If not able to pay, Pertamina opens opportunities for other investors in Mahakam Block.
Although Total EP Indonesie is allowed to control 39% stake in the Mahakam Block, the French company should not be happy. Based on the calculation of Special Unit for Upstream Oil and Gas Business (SKK Migas), the asset value of Mahakam block as of December 31, 2017 will reach US $ 9.43 billion or equivalent to around Rp 127 trillion.
The value of the assets of the Mahakam Block is increased by more than 100% compared to the calculation in January 2016 by IHS and Petropro used by SKK Migas at that time. The valuation of Mahakam's assets was only US $ 3.45 billion or around Rp 47 trillion.
the Mahakam Block
Head of Programs and Communications Division of SKK Migas Wisnu Prabawa Taher said the calculation of estimated asset value of Mahakam Block as of December 31, 2017 based on capital assets, inventory, and inventory materials.
"The value is US $ 9.43 billion (Rp 127 trillion)," he said.
He said the calculation of US $ 9.43 billion was not using the asset calculation institution but using internal calculations SKK Migas by doing physical checks Mahakam block. From that calculation, there is indeed a significant increase compared with the previous calculation.
"The price of oil is certainly one of the things that cause its value to rise," said Vishnu.
As a result, with the benchmark, Total EP must spend the US $ 3.67 billion if it wants to get 39% stake in Mahakam Block. The value is around Rp 49.6 trillion (assuming an exchange rate of Rp 13,500 per US dollar), and is equivalent to a 100% valuation of the Mahakam Bloc by 2016.
Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar previously stated that the entry of potential investors Mahakam block can be done after Pertamina, through its subsidiary PT Pertamina Hulu Mahakam, fully controls the Mahakam Block starting January 1, 2018. That is, Total EP Indonesie entering current or while the contract is still in progress.
Total EP will discuss directly the amount of Valuation value that they must redeem to get 39% stake in Mahakam block with Pertamina. Unfortunately, President & General Manager and Group Representative for Indonesia Arividya Noviyanto did not answer the confirmation of their willingness and willingness to pay that much or even withdraw.
Syamsu Alam, Upstream Director of Pertamina, said that the company is focusing on the business to the business process (B to B) that Pertamina will undertake with potential partners in the Mahakam Block.
"The process remains primarily B to B and its aspect is not just the percentage," Alam said.
In fact, Syamsu Alam said, there are already some companies interested in joining Pertamina in the block beside Total EP.
"There are some companies that have expressed an interest to enter the Mahakam," he said.
Outside of Total EP and Inpex, there are also companies from the United Arab Emirates, Mubadala Petroleum, who have expressed an interest in partnering with Pertamina in the Mahakam Block.
President Director of Pertamina Elia Massa Manik said, in addition to focus on finding partners, it also concerns about production. Next year Pertamina targets production in the range of 1,100 million cubic feet per day (mmscfd) of gas and 48,000 barrels per day (bopd) of oil.
To achieve the target, Pertamina allocates investment next year to reach US35 700 million. This is added to the operating costs of US $ 1.1 billion.
Pertamina has also drilled two wells and 14 wells-15 wells by the end of 2017. Based on the estimates, the Mahakam Block is now leaving a reserve of 57 million barrels of oil, 45 million barrels of condensate, and 4.9 tcf of gas.
IN INDONESIA
Masuk ke blok Mahakam, Total EP Harus Bayar Rp 49 Triliun
Jika tidak sanggup membayar, Pertamina membuka peluang bagi investor Iain di Blok Mahakam.
Meskipun Total EP Indonesie diizinkan menguasai 39% saham di Blok Mahakam, perusahaan Prancis itu tidak boleh gembira dulu. Berdasarkan hasil perhitungan Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas), nilai aset Blok Mahakam per 31 Desember 2017 akan mencapai US$ 9,43 miliar atau setara dengan sekitar Rp 127 triliun.
