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Tuesday, January 23, 2018

Pertamina to Buy LPG from Sonatrach



PT Pertamina plans to buy direct liquefied petroleum gas (LPG) from the state-owned oil and gas company Algeria, Sonatrach, to meet domestic demand. The reason, so far the company obtained the supply of LPG from traders.

Syamsu Alam

Upstream Director of Pertamina Syamsu Alam said the Mahakam block now no longer supplies LPG to be processed to Bontang Refinery. Because the newly acquired block from Total E & P Indonesie is no longer producing LPG. This is because Pertamina has now moved to a more superficial layer that contains only lean gas.

For information, in general, natural gas is divided into two types, dry or lean gas, and wet or rich gas. Lean gas is a natural gas that has a concentration of methane (CH4) and ethane (C2H6) is high enough. While rich gas is a natural gas containing propane (CSHS), butane (C4H10), and hydrocarbons pentane and heptane in high concentrations. LPG is produced from propane and butane.

With the reduced production of LPG, Alam continued, the import will be bigger. The company plans to buy direct LPG from Algeria.

"We buy LPG directly to Sonatrach. Sonatrach has not been exporting LPG to Indonesia yet, "he said in Jakarta. This plan is still in the exploratory stage.

Previously, the company has signed a memorandum of understanding on the management of oil and gas blocks in Algeria with Sonatrach. Through this new agreement, the Algerian state-owned oil and gas company opens opportunities for Pertamina to develop existing assets and work on new assets with a production potential of 20-30 thousand barrel per day and total reserves of more than 100 million barrels of oil.

Elia Massa Manik

Not only in the upstream, Pertamina President Director Elia Massa Manik stated that the MoU also opens opportunities for downstream cooperation, including working on the potential of liquefied natural gas (LNG) and liquefied petroleum gas (LPG).

Because the memorandum of understanding is a proof that the company is considered serious work on the field outside the country, especially three fields in Algeria.

Ego Syahrial

Meanwhile, Secretary General and Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM) Ego Syahrial added that not only the Mahakam block, almost all inventions of oil and gas reserves in Indonesia are indicated to only produce lean gas. That is, the supply of LPG will be reduced. To anticipate this, it will boost the construction of household gas networks.

"In RUEN (national general plan of energy), we turn to city gas. So we propose city gas, "he explained.

Therefore, it will continue the construction of a gas network to households to reach 1.9 million connections in 2019. This year, it will build a gas network of 80 thousand connections. Initially, the gas network will be built in several cities, namely Medan City, Prabumulih City, Musi Rawas Regency, Semarang City, Pasuruan City, Sidoarjo Regency, Probolinggo City, Bontang City, Balikpapan City, Penajam Paser Regency, Tarakan City, Wajo Regency, Banggai Regency, and Kota Sorong.

Currently, the new gas network connection reaches about 300 thousand households.

"Ideally we can (subtract LPG imports) if it has 3 million connections. We are targeting 1.9 million connections, if this is realized, imports could be reduced, "Ego said.

In the General Plan of National Energy (RUEN), gas network development targets are set higher. In detail, in 2025 it is targeted that there will be a gas network of 4.73 million connections, then increase again to 7.73 million connections by 2030. During 2009-2016, a built-in gas network of 189 thousand household connections.

IN INDONESIA

Pertamina Akan Beli LPG dari Sonatrach


PT Pertamina berencana membeli langsung gas minyak cair (liquefied petroleum gas/LPG) dari perusahaan migas milik pemerintah Aljazair, Sonatrach, untuk memenuhi kebutuhan dalam negeri. Pasalnya, selama ini perseroan memperoleh pasokan LPG dari trader.

Direktur Hulu Pertamina Syamsu Alam mengatakan, Blok Mahakam kini tidak lagi memasok LPG untuk diolah ke Kilang Bontang. Pasalnya, blok yang baru saja diambil alih dari Total E & P Indonesie itu tidak lagi memproduksi LPG. Hal ini karena Pertamina kini sudah beralih ke lapisan yang lebih dangkal yang hanya mengandung lean gas.

Sebagai informasi, secara umum gas alam terbagi menjadi dua jenis, dry atau lean gas dan wet atau rich gas. Lean gas merupakan gas alam yang memiliki konsentrasi metana (CH4) dan etana (C2H6) cukup tinggi. Sementara rich gas adalah gas alam yang mengandung propana (CSHS), butana (C4H10), serta hidrokarbon pentana dan heptana dalam konsentrasi tinggi. LPG dihasilkan dari propana dan butana.

Dengan berkurangnya produksi LPG, lanjut Alam, maka impornya akan makin besar. Perseroan berencana membeli langsung LPG dari Aljazair. 

“Kami beli LPG langsung ke Sonatrach. Sonatrach selama ini belum ada ekspor LPG ke Indonesia ,” kata dia di Jakarta. Rencana ini masih dalam tahap penjajakan.

Sebelumnya, perseroan telah meneken revisi nota kesepahaman pengelolaan blok migas di Aljazair dengan Sonatrach. Melalui kesepakatan baru ini, perusahaan migas milik pemerintah Aljazair itu membuka peluang bagi Pertamina untuk mengembangkan aset eksisting serta menggarap aset baru yang memiliki potensi produksi 20-30 ribu bph dan total cadangan lebih dari 100 juta barel minyak.

