Pertamina Prepares Rokan Transition

PT Pertamina (Persero) prepared a number of activities in 2019 to begin the transition to managing the Rokan Block located in Riau. After paying the signature bonus December 20, 2018, Pertamina immediately formed a subsidiary to manage the legendary oil and gas work area, namely PT Pertamina Hulu Rokan.

the Rokan Block located in Riau

RP Yudantoro was appointed as President Director of Pertamina Hulu Rokan. This former Director of Operations at PT Pertamina EP Cepu (PEPC) has not been able to comment on the transition to the management of the Rokan Block.

Pertamina EP Cepu (PEPC) Block 

"Later," he said in accordance with PT Pertamina's Upstream Media Workshop event: Upstream Insight.

On the same occasion, Upstream Director of Pertamina Dharmawan Samsu explained, Pertamina's focus is in the transition of the legendary oil and gas block. He explained, Pertamina Hulu Rokan was directly under the Pertamina Upstream Directorate. 

     Dharmawan said, this subsidiary was officially formed on December 20, 2018, the day before the company paid a signature bonus and guaranteed performance for the Rokan Block.

"The signature of the contract is targeted for this month. We are currently in the final discussion stage with the government, "he said.

Furthermore, Pertamina also plans to build an oil pipeline with a downstream scheme that connects Minas-Duri-Dumai and Balam-Bangko-Dumai. The construction of an oil pipeline is considered necessary because the existing pipelines are 40 years old. 

     According to him, the construction of the pipeline does not need to wait for the transition, management, but it can already be done this year. Based on the results of the study, to facilitate production, the pipeline infrastructure must be replaced.

"Chevron has agreed, but it will be detailed in the future. "The route will be installed next to each other, some will be made new," said the former BP Indonesia Head of Country.

In addition to the construction of a pipeline, Pertamina plans to also prepare a well drilling program. Dharmawan acknowledges that drilling wells is not easy because it requires a business agreement.

SKK Migas Head Dwi Soetjipto said that drilling wells is possible in the second semester / 2019. Meanwhile, to encourage upstream oil and gas investment, a concrete breakthrough needs to be done, one of which is the simplification of licensing for operational activities by focusing on SKK Migas. 

      The lecturer at the Trisakti University Faculty of Earth Sciences and Energy Pri Agung Rakhmanto said that innovation in the form of strengthening the role of SKK Migas could be done through the revision of the Oil and Gas Law.

IN INDONESIA

Pertamina Siapkan Masa Transisi Rokan

PT Pertamina (Persero) menyiapkan sejumlah kegiatan pada 2019 untuk mulai melakukan transisi pengelolaan Blok Rokan yang berlokasi di Riau. Setelah membayarkan bonus tanda tangan 20 Desember 2018, Pertamina langsung membentuk anak usaha untuk mengelola wilayah kerja minyak dan gas bumi legendaris tersebut, yaitu PT Pertamina Hulu Rokan. 

RP Yudantoro ditunjuk sebagai Presiden Direktur Pertamina Hulu Rokan. Mantan Direktur Operasional PT Pertamina EP Cepu (PEPC) ini belum dapat memberikan komentar terkait dengan transisi pengelolaan Blok Rokan. 

“Nanti dulu," katanya sesuai acara Media Workshop Direktorat Hulu PT Pertamina: Upstream Insight. 

Pada kesempatan yang sama, Direktur Hulu Pertamina Dharmawan Samsu memaparkan, sejumlah fokus Pertamina dalam transisi blok migas legendaris tersebut. Dia menjelaskan, Pertamina Hulu Rokan berada langsung di bawah Direktorat Hulu Pertamina. 

      Dharmawan menyebutkan, anak usaha ini resmi dibentuk pada 20 Desember 2018, sehari sebelum perusahaan membayar bonus tanda tangan dan jaminan performa untuk Blok Rokan. 

“Tanda tangan kontrak ditargetkan untuk dilakukan pada bulan ini. Saat ini kami berada dalam tahap diskusi final dengan pemerintah,” ujarnya. 

Selanjutnya, Pertamina juga berencana untuk membangun pipa minyak dengan skema hilir yang menghubungan Minas-Duri-Dumai dan Balam-Bangko-Dumai. Pembangunan pipa minyak dianggap perlu mengingat jaringan pipa yang ada sudah berumur 40 tahun. 

     Menurutnya, pembangunan pipa tidak perlu menanti peralihan, pengelolaan, tetapi sudah dapat dilakukan pada tahun ini. Berdasarkan hasil kajian, untuk memperlancar produksi, infrastruktur pipa harus diganti. 

“Chevron sudah sepakat, tetapi akan didetailkan ke depannya. Mengenai jalur nanti dipasang bersebelahan, ada juga yang dibuat baru,” tutur mantan Head of Country BP Indonesia tersebut. 

