IDD Gas Project Gendola Gehem Comes Soon

After a long stop, there is good news also from the second phase of Indonesia Deepwater Development (IDD) project. PT Chevron Indonesia, as the IDD project operator, has submitted a proposal for the revision of IDD plan of development phase II, namely the development of Gendalo-Gehem field.

As is known, the project IDD Stage I of Bangka Field is already in operation. In 2008 Chevron proposed a plan of development with an investment value of US $ 6 billion. Then the investment was revised in 2013 and then became US$ 12 Milliar and the new is currently given a revision again. 

    Deputy Minister of Energy and Mineral Resources Arcandra Tahar said the IDD Project Phase II has already started, but he can not divulge the contents of the proposal, including the decline in investment and incentives in the form of investment credit that Chevron submitted in the proposal POD IDD phase II.

Arcandra just mentioned, last week the government has received a report of the proposal from Chevron IDD and is now being processed by the Special Unit for Upstream Oil and Gas Business Activities (SKK Migas).

"Until where it started already in SKK Migas, not yet, seen again," said Arcandra, Tuesday (25/7) night.

Projected, Gehem field could produce 420 million standard cubic feet per day (mmscfd) gas and 27,000 barrels per hour (bph) of oil. While from Gendalo Field is projected to produce up to 700 mmscfd of gas and 25,000 bpd of oil.

IN INDONESIA

Proyek Gas IDD Gendola Gehem Segera Dimulai

Setelah lama terbengkalai, ada kabar gembira juga dari proyek Indonesia Deepwater Development (IDD) tahap II. PT Chevron Indonesia selaku operator proyek IDD telah memasukkan proposal revisi plan of development IDD tahap II, yaitu pengembangan lapangan Gendalo-Gehem. 

Seperti diketahui, royek IDD Tahap I yakni Lapangan Bangka sudah beroperasi. Pada tahun 2008 Chevron mengajukan proposal plan of development dengan nilai investasi US$ 6 Miliar. Kemudian investasi tersebut direvisi pada tahun 2013 lalu menjadi US$ 12 Milliar dan baru saat ini diberikan revisi lagi. 

     Wakil Menteri ESDM Arcandra Tahar mengatakan proyek IDD Tahap II tersebut sudah dimulai, tapi ia tidak bisa membocorkan isi proposal itu, termasuk mengenai penurunan investasi dan insentif berupa investment credit yang sempat diajukan oleh Chevron dalam proposal POD IDD tahap II. 

Arcandra hanya menyebut, pekan lalu pemerintah telah menerima laporan proposal IDD dari Chevron dan kini sedang diproses oleh Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas). 

"Sampai di mana mulainya sudah di SKK Migas, belum, dilihat lagi,” ujar Arcandra. Selasa (25/7) malam. 

Diproyeksi, lapangan Gehem bisa menghasilkan gas 420 million standart cubic feet  per day (mmscfd) dan minyak 27.000 barrels  per hours (bph). sementara itu dari Lapangan Gendalo diproyeksi akan menghasilkan gas hingga 700 mmscfd dan minyak 25.000 bph. 

Kontan, Page-14, Thursday, July 27, 2017

East Natuna Block Offered to Inpex

The government will offer East Natuna Block to the Japanese oil and gas company, lnpex Corporation, after ExxonMobil and PTT EP Thailand leave from the block. Coordinating Minister for Marine Affairs Luhut Binsar Panjaitan revealed that the offer was a follow-up after ExxonMobil and PTT EP Thailand withdrew from consortium that became East Natuna operator.

"Exxon and PTT are already leaving. So we want to offer [East Natuna Block] to the others. Lnpex. Yes, to Japan, "said Luhut after facing President Joko Widodo at the Presidential Palace Complex on Wednesday (26/7). The consortium previously consisted of three companies. In addition to the US company ExxonMobil and PTT EP Thailand, PT Pertamina as head of the consortium.

"Yes, at least now is Inpex or Japan, the lnpex is his MITI [Ministry of Trade and Industry]," he said.

ExxonMobil chose to leave the East Natuna Block gas development project in the waters of the Riau Archipelago because it is considered incompatible with economies of scale. Previously, Vice President of Public & Government Affairs ExxonMobil Indonesia Erwin Maryoto said, after completing the study together with the consortium, the company did not want to continue the activities and discussions about East Natuna

Technology and market review (TMR) conducted since early 2016. The study aims to identify technology as well as commercial aspects so that the project can be developed according to economies of scale. However, from the market review completed in June 2017 it was found that the project was not worth the investment. In fact, the government wants the development of gas in Natuna waters can be realized because of its leading location and large gas potential.

By the end of 2016, there was an option to immediately sign a cooperation contract. Based on data from the Ministry of Energy and Mineral Resources, East Natuna Block concluded a potential of 222 trilion cubic feet (tcf) with only 46 tcf of which gas could be produced.

IN INDONESIA

Blok East Natuna Ditawarkan ke Inpex

Pemerintah akan menawarkan Blok East Natuna kepada perusahaan minyak dan gas bumi asal Jepang, lnpex Corporation, setelah ExxonMobil dan PTT EP Thailand mundur dari blok tersebut. Menteri Koordinator Bidang Kemaritiman Luhut Binsar Panjaitan mengungkapkan, penawaran tersebut adalah tindak lanjut setelah ExxonMobil dan PTT EP Thailand mundur dari konsorsium yang menjadi operator East Natuna.

“Exxon dan PTT memang sudah hengkang. Jadi kami mau tawarkan [Blok East Natuna] ke yang lain. lnpex. lya, ke Jepang,” kata Luhut usai menghadap Presiden Joko Widodo di Kompleks Istana Kepresidenan, Rabu (26/7). Konsorsium tersebut sebelumnya terdiri dari tiga perusahaan. Selain perusahaan AS ExxonMobil dan PTT EP Thailand, PT Pertamina sebagai pimpinan konsorsium itu. 

“Ya, paling tidak sekarang Inpex atau Jepang, lnpex itu miliknya MITI [Ministry of Trade and lndustry],” ujarnya.

ExxonMobil memilih hengkang dari proyek pengembangan gas Blok East Natuna di perairan Kepualauan Riau karena dinilai tidak sesuai dengan skala keekonomian. Sebelumnya, Vice President Public & Government Affairs ExxonMobil Indonesia Erwin Maryoto mengatakan, setelah nenyelesaikan kajian bersama dengan konsorsium, perusahaan tidak ingin melanjutkan kegiatan maupun pembahasan soal East Natuna. 

Kajian teknologi dan pasar (technology and market review/TMR) dilakukan sejak awal 2016. Kajian itu bertujuan untuk mengidentifikasi teknologi juga aspek komersial sehingga proyek bisa dikembangkan sesuai dengan skala ekonomi.  Namun, dari kajian pasar yang diselesaikan pada Juni 2017 itu didapatkan bahwa proyek tidak layak investasi. Padahal, pemerintah menginginkan agar pengembangan gas di perairan Natuna bisa segera terealisasi karena lokasinya yang terdepan dan potensi gasnya yang besar. 