Tidak hanya di hulu, Direktur Utama Pertamina Elia Massa Manik menyatakan, nota kesepahaman ini juga membuka peluang bagi kerja sama di hilir, termasuk menggarap potensi gas alam cair (liquefied natural gas/LNG) serta gas minyak cair (liquefied petroleum gas/LPG). 

Pasalnya, nota kesepahaman ini merupakan bukti bahwa perseroan dinilai serius menggarap lapangan di luar negeri, utamanya tiga lapangan di Aljazair. 

Sementara itu, Sekretaris Jenderal merangkap Direktur Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral (ESDM) Ego Syahrial menambahkan, tidak hanya Blok Mahakam, hampir semua temuan cadangan migas di Indonesia diindikasi hanya menghasilkan lean gas. Artinya, pasokan LPG bakal berkurang. Untuk mengantisipasi hal tersebut, pihaknya akan menggenjot pembangunan jaringan gas rumah tangga.

“Dalam RUEN (rencana umum energi nasional), kita beralih ke city gas. Makanya kita usulkan city gas,” jelasnya.

Untuk itu, pihaknya akan melanjutkan pembangunan jaringan gas ke rumah tangga hingga mencapai 1,9 juta sambungan pada 2019. Pada tahun ini, pihaknya akan membangun jaringan gas 80 ribu sambungan. Awalnya jaringan gas akan dibangun di beberapa kota, yakni Kota Medan, Kota Prabumulih, Kabupaten Musi Rawas, Kota Semarang, Kota Pasuruan, Kabupaten Sidoarjo, Kota Probolinggo, Kota Bontang, Kota Balikpapan, Kabupaten Penajam Paser, Kota Tarakan, Kabupaten Wajo, Kabupaten Banggai, dan Kota Sorong.

Saat ini, sambungan jaringan gas baru mencapai sekitar 300 ribu rumah tangga. 

“Idealnya kita bisa (kurangi impor LPG) kalau sudah 3 juta sambungannya. Kita menargetkan 1,9 juta sambungan, kalau ini direalisasikan, impor bisa berkurang,” kata Ego. 

Dalam Rencana Umum Energi Nasional (RUEN), target pembangunan jaringan gas ditetapkan lebih tinggi. Rincinya, pada 2025 ditargetkan akan ada jaringan gas sebanyak 4,73 juta sambungan, kemudian naik lagi menjadi 7,73 juta sambungan pada 2030. Selama 2009-2016, jaringan gas yang telah terbangun yakni sebanyak 189 ribu sambungan rumah tangga.

Investor Daily, Page- 9, Tuesday, Jan 23, 2018

Concerning the Fate of Termination Block, Pertamina Send a letter to the Government



PT Pertamina said it has sent a letter to the Ministry of Energy and Mineral Resources (ESDM) regarding the management of the termination block in the future. The new termination block contract needs to be signed soon as several blocks will end their existing contract in February.

As is known, the government has commissioned the management of eight blocks that ended its contract this year to Pertamina. Of the eight blocks, Pertamina is assured of obtaining the rights of North Sumatra Offshore and Central Block management, as it will be combined with its block with Pertamina currently owned.

The other two blocks, East Kalimantan Block and Attaka will be auctioned after Pertamina and the existing contractor have declared no interest in doing so.

As for the other four blocks, Pertamina must compete with the existing contractors because the government wants the best proposal development proposal.

Oil and Gas Block

These four blocks are Tuban Block, Ogan Komering, South East Sumatera, and Sanga-Sanga. Ogan Komering Block is currently managed by Pertamina with Talisman, while the Tuban Block is managed by PetroChina East Java with Pertamina. Then, the South East Sumatera Block was done by CNOOC and Sanga-Sanga Block by Vico Indonesia.

"On Monday (22/1), we have sent a letter to the Ministry of Energy and Mineral Resources related to the blocks," said Pertamina Upstream Director of Syamsu Alam in Jakarta, Monday (22/1).

Unfortunately, Nature is reluctant to reveal what the contents of the letter. He only mentioned this letter related to the management of the termination blocks in the future. In addition, the letter does not discuss the right to match offered to the company. Nature also does not want to mention which blocks are still interested in Pertamina.

"Just wait later if there is a final decision," he said.

Previously, Secretary General and Director General of Oil and Gas at the Ministry of ESDM Ego Syahrial said that the government has completed the evaluation of the proposed development plan of existing contractual contractors (KKKS). As a result, the proposals from the existing KKKS are considered slightly better than Pertamina.

"Pertamina again thinks what Pertamina wants to right to match. So this position awaits Pertamina, "he said.

He said the government provides an opportunity for Pertamina to right to match or match the existing contractor's offer in order to obtain the termination block management. This is to ensure the country gets the best offer, so the state revenue from the block is not reduced.

It targets, the new termination block contract can be signed at the beginning of this year. It is recalled that some blocks will expire in February. Precisely Tuban Block will end its contract on February 23, 2018, and Ogan Komering Block on February 28, 2018.

IN INDONESIA

Soal Nasib Blok Terminasi, Pertamina Mengirim surat ke Pemerintah


PT Pertamina menyatakan telah mengirim surat ke Kementerian Energi dan Sumber Daya Mineral (ESDM) tentang pengelolaan blok terminasi ke depannya. Kontrak baru blok terminasi ini perlu segera ditandatangani mengingat beberapa blok akan berakhir kontrak eksistingnya pada Februari ini.