Selain pembangunan jaringan pipa, Pertamina rencananya juga menyiapkan program pengeboran sumur. Dharmawan mengakui bahwa pengeboran sumur tidak mudah karena memerlukan kesepakatan bisnis. 

Kepala SKK Migas Dwi Soetjipto mengatakan bahwa pengeboran sumur dimungkinkan terjadi pada semester II/2019. Sementara itu, untuk mendorong investasi hulu migas perlu dilakukan terobosan konkret, salah satunya penyederhanaan perizinan kegiatan operasional dengan memusatkan di SKK Migas. 

     Pengajar di Fakultas Teknologi Kebumian dan Energi Universitas Trisakti Pri Agung Rakhmanto mengatakan, inovasi dalam bentuk penguatan peran SKK Migas dapat dilakukan melalui revisi Undang-Undang Minyak dan Gas. 

Bisnis Indonesia, Page-10, Saturday, Jan 19, 2019

National Oil and Gas Lifting Target Increases to 2.02 Million BOEPD

Lifting oil and gas (oil and gas) this year is targeted to increase to 2.02 million barrels of barrel oil equivalent per day (BOEPD), from the 2018 realization of 1.9 million BOEPD. The addition of production is one of the 13 oil and gas projects planned to start operating this year. 

     Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soecipto said, oil lifting in 2019 is targeted at 775 thousand barrels per day (BPD), where last year's realization was 778 thousand BPD. While the gas lifting target is set at 1.25 million BOEPD, up from last year's 1.13 million BOEPD.

"So that oil and gas lifting in 2019 is 2.02 million BOEPD, from the 2018 realization of 1.92 million BOEPD," he said at a hearing at the House of Representatives Commission VII (DPR).

2D & 3D Seismic

To achieve this target, his party has compiled a work program that will be carried out in the exploration block and in the exploitation block. According to him, the exploration block is planned to carry out 4,328 kilometers (km) of 2D seismic, 3D seismic area of ​​4,693 square kilometers (km2), and 57 wells of exploration well drilling.

While in the exploitation block, exploration activities will be carried out in the form of 3,814 km of 2D seismic, 3D seismic area of ​​1,747 km2, and drilling of wildcat wells or delineation of 40 wells.

"Then there will be workover of 969 wells, 29,256 well service activities, and drilling wells for the development of 345 wells," he explained.

In addition, SKK Migas also plans to have 13 oil and gas projects that will be operational this year. In the first quarter, there were two projects planned to start on stream, the Betara Complex Project with the production of 12 million cubic feet per day (million standard cubic feet per day / MMSCFD) by Petrochina International Jabung Ltd. and Terang Sirasun Batur Phase 2 of 200 MMSCFD by Kangean Energy Indonesia Ltd.

Furthermore, in the second quarter, the project which began operations was Ario Damar-Sriwijaya Phase 2 with production of 20 MMSCFD by PT Tropik Energi Pandan, Temalat gas flow to South Kembang Mountain 10 MMSCFD by PT Medco E & P Indonesia, and Bukit Tua Phase-3 31.5 mmscfd by Petronas Carigali Ketapang II Ltd.

Petronas Carigali Ketapang II Ltd.

In the third quarter, there were eight projects that would start flowing oil and gas. In particular, Kedung Keris Full Well Stream Project with production of 3,800 BPH by Exxon Mobil Cepu Ltd, Buntal-5 45 mmscfd by Medco E & P Natuna Ltd, Bison-Iguana-Gajah Putri 163 MMSCFD by Premiere Oil Natuna Sea BY and Suban Compression 780 MMSCFD by ConocoPhilips (Grissik) Ltd.

ConocoPhilips (Grissik) Ltd.

Next, the project operating in the last quarter of this year was the installation of 15 MMSCFD Betung Compressors by PT Pertamina EP Bayan Gas Production Facilities which produced 15 MMSCFD gas and 250 BPH oil by Manhattan Kalimantan Investment Pte Ltd, YY with production. oil 4,605 ​​BPH and 25.5 MMSCFD by PT Pertamina Hulu Energi Offshore North West Java (ONWJ), as well as Calling 20 MMSCFD by Santos (Madura Offshore) Pty Ltd.

PT Pertamina Hulu Energi Offshore North West Java (ONWJ)

"So the total production estimate is 240 thousand BOEPD, which is 1,300 MMSCFD gas and 8,600 BPH oil. "The estimated total investment value is US $ 702 million," Dwi said.

To achieve this year's lifting target, SKK Migas recorded five of the biggest oil producers, namely Exxon Mobil Cepu Limited 216 thousand BPH, PT Chevron Pacific Indonesia 190 thousand BPD, PT Pertamina EP 85 thousand BPD, PT Pertamina Hulu Mahakam 50 thousand BPH, and PT Pertamina Hulu Energi OSES 32 thousand BPH.