Pada akhir 2016, sempat terdapat opsi untuk segera meneken kontrak kerja sama. Berdasarkan data Kementerian ESDM, Blok East Natuna menyimpulkan potensi sebesar 222 trilion cubic feet (tcf) dengan hanya 46 tcf gas di antaranya yang bisa diproduksi.

Bisnis Indonesia, Page-30, Thursday, July 27, 2017

Dinner-Breakfast Bargaining The Freeport Dispute

Report From Houston

Sylvia Shirley Malinton complained of the heat. Whereas the popular Gita Cinta singer from high school in the early 1980s was already 1.5 years living in Houston, Texas, United States, and felt the weather city of 2.2 million people on Monday (24/7) is very missed.

"This temperature is 110 degrees [Fahrenheit]. Very hot, let alone very high humidity air, about 80% become hot. Want to enter the AC room alone if so, "said Executive Officer of the Consul General of the Republic of Indonesia in Houston. Shirley is now a career diplomat chosen by her not to be a singer and movie star. These days, he is busy accompanying the group of Energy and Mineral Resources Minister Ignasius Jonan to visit a number of multinational corporations engaged in mining, oil, and gas.

Jonan's first visit schedule with his entourage, Monday, is the headquarters of ConocoPhillips oil company. Then they went on goodwill to General Electric's Baker Hughes oil service company.

In ConocoPhillips, Jonan, who was welcomed by Chairman and CEO Ryan Lance, negotiated a contract on oil and gas field management that would end as South Jambi Block (January 2020). Tuesday morning Jonan visits Chevron and will be accepted by Mary Boroughs, President of Chevron Environment Management Company.

After that in the evening-Wednesday morning Jakarta time, EMR Minister with entourage invited to dinner with Chief Executive Officer Freeport McMoran Richard Adkerson. In a way, Richard Adkerson's dinner invitation was quite sudden. Jonan could not meet the dinner invitation for having to attend dinner with Exxon executives.

The Indonesian delegation who attended the dinner with Freeport was led by Director General of Mineral & Coal Bambang Gatot Anyono. Director of the Central Authority and International Law of the Ministry of Justice and Human Rights Cahyo R. Muzhar also participated in the meeting. He is one of the keys to the Indonesian government if it is forced to meet with Freeport in the international arbitration tribunal. Reportedly, two Cahyo staff met a number of lawyers in Houston since the beginning of this week pending a meeting with Freeport. Actually, since from Jakarta, Jonan is scheduled to hold a breakfast meeting on Wednesday (26/7).

From its name, dinner and breakfast were very informal, although both sides have been involved in such hot talks since early 2017. Why not? Meeting with oil companies like ConocoPhillips, Chevron, ExxonMobil, Baker Hughes, Schlumberger is definitely something crucial. Moreover, the government has just changed the pattern of oil exploration cooperation into a royalty-based gross split scheme from previous cost recovery-cost-based schemes issued by contractors.

However, it can not be denied that meeting with Freeport is the most eagerly awaited public. Moreover, the warming up of this negotiation has been going on for a long time, even had time to circulate information that the Indonesian government has approved the extension scheme of cooperation with Freeport, but later denied.

Houston is as hot as heating up the growing rumors in Jakarta about the meeting. The situation became even more hectic after the union claimed 4,000 Freeport Indonesia workers claimed to extend the strike agenda. In the company's version of the mine, the strike employees are considered to have resigned.

Bisnis Indonesia, the only media invited in this working visit, also felt the atmosphere of inmost member of the delegation. Of course, I ask Jonan, is this a meeting that determines the fate of Indonesian-Freeport business cooperation?

He replied; No! "This is a return visit after Richard Adkerson met me four times in Jakarta. I think, as a courtesy in business, meeting him in Houston is a good thing. "

Jonan insists, until now that he has dinner and breakfast with Richard, the negotiating position has not changed much.

"This is part of the path of a negotiation. Of course, the final decision will be obtained after both sides agree on four important issues related to the negotiations. "

The four crucial issues are the continuation of operations, construction of smelter facilities, divestment of shares, and fiscal provisions.

"Without the two parties agreeing on these four issues, it is not possible to say this negotiation is declared over. Actually, the return of the two parties to the negotiating table is a step forward. Especially after Richard in February 2017 threatened to bring a dispute to the international arbitration tribunal that Jonan immediately met with the imagery of Freeport that he thought 'elephant' turned out to be a 'cow', concerning the company's contribution to Indonesia.

However, the hot atmosphere slowly subsided after PT Freeport Indonesia President Chappy Hakim resigned and Richard returned to his country. Freeport vacated the position of President Director and recruited Tony Wenas as Executive Vice President, a former employee who served as President Director of PT International Nickel Indonesia Tbk-now PT Vale Indonesia Tbk-and President Director of PT Riau Andalas Pulp & Paper

Tony's calm nature, perhaps contributing to the cool atmosphere, as well as the willingness of the two parties to ease the atmosphere back to the business principle of win-win solutions.

On several occasions, the executive said that the talks were positive. To find out more, I met Tony since I was in Jakarta. Tuesday, at the St. Regis Hotel, Houston, he agreed with Jonan that this meeting was a groove The right to reach a negotiated agreement.

"So there is no final agreement on four crucial things."

He stated that Freeport's meeting with the Indonesian government in the United States became a further innovation.

"Thus we can achieve our goals in terms of contract extension and investment certainty together. Meanwhile, the Government can also fulfill some of its wishes. "

Then, how can the dinner-breakfast diplomacy between Jonan-Richard who starts this afternoon? Of course very thrilling. Could be, it resembles the lyrics of Gita Cinta song from Shirley Marlinton High School; "I'm looking for a happy slit, in the middle of a thorny path".

IN INDONESIA

Diplomasi Dinner-Breakfast Sengketa Freeport  

Sylvia Shirley Marlinton mengeluh kepanasan. Padahal pelantun lagu Gita Cinta dari SMA yang populer pada awal 1980-an itu sudah 1,5 tahun tinggal di Houston, Texas, Amerika Serikat, dan merasa cuaca kota berpenduduk 2,2 juta jiwa tersebut pada Senin (24/7) sangat kelewatan.

“ini suhunya 110 derajat [Fahrenheit]. Panas sekali, apalagi kelembaban udara sangat tinggi, sekitar 80% yang menjadi tambah panas. Ingin-nya masuk ruang AC saja kalau begini,” tutur Pelaksana Tugas Konsul Jenderal Republik Indonesia di Houston itu. Shirley sekarang adalah seorang diplomat karier yang dipilihnya setelah tidak jadi penyanyi dan bintang film. Hari-hari ini, dia sedang sibuk mendampingi rombongan Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan melakukan kunjungan kerja ke sejumlah korporasi multinasional yang bergerak dalam pertambangan, minyak, dan gas.