Seperti diketahui, pemerintah telah menugaskan pengelolaan delapan blok yang berakhir kontraknya pada tahun ini kepada Pertamina. Dari delapan blok itu, Pertamina dipastikan memperoleh hak pengelolaan Blok North Sumatera Offshore dan Tengah, karena akan digabungkan pengelolaannya dengan blok yang saat ini dimiliki Pertamina. 

Dua blok lain, yakni Blok East Kalimantan dan Attaka akan dilelang setelah Pertamina dan kontraktor eksisting menyatakan tidak berminat mengerjakannya.

Sementara untuk empat blok lainnya, Pertamina harus bersaing dengan kontraktor eksisting karena pemerintah menginginkan tawaran proposal rencana pengembangan yang terbaik. 

Keempat blok ini adalah Blok Tuban, Ogan Komering, South East Sumatera, dan Sanga-Sanga. Blok Ogan Komering saat ini dikelola Pertamina bersama Talisman, sementara Blok Tuban digarap Petrochina East Java bersama Pertamina. Kemudian, Blok South East Sumatera dikerjakan oleh CNOOC dan Blok Sanga-Sanga oleh Vico Indonesia.

“Hari Senin (22/1), kami sudah mengirim surat ke Kementerian ESDM terkait blok-blok tersebut,” kata Direktur Hulu Pertamina Syamsu Alam di Jakarta, Senin (22/1).

Sayangnya, Alam enggan mengungkapkan apa isi dari surat tersebut. Dia hanya menyebut surat ini terkait dengan pengelolaan blok-blok terminasi ke depannya. Selain itu surat tersebut tidak membahas soal bagian right to match yang ditawarkan ke perseroan. Alam juga tidak mau menyebutkan blok mana saja yang masih diminati Pertamina. 

“Tunggu saja nanti kalau sudah ada keputusan akhirnya,” ujarnya.

Sebelumnya, Sekretaris Jenderal merangkap Direktur Jenderal Minyak dan Gas Bumi Kementerian ESDM Ego Syahrial menuturkan, pemerintah telah merampungkan evaluasi proposal rencana pengembangan dari kontraktor kontrak kerja sama (KKKS) eksisting. Hasilnya, proposal dari KKKS eksisting dinilai sedikit lebih baik dari Pertamina. 

“Pertamina lagi berpikir apa Pertamina mau right to match. Jadi ini posisinya menunggu Pertamina,” tuturnya.

Dikatakannya, pemerintah memberikan kesempatan bagi Pertamina untuk right to match atau menyamai tawaran kontraktor eksisting agar bisa memperoleh bagian pengelolaan blok terminasi. Hal ini untuk memastikan negara mendapat penawaran terbaik, sehingga pendapatan negara dari blok tersebut tidak berkurang.

Pihaknya menargetkan, kontrak baru blok terminasi ini bisa ditandatangani pada awal tahun ini. Hal ini mengingat, beberapa blok akan berakhir kontraknya pada Februari. Tepatnya Blok Tuban akan berakhir kontraknya pada 23 Februari 2018 dan Blok Ogan Komering pada 28 Februari 2018. 

Investor Daily, Page- 9, Tuesday, Jan 23, 2018

Pertamina Ready to Manage Four Blocks of Termination Time



PT Pertamina is responding to the government regarding the termination of oil and gas blocks. This SOE sent a letter to the Ministry of Energy and Mineral Resources (ESDM) related to the management plan of the blocs in the future. Upstream Director of Pertamina Syamsu Alam said the letter had just been handed over to the government.

Syamsu Alam

"Today we send a letter, just wait for the final decision," said Syamsu Alam.

He was reluctant to explain the details of the contents of the letter, but clearly, the letter not only contained readiness, but also Pertamina's plan to manage the termination blocks.

Just so you know, there are actually eight termination blocks that have been submitted to Pertamina. However, two blocks are being cultivated to the government of East Borneo Block and Attaka because the economic scale is not good. There are four blocks that are not automatically submitted to Pertamina.

But through the evaluation process because the government considers the existing contractor to continue its management, ie for the Tuban block, Ogan Komering Block, Sanga Sanga Block and South East Sumatra Block. Meanwhile, the other two blocks of North Sumatera Block Offshore and Central Block are directly handed over to Pertamina. The other four are still waiting for the government's decision whether to be handed over to Pertamina or not.

IN INDONESIA

Pertamina Siap Mengelola Sisa Empat Blok Terminasi


PT Pertamina merespons pemerintah terkait pengelolaan blok migas yang masuk masa terminasi. BUMN ini mengirimkan Surat kepada Kementerian Energi dan Sumber Daya Mineral (ESDM) terkait rencana pengelolaan blok-blok tersebut ke depan. Direktur Hulu Pertamina Syamsu Alam menyatakan, surat itu baru saja diserahkan pada pemerintah. 

"Hari ini kita mengirim Surat. Tunggu saja nanti kalau sudah ada keputusan finalnya," kata Syamsu Alam.

la enggan menjelaskan detail isi surat tersebut, tapi yang jelas, surat itu bukan saja berisi kesiapan, tapi juga rencana Pertamina dalam mengelola berbagai blok terminasi tersebut.