Furthermore, the five largest gas producers are PT Pertamina Hulu Mahakam 196 thousand BOEPD, BP Berau Ltd 188 thousand BOEPD, ConocoPhilips (Grissik) Ltd 145 thousand BOEPD, PT Pertamina EP 145 thousand BOEPD, and Eni Muara Bakau 115 thousand BOEPD.

Press Cost Recovery

"Meanwhile, Dwi added, this year's upstream oil and gas investment is targeted at the US $ 14.79 billion, up from last year's US $ 11.99 billion. Next, the target of state revenue from the upstream oil and gas sector is set at the US $ 17.51 ​​billion, not unlike the realization of 2018 of US $ 17.5 billion.

For cost recovery, this year it is targeted to reach the US $ 10.22 billion. This figure is lower than last year's realization of US $ 11.7 billion. According to Dwi, his party is indeed trying to control this cost recovery amount. According to Dwi, one of the ways to reduce cost recovery is the synergy between the contractors (KKKS).

Investor Daily, Page-9, Friday, Jan 11, 2019

Pumping Oil and Gas Lifting in 2019

The Special Task Force for Upstream Oil and Gas (SKK Migas) targets to be able to hoist oil and gas (oil and gas) lifting this year by 2.04 million barrels of oil equivalent per day (boepd). The projection is 7.37% higher than last year's oil and gas lifting which amounted to 1.9 million boepd. 

     Lifting of petroleum will be pumped at 784,520 barrels per day. The target is higher than the realization of oil lifting last year which reached 777,330 barrels of oil per day (bopd). The projection is also higher than the 2018 State Budget target of 775,000 bopd.

As for the estimation of 2019 natural gas lifting, SKK Migas targets to reach 1.26 million boepd or increase from last year's 1.13 boepd gas lifting. The projected figure is also greater than the 2018 State Budget target of 1.25 million boepd.

Head of SKK Migas, Dwi Soetjipto, said that according to the Work Program and Budget (WP&B) this year, oil lifting is targeted to reach 784,520 bopd. The increase in oil lifting this year is projected to be driven by the lifting of Mobil Cepu Ltd in the Cepu Block.

the Cepu Block.

"In 2019, there is an expected shift from Mobil Cepu, which rose 216,000 bopd," he said at the RDP Meeting with Commission VII of the Rakat House of Representatives (DPR). Last year, the Cepu Block only produced 208,730 bopd of petroleum .

When the production of the Cepu Block is projected to start increasing, at the same time Block Rokan's contribution this year is predicted to decline to 190,000 bopd from last year's realization of 209,470 bopd.

For total gas lifting, Dwi said there would be a target increase from the previous 1.13 million boepd to 1.26 million boepd. The projection will be supported by BP Berau in Berau Block (Tangguh) of 188,000 boepd.

BP Berau's gas lifting target fell slightly from the realization in 2018 of 192,000 boepd. In addition, there is also the contribution of gas lifting from the Mahakam Block which is targeted to increase to 196,000 boepd from last year's realization of 149,000 boepd.

the Mahakam Block

"That way, this year's total oil and gas lifting can reach 2,045 boepd," Dwi said.

As for oil and gas investment this year, SKK Migas targets US $ 14.79 billion, an increase of 23% from last year's realization of US $ 11.99 billion.

"We hope that the growth target can be achieved," Dwi said.

2D  adn 3D Seismic Survey

The investment fund will be used for exploration activities in the form of 2D seismic 2D area of ​​4,328 kilometers (km), 3D seismic surveys covering 4,693 km2, as well as 57 wells of exploration drilling.

IN INDONESIAN

Memompa Lifting Migas di Tahun 2019

Satuan Kerja Khusus Hulu Minyak dan Gas Bumi (SKK Migas) menargetkan bisa mengerek lifting minyak dan gas bumi (migas) pada tahun ini sebesar 2,04 juta barrel oil equivalent per day (boepd). Proyeksi tersebut 7,37% lebih tinggi dari realisasi lifting migas tahun lalu yang sebesar 1,9 juta boepd. Lifting minyak bumi akan dipompa sebesar 784.520 barel per hari. 

     Target tersebut lebih tinggi daripada realisasi lifting minyak bumi pada tahun lalu yang mencapai 777.330 barrel oil per day (bopd). Proyeksi itu juga lebih tinggi dari target APBN 2018 sebesar 775.000 bopd.

Adapun estimasi lifting gas bumi 2019, SKK Migas menargetkan bisa mencapai angka 1,26 juta boepd atau meningkat dari realisasi lifting gas tahun lalu yang mencapai 1,13 boepd. Angka proyeksi itu juga lebih besar dari target APBN 2018 yang mencapai 1,25 juta boepd.

Kepala SKK Migas, Dwi Soetjipto mengatakan, sesuai Work Program and Budget (WP&B) pada tahun ini, lifting minyak ditargetkan mencapai 784.520 bopd. Peningkatan lifting minyak tahun ini diproyeksikan terdorong oleh lifting Mobil Cepu Ltd di Blok Cepu. 