Jadwal kunjungan pertama Jonan beserta rombongan, Senin, adalah ke kantor pusat perusahaan minyak ConocoPhilllips. Kemudian mereka melanjutkan muhibah ke perusahaan servis perminyakan Baker Hughes milik General Electric.

Di ConocoPhillips, Jonan yang diterima Chairman dan CEO Ryan Lance merundingkan soal kontrak pengelolaan lapangan migas yang akan berakhir seperti Blok South Jambi (Januari 2020). Selasa pagi Jonan mengunjungi Chevron dan akan diterima oleh Mary Boroughs, President Chevron Environment Management Company. 

Setelah itu pada malamnya-Rabu pagi waktu Jakarta, Menteri ESDM bersama rombongan diundang makan malam dengan Chief Executive Officer Freeport McMoran Richard Adkerson. Bisa dibilang, undangan dinner Richard Adkerson cukup mendadak. Jonan tidak bisa memenuhi undangan dinner itu karena harus menghadiri makan malam bersama eksekutif Exxon.

Delegasi Indonesia yang hadir dalam dinner dengan Freeport dipimpin oleh Direktur Jenderal Mineral & Batubara Bambang Gatot Anyono. Direktur Otorita Pusat dan Hukum Internasional Kementerian Hukum dan Hak Asasi Manusia Cahyo R. Muzhar juga ikut serta dalam pertemuan itu. Dia adalah salah satu kunci bagi pemerintah Indonesia jika terpaksa bertemu dengan Freeport di peradilan arbitrase internasional. Kabarnya, dua staf Cahyo menemui sejumlah lawyer di Houston sejak awal pekan ini sambil menunggu jadwal pertemuan dengan Freeport. Sebenarnya, sejak dari Jakarta, Jonan dijadwalkan hanya menggelar breakfast meeting pada Rabu (26/7).

Dari namanya, makan malam dan sarapan terasa sangat informal, kendati kedua pihak telah terlibat dalam perundingan yang begitu panas sejak awal 2017. Betapa tidak? Pertemuan dengan perusahaan minyak seperti ConocoPhilips, Chevron, ExxonMobil, Baker Hughes, Schlumberger jelas sesuatu yang krusial. Apalagi pemerintah baru saja mengubah pola kerja sama eksplorasi minyak menjadi skema gross split berpatokan rolyalti dari sebelumnya cost recovery-skema berbasis biaya yang dikeluarkan kontraktor.

Namun, tidak bisa dipungkiri, pertemuan dengan Freeport adalah yang paling ditunggu-tunggu publik. Apalagi pemanasan dari negosiasi ini sudah berlangsung lama, bahkan sempat beredar informasi bahwa pemerintah Indonesia telah menyetujui skema perpanjangan kerja sama dengan Freeport, tetapi kemudian dibantah.

Houston yang panas seperti semakin memanaskan rumor yang berkembang di Jakarta ihwal pertemuan tersebut. Keadaan semakin riuh setelah serikat pekerja mengklaim 4.000 pekerja Freeport Indonesia menyatakan memperpanjang agenda mogok kerja. Dalam versi perusahaan tambang tersebut, para karyawan pelaku mogok sudah dianggap mengundurkan diri. 

Bisnis Indonesia, satu-satunya media yang diundang dalam kunjungan kerja ini, turut merasakan suasana kebatinan anggota delegasi. Tentu saja, saya bertanya kepada Jonan, apakah ini merupakan pertemuan yang menentukan nasib kerja sama bisnis Indonesia-Freeport?

Dia menjawab; Tidak! “Ini adalah kunjungan balasan, setelah Richard Adkerson empat kali menemui saya di Jakarta. Saya rasa, sebagai sebuah sopan santun dalam berbisnis, menemuinya di Houston adalah suatu yang baik.”

Jonan menegaskan, sampai saat ini hingga dia makan malam dan sarapan dengan Richard, posisi negosiasi belum berubah banyak. 

“Ini adalah bagian alur dari sebuah negosiasi. Tentu saja keputusan akhir akan didapatkan setelah kedua pihak sepakat dengan empat isu penting terkait perundingan.”

Keempat isu krusial tersebut adalah kelanjutan operasi, pembangunan fasilitas pemurnian (smelter), divestasi saham, dan ketentuan fiskal.

“Tanpa kedua pihak sepakat dengan empat isu tersebut, maka belum bisa dibilang perundingan ini dinyatakan selesai. Sebenarnya, kembalinya dua pihak ke meja perundingan merupakan langkah maju. Apalagi setelah Richard pada Februari 2017 mengancam akan membawa perselisihan ke peradilan arbitrase internasional yang segera dibalas Jonan dengan perumpamaan Freeport yang dikiranya ‘gajah’ ternyata adalah ‘sapi’, menyangkut kontribusi perusahaan itu terhadap Indonesia.

Namun, suasana panas tersebut perlahan mereda setelah Presiden PT Freeport Indonesia Chappy Hakim mengundurkan diri dan Richard kembali ke negaranya. Freeport lalu mengosongkan posisi Presiden Direktur dan merekrut Tony Wenas sebagai Executive Vice President, mantan karyawan yang sempat berkarier sebagai direktur utama PT International Nickel Indonesia Tbk-kini PT Vale Indonesia Tbk-dan Presiden Direktur PT Riau Andalas Pulp & Paper

Pembawaan Tony yang tenang, barangkali turut membuat suasana sejuk, di samping kemauan dua pihak untuk meredakan suasana kembali kepada prinsip bisnis win-win solutions.

Dalam beberapa kesempatan, eksekutif tersebut mengatakan bahwa perundingan berlangsung positif. Untuk tahu lebih jauh, saya menemui Tony sejak masih di Jakarta. Selasa, di Hotel St Regis, Houston, dia sepakat dengan Jonan bahwa pertemuan ini adalah alur yang benar untuk mencapai kesepakatan negosiasi.

“Jadi memang belum ada kesepakatan final menyangkut empat hal krusial.”

Dia menyatakan pertemuan Freeport dengan pemerintah Indonesia di Amerika Serikat menjadi inovasi lanjutan.

“Dengan demikian kami bisa mencapai tujuan kami dalam hal perpanjangan kontrak sekaligus kepastian investasi secara bersama-sama. Sementara itu, Pemerintah juga bisa memenuhi sejumlah keinginannya.”

Lalu, bagaimana hasil diplomasi makan malam-sarapan antara Jonan-Richard yang dimulai siang ini? Tentu saja sangat mendebarkan. Bisa-bisa, ini mirip syair lagu Gita Cinta dari SMA Shirley Malinton; "kini kucari celah bahagia, di tengah jalan yang penuh duri". 

Bisnis Indonesia, Page-1, Wednesday, July 26, 2017

Pertamina relies more on overseas fields

    

    When the going gets tough, state-owned energy giant Pertamina gets going by maintaining its oil and gas production growth, especially from overseas fields, against the backdrop of falling domestic production. In the first half of the year. Pertamina’s oil and gas production stood at 692,000 barrels of oil equivalent per day (boepd),   8.12 percent increase compared to the same period last year.