Asal tahu saja, sebenarnya ada delapan blok terminasi yang sudah sempat diserahkan ke Pertamina. Namun, dua blok dikemballkan ke pemerintah yakni Blok East Kalimantan dan Attaka karena skala ekonomi tidak bagus. Terdapat empat blok yang tidak secara otomatis diserahkan ke Pertamina. 

Tapi melalui proses evaluasi karena pemerintah mempertimbangkan kontraktor eksisting untuk melanjutkan pengelolaannya, yakni untuk blok Tuban, Blok Ogan Komering, Blok Sanga Sanga dan Blok South East Sumatera. Sementara dua blok lainnya Blok North Sumatera Offshore dan Blok Tengah diserahkan langsung ke Pertamina. Adapun empat lainnya masih menunggu keputusan pemerintah, apakah akan diserahkan ke Pertamina atau tidak.

Harian Bangsa, Page-4, Tuesday, Jan 23, 2018

Formation of Holding of Current Oil and Gas Enterprise



       After PGN acquired Pertagas, Pertamina Hulu Energy acquired Saka Energi Indonesia

Holding BUMN Migas only count the days. Precisely on January 25, 2018, PT Pertamina will become a holding state-owned oil and gas company with the entry of PT Perusahaan Gas Negara Tbk (PGN) as a subsidiary.

The latest news of the Annual General Meeting of Shareholders (AGM) of Pertamina is conducted before the Extraordinary General Meeting of Shareholders (EGM) of PGN. The agenda, in addition to discussing the amendment of the articles of association, will also be discussed on several other agendas. The AGMS of Pertamina will discuss approval of receipt of transfer of the series B shares of state in PGN.

It also discussed the approval of Pertamina's share acquisition in Pertagas by PGN. Meanwhile, the AGM will also discuss approval of Pertagas acquisition. However, the External Communication Manager of PT Pertamina Arya Dwi Paramita said there was no AGM held on Monday (22/1).

What is certain under the command of Pertamina, the issuer coded PGAS in Indonesia Stock Exchange will serve as a sub-holding and still has a business focus on the natural gas sector. And its role will be further expanded with the business of gas natural gas sales and management.

It also manages the Arun LNG plant, the West Java floating storage regasification unit (FSRU) and a number of gas businesses that have been directly managed by Pertamina or its subsidiaries. Deputy for Mining Business, Strategic Industries, and State-Owned Enterprises Ministry Fajar Harry Sampurno confirmed the plan regarding PGN to be a sub-holding will be realized.

"The plan is that in the midstream to the downstream plan of gas will be handled by PGN," he said.

Deputy of Energy, Logistics and Tourism Ministry of SOE, Edwin Hidayat Abdullah also said that after Pertagas was acquired by PGN, it was Saka Energi's turn to be taken over by PT Pertamina Hulu Energi. Hearing the scheme, Public Relations Manager of PT Pertamina Gas (Pertagas) Hatim Ilwan said, about Pertagas acquisition plan PGN is final or not, certainly in the hands of the government.

"We at Pertagas, in principle will follow all directions and orders from our shareholders, namely Pertamina (Persero)," Hatim said.

He said, in the plan Holding BUMN Migas, Pertagas has no special preparation. However, several coordination meetings between Pertamina and PGN, Pertagas were also involved. Danareksa Securities analyst Lucky Bayu Purnomo explained, basically, the acquisition of Pertagas by PGN had a positive impact for PGN. Because PGN will have additional portfolios and integrated portfolios in the same field.

Then, the prospect of PGN will be good enough for public shares. Companies that have capitalization in the form of assets referred to as the result of acquisitions will be weighted positively by capital market actors.

IN INDONESIA

Pembentukan Holding BUMN Migas Lancar


       Setelah PGN mengakuisisi Pertagas, giliran Pertamina Hulu Energi akuisisi Saka Energi Indonesia

Holding BUMN Migas hanya menghitung hari. Tepatnya 25 Januari 2018 nanti PT Pertamina akan menjadi holding BUMN Migas dengan masuknya PT Perusahaan Gas Negara Tbk (PGN) sebagai anak usaha.

Kabar terbaru Rapat Umum Pemegang Saham (RUPS) Pertamina dilakukan sebelum Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PGN. Agendanya, selain membahas perubahan anggaran dasar, akan juga dibahas beberapa agenda lain. RUPS Pertamina akan membahas persetujuan penerimaan pengalihan saham seri B negara yang ada di PGN.

Sekaligus juga membahas persetujuan pengambilalihan saham Pertamina di Pertagas oleh PGN. Sementara RUPS PGN juga akan membahas persetujuan upaya akuisisi Pertagas. Namun, Manajer External Communication PT Pertamina Arya Dwi Paramita menyatakan tidak ada RUPS yang dilaksanakan Senin (22/1).

Yang pasti di bawah komando Pertamina, emiten berkode PGAS di Bursa Efek Indonesia itu akan berperan sebagai sub- holding dan tetap memiliki fokus bisnis pada sektor gas bumi. Dan peranannya akan lebih diperluas dengan bisnis pengelolaan dan penjualan gas bumi.

Termasuk juga mengelola kilang LNG Arun, floating storage regasification unit (FSRU) Jawa Barat dan sejumlah bisnis gas yang selama ini dikelola langsung Pertamina ataupun anak usahanya. Deputi Bidang Usaha Pertambangan, Industri Strategis, dan Media Kementerian BUMN Fajar Harry Sampurno membenarkan rencana soal PGN menjadi sub-holding akan terwujud. 

