megaproyek 35.000 MW. Presiden bilang tolong selesaikan dengan cara PLN," kata Wakil Menteri ESDM Arcandra Tahar, Jumat (16/6). Dengan begitu penyelesaian proyek kilang tidak meleset dari target. Pengertian saya, Presiden tetap ingin kilang dibangun.
Investasi Hulu Migas Tahun 2017 Naik
Di saat penurunan harga minyak dunia, pemerintah menargetkan pada tahun 2017 ini investasi hulu minyak dan gas (migas) kembali naik sekitar 25% di bandingkan realisasi tahun 2016 Ialu. Hingga Mei 2017, realisasi investasi hulu migas ini sudah mencapai US$ 3,72 miliar. Sejak tahun 2015, investasi hulu migas cenderung menurun. Penerimaan dari sektor inipun turun, baik untuk jatah pemerintah maupun kontraktor
Kontan, Page-14, Wednesday, June 21, 2017
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