During that period. the company produced 3-13,000 barrels of oil per day (bopd), climbing by 12.45 percent annually, and 2,022 million standard cubic feet per day (mmscfd) of gas, up 4.33 percent year-on-year.

“We expect to maintain this upward trend in the second half,” Pertamina spokesperson Adiatma Sardjito said on Tuesday in a statement.

    Pertamina has allocated US$3.44 billion to support its various upstream activities in 2017, throughout which it aims to drill a total of 26 exploration wells and 129 development wells, reactivate 31 wells and undertake maintenance activities at around 5.000 wells. The companys biggest, production growth has come from its oil and gas fields overseas located in different countries and operated by subsidiary Pertamina Internasional EP (PIEP).

In the first six months. Pertamina’s overseas oil and gas production grew almost 30 percent annually to 152,000 boepd, while domestic production only climbed 0.2 percent to 540,000 boepd.

The foreign fields produced 104,000 bopd and 291 mmscfd of gas, increases of 23.8 percent and 47.7 percent, respectively. Pertamina has specifically pinned high hopes on production from France-based oil extraction and production company Maurel & Prom (M&P), which it acquired last year.

M&P is projected to maintain a production rate of at least 30,000 boepd of oil and gas from its assets, in Gabon, Nigeria and Tanzania. Pertamina has also sent a proposal to Iranian government-owned National Iranian Oil Company (NIOC) in February to develop two oil and gas fields in Iran, namely the Ab-Teymour and Mansouri fields.

The two fields are estimated to have 1.5 billion barrels of reserves each and are expected to produce 200,000 bopd each. Pertamina is also in discussion with Russian oil company Rosneft to acquire a 37.5 percent participating interest in the Russkoye field in and 20 percent in the Chayvo field in Russia. In the long run, it aims to boost its oil and gas production to 1.9 million boepd by 2025, 34.2 percent of which will come from its overseas fields. 

Komaidi Notonegoro, the executive director of the Jakarta-based energy think tank ReforMiner Institute, said Pertamina had no other choice but to rely more on its overseas production as a result of declining national production from various depleted fields. Indonesia’s domestic oil production had fallen to 808,800 bopd as of June from 1.2 million bopd in the early 2000s.

The country has been forced to import around 60 percent of its current oil needs of 1.6 million bopd as a result of the lower production. The proven oil reserves had also dropped to 2,959 million stock tank barrels (mmstb) at the end of last year from around 5,000 mmstb in the early 2000s following a lack of new discoveries. Of the reserves, 55.45 percent was already depleted and there was only 3.95 percent that had not been developed.

“Looking at the current condition, it will be hard for Pertamina to rely on the existing depleted fields in the country,” Komaidi said. 

It will need some time to explore and start production at new wells, but even the new wells may not reach their peak production by 2025.  Komaidi said the government’s move to assign Pertamina to take over eight expired oil and gas blocks in the country next year might be another burden as the company would be expected to use the newly launched gross-split sliding scale.

Jakarta Post, Page-15, Wednesday, July 26, 2017

Jonan Requests Certainty

CONOCOPHILLIPS INVESTATION

ESDM Minister Ignatius Jonan met with top executives ConocoPhillips to negotiate on the continuation of their investment in Indonesia. In a meeting held at headquarters-ConocoPhillips, Houston, USA, Jonan was accepted by the Chairman & Chief Executive Director Ryan M. Lance, President of Asia Pacific & Middle East Bill Bullock, President & General Manager of Indonesia Bij Agarwa.

Jonan said a number of oil blocks managed by oil and gas giants and Uncle Sam will end in 2020 and 2023. The government needs to know the ConocoPhillips plan after the contract expires Jonan realizes with low oil prices, the contractor does tend to hold back for expansion. However, he wants to ensure that the government is open to all forms of cooperation and negotiation.

"If you have a problem, come to me and we sit down. If there is no problem and everything is fine, it does not come nor does it matter. Means business smoothly, "said Jonan greeted Ryan laugh.

Based on data from the Ministry of Energy and Mineral Resources (ESDM), ConocoPhillips manages three oil and gas fields in Indonesia, namely Corridor Block, South Sumatra, with 54% share, Repsol (36%) and Pertamina (10%). The second oil and gas field is South Jambi Block with 45% share, with PetroChina (30%) and Pertamina (25%).

The third is Kualakur Lui, Central Kalimantan, which is fully managed by ConocoPhillips. The South Jambi Block contract expires on January 18, 2020. Thus, before January 18, 2018, ConocoPhillips and its partners must submit a proposal to extend the contract.

Ryan at the meeting seemed careful in conveying ConocoPhillips' plans. Especially for the South Jambi Block, he revealed that there is a gas sale and purchase agreement with PT Perusahaan Gas Negara (Persero) Tbk., But has not received approval from the Ministry of Energy and Mineral Resources. In 2013, ConocoPhillips agreed with PGN to sell gas at US $ 6.5 per MMBtu.

In response, Jonan is committed to resolving it but must be in accordance with what is applicable now. ConocoPhillips Indonesia (COPI) plans to return South Jambi Block B due to low production volumes, high levels of carbon dioxide, and contact with protected forests.

Deputy for Operations of Oil and Gas Upstream Oil and Gas Regulatory Agency (SKK Migas) Fataryani said Block B of South Jambi had operated from 2004 to 2010 with the production of 25 million cubic feet per day. Production comes from the Bay of Low and Geger Kalong.

Unfortunately, production continued to fall until finally, ConocoPhillips halted production activities since 2015. The working area signed in 1990 was in preparation for the return to the government.

"In the process of relinquishment by COPI," he said.

IN INDONESIA

Jonan Minta Kepastian

Menteri ESDM Ignasius Jonan menemui top eksekutif ConocoPhillips untuk bernegosiasi mengenai kelanjutan investasi mereka di Indonesia. Dalam pertemuan yang digelar di kantor pusat ConocoPhillips, Houston, Amerika Serikat, Jonan diterima oleh Chairman & Chief Executive Director Ryan M. Lance, President Asia Pasific & Middle EastBill Bullock, President & General Manager Indonesia Bij Agarwa.

Jonan mengatakan sejumlah blok minyak yang dikelola oleh raksasa minyak dan Paman Sam itu akan berakhir pada 2020 dan 2023. Pemerintah perlu mengetahui rencana ConocoPhillips setelah kontrak berakhir Jonan menyadari dengan harga minyak yang rendah, kontraktor memang cenderung menahan diri untuk ekspansi. Namun, dia ingin memastikan bahwa pemerintah membuka diri terhadap segala bentuk kerja sama dan negosiasi.

“Jika Anda ada masalah, datanglah ke saya lalu kita duduk berunding. Kalau tidak ada masalah dan semuanya lancar, tidak datang juga tidak apa-apa. Berarti bisnis lancar,” tutur Jonan disambut tawa Ryan.