"Rencananya seperti itu. Dalam perencanaan memang midstream to downstream dari gas akan ditangani PGN," katanya.

Deputi Bidang Energi, Logistik, dan Pariwisata Kementerian BUMN, Edwin Hidayat Abdullah juga pernah bilang, setelah Pertagas diakuisisi PGN, giliran Saka Energi diambilalih oleh PT Pertamina Hulu Energi. Mendengar skema itu, Manajer Humas PT Pertamina Gas (Pertagas) Hatim Ilwan mengatakan, soal rencana PGN akuisisi Pertagas ini sudah final atau belum, tentu ada di tangan pemerintah.

"Kami di Pertagas, pada prinsipnya akan mengikuti segala arahan dan perintah dari pemegang saham kami, yakni Pertamina (Persero),“ kata Hatim.

Dia mengatakan, dalam rencana Holding BUMN Migas, Pertagas tidak memiliki persiapan khusus. Hanya saja, beberapa pertemuan koordinasi antara Pertamina dan PGN, Pertagas juga ikut dilibatkan. 

   Analis Danareksa Sekuritas Lucky Bayu Purnomo menjelaskan, pada dasarnya akuisisi Pertagas oleh PGN itu memberikan dampak positif bagi PGN. Sebab PGN akan memiliki portofolio tambahan dan portofolio yang terintegrasi dalam satu bidang yang sama.

Kemudian, prospek dari PGN tersebut akan cukup baik bagi saham publik. Perusahaan yang memiliki kapitalisasi dalam bentuk aset yang disebut sebagai hasil akuisisi akan di bobot positif oleh pelaku pasar modal.

Kontan, Page-14, Tuesday, Jan 23, 2018

PGN Will Handle Gas Sector in Oil and Gas Holding



Deputy of Mining Business, Strategic Industries, and Media of the Ministry of State-Owned Enterprises, Fajar Harry Sampurna said that one of the plans in oil and gas holding PGN will focus on managing and managing all gas business so far. Later, despite being a subsidiary of Pertamina, but PGN will take care of all the downstream of gas activities.

"The plan is in the midstream to downstream of gas will be handled PGN later," said Harry, Monday (22/1).

Harry explained with the holding, then PGN will change its status into a subsidiary of Pertamina. Under the command of Pertamina, PGN will serve as sub-holding and remain a business focus on the natural gas sector. Even its role will be further expanded with business management and sales of natural gas.

PGN's scope of work also includes managing the Arun LNG plant, FSRU East Java and a number of gas businesses that have been managed directly by Pertamina or its subsidiaries. So that all things related to natural gas affairs will be managed directly by PGN.

Meanwhile Pertamina will remain focused on the upstream and downstream sector of petroleum, while also overseeing PGN's performance. PGN is scheduled to hold a General Meeting of Shareholders (GMS) on January 25, 2018. Agenda of the Extraordinary General Meeting of Shareholders (EGMS) related to the amendment of the articles of association. Citing the openness of Indonesia Stock Exchange (IDX).

IN INDONESIA

PGN Akan Tangani Sektor Gas di Holding Migas


Deputi Bidang Usaha Pertambangan, Industri Strategis, dan Media Kementerian BUMN, Fajar Harry Sampurna mengatakan salah satu rencana dalam holding migas nantinya PGN akan fokus mengatur dan mengelola seluruh bisnis gas selama ini. Nantinya, walaupun menjadi anak usaha Pertamina, namun PGN yang akan mengurus semua downstream dari kegiatan gas. 

"Rencananya seperti itu. Dalam perencanaan memang midstream to downstream dari gas akan ditangani PGN nantinya," ujar Harry, Senin (22/1).

Harry menjelaskan dengan adanya holding, maka PGN akan berubah statusnya menjadi anak perusahaan Pertamina. Di bawah komando Pertamina, PGN akan berperan sebagai subholding dan tetap memiliki fokus bisnis pada sektor gas bumi. Bahkan peranannya akan lebih diperluas dengan bisnis pengelolaan dan penjualan gas bumi.

Lingkup kerja PGN juga termasuk mengelola kilang LNG Arun, FSRU Jawa Barat dan sejumlah bisnis gas yang selama ini dikelola langsung oleh Pertamina ataupun anak usahanya. Sehingga semua hal yang terkait dengan urusan gas bumi akan dikelola langsung oleh PGN. 

Sementara Pertamina akan tetap fokus sektor hulu dan hilir minyak bumi, sekaligus juga mengawasi kinerja PGN. PGN direncanakan akan melakukan Rapat Umum Pemegang Saham (RUPS) pada 25 Januari 2018 mendatang. Agenda Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) terkait perubahan anggaran dasar. Mengutip keterbukaan Bursa Efek Indonesia (BEI).

Harian Bangsa, Page-4, Tuesday, Jan 23, 2018

5 Winners Announced Late January 2018



The Ministry of Energy and Mineral Resources confirmed the results of an oil and gas block auction held since 2017 will be announced at the end of January 2018.

In addition, the management decision of four oil and gas blocks that are under contract by PT Pertamina will be decided in the near future. Pertamina, as a national oil and gas company, has the right to match to immediately take over the oil and gas working area that has been exhausted.

