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Showing posts with label Chevron. Show all posts
Showing posts with label Chevron. Show all posts

Thursday, April 15, 2021

The Jumbo Oil and Gas Project Is Still Ongoing

 


    The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) ensures that several upstream oil and gas projects are still continuing. This is to support the achievement of oil production targets of 1 million barrels per day and natural gas 12 billion standard cubic feet per day by 2030.

the Merakes project 

    Deputy for Operations of SKK Migas, Julius Wiratno, said that major projects in the upstream oil and gas sector are still in the construction stage, some of which are expected to be completed by the end of 2021. One of them is the Merakes project which is being worked on by Eni East Sepinggan.


"We hope this project can be on stream in April with gas production of 380-400 mmscfd," he said.

the Jambaran Tiung Biru (JTB)

    There is also the Jambaran Tiung Biru (JTB) project that is being supported by SKK Migas and the government so that it can be on stream in November this year. In the future, the project managed by PT Pertamina EP Cepu (PEPC) will produce 350 mmscfd of gas.



    SKK Migas is also working on the Tangguh Train-3 project that BP Berau Ltd is working on to be on stream immediately at the end of this year or early next year.

Blogger Agus Purnomo in SKK Migas

    The project is indeed constrained from an operational perspective due to restrictions on social activities in the context of tackling the Covid-19 pandemic.

the Masela Block

"Other major projects such as Indonesia Deepwater Development (IDD) and the Masela Block are in the process of business-to-business discussions between contractors and their partners," said Julius.

Indonesia Deepwater Development (IDD) Chevron

    The IDD project is facing obstacles because its main investor, Chevron Pacific Indonesia, is reportedly leaving, even though this project should be targeted to be on stream in 2025.

Kontan, Page-10, Saturday, Feb 20, 2021

Wednesday, April 14, 2021

Pertagas Ensures Smooth Rokan Pipe Project

 


    In the framework of the National Occupational Safety and Health (K3) month of 2021, PT Pertamina Gas (Pertagas) ensures that all aspects of work safety run smoothly in the Rokan Work Area Oil Pipe Replacement Project in Riau. 

    In carrying out this Management Walk Through (MWT), the Technical and Operation Director of PT Pertamina Gas (Pertagas) Rosa Permata Sari visited several project locations including Dumai Metering Station, Batang Station, Duri Stockyard, and Duri Station. Rosa listened to input from project workers and advised all workers to always prioritize safety aspects.

"The important points are Obey, Intervene and Care. These three things must be the values ​​that workers carry out in every role," said Rosa in Dumai, Riau.

    Even though it took place during the Covid 19 pandemic, the Rokan oil pipeline replacement project has successfully passed 783,648 safe working hours. It is hoped that this condition can continue to be maintained until the project is completed by the end of 2021. 

    Rosa stated, this is in line with the commitment of Pertagas as an affiliate company of PT PGN Tbk's gas sub-holding so that in every project implemented, it must be able to prevent incidents by mitigating hazards in the work environment.

    The Rokan oil pipeline replacement project is a national strategic project to maintain the resilience of energy production after the transfer of management of the Rokan block from PT Chevron Pacific Indonesia (CPI) to Pertamina. 

    It is hoped that the resilience of oil production in the Rokan Block can maintain and improve the performance of national oil lifting as primary energy in an effort to advance the national economy.

Investor Daily, Page-10, Wednesday, Feb 18, 2021

Pertamina-Chevron Intensively Discuss the Rokan Block

 


    PT Pertamina (Persero) continues to strengthen its business strategy by preparing for the transfer of management of the Rokan Block which will start operating PT Pertamina Hulu Rokan (PHR) on August 9, 2021. Pertamina continues to coordinate intensively with PT Chevron Pacific Indonesia (CPI) to discuss the Rokan Block.

"We coordinate intensively with the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) and CPI, especially regarding the transition to nine main areas in order to ensure the continuity of all operations and routine activities after the Rokan Block is operated by PHR," said PHR's Managing Director. RP Yudantoro.

Blogger Agus Purnomo In SKK Migas

    Yudantoro said that the nine main areas of the Rokan Block transition include drilling workover, electricity and steam supply, contracts and SCM, IT and Petrotechnics, data transfer, human capital, SOPs and permits, chemical EOR and the environment, and abandonment and site restoration (ASR). 

the Rokan Block by Chevron

    Yudantoro said Pertamina's upstream sub-holding through PHR had also prepared a long-term program to maintain production and curb the rate of decline in oil. According to him, the Rokan Block is a block that naturally has experienced a decline in production from year to year condition, Yudantoro continued, efforts to contain the rate of decline and increase production are the most crucial things in the Rokan Block. At least, there will be 44 development wells that will be drilled in 2021 after the Rokan Block is transferred to Pertamina.