Berdasarkan data Kementerian Energi dan Sumber Daya Mineral (ESDM), ConocoPhillips mengelola tiga lapangan migas di Indonesia yakni Blok Corridor, Sumatra Selatan, dengan bagian 54%, bersama Repsol (36%), dan Pertamina (10%). Lapangan migas kedua adalah Blok South Jambi dengan bagian 45%, bersama PetroChina (30%) dan Pertamina (25%).

Yang ketiga adalah Kualakur Lui, Kalimantan Tengah, yang sepenuhnya dikelola ConocoPhillips. Kontrak Blok South Jambi habis pada 18 Januari 2020. Dengan demikian, sebelum 18 Januari 2018, ConocoPhillips bersama mitra harus mengajukan proposal apabila hendak memperpanjang kontrak.

Ryan pada pertemuan tersebut tampak berhati-hati dalam menyampaikan rencana ConocoPhillips. Khusus untuk Blok South Jambi, dia mengungkapkan bahwa ada kesepakatan jual beli gas dengan PT Perusahaan Gas Negara (Persero) Tbk., tetapi belum mendapatkan persetujuan dari Kementerian ESDM. Pada 2013, ConocoPhillips bersepakat dengan PGN untuk menjual gas US$6,5 per MMBtu.

Menanggapi hal itu, Jonan berkomitmen untuk menyelesaikannya tetapi harus sesuai yang berlaku sekarang. ConocoPhillips Indonesia (COPI) berencana mengembalikan Blok B South Jambi karena volume produksi yang rendah, tinggi kadar karbondioksida, dan bersinggungan dengan hutan lindung. 

Deputi Operasi Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Fataryani mengatakan Blok B South Jambi pernah dioperasikan pada 2004 hingga 2010 dengan produksi 25 juta kaki kubik per hari. Produksi berasal dari Lapangan Teluk Rendah dan Geger Kalong.

Sayangnya, produksi terus turun hingga akhirnya ConocoPhillips menghentikan kegiatan produksi sejak 2015. Wilayah kerja yang ditandatangani pada 1990 itu sedang dalam persiapan untuk dikembalikan kepada pemerintah.

“Dalam proses relinquishment oleh COPI,” ujarnya.

Bisnis Indonesia, Page-1, Wednesday, July 26, 2017

Revision of Ministerial Regulation Gross Split Entry ESDM Plan

The indicator of the success of the gross split scheme is seen from the auction of 15 oil and gas blocks this year

The Ministry of Energy and Mineral Resources (ESDM) moved quickly to evaluate some of the rules of 43 ministerial regulations as long as Ignatius Jonan became the number one man in the ministry. Well, of the many rules of the minister, the Regulation of Minister of Energy and Mineral Resources No. 08 of 2017 on Gross Split Production Sharing Contract is most controversial.

Even due to the rules of oil and gas entrepreneurs are reluctant to follow the auction 15 blocks of oil and gas this year. Understandably, all of them use a gross split scheme. The reluctance of the entrepreneur is evident. The ESDM Ministry extended the auction schedule of conventional oil and gas blocks from previously access documents only until July 17, 2017, withdrew to September 7, 2017. Delivery of documents of participation is extended until September 14, 2017.

Currently, only 12 companies are submitting proposals for auction. The amount is still less than about 68 oil and gas companies are now operating.

Executive Director of Indonesian Petroleum Association (IPA) Marjolijn Wajong has not commented much about the rules that should be revised by the Ministry of Energy and Mineral Resources, especially in the oil and gas sector. Marjolijn only mentioned the current IPA is still evaluating.

Regarding the Ministerial Regulation of the gross split, Marjolijn said the IPA is currently still seeing the results of the ongoing 2017 Oil and Gas Working Area auctions. The first time, the government offered an auction of oil and gas working area using a gross split scheme.

"A new regional auction is underway, should be done well," Marjolijn added

Komaidi Notonegoro, Executive Director of ReforMiner Institute, said that the minister's regulation on the gross split scheme has been widely complained by investors.

"I think this needs to be one of the main concerns," Komaidi said

According to him, binding implementation in gross split rules, especially for the amount of profit sharing, is most complained about. Call it, 57% oil sharing for the state 43% contractor and natural gas 52% 48% state contractor. In addition, the position of gross split rules is not legally solid.

"This is the first Government Regulation No. 27/2017 concerning the upstream oil and gas incentives using gross splits issued on the basis of Minister of Energy and Mineral Resources Regulation No. 8/2017 on the scheme of gross split (rule below)," Komaidi explained.

Deputy Minister of Energy and Mineral Resources Arcandra Tahar said it was evaluating a number of ESDM Ministerial Regulations that have been published.

"We are still in talks while we are evaluating," he said.

Archandra asserted the evaluation is not specific about the revision of ministerial regulations gross split.

"Nothing specific," he said. Arcandra said, gross split scheme actually makes investors profit. Currently, the Ministry of Energy and Mineral Resources is still awaiting Regulation of the Minister of Finance concerning gross split tax.

"We have coordinated with the Ministry of Finance, we have to encourage investment," he said.

In addition to the gross split regulation, which is still the pros and cons is the Regulation of Minister of Energy and Mineral Resources No. 5/2017 and Regulation of Minister of Energy and Mineral Resources No. 6/2017 which contents about the relaxation of raw mineral exports. In addition, there is also Ministerial Regulation No 12/2017 about the price of green energy electricity.

Director of Electrical Engineering and Environment Munir Ahmad said if the implementation of the regulation requires adjustments, then the rules may be considered revisions.

IN INDONESIA

Revisi Peraturan Menteri Gross Split Masuk Rencana ESDM

lndikator suksesnya skema gross split terlihat dari Ielang 15 blok migas tahun ini

Kementerian Energi dan Sumber Daya Mineral (ESDM) bergerak cepat melakukan evaluasi beberapa aturan dari 43 peraturan menteri terbit selama Ignasius Jonan menjadi orang nomor satu di kementerian tersebut. Nah, dari sekian banyak aturan menteri itu, Peraturan Menteri ESDM Nomor 08 Tahun 2017 tentang Kontrak Bagi Hasil Gross Split paling kontroversial.

Bahkan akibat aturan itu pengusaha migas enggan mengikuti lelang 15 blok migas pada tahun ini. Maklum, semuanya memakai skema gross split. Keengganan pengusaha itu terbukti. Kementerian ESDM memperpanjang jadwal lelang Blok migas konvensional dari sebelumnya akses dokumen hanya sampai 17 Juli 2017, mundur menjadi 7 September 2017. Pengiriman dokumen partisipasi diperpanjang sampai 14 September 2017.

Saat ini hanya 12 perusahaan yang memasukkan proposal untuk mengikuti lelang. Jumlah itu masih kurang dari sekitar 68 perusahaan migas yang sekarang beroperasi.