Archandra Tahar

Deputy Minister of Energy and Mineral Resources (ESDM) Archandra Tahar said the auction results of the oil and gas block will be announced earlier than the previous plan, ie at the end of January 2018. Previously, the Ministry of Energy and Mineral Resources auction results announced in early February 2018.

 "We are accelerating for the exploration process can also be faster for the 'winners of the auction," he said on Monday (22/1).

Archandra was reluctant to ensure the winners of the auction that there is only one enthusiast.

"Later the certainty, wait for the results out," he said.

In 2017, the ESDM Ministry offers 10 conventional oil and gas blocks and 5 unconventional oil and gas blocks. A total of five out of 10 conventional oil and gas blocks are attractive to investors while five non-conventional oil and gas blocks are still unattractive. The five oil and gas blocks are all part of seven oil and gas blocks with direct appointment schemes.

The five blocks consist of the Andaman I work area in demand by Mubadala Petroleum. The Andaman II working area attracted three investors, Repsol Exploracion SA, PT Energi Mega Persada Tbk, and Premier Oil Far East Ltd. consortium, Mubadala Petroleum. and Kris Energy.

Merak-Lampung working area is interested by PT Tansri Madjid Energi. Then, for the work area, Pekawai and West Yamdena respectively enthused by PT Saka Energy Indonesia. The company filed for auction documents last year.

Previously, the ESDM ministry noted that there were 20 tender documents for the auction of conventional oil and gas working areas being accessed with a total of 13 companies interested in the 10 conventional blocks. then, there is also one company that accesses two documents of unconventional oil and gas working area. However, all that is limited to access to the only documents that remain for five conventional blocks only.

DECREE OF PERTAMINA

In addition, the ESDM Ministry will also confirm Pertamina's decision to take the right to four termination blocks granted since the beginning of this year. Deputy Minister of EMR Arcandra Tahar said that Pertamina's privilege decision will be decided shortly.

"The result is whether Pertamina will take the right to match or will not be confirmed in the near future," he said.

The Ministry of Energy and Mineral Resources grants Pertamina privileges to manage four blocks to be terminated this year. The four blocks are Tuban Block, Southeast Sumatra Block, Ogan Komering Block and Sanga-Sanga Block. Meanwhile, the management of the Central Block is combined with the Mahakam Block and the Offshore North Sumatera Block (NSO) technically combined with North Sumatra B (NSB).

Ego Syahrial

Implementing the task of the Director General of Oil and Gas at the Ministry of Energy and Mineral Resources Ego Syahrial explained that Pertamina has been appointed to directly manage eight oil and gas blocks whose contract has expired (termination) this year. However, Pertamina requested six oil and gas blocks with two block management records combined so that the remaining four blocks.

IN INDONESIA

5 Pemenang Diumumkan Akhir Januari 2018  


Kementerian Energi dan Sumber Daya Mineral memastikan hasil lelang blok minyak dan gas bumi yang digelar sejak 2017 akan diumumkan pada akhir Januari 2018.

Selain itu, keputusan pengelolaan empat blok migas yang habis kontrak oleh PT Pertamina akan diputuskan dalam waktu dekat. Pertamina, sebagai perusahaan migas nasional, memiliki hak istimewa (right to match) untuk langsung mengambil alih wilayah kerja migas yang sudah habis.

Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengatakan, hasil lelang blok migas akan diumumkan lebih awal dari rencana sebelumnya, yakni pada akhir Januari 2018. Sebelumnya, Kementerian ESDM menargetkan hasil lelang diumumkan pada awal Februari 2018.

 "Kami percepat agar proses eksplorasinya juga bisa lebih cepat bagi para ‘pemenang lelang,” ujamya, Senin (22/1).

Arcandra pun enggan memastikan pemenang lelang yang hanya ada satu peminat. 

“Nanti saja kepastiannya, tunggu hasilnya keluar,” ujarnya.

Pada 2017, Kementerian ESDM menawarkan 10 blok migas konvensional dan 5 blok migas nonkonvensional. Sebanyak lima dari 10 blok migas konvensional diminati investor sedangkan lima blok migas nonkonvensional masih tidak diminati. Lima blok migas yang diminati itu semua bagian dari tujuh blok migas dengan skema penunjukkan langsung.

Kelima blok itu terdiri atas wilayah kerja Andaman I diminati oleh Mubadala Petroleum. Wilayah kerja Andaman II diminati tiga investor, yakni Repsol Exploracion SA, PT Energi Mega Persada Tbk., dan konsorsium Premier Oil Far East Ltd., Mubadala Petroleum. dan Kris Energi. 

Wilayah kerja Merak-Lampung diminati oleh PT Tansri Madjid Energi. Kemudian, untuk wilayah kerja Pekawai dan West Yamdena masing-masing diminati oleh PT Saka Energi Indonesia. Perusahaan itu memasukkan dokumen lelang menjelang tutup tahun lalu. 

Sebelumnya, kementerian ESDM mencatat ada 20 dokumen penawaran lelang wilayah kerja migas konvensioal telah diakses dengan total 13 perusahaan yang meminati 10 blok konvensional tersebut. lalu, ada pula satu perusahaan yang mengakses dua dokumen wilayah kerja migas nonkonvensional. Namun, semua itu baru sebatas melakukan akses hingga yang memasukkan dokumen tersisa untuk lima blok konvensional saja.