"Tahun 2019, ada pergeseran yang diharapkan dari Mobil Cepu, di mana naik 216.000 bopd," ujar dia dalam Rapat Dengan Pendapat (RDP) dengan komisi VII Dewan Perwakilan Rakat (DPR), Tahun lalu, Blok Cepu hanya menghasilkan minyak bumi sebesar 208.730 bopd.

Ketika produksi Blok Cepu diproyeksikan mulai meningkat, di saat yang sama kontribusi Blok Rokan pada tahun ini malah diprediksikan menurun menjadi 190.000 bopd dari realisasi tahun lalu sebesar 209.470 bopd.

Untuk lifting gas secara total, Dwi bilang akan ada kenaikan target dari sebelumnya 1,13 juta boepd menjadi 1,26 juta boepd. Proyeksi tersebut akan ditopang BP Berau di Blok Berau (Tangguh) sebesar 188.000 boepd.

Target lifting gas BP Berau ini turun sedikit dari realisasi tahun 2018 sebesar 192.000 boepd. Selain itu, ada pula kontribusi lifting gas dari Blok Mahakam yang ditargetkan meningkat menjadi 196.000 boepd dari realisasi tahun lalu sebesar 149.000 boepd. 

"Dengan begitu, total lifting migas tahun ini bisa mencapai 2,045 boepd," ungkap Dwi.

Sedangkan untuk investasi migas tahun ini, SKK Migas menargetkan sebesar US$ 14,79 miliar, atau meningkat 23% dari realisasi sepanjang tahun lalu sebesar US$ 11,99 miliar. 

"Kami berharap target pertumbuhan tersebut bisa tercapai," tutur Dwi.

Dana investasi tersebut akan digunakan untuk kegiatan eksplorasi berupa suryei seismik 2D seluas 4.328 kilometer (km), survei seismik 3D seluas 4.693 km2, serta pengeboran eksplorasi sebanyak 57 sumur.

Kontan, Page-14, Friday, Jan 11, 2019

BP Will Boost Tangguh Block Drilling Efficiency

BP Berau Ltd signed the managed consignment (VMC) vendor agreement with PT Seamless Pipe Indonesia Jaya (SPIJ). The cooperation is in the form of procurement of high-grade country tubular goods (OCTG) and other equipment and additional services that will be used to support the drilling activities of the Tangguh Papua Block.

the Tangguh Papua Block

The OCTG includes a sheath pipe and production pipes used in oil and gas production. Head of the Special Task Force for Upstream Oil and Gas (SKK Migas), Dwi Soetjipto assessed that VMC can reduce total ownership costs including the cost of protection, maintenance, storage and inventory carrying costs, so as to produce more cost-efficient operations .

"This agreement can not only produce an efficient operation, but also exceed the minimum 15% rate of domestic content with 26.24%," Dwi said.

In addition, this agreement requires that Seamless Pipe reuse the threading protector GCTG and reduce plastic waste.

IN INDONESIAN

BP Berau Genjot Efisiensi Pengeboran Blok Tangguh

BP Berau Ltd meneken perjanjian vendor managed consignment (VMC) dengan PT Seamless Pipe Indonesia Jaya (SPIJ). Kerjasama itu berupa pengadaan high-grade oil country tubular goods (OCTG) serta perlengkapan dan tambahan jasa lain yang akan digunakan untuk mendukung aktivitas pengeboran Blok Tangguh Papua.

Adapun OCTG meliputi pipa selubung dan pipa produksi yang digunakan dalam produksi minyak dan gas. Kepala Satuan Kerja Khusus Hulu Minyak dan Gas Bumi (SKK Migas), Dwi Soetjipto menilai, VMC dapat mengurangi total biaya kepemilikan termasuk biaya perlindungan, perawatan, penyimpanan serta beban biaya persediaan (inventory carrying cost), sehingga dapat menghasilkan operasi dengan biaya yang lebih efisien.

“Perjanjian ini bukan hanya dapat menghasilkan sebuah operasi yang efisien, namun juga melewati angka minimum 15% persyaratan tingkat kandungan dalam negeri dengan angka 26,24%," kata Dwi. 

Selain itu, perjanjian ini mewajibkan Seamless Pipe menggunakan ulang threading protector GCTG dan mengurangi sampah plastik.

Kontan, Page-14, Thursday, Jan 10, 2019

ExxonMobil, Conoco, & BP Reach the Target

Only three oil and gas cooperation contract contractors were able to achieve the production target of oil and gas sales ready for 2018 and the six largest contractors in the country. 