Direktur Eksekutif Indonesian Petroleum Association (IPA) Marjolijn Wajong belum mau banyak berkomentar terkait aturan-aturan yang seharusnya direvisi oleh Kementerian ESDM, khususnya di sektor migas. Marjolijn hanya menyebutkan IPA saat ini masih melakukan evaluasi.

Terkait dengan Peraturan Menteri gross split, Marjolijn bilang IPA saat ini masih melihat hasil dari lelang Wilayah Kerja migas 2017 yang sedang berlangsung. Pertama kalinya, pemerintah menawarkan lelang Wilayah kerja migas menggunakan skema gross split. 

"Lelang daerah baru sedang berlangsung, sebaiknya diselesaikan dengan baik," tambah Marjolijn 

Komaidi Notonegoro, Direktur Eksekutif ReforMiner Institute, menyatakan, peraturan menteri soal skema gross split selama ini memang banyak dikeluhkan investor.

"Saya kira ini perlu menjadi salah satu perhatian utama," ujar Komaidi

Menurutnya, penerapan yang mengikat dalam aturan gross split, terutama untuk besaran bagi hasil, paling banyak dikeluhkan. Sebut saja, bagi hasil minyak yang 57% untuk negara 43% kontraktor dan gas bumi 52% negara 48% kontraktor. Selain itu kedudukan aturan gross split secara hukum juga tidak solid. 

"Baru kali ini Peraturan Pemerintah No 27/2017 soal insentif hulu migas yang memakai gross split terbit atas dasar Peraturan Menteri ESDM N0 8/2017 soal skema gross split (aturan di bawahnya),”jelas Komaidi.

Wakil Menteri ESDM Arcandra Tahar menyebutkan, pihaknya sedang mengevaluasi sejumlah Peraturan Menteri ESDM yang telah terbit. 

"Masih sedang dalam pembicaraan. Sedang kami evaluasi," ujarnya.

Archandra menegaskan, evaluasi tidak spesifik membahas tentang revisi peraturan menteri gross split. 

"Tidak ada spesifik," ujarnya. Arcandra bilang, skema gross split justru membuat investor untung. Saat ini Kementerian ESDM masih menunggu Peraturan Menteri Keuangan soal pajak gross split. 

"Kami sudah koordinasi dengan Kementerian Keuangan, investasi harus kita dorong," ujarnya.

Selain aturan gross split, yang masih menjadi pro dan kontra adalah Peraturan Menteri ESDM No 5/2017 dan Peraturan Menteri ESDM No 6/2017 yang isinya soal relaksasi ekspor mineral mentah. Selain itu ada juga Peraturan Menteri  ESDM No 12/2017 soal harga listrik energi hijau.

Direktur Teknik dan Lingkungan Ketenagalistrikan Munir Ahmad bilang jika dalam implementasinya peraturan memerlukan penyesuaian, maka aturan tersebut dapat dipertimbangkan revisi.  

Kontan, Page-14, Wednesday, July 26, 2017

Technology Overcome Decrease Production

PT Pertamina continues to seek the appropriate upstream technology utilization formulation to be implemented as an effort to boost the company's oil and gas production.

Pertamina President Director Elia Massa Manik said the company also consolidates simultaneously this year to evaluate upstream oil and gas activities. After being evaluated, the company will fix oil and gas production activities by applying more efficient upstream technology.

According to him, some of the steps required by the company at the time of oil and gas production in the country that continues to fall 3% per year.

"This is also a challenge, the application of technology is done step by step. Professionalism of Human Resources (HR) is also key so that Pertamina's upstream operations will be more reliable in the future, "he said when opening the Upcoming Technology Sharing Forum (FSTH) in Makassar on Tuesday (25/7).

Oil and gas discussion activities as an effort Pertamina optimize new findings in upstream technology to be applied practically to oil and gas blocks owned by the company. Based on Pertamina's long-term plan until 2030, the company's oil and gas production is targeted at 2.045 million barrels of oil equivalent (MMboe) while creating synergies to become a national-scale energy company.

In early 2017, Pertamina Hulu Energi exploration activities found new reserves and Parang-1 / PHE Nunukan wells of 126 MMBOE and Haur Gheulis and Sumur Haur Gede-1 with an estimated reserve of 14 MMBOE.

Meanwhile, Pertamina's oil and gas production in the first half of this year rose 8.1% to 692,000 barrels of oil equivalent per day (Boepd) compared to the same period last year of 640,000 boepd.

The realization of oil and gas production is sourced from subsidiaries, including PT Pertamina EP with 248,000 boepd, PT Pertamina Hulu Energi (PHE) 199,000 boepd and Pertamina EP Cepu 93,000 boepd.

The company will also drill seven wells this year by PHE, namely KKX-1, N-7, Kumis-2, Kotalama-3, Karunia-1, SE Sembakung-1 and NEB Ext-1 with total acquisition of 59 MMboe . Pertamina EP is also still going to drill six exploration wells and estimated four wells with an estimated 80 MMboe.

Some exploration activities have been followed up into field development such as in Badik and West Badik (PHE Nunukan), PHE Randu-scissors.

Upstream Director of Pertamina Syamsu Alam cited the application of Improve Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) technology to increase the production capacity of 10% -15% so that the implementation of upstream technology as one of the strategic steps in creating efficiency.

IN INDONESIA

Teknologi Atasi Penurunan Produksi

PT Pertamina terus mencari formulasi pemanfaatan teknologi hulu yang tepat untuk diimplementasikan sebagai upaya perseroan memacu produksi minyak dan gas bumi perseroan.

Direktur Utama Pertamina Elia Massa Manik mengemukakan, perseroan juga melakukan konsolidasi secara simultan pada tahun ini untuk mengevaluasi kegiatan hulu migas. Setelah dievaluasi, perseroan akan membenahi kegiatan produksi migas dengan menerapkan teknologi hulu yang lebih efisien.

Menurutnya, beberapa langkah itu dibutuhkan perseroan di saat produksi minyak dan gas bumi di Tanah Air yang terus turun rerata 3% per tahun. 

“Hal ini juga menjadi tantangan, penerapan teknologi dilakukan tahap demi tahap. Profesionalisme Sumber Daya Manusia (SDM) juga jadi kunci sehingga ,operasi hulu Pertamina semakin handal ke depannya,” katanya ketika membuka acara Forum Sharing Teknologi Hulu (FSTH) di Makassar, Selasa (25/7).

Kegiatan diskusi teknologi migas itu sebagai upaya Pertamina mengoptimalkan temuan baru di bidang teknologi hulu agar diterapkan secara praktis pada blok-blok migas milik perseroan. Berdasarkan rencana jangka panjang Pertamina hingga 2030, produksi migas perseroan ditargetkan 2.045 juta barel setara minyak (MMboe) sekaligus menciptakan sinergi menjadi perusahaan energi nasional berskala global.

Pada awal 2017, kegiatan eksplorasi Pertamina Hulu Energi menemukan cadangan baru dan Sumur Parang-1/PHE Nunukan sebesar 126 MMBOE serta Haur Gheulis dan Sumur Haur Gede-1 dengan estimasi cadangan 14 MMBOE.