KEPUTUSAN PERTAMINA

Selain itu, Kementerian ESDM juga akan memastikan keputusan Pertamina untuk mengambil hak terhadap empat blok terminasi yang diberikan sejak awal tahun ini. Wakil Menteri ESDM Arcandra Tahar mengatakan bahwa keputusan hak istimewa Pertamina akan diputuskan sebentar lagi.

“Hasilnya apakah Pertamina akan mengambil right to match atau tidak akan dipastikan dalam waktu dekat,” ujarnya.

Kementerian ESDM memberikan hak istimewa kepada Pertamina untuk mengelola empat blok yang akan terminasi tahun ini. Keempat blok itu antara lain Blok Tuban, Blok Southeast Sumatera, Blok Ogan Komering, dan Blok Sanga-sanga. Sementara itu, pengelolaan Blok Tengah digabung dengan Blok Mahakam dan Blok North Sumatera Offshore (NSO) teknisnya digabung degan North Sumatera B (NSB).

Pelaksana tugas Dirjen Migas Kementerian ESDM Ego Syahrial menjelaskan, Pertamina sudah ditunjuk untuk langsung mengelola delapan blok migas yang kontraknya sudah habis (terminasi) pada tahun ini. Namun, Pertamina meminta enam blok migas dengan catatan pengelolaan dua blok digabung sehingga yang tersisa empat blok. 

Bisnis Indonesia, Page-30, Tuesday, Jan 23, 2018

Pertamina's Profit Down



The net profit of PT Pertamina during 2017 was eroded as the government chose to maintain public purchasing power by not raising Premium and diesel prices.

Pertamina's profit in 2017 reached around Rp 27 trillion. As for, until the third quarter / 2017, the profit of this state-owned company reached US $ 1.99 billion.

"The increase in world oil prices has become one of the main causes of Pertamina's decline in profit because there is no adjustment of fuel price [fuel]," he said.

He said that although world oil prices continued to move from the level of US $ 40 per barrel since mid-2017 to reach US $ 60 per barrel in early 2018, the government did not adjust the price of Premium and diesel fuel.

The Premium and diesel prices set by the government throughout 2017 amounted to Rp 6,550 and Rp 5,100 per liter, respectively, assuming that the Indonesian crude oil price (ICP) is at US $ 48 per barrel.

On the other hand, Pertamina has tasted the positive impact of low world oil prices with a profit surge of more than twice as much as US $ 3.15 billion in 2016 compared to the previous year of US $ 1.45 billion.

When Bisnis confirmed this, Pertamina Finance Director Arief Budiman declined to comment, He is still reluctant to explain the company's net profit factor.

"Later, wait for the official exposure," he said on Monday (22/1).

Komaidi Notonegoro, ReforMiner Energy Observer, said that the decline in Pertamina's net profit over the past year could be due to a one-price fuel policy and a government unwilling to raise diesel and Premium prices.

According to Komaidi, when the global crude oil price trends are rising, global oil and gas companies should be able to gain more profit.

"I think Pertamina's upstream business needs to register an increase, but it has to sacrifice its downstream business for the sake of society," he said.

On the other hand, Pertamina is preparing a plan to release PT Pertamina Gas to PT Perusahaan Gas Negara (Persero) Tbk. as part of a plan for holding state-owned oil and gas companies. Pertamina Gas Corporate Secretary (Pertagas) Arif Widodo said it was ready with the acquisition plan by Perusahaan Gas Negara (PGN).

"We also focus on joint operation arrangements so that the interests of consumers are not disturbed during the acquisition process," he said.

The Ministry of State-Owned Enterprise (BUMN) projected the formation of BUMN holding of oil and gas can create total asset value of Rp 941 Trillion. The amount is derived from the merger of assets of Pertamina, PGN assets, operational synergies and capital expenditure and investment capacity for 15 years.

IN INDONESIA

Laba Pertamina Turun


Laba bersih PT Pertamina sepanjang 2017 tergerus karena pemerintah memilih untuk menjaga daya beli masyarakat dengan tidak menaikkan harga Premium dan solar.

Laba Pertamina pada 2017 mencapai sekitar Rp 27 triliun. Adapun, sampai dengan kuartal III/2017, laba perusahaan milik pemerintah ini mencapai US$ 1,99 miliar.

“Kenaikan harga minyak dunia menjadi salah satu penyebab utama penurunan laba Pertamina karena tidak ada penyesuaian harga BBM [bahan bakar minyak],” katanya.

Dia mengatakan, kendati harga minyak dunia terus bergerak naik dari level US$ 40 per barel sejak pertengahan 2017 hingga mencapai US$ 60 per barel pada awal 2018, pemerintah tidak melakukan penyesuaian harga Premium dan solar.

Adapun harga Premium dan solar yang ditetapkan pemerintah sepanjang 2017 masing-masing Rp 6.550 dan Rp 5.100 per liter dengan asumsi harga minyak mentah Indonesia (ICP) US$ 48 per barel.

Di sisi lain, Pertamina telah mengecap dampak positif harga minyak dunia yang rendah dengan lonjakan laba lebih dari dua kali banyaknya menjadi US$ 3,15 miliar pada 2016 dibandingkan dengan tahun sebelumnya US$ 1,45 miliar.

Ketika Bisnis mengonfirmasi hal tersebut, Direktur Keuangan Pertamina Arief Budiman menolak memberikan komentar, Dia juga masih enggan memaparkan faktor penurunan laba bersih perseroan.