    The three cooperation contract contractors (KKKS) are ExxonMobil Cepu Ltd. (operators of Banyu Urip Field, Cepu Block), PT Conoco Phillips Indonesia (Block Corridor in South Sumatra), and PT BP Berau (operator of the Tangguh LNG Plant in West Papua).

the Tangguh LNG Plant in West Papua

Meanwhile, PT Chevron Pacific Indonesia, as the largest oil producer at present, records oil lifting in the Rokan Block at 209,000 barrels per day (bpd) or 98% of the 2018 State Budget target. ExxonMobil Cepu Ltd. realized oil lifting of 209,000 bpd or 102% of the target. PT Pertamina EP is 79,900 bpd or 93% of the target.

In terms of natural gas producers, BP Berau, which is the operator of the Tangguh Block, recorded a lifting of 1,076 million cubic feet per day (MMscfd) or 108% of the target. ConocoPhillips Grissik Ltd. recorded production of 840 MMscfd or 104% of the target. 

 BP Berau

    Excellent performance was not followed by PT Pertamina Hulu Mahakam who was the operator of the Mahakam Block. The subsidiary of PT Pertamina (Persero) only realized gas lifting in 2018 amounting to 832 MMscfd or 75% of the 2018 State Budget target.

ConocoPhillips Grissik Ltd.

SKK Migas Head Dwi Soetjipto said that Chevron's performance in Block Rokan this year fell 10% compared to 2017 realization.

ExxonMobil Cepu Ltd.

"[Lifting oil] ExxonMobil Cepu Ltd. up compared to 2017 performance of 203,000 bpd. For Pertamina EP, the oil lifting is indeed "compared to 2017, but it did not reach the 2018 State Budget target," he said last weekend.

the Mahakam Block

Dwi explained, the realization of the Mahakam Block gas lifting was far below the 2018 State Budget target because it was still in the transition period of the management of the former Total Work Area. Only in 2019, is investment not in 2018? This year, they plan to invest a lot [PT Pertamina Hulu Mahakam]. "

Realization of oil lifting in 2018 amounted to 778,000 bpd or 97.25% of the 2018 state budget target of 800,000 bpd. Meanwhile, the oil lifting target in 2019 fell to 775,000 bpd. The realization of oil and gas lifting throughout 2018 amounted to 1.92 million barrels of oil equivalent per day / boepd or 96% of the 2018 state budget target of 2.00 million boepd.

The gas lifting target in 2019 is 1.25 million boepd. Throughout 2018, the realization of Pertamina Hulu Mahakam's oil and gas lifting reached 64 million barrels of oil equivalent with a projected yield of around Rp 22 trillion.

IN INDONESIAN

ExxonMobil, Conoco, & BP Mencapai Target

Hanya tiga kontraktor kontrak kerja sama minyak dan gas bumi yang mampu mencapai target produksi siap jual (lifting) minyak dan gas bumi sepanjang 2018 dan enam kontraktor terbesar di Tanah Air. Ketiga kontraktor kontrak kerja sama (KKKS) itu adalah ExxonMobil Cepu Ltd. (operator Lapangan Banyu Urip, Blok Cepu), PT Conoco Phillips Indonesia (Blok Corridor di Sumatra Selatan), dan PT BP Berau (operator Kilang LNG Tangguh di Papua Barat).

Sementara itu, PT Chevron Pacific Indonesia, sebagai produsen minyak terbesar saat ini, mencatatkan lifting minyak bumi di Blok Rokan sebesar 209.000 barel per hari (bph) atau 98% dari target APBN 2018. ExxonMobil Cepu Ltd. merealisasikan lifting minyak 209.000 bph atau 102% dari target. PT Pertamina EP sebesar 79.900 bph atau 93% dari target.

Dari sisi produsen gas alam, BP Berau yang menjadi operator Blok Tangguh mencatatkan lifting 1.076 juta kaki kubik per hari (MMscfd) atau 108% dari target. ConocoPhillips Grissik Ltd. mencatatkan produksi 840 MMscfd atau 104% dari target. Kinerja sangat baik tidak diikuti oleh PT Pertamina Hulu Mahakam yang menjadi operator Blok Mahakam. Anak usaha PT Pertamina (Persero) tersebut hanya merealisasikan lifting gas pada 2018 sebesar 832 MMscfd atau 75% dari target APBN 2018.

Kepala SKK Migas Dwi Soetjipto mengatakan bahwa kinerja Chevron di Blok Rokan pada tahun ini turun 10% dibandingkan dengan realisasi 2017.

“[Lifting minyak] ExxonMobil Cepu Ltd. naik dibandingkan dengan kinerja 2017 sebesar 203.000 bph. Kalau Pertamina EP, lifting minyaknya memang naik dibandingkan dengan 2017, tetapi memang tidak mencapai target APBN 2018,” tuturnya akhir pekan lalu.

Dwi menjelaskan, realisasi lifting gas Blok Mahakam jauh di bawah target APBN 2018 karena masih dalam masa transisi pengelolaan Wilayah kerja eks Total tersebut. Hanya di tahun 2019, apakah pada 2018 investasi tidak? Tahun ini rencananya investasi mereka [PT Pertamina Hulu Mahakam] banyak.”