Sementara itu, produksi migas Pertamina pada paruh pertama tahun ini naik 8,1 % menjadi 692.000 barel setara minyak per hari (Boepd) dibandingkan dengan periode yang sama tahun lalu 640.000 boepd.

Realisasi produksi migas tersebut bersumber dari lapangan-lapangan milik anak usaha, antara lain PT Pertamina EP dengan 248.000 boepd, PT Pertamina Hulu Energi (PHE) 199.000 boepd serta Pertamina EP Cepu 93.000 boepd.

Perseroan juga akan mengebor tujuh sumur pada tahun ini yang dilakukan oleh PHE, yakni KKX-1, N-7, Kumis-2, Kotalama-3, Karunia-1, SE Sembakung-1, dan NEB Ext-1 dengan total perolehan 59 MMboe. Pertamina EP juga masih akan melakukan pengeboran enam sumur eksplorasi dan diperkirakan empat sumur selesai dengan estimasi 80 MMboe.

Beberapa kegiatan eksplorasi telah ditindaklanjuti menjadi pengembangan lapangan seperti di Badik dan West Badik (PHE Nunukan), PHE Randu-gunting.

Direktur Hulu Pertamina Syamsu Alam mencontohkan penerapan teknologi Improve Oil Recovery (IOR) dan Enhanced Oil Recovery (EOR) mampu meningkatkan kapasitas produksi 10%-15% sehingga implementasi teknologi hulu sebagai salah satu langkah strategis dalam menciptakan efisiensi.

Bisnis Indonesia, Page-30, Wednesday, July 26, 2017

Jokowi Asks ESDM for Evaluation of Ministerial Regulation

President Joko Widodo (Jokowi) warned the ministers of the Cabinet of Work to issue a Ministerial Regulation referring to concrete measures that make it easy for businesses to invest and expand business.

In addition to reprimanding Minister of Environment and Forestry Siti Nurbaya, President Jokowi also reprimanded the Vice Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar. Both ministries are still considered to implement policies that are not business and investment.

"You see, every Ministerial Regulation and our policy will be evaluated, whose purpose is to facilitate investment. That's a message from the President. And that we really pay attention, "said Arcandra at the State Palace, Jakarta, Monday (24/7).

He said the evaluation will also be conducted on 43 Ministerial Regulations issued this year to be more probable and can help business actors to have a broader perspective. It is ready to improve if there is a weakness in the 43 Ministerial Regulation.

"This is the President's message to Ministerial Regulation. Not a Ministerial Regulation, Ministerial Regulation to be noticed this Ministerial Regulation can accelerate the growth of investment in Indonesia. This year there are 42 or 43 Ministerial Regulations, all of which we will evaluate "said Arcandra without mentioning the Minister Regulation.

An energy observer from Trisakti University, Pri Agung Rakhmanto, said that the recently issued ESDM Ministerial Regulation does indeed hamper investment. He mentioned the regulations ranging from the implementation of gross split schemes for the oil and gas sector, then renewable energy renewable energy regulations, gas prices, until the Minister of Energy and Mineral Resources Regulation No 42/2017

"The government is a good facilitator for investment because in many ways in the energy sector, the government does not invest alone," he said.

According to Pri Agung, the evaluation to be conducted by the ESDM Ministry should involve stakeholders.

"The government must be willing to listen, correct the mistake if it exists. Can not feel the most right, "he said.

Meanwhile, Vice Chairman of the Association of Minerals Processing and Refining Company of Indonesia (AP3I) Jonatan Handoyo said, it never conveyed to the Ministry of Energy and Mineral Resources Regulation No. 6 of 2017 which interfere with the investment climate. The reason is that the rule relaxes the exports of low grade nickel ore since January 11, 2017 to five years into the future.

The policy puts the nickel price down drastically from US $ 11,000 per ton last year to around US $ 8,000-9,000 per tonne today. Consequently a total of 17 nickel smelters ceased operations in the second half of 2017.

This is because the production cost of US $ 10,000 per ton is higher than the nickel price, causing the smelter to suffer losses. It's just that Vice Minister of EMR Arcandra Tahar who at that time met the association did not react. His side then met the Head of Indonesian Investment Coordinating Board Thomas Lembong in early July yesterday.

The management of AP3I conveyed the same problem. This time Thomas Lembong responded to the complaint and asked for a letter addressed to President Joko Widodo. Jonatan hoped that the President's reprimand could bring fresh air into the nickel investment climate.

"Instruction like this has been done in Limited Cabinet Meeting) March 22 last, But no reaction," said Jonatan

For example, according to data from the Special Unit for Upstream Oil and Gas Business Activities (SKK Migas), upstream oil and natural gas investments continue to fall each year. SKK Migas recorded the realization of upstream oil and gas investment in the first half of this year only US $ 3.98 billion, down from the same period last year of US $ 5.65 billion.

Head of SKK Migas Amien Sunaryadi previously said that upstream oil and gas investment this year is targeted to reach US $ 13.8 billion. However, the realization of investment until June was only US $ 3.98 billion or 28% of the target. This realization is admittedly not in accordance with the expected side.

"In fact, upstream oil and gas investment is important for the country, because it has a significant trickle down effect. Because if the upstream oil and gas investment is small, then spending to supporting industries is also small, "he said.

He said, many things that cause low realization of this upstream oil and gas investment. One reason is the price of crude oil that has not changed much. With current oil prices, oil and gas investors are said to be hesitant to invest in exploration activities.

In fact, if there is no discovery of oil and gas reserves, investors will also not be sure in spending funds for development. As regards the issuance of several new regulations in recent times, Amien has dismissed this pressure on oil and gas investment. Regulations affecting current oil and gas investments are greater due to long-standing regulations, one of which is Government Regulation No. 79 of 2010 which regulates the cost recovery and taxation of upstream oil and gas business.

These factors determine the economic calculations of oil and gas projects. So there are some delayed or even delayed oil and gas projects. This is reflected from the data of survey and drilling activities held by SKK Migas. Until last June, the new 2D seismic survey activity was 3,432 kilometers (km) or 12% of the target of 10,248 km, 3D seismic survey 330 kilometers Square or 13% of the target of 6,566 square kilometers, exploration drilling 29 wells of 138 well targets, well drilling of 74 wells from 223 wells, and realization of new well work work of 351 activities from target

907 activities.

However, Amien hopes oil and gas investment will improve in the second half following the issuance of Government Regulation 27/2017 which is a revision of the Government Regulation 79/2010.

"This is out of Government Regulation 27/2017 hopefully can encourage the growth of upstream oil and gas investment," he said.

IN INDONESIA

Jokowi Minta ESDM Evaluasi Peraturan Menteri

Presiden Joko Widodo (Jokowi) memperingatkan jajaran menteri Kabinet Kerja untuk mengeluarkan Peraturan Menteri yang mengacu pada Iangkah-Iangkah Konkret yang memberikan kemudahan bagi kalangan dunia usaha untuk berinvestasi dan berekspansi bisnis.