    Pertamina Hulu Energi (PHE) Corporate Secretary Whisnu Bahriansyah said the readiness to transfer the management of the Rokan Block was not only carried out in the operational aspect but also fostering good relations with stakeholders. The Rokan Block is a production contributor block as much as 24 percent of national production. 

    Currently, the PT Chevron Pacific Indonesia (CPI) operates with an average production of around 165 thousand barrels per day. The Rokan Block has five large fields, namely Duri, Minas, Bangko, Balam South, and Petapahan which are scattered in five districts in Riau Province.

PT Perusahaan Listrik Negara

    The development of the Rokan Block involves a number of State-Owned Enterprises (BUMN). Apart from Pertamina, PT Perusahaan Listrik Negara (Persero) will meet the demand for electricity and steam in the Rokan Block working area. PLN has signed a power and steam power purchase agreement (SPJBTLU) with PHR.

    PLN will optimize the three-year transition period by constructing the Sumatra system interconnection to replace the transitional supply and increase the supply capacity to PHR. In 2024, it is estimated that the Sumatra system's power reserve will be 3,811 megawatts (MW) or 46.1 percent, so it is certain that it is ready to meet the electricity needs of the Rokan Block.

Investor Daily, Page-10, Tuesday, Feb 17, 2021

Pertamina Prepares 9 Main Areas for Transfer of Management of the Rokan Block

 


    PT Pertamina (Persero) continues to strengthen its business strategy by preparing for the transfer of management of the Rokan Block, which Pertamina will start operating through its subsidiary PT Pertamina Hulu Rokan (PHR) on August 9, 2021. For the transition, 9 main areas were prepared to ensure the continuity of all operational activities and routine activities after the block was operated by PHR.


"We coordinate intensively with SKK Migas and PT Chevron Pacific Indonesia (CPI), especially for the transition to 9 main areas in order to ensure the continuity of all operational activities and routine activities after the block is operated by PHR," said the President Director of PT Pertamina Hulu Rokan (PHR). RP Yudantoro.


    The nine main areas of the Rokan transition include Drilling Work Over, Electricity and Steam Supply, Contracts and SCM, IT and Petrotechnical, Data Transfer, Human Capital, SOP and Licensing, Chemical EOR, and Environment and ASR (Abandonment and Site Restoration). 

    Sub holding Upstream Pertamina through PHR has also prepared a long-term program to maintain production and curb the rate of decline in oil. The Rokan Block is a block that has experienced a natural decline in production from year to year. For this reason, efforts to contain the rate of decline and increase production are the most crucial things.

    There will be at least 44 development wells that will be drilled in 2021 after the block is transferred to Pertamina. And another 40 additional development wells are planned, according to discussions with SKK Migas

Blogger Agus Purnomo in SKK Migas

    Yudantoro explained that apart from drilling development wells, in the long term other programs have also been prepared in the form of Infill Drilling, exploration well drilling, workover/well intervention, optimization of waterflood and steam flood programs, CEOR, and other programs to increase reserves.

"In accordance with the period of the production sharing contract with the Government, the Rokan Block will be operated until 2041 by PHR. At that time, we had to ensure that the Rokan Block would continue to contribute optimally to national production through the various programs we implemented, "said Yudantoro.

    Whisnu Bahriansyah, Corporate Secretary of Pertamina Hulu Energi (PHE), added that readiness for management transfer is not only carried out in the operational aspect but also in fostering good relations with stakeholders.

"Subholding Upstream Pertamina through PHR also prepares community programs, so that after the transfer of management it is not only the operational side that will run sustainably but also on the social, community and environmental side," concluded Whisnu.

    The Rokan Block is a production contributor block as much as 24% of national production. Currently operated by PT Chevron Pacific Indonesia with an average production of around 165 thousand barrels per day. The Rokan Block has five large fields, namely Duri, Minas, Bangko, Balam South, and Petapahan, which are spread across five districts in Riau Province.

Investor Daily, Page-10, Tuesday, Feb 17, 2021

Tuesday, March 9, 2021

Upstream Oil and Gas Successfully Recorded Excellent Performance


The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) has managed to record brilliant performance throughout 2020 by achieving several targets set by the government.