Realisasi lifting minyak pada 2018 sebesar 778.000 bph atau 97,25% dari target APBN 2018 sebesar 800.000 bph. Sementara itu, target lifting minyak pada 2019 turun menjadi 775.000 bph. Realisasi lifting minyak dan gas bumi sepanjang 2018 sebesar 1,92 juta barel setara minyak per hari /boepd atau 96% dari target APBN 2018 sebesar 2,00 juta boepd. 

Target lifting gas pada 2019 sebesar 1,25 juta boepd. Sepanjang 2018, realisasi lifting migas Pertamina Hulu Mahakam mencapai 64 juta barrel setara minyak dengan proyeksi imbal hasil untuk negara sekitar Rp 22 triliun.

Bisnis Indonesia, Page-24, Wednesday, Jan 9, 2019

Upstream Oil and Gas Investment is Targeted at US $ 14.79 M

The government targets national upstream oil and gas investment of US $ 14.79 billion this year, up 24.28 percent from last year's realization of US $ 11.9 billion. Increased investment is driven by the presence of several large oil and gas projects that are now under construction.

Dwi Soetjipto

Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soetjipto said, this year, the national oil and gas lifting target is set at 2.25 million barrels of oil equivalent per day. In particular, oil production is targeted at 775 thousand barrels per day (bpd) and gas 1.25 million barrels of oil equivalent per day. To realize this target, the company set a target for oil and gas investment this year of US $ 14.79 billion.

"The investment plan for 2019 is US $ 14.79 billion, from the 2018 realization of US $ 11.9 billion," he said.

Dwi added, one of the strategies was carried out so that oil and gas lifting was in accordance with the target by ensuring that the investment went according to plan. Primarily, it will encourage investment in oil and gas projects that are still under development.

"So the steps are how to increase monitoring and control of these projects," he said.

The same thing was also expressed by the Director General of Oil and Gas of the Ministry of Energy and Mineral Resources (ESDM) Djoko Siswanto. It is also optimistic that this year's oil and gas investment will improve, considering there are several large oil and gas projects that are still under construction.

Eni Indonesia

"Optimistic because this year Eni Indonesia has set Merakes (investment) of US $ 1.3 billion, Train-3 Tangguh is still on the road, and JTB (Jambaran Tiung Biru) is US $ 1.6 billion. Of those three, it has been large (investment), "he explained.

This year, Eni Indonesia began working on the development of the Merakes Field, Sepinggan East Block. The project with a total investment of US $ 1.3 billion is targeted to be completed by 2021. 

PT Pertamina EP Cepu

    Furthermore, since the end of last year, PT Pertamina EP Cepu began working on the JTB Project worth US $ 1.55 billion with a target of completion in 2021. 

BP Indonesia

    Then, BP Indonesia is now is working on Train-3 of Tangguh's US $ 8 billion liquefied natural gas (LNG) refinery. The project, which was carried out by a company from England since 2016, is targeted to be completed by 2020

Not only from the new project, Dwi said, efforts to achieve the lifting target will also be sought from enhanced oil recovery / EOR.

"We will ensure the preparation of EOR projects. Then it can work better with KKKS (cooperation contract contractors / KKKS) to help them increase their lifting, "he said.

Referring to data from the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), by 2030, oil production is projected to only amount to 281 thousand bpd. However, if EOR is successfully implemented, oil production can be increased to 520 thousand bpd by 2030. In SKK Migas data, additional production from activities, EOR is projected to enter in 2025.

Not Reaching Target

In 2018, the realization of national oil and gas lifting is still below the target of 2 million barrels of oil equivalent per day, which is 1.91 million barrels of oil equivalent per day. In detail. the realization of oil lifting is 778 thousand bpd from the target of 800 thousand bpd. While the realization of gas lifting is 1.13 million barrels of oil equivalent per day from the target of 1.2 million barrels of oil equivalent per day.

Compared to 2017 realization, last year's oil and gas lifting was lower. In 2017, the realization of oil and gas lifting reached 1.94 million barrels of oil equivalent per day. However, last year's realization of upstream oil and gas investment was US $ 11.9 billion, higher and 2017 which was US $ 9.33 billion.

According to Djoko, the increase in investment does not mean an increase in oil and gas lifting because the oil and gas project is long-term.

"Even though lifting is down, a big investment is due to issuing costs now," he said.

In addition, investment is needed to keep national oil and gas production from being cut significantly. Because, without investment and activities, the rate of decline in oil and gas production can reach more than 11%.

"In order not to become a decline, development is used. The existing [oil and gas block] also develops so that it does not go down [production] by 11%, "he explained.