Selain menegur Menteri Lingkungan Hidup dan Kehutanan Siti Nurbaya, Presiden Jokowi juga menegur Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar. Kedua kementerian itu dinilai masih menerapkan kebijakan yang tidak probisnis dan investasi.

“Begini, setiap Peraturan Menteri dan kebijakan akan kami evaluasi, yang tujuannya untuk mempermudah investasi. Itu pesan dari Presiden. Dan itu sangat kami perhatikan,” kata Arcandra di Istana Negara, Jakarta, Senin (24/7).

Dia mengatakan, evaluasi juga akan dilakukan atas 43 Peraturan Menteri yang diterbitkan tahun ini agar makin probisnis serta dapat membantu para pelaku usaha agar memiliki persepektif yang lebih luas. Pihaknya siap memperbaiki jika memang ada kelemahan dalam 43 Peraturan Menteri itu.

“Ini pesan Presiden untuk Peraturan Menteri. Bukan satu Peraturan Menteri, Peraturan Menteri agar diperhatikan Peraturan Menteri tersebut bisa mempercepat tumbuh kembangnya investasi di Indonesia. Tahun ini sudah ada 42 atau 43 Peraturan Menteri, semuanya akan kita evaluasi” ujar Arcandra tanpa menyebutkan Peraturan Menteri dimaksud.

Pengamat energi dari Universitas Trisakti Pri Agung Rakhmanto mengatakan, Peraturan Menteri ESDM yang diterbitkan belakangan ini memang menghambat investasi. Dia menyebut peraturan-peraturan itu mulai dari penerapan skema bagi hasil kotor (gross split) untuk sektor migas, kemudian peraturan listrik energi baru terbarukan, harga gas, hingga Peraturan Menteri ESDM No 42/2017

“Pemerintah jadilah fasilitator yang baik untuk investasi karena dalam banyak hal di sektor energi, pemerintah tidak berinvestasi sendiri,” tuturnya.

Menurut Pri Agung, evaluasi yang akan dilakukan Kementerian ESDM hendaknya melibatkan pemangku kepentingan.

“Pemerintah memang harus mau mendengar, mengoreksi kesalahan kalau memang ada. Tidak boleh merasa paling benar,” ujarnya.

Sementara itu, Wakil Ketua Asosiasi Perusahaan Pengolahan dan Pemurnian Mineral Indonesia (AP3I) Jonatan Handoyo menuturkan, pihaknya pernah menyampaikan kepada Kementerian ESDM terkait Peraturan Menteri No 6 Tahun 2017 yang mengganggu iklim investasi. Pasalnya aturan itu merelaksasi ekspor bijih nikel kadar rendah sejak 11 Januari 2017 hingga lima tahun ke depan.

Kebijakan itu membuat harga nikel turun drastis dari US$ 11.000 per ton pada tahun lalu menjadi sekitar US$ 8.000-9.000 per ton saat ini. Alhasil total sebanyak 17 smelter nikel berhenti operasi pada semester kedua 2017.

Hal itu disebabkan biaya produksi yang mencapai US$ 10.000 per ton lebih tinggi daripada harga nikel, membuat pelaku smelter merugi. Hanya saja Wakil Menteri ESDM Arcandra Tahar yang saat itu menemui asosiasi tidak bereaksi. Pihaknya kemudian menemui Kepala Badan Koordinasi Penanaman Modal Indonesia Thomas Lembong pada awal Juli kemarin. 

Pengurus AP3I menyampaikan permasalahan yang sama. Kali ini Thomas Lembong merespon keluhan itu dan meminta dibuatkan surat yang ditujukan ke Presiden Joko Widodo. Jonatan berharap teguran yang disampaikan Presiden bisa membawa angin segar ke dalam iklim investasi nikel. 

“Instruksi seperti ini sudah pernah dilakukan dalam Rapat Kabinet Terbatas) 22 Maret lalu, Tapi tidak ada reaksinya,” ujar Jonatan

Sebagai contohnya, menurut data Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas), investasi sektor hulu minyak dan gas bumi nasional terus turun setiap tahunnya. SKK Migas mencatat realisasi investasi hulu migas semester pertama tahun ini hanya US$ 3,98 miliar, turun dari periode yang sama tahun lalu sebesar US$ 5,65 miliar.

Kepala SKK Migas Amien Sunaryadi sebelumnya mengatakan, investasi hulu migas pada tahun ini ditargetkan mencapai US$ 13,8 miliar. Namun, realisasi investasi hingga Juni lalu hanya sebesar US$ 3,98 miliar atau 28% dari target. Realisasi ini diakuinya memang tidak sesuai dengan yang diharapkan pihaknya.

“Padahal investasi hulu migas penting buat negara, karena punya trickle down effect yang signifikan. Karena kalau investasi hulu migas kecil, maka belanja ke industri pendukung juga kecil,” ujarnya.

Dikatakannya, banyak hal yang menjadi penyebab rendahnya realisasi investasi hulu migas ini. Salah satu penyebabnya yakni harga minyak mentah yang belum banyak berubah. Dengan harga minyak saat ini, investor migas disebutnya ragu-ragu untuk investasi di kegiatan eksplorasi.

Padahal, jika tidak ada penemuan cadangan migas, investor juga tidak akan yakin dalam mengeluarkan dana untuk pengembangan. Soal terbitnya beberapa peraturan baru beberapa waktu terakhir, Amien menampik hal ini menekan investasi migas. Regulasi yang berdampak pada investasi migas saat ini lebih besar disebabkan oleh regulasi-regulasi yang telah terbit sejak lama, salah satunya Peraturan Pemerintah No 79 Tahun 2010 yang mengatur soal cost recovery dan perpajakan dalam usaha hulu migas.

Berbagai hal ini menentukan kalkulasi keekonomian proyek migas. Sehingga ada beberapa proyek migas yang tertunda atau malah belum dilaksanakan. Hal ini tergambar dari data pelaksanaan kegiatan survei dan pengeboran yang dimiliki SKK Migas. 

     Sampai Juni lalu, kegiatan survei seismik 2D baru sepanjang 3.432 kilometer (km) atau 12% dari target 10.248 km, survei seismik 3D 330 kilometer persegi atau 13% dari target 6.566 kilometer persegi, pengeboran eksplorasi 29 sumur dari target 138 sumur, pengeboran sumur pengembangan 74 sumur dari target 223 sumur, dan realisasi kegiatan kerja ulang (workover) sumur baru 351 kegiatan dari target

907 kegiatan.

Meski demikian, Amien berharap investasi migas bakal membaik di semester kedua ini menyusul diterbitkannya Peraturan Pemerintah 27/2017 yang merupakan revisi dari PP 79/2010. 

“Ini sudah keluar Peraturan Pemerintah 27/2017 semoga dapat mendorong menumbuhkan investasi hulu migas,” ujarnya.

Investor Daily, Page-9, Tuesday, July 25, 2017