Blogger Agus Purnomo in SKK Migas

It is recorded that the national upstream oil and gas sector produced five impressive achievements in the aspects of the Reserve Replacement Ratio (RRR), oil and gas lifting, cost recovery control, state revenues, and completion of upstream oil and gas projects.

At the end of 2020, oil lifting was recorded at 706 thousand barrels of oil per day (BOPD) or 100.2 percent exceeding the target of the Revised State Budget (APBN-P) which was set at 705 thousand BOPD.

Meanwhile, gas lifting was 5,461 million standard cubic feet per day (MMSCFD), slightly below the APBN-P target of 5,556 MMSCFD or reached 98.3 percent. As for state revenues, the figure achieved was US $ 8.4 billion, or 141 percent of the target set at the US $ 5.86 billion.

Dwi Soetjipto

"2020 is a difficult year for all business actors, especially in the upstream oil and gas sector, apart from being affected by the Covid-19 pandemic, we are also overshadowed by low world oil prices. However, thanks to hard work with KKKS (Cooperation Contract Contractors), in the end, the upstream oil and gas industry succeeded in exceeding several targets set by the government. The contribution of this industry is expected to help the national economy which is also affected by the pandemic, ”said the head of SKK Migas, Dwi Soetjipto.

Dwi added that another achievement was that SKK Migas was able to complete 15 onstream projects out of the 11 targeted onstream projects or 136 percent. Of these 15 projects, the potential for additional oil production is 9,182 BOPD and gas of 111 MMSCFD. The upstream oil and gas investment reached the US $ 10.21 billion and cost recovery control was US $ 8.12 billion according to the government's target.

According to the Deputy Head of SKK Migas, Fatar Yani Abdurrahman, during the 2020 period, there were several important milestones that were achieved including the completion of 24 PSC Side Letters and 61 LoAs and Amendments to the Natural Gas Sale and Purchase Agreement (PJBG) related to gas price adjustments in accordance with the Regulation of the Minister of Energy and Mineral Resources No. 89K / 2020 and 91K / 2020.

"The total adjusted gas reaches 2,601 British thermal units per day (BBTUD), consisting of 1,205 BBTUD for the downstream industry and 1,396 BBTUD for the State Electricity Company (PLN). This gas price adjustment aims to have an economic impact on the country through growing downstream industrial activities and reducing the burden of electricity subsidies, "he explained.

In addition, SKK Migas also successfully completed the Heads of Agreement (HoA) for the transition to the Rokan Block on September 28, 2020.

"With the implementation of the HoA, PT CPI (Chevron Pacific Indonesia) can conduct drilling to maintain Rokan production until the end of the contract," explained Fatar.

Sakakemang Block

Fatar added that the first Plan of Development (POD) for the Kaliberau Field, Sakakemang Block was also approved by the government on December 29, 2020. With this approval, the realization of the Reserve Replacement Ratio (RRR) stands at 101.6 percent with additional reserves of 705.16 MMBOE.

Meanwhile, based on this brilliant record, Fatar said SKK Migas was optimistic in welcoming 2021. He said that his party had finished compiling work programs and budgets with KKKS to achieve government targets.

"We know that the oil lifting target that has been set has not changed from this year, which is 705 thousand BOPD. To ensure there is no decline in production, SKK Migas is trying to carry out massive, aggressive and efficient activities. We are also determined, in 2021 there is no decline in national oil and gas production, "he concluded.

Bhirawa, Page-10, Monday, Jan 4, 2021

Tuesday, November 24, 2020

Potential The Rokan Block Still Becomes SKK Migas Mainstay


    The Rokan Work Area (WK) which will be managed by the Cooperation Contract Contractor (KKKS) Pertamina Hulu Rokan in August 2021 still has large potential reserves. Therefore, the success of managing the block is one of the keywords for success towards achieving the target of 1 million BOPD (barrels of oil per day) and 12 BSCFD of gas (billion cubic feet per day) by 2030.

    That is the summary of the Focus Group Discussion entitled "Guarding the Transition of Rokan, Maintaining National Production" which was held online in Jakarta (23/11). 

Satya Widya Yudha

    The FGD presented expert advisors to the Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), Satya Widya Yudha, Head of the Formality Division of SKK Migas, Didik S. Setyadi, Head of the Management of Goods and Services Procurement Division of SKK Migas, Erwin Suryadi, IATMI Practitioners, Hadi Ismoyo, National Oil and Gas Observer, Mukhtasor, Fahmy Radhi, and Abdul Muin.