Exxon Mobil Cepu Limited for the Cepu

Dwi explained, the three biggest oil producers in 2018 were PT Chevron Pacific Indonesia for the Rokan Block 213 thousand bpd, Exxon Mobil Cepu Limited for the Cepu Block 209,314 bpd, and Pertamina EP 79,910 bpd.

PT Chevron Pacific Indonesia

IN INDONESIAN

Investasi Hulu Migas Ditargetkan US$ 14,79 M

Pemerintah menargetkan investasi hulu migas nasional sebesar US$ 14,79 miliar pada tahun ini, naik 24,28% dari realisasi tahun lalu sebesar US$ 11,9 miliar. Peningkatan investasi didorong adanya beberapa proyek migas besar yang kini dalam pengerjaan.

Kepala Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Dwi Soetjipto menuturkan, pada tahun ini, target lifting migas nasional ditetapkan sebesar 2,25 juta barel setara minyak per hari. Rincinya, produksi minyak ditargetkan sebesar 775 ribu barel per hari (bph) dan gas 1,25 juta barel setara minyak per hari. Untuk merealisasikan target tersebut, pihaknya menetapkan target investasi migas tahun ini US$ 14,79 miliar. 

“Rencana investasi tahun 2019 adalah US$ 14,79 miliar, dari realisasi 2018 sebesar US$ 11,9 miliar,” katanya.

Dwi menambahkan, salah satu strategi yang dilakukan agar lifting migas sesuai target yakni dengan memastikan investasi berjalan sesuai rencana. Utamanya, pihaknya akan mendorong investasi pada proyek-proyek migas yang masih dalam tahap pengembangan. 

“Jadi langkahnya bagaimana tingkatkan monitoring dan control proyek-proyek ini,” ujarnya.

Hal senada juga diungkapkan oleh Direktur Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral (ESDM) Djoko Siswanto. Pihaknya pihaknya juga optimistis investasi migas tahun ini akan membaik, mengingat ada beberapa proyek migas besar yang masih dalam pengerjaan.

“Optimis karena tahun ini Eni Indonesia sudah tetapkan Merakes (investasi) US$ 1,3 miliar, Train-3 Tangguh masih jalan, dan JTB (Jambaran Tiung Biru) US$ 1,6 miliar. Dari tiga itu saja, sudah besar (investasi),”jelas dia. 

Pada tahun ini, Eni Indonesia mulai mengerjakan pengembangan Lapangan Merakes, Blok East Sepinggan. Proyek dengan nilai investasi total US$ 1,3 miliar ini ditargetkan rampung pada 2021. Selanjutnya, sejak akhir tahun lalu, PT Pertamina EP Cepu mulai menggarap Proyek JTB senilai US$ 1,55 miliar dengan target penyelesaian pada 2021. 

    Kemudian, BP Indonesia kini sedang mengerjakan Train-3 kilang gas alam cair (liquefied natural gas/LNG) Tangguh senilai US$ 8 miliar. Proyek yang dikerjakan perusahaan dari Inggris sejak 2016 lalu itu ditargetkan rampung pada 2020

Tidak hanya dari proyek baru, Dwi menuturkan, upaya pencapaian target lifting juga akan diupayakan dari kegiatan pengurasan minyak tahap lanjut (enhanced oil recovery/EOR). 

“Kami akan memastikan persiapan proyek-proyek EOR. Kemudian bisa kerja sama lebih bagus dengan KKKS (kontraktor kontrak kerja sama/KKKS) untuk membantu mereka tingkatkan lifting,” kata dia.

Mengacu data Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas), pada 2030, produksi minyak diproyeksikan hanya akan sebesar 281 ribu bph. Namun, jika EOR berhasil dilaksanakan, produksi minyak dapat ditingkatkan menjadi 520 ribu bph pada 2030. Dalam data SKK Migas, tambahan produksi dari kegiatan, EOR diproyeksikan akan masuk pada 2025.

Tidak Mencapai Target

Pada 2018, realisasi lifting migas nasional tercatat masih di bawah target 2 juta barel setara minyak per hari, yakni sebesar 1,91 juta barel setara minyak per hari. Rincinya. realisasi lifting minyak sebesar 778 ribu bph dari target 800 ribu bph. Sementara realisasi lifting gas sebesar 1,13 juta barel setara minyak per hari dari target 1,2 juta barel setara minyak per hari.

Jika dibandingkan realisasi 2017, lifting migas tahun lalu tercatat lebih rendah. Pada 2017, realisasi lifting migas mencapai 1,94 juta barel setara minyak per hari. Meski demikian, realisasi investasi hulu migas tahun lalu sebesar US$ 11,9 miliar, justru lebih tinggi dan 2017 yang sebesar US$ 9,33 miliar.

Menurut Djoko, kenaikan investasi bukan berarti peningkatan lifting migas karena proyek migas bersifat jangka panjang.

“Meskipun lifting turun, investasi besar karena mengeluarkan biayanya sekarang,” ujarnya.