Nilai aset Blok Mahakam ini meningkat drastis lebih dari 100% dibandingkan perhitungan pada Januari 2016 oleh IHS dan Petropro yang dipakai SKK Migas saat itu. Valuasi aset Mahakam saat itu hanya sebesar US$ 3,45 miliar atau sekitar Rp 47 triliun.
Kepala Divisi Program dan Komunikasi SKK Migas Wisnu Prabawa Taher mengatakan, perhitungan estimasi nilai aset Blok Mahakam per 31 Desember 2017 berdasarkan harta benda modal, inventaris, dan material persediaan.
"Nilainya sebesar US$ 9,43 miliar (Rp 127 triliun)," kata dia.
Dia mengatakan, perhitungan sebesar US$ 9,43 miliar itu tidak menggunakan lembaga perhitungan aset melainkan memakai perhitungan internal SKK Migas dengan melakukan cek fisik Blok Mahakam. Dari perhitungan itu memang ada kenaikan signifikan dibandingkan dengan perhitungan sebelumnya.
"Harga minyak tentu saja salah satu hal yang menyebabkan nilainya naik," kata Wisnu.
Alhasil, dengan patokan itu, Total EP harus merogoh kocek US$ 3,67 miliar jika ingin mendapatkan 39% saham Blok Mahakam. Nilai itu sekitar Rp 49,6 triliun (dengan asumsi kurs Rp 13.500 per dollar AS), dan setara dengan valuasi 100% Blok Mahakam versi penilaian tahun 2016.
Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar sebelumnya menyatakan, masuknya calon investor Blok Mahakam bisa dilakukan setelah Pertamina, melalui anak usahanya PT Pertamina Hulu Mahakam, menguasai secara penuh Blok Mahakam mulai 1 Januari 2018. Artinya, Total EP Indonesie tidak harus masuk saat ini atau saat kontrak masih berlangsung.
Total EP akan membahas secara langsung besaran nilai Valuasi yang harus mereka tebus untuk mendapatkan 39% saham di Blok Mahakam dengan Pertamina. Sayang, President & General Manager dan Group Representative untuk Indonesia Arividya Noviyanto tidak menjawab konfirmasi ihwal kesanggupan dan kesediaan mereka membayar sebesar itu atau malah mundur.
Syamsu Alam, Direktur Hulu Pertamina menyatakan sedang berfokus pada proses business to business (B to B ) yang akan dilakukan Pertamina dengan calon partner di Blok Mahakam.
"Prosesnya tetap diutamakan secara B to B dan aspeknya bukan hanya besaran persentasenya," kata Alam.
Bahkan, Syamsu Alam bilang, sudah ada beberapa perusahaan yang berminat bergabung dengan Pertamina di blok tersebut selain Total EP.
"Ada beberapa perusahaan yang sudah menyampaikan minat untuk masuk ke Mahakam," katanya.
Di luar Total EP dan Inpex, ada juga perusahaan asal Uni Emirat Arab, Mubadala Petroleum, yang sudah menyampaikan minat bermitra dengan Pertamina di Blok Mahakam.
Direktur Utama Pertamina Elia Massa Manik menyatakan, selain fokus mencari mitra, pihaknya juga concern terhadap produksi. Tahun depan pertamina menargetkan produksi pada kisaran 1.100 juta kaki kubik per hari (mmscfd) gas dan 48.000 barel per hari (bopd) minyak.
Untuk mencapai target tersebut, Pertamina mengalokasikan investasi pada tahun depan mencapai US35 700 juta. lni masih ditambah dengan biaya operasi mencapai US$ 1,1 miliar.
Pertamina juga sudah melakukan pengeboran dua sumur dan 14 sumur-15 sumur sampai akhir tahun 2017 ini. Berdasarkan perkiraan, Blok Mahakam kini masih menyisakan cadangan 57 juta barel minyak, 45 juta barel kondensat, dan 4,9 tcf gas.
Kontan, Page-14, Thursday, Dec 28, 2017
No comments:
Post a Comment