“Nanti, tunggu paparan resminya saja," ujarnya, Senin (22/1).

Komaidi Notonegoro, Pengamat Energi ReforMiner, mengatakan bahwa penurunan laba bersih Pertamina sepanjang tahun lalu bisa disebabkan oleh kebijakan BBM satu harga dan pemerintah yang enggan menaikkan harga solar dan Premium.

Menurut Komaidi, di saat tren harga minyak mentah dunia yang meningkat, perusahaan migas secara global seharusnya bisa mendapatkan keuntungan yang lebih banyak.

“Saya pikir seharusnya dari segi bisnis hulunya Pertamina mencatatkan kenaikan, tetapi memang harus berkorban pada bisnis hilirnya demi masyarakat,” ujarnya.

Di sisi lain, Pertamina sedang menyusun rencana pelepasan PT Pertamina Gas kepada PT Perusahaan Gas Negara (Persero) Tbk. sebagai bagian dari rencana pembentukan holding BUMN minyak dan gas. Sekretaris Korporasi Pertamina Gas (Pertagas) Arif Widodo mengatakan, pihaknya sudah siap dengan rencana akuisisi oleh Perusahaan Gas Negara (PGN).

"Kami pun juga fokus untuk melakukan pengaturan operasi bersama agar kepentingan konsumen tidak terganggu selama proses akuisisi tersebut,” ujarya.

Kementerian BUMN memproyeksikan pembentukan holding BUMN migas dapat menciptakan total nilai aset mencapai Rp 941 Triliun. Jumlah itu berasal dari penggabungan aset Pertamina, aset PGN, sinergi operasional dan belanja modal serta kapasitas investasi selama 15 tahun.

Bisnis Indonesia, Page-1, Tuesday, Jan 23, 2018

Pertamina hits pay dirt in Algeria



Energy giant Pertamina is set to expand its presence in Algeria following a generous deal with a local firm that will pave the way for the state-owned company to operate a new oil and gas block without any acquisition costs.

The deal was made in December as Pertamina amended a memorandum of understanding (MoU) that was originally signed with Algerian state energy firm Sonatrach in September 2016.

Through the amended MoU, Pertamina claimed it would be able to jointly develop with Sonatrach a new oil asset in Algeria with total reserves of 100 million barrels of oil and an estimated production rate of 20,000 to 30,000 barrels of oil per day (bopd).

“This is a government-to-government deal. [...] We will get some participating interest in a block without any acquisition costs,” Pertamina upstream director Syamsu Alam said on Thursday, without disclosing the name of the block.

“Later, all of our disbursed costs will be accounted for as investments.”

Syamsu Alam

Syamsu said Sonatrach had drilled 30 development wells at the block but had yet to start the production process there. He also said as the block was located near Pertamina’s existing assets in Algeria, the company would be able to use shared facilities once the deal is done.

At present, Pertamina, through subsidiary Pertamina Internasional EP (PIEP), has participating interest at three oil and gas fields in Algeria, namely at the MLN field with 65 percent interest, the EMK field with 16.9 percent and the OHD field with 3.73 percent.

       Pertamina and Sonatrach are expected to soon finalize their deal and settle commercial terms before submitting a plan of development (POD) to the Algerian oil and gas authority.

Pertamina. is also looking to buy liquefied petroleum gas (LPG) from Sonatrach, though no further details are currently available. Meanwhile, Pertamina sent a proposal to Iranian government-owned National Iranian Oil Company (NIOC) in February 2017 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 expected to produce 200,000 bopd each. Pertamina aims to increase its overall overseas oil production by 3.8 percent year-on-year to 108,000 bopd this year, while gas production is projected to fall by 3.27 percent to 266 million standard cubic feet per day (mmscfd).

In the long run, Pertamina aims to jack up its total oil and gas production to 1.9 million barrels of oil equivalent per day (boepd) by 2025, 34.2 percent of which will come from its over-seas fields.

Pertamina’s decision to be more aggressive in overseas territories has come in the wake of a decline in national oil production. Indonesia’s oil production has dwindled to around 800,000 bopd at present from around 1.2 million bopd in the early years of the 21S‘ century. As production has been falling, the country has been forced to import around 60 percent of its current oil needs of 1.6 million bopd.

BMI Research, a unit of Fitch Group, projected Indonesia’s crude oil and natural gas production will decline at an average annual rate of 1.7 percent and 4 percent, respectively, over the 2017-2021 period.

“Indonesia’s crude oil and natural gas production is set to see firm declines [...] amid slowing investment into new projects to counter natural declines at mature assets,” BMI Research says in a report published in August 2017.

“Moreover, although We believe oil prices will improve over the coming years, the gradual pace of the rebound, particularly over the next two years, will continue to drag on firms’ appetite for costly output maintenance works at aging fields.”

The price of global benchmark Brent crude reached last year’s peak of US$67.02 per barrel on Dec. 26 after falling to $ 44182 on June 21. The price hovered at around $68 on Friday. Pertamina has allocated $ 5.6 billion in capital expenditure this year, up from $4 billion in 2017. 

About 60 percent of the allocated figure will be used to support the company’s upstream business activities, including the acquisition of overseas blocks.

the Jakarta Post, Page-13, Monday, Jan 22, 2018