Selain itu, investasi diperlukan untuk menjaga produksi migas nasional tidak terpotong secara signifikan. Pasalnya, tanpa ada investasi dan kegiatan, maka laju penurunan produksi migas bisa mencapai lebih dari 11%. 

“Supaya tidak jadi penurunan inilah yang dipakai development. [Blok migas] eksisting itu juga melakukan development agar tidak turun [produksinya] 11%,” jelas dia.

Dwi memaparkan, tiga produsen minyak terbesar di 2018 yakni PT Chevron Pacific Indonesia untuk Blok Rokan 213 ribu bph, Exxon Mobil Cepu Limited untuk Blok Cepu 209.314 bph, dan Pertamina EP 79.910 bph.

Investor Daily, Page-9, Saturday, Jan 5, 2019

Medco is Ready to Acquire Ophir Energy

Medco Energi Global Pte Ltd (MEG), a subsidiary of PT Medco Energi Internasional Tbk (MEDC), is exploring the acquisition of Ophir Energy Ltd's shares engaged in upstream oil and gas exploration and production. The acquisition will make seven private companies with the largest oil and gas production in ASEAN defeat Hess and BP.

BP Oil adn Gas

Medco Energy International Director Anthony R. Mathias said his party was still discussing Ophir Energy's offer to buy in cash all shares that had been and will be issued.

Ophir Energy's

"There has been no value submitted, the amount of funds provided, the amount of securities to be purchased, and the relationship between the parties that will transact, and not yet known," he said.

The corporate action was carried out for the development of the MEG business. If the acquisition is successful, Medco's oil and gas production will increase to 110 thousand boepd (barrel of oil equivalent per day). Medco's oil and gas production in 2018 is around 85 thousand boepd, while the oil and gas production of listed companies listed on the London stock exchange reaches 25 thousand boepd.

Ophir has upstream oil and gas assets in Thailand, Vietnam, Indonesia, Malaysia, and in the equator of Guinea and Tanzania. In addition, Ophir has exploration areas in Mexico and Bangladesh.

"For Medco, successful acquisitions will substantially strengthen the company's footprint in the region and diversify its experienced portfolio in Indonesia," added Wood Mackenzie Angus Rodger, Research Director.

The move will also increase oil and gas development in Tanzania and Guinea. In Indonesia, Ophir has 67.5 per cent of management rights in PSC Madura, 45 per cent of management rights in the Sampang PSC, and three PSCs in Bangkanai, Central Kalimantan, which have been producing. In addition, Ophir has two deep-sea exploration licenses in the West Papua Block IV and the Aru Block.

IN INDONESIAN

Medco Siap Akuisisi Ophir Energy

Medco Energi Global Pte Ltd (MEG), anak usaha PT Medco Energi Internasional Tbk (MEDC), sedang menjajaki akuisisi saham Ophir Energy Ltd yang bergerak di bidang eksplorasi dan produksi hulu migas. Akuisisi tersebut akan membuat tujuh perusahaan swasta dengan produksi migas terbesar di ASEAN mengalahkan Hess dan BP.

Direktur Medco Energi Internasional Anthony R. Mathias mengatakan, pihaknya masih membahas tawaran Ophir Energy untuk membeli secara tunai seluruh saham yang telah dan akan dikeluarkan.

"Belum ada nilai yang diajukan, jumlah dana yang disediakan, jumlah efek yang akan dibeli, dan belum diketahui hubungan pihak-pihak yang akan bertransaksi," ujarnya.

Aksi korporasi itu dilakukan untuk pengembangan usaha MEG. Jika akuisisi tersebut sukses, produksi migas Medco akan meningkat menjadi 110 ribu boepd (barel oil equivalen per day). Produksi migas Medco pada 2018 sekitar 85 ribu boepd, sedangkan produksi migas emiten yang terlisting di bursa saham London tersebut mencapai 25 ribu boepd.

Ophir memiliki aset hulu migas di Thailand, Vietnam, Indonesia, Malaysia, serta di ekuator Guinea dan Tanzania. Selain itu, Ophir memiliki wilayah eksplorasi di Meksiko dan Bangladesh. 

”Bagi Medco, akuisisi yang berhasil akan secara substansial memantapkan jejak perusahaan di kawasan dan mendiversifikasikan portofolio yang berpengalaman di Indonesia," imbuh Direktur Penelitian Wood Mackenzie Angus Rodger. 

Langkah tersebut juga akan menambah pengembangan migas di Tanzania dan Guinea. Di Indonesia, Ophir memiliki 67,5 persen hak kelola di PSC Madura, 45 persen hak kelola di PSC Sampang, dan tiga PSC di Bangkanai, Kalimantan Tengah, yang telah berproduksi. Selain itu, Ophir memiliki dua lisensi eksplorasi laut dalam di Blok Papua Barat IV dan Blok Aru.

Jawa pos, Page-5, Thursday, Jan 3, 2019