    Satya said the potential oil reserves from WK Rokan are estimated to be 2 billion barrels. 

The Rokan Work Area (WK), Chevron

"Taking into account the existing potential, the WK Rokan will remain the backbone of national oil and gas production for a long time, through existing fields, field optimization, optimization of a waterflood, steam flood, and chemical EOR methods. So this working area will also be a mainstay to support the production target of 1 million barrels in 2030, "said Satya.

    Seeing this opportunity, SKK Migas is trying to make the transition period until 2021 run smoothly. This effort is not only a transition related to production operations but also other crucial matters, namely land-related permits.

Blogger Agus Purnomo in SKK Migas

"In the identification of SKK Migas, there is land that will be the drilling location but has not been certified as belonging to CPI (Chevron Pacific Indonesia), there is also the land that is still owned by the community. Permit readiness is absolutely passed because drilling equipment even though it is ready will be constrained if the land which is the drilling location is still controlled by other parties or the legality status is unclear, "said Head of the Formality Division of SKK Migas, Didik S. Setyadi.

    As an effort by SKK Migas to handle this matter, Didik said that his party is currently encouraging licensing to remain attached to the old operator. 

"Through the ODSP (One Door Service Policy), SKK Migas and CPI will resolve the licenses that are still neglected, this is so that while waiting for new operators to enter, operations will not stop. November 26, 2020, the list of licenses required by CPI must be final, "he explained.

    A similar sentiment was also conveyed by the Head of the Procurement Division of SKK Migas, Erwin Suryadi. 

“SKK Migas already has experience assisting the transfer of management of non-Pertamina CAs to Pertamina. We make learning each case so that when we manage the transfer of management of WK Rokan, we are sure that investors can still be implemented, "he said.

The Rokan Block Working Area Oil and Gas

    National oil and gas observer, Mukhtasor, said the transfer of management was quite complicated because the cooperation contract did not regulate matters related to management transfer. 

"One of the articles in the Ministerial Regulation ESDM # 15 of 2015 states that new operators can enter 6 months before the contract expires, this is not effective and will not be able to maintain production when new operators enter, "he said.

    However, his party appreciates the steps taken by CPI and SKK Migas which are trying to guard the transfer of management well, because there are many things that are not regulated but are done by CPI and SKK Migas so that the transfer of management runs well. One of them is the preparation of the 2020 AMDAL/IEA document. 

"As a resource person from the Ministry of Environment and Forestry in the preparation of upstream oil and gas, I am very proud of the proposed AMDAL," he said.

"Governance in the transitional period must be improved and currently is outside the realm of SKK Migas. This is the right momentum so that the authority of SKK Migas in terms of the transition to the end of the CA can be lifted so that the future transition can be carried out better, "continued Mukhtasor.

Importance of Investment

    The speakers saw that efforts to increase production at the Rokan WK could be realized if there was sufficient investment needed. Oil and gas practitioner, Hadi Ismoyo conveyed, it takes a strong commitment from Pertamina and the government, to invest tens of millions of dollars because the activities carried out must be quite massive.

    Gadjah Mada University energy economy observer, Fahmi Rady hopes that Pertamina will focus on concentrating its strength in WK Rokan, whose potential is still very large and the results are certain. Meanwhile, another upstream oil and gas observer, Abdul Muin, added that the way to increase oil and gas production in WK Rokan is through aggressive investment and must be realized according to commitments.

"So, if Pertamina has difficulties related to investment costs, it is better to open up options to cooperate with other companies. This is commonly done by the upstream oil and gas industry because they will also share risks and collaborate according to their respective advantages, "concluded Muin.

Source: Press release SKK Migas, Tuesday, Nov 24, 2020

Monday, November 23, 2020

21 EOR Projects will be Upstream Until 2030



    The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) plans 21 enhanced oil recovery (EOR) projects to start operating until 2030. EOR is planned to support the achievement of the oil production target of 1 million barrels per day (BPD)  by 2030.

Blogger Agus Purnomo in SKK Migas

Head of SKK Dwi Soetjipto said, if there is no effort, national oil production will continue to decline in the future. In order to achieve the target of 1 million bpd by 2030, a number of strategies have been formulated by his party, namely accelerating the transformation from reserves to production, exploration, and implementation of EOR activities.

Dwi Soetjipto

"A total of 21 EOR projects using polymers, surfactants, and CO2, are planned to start onstream until 2030," he said.

He explained that his party had identified which oil and gas fields this EOR activity would apply. In SKK Migas data, there are 42 oil and gas fields that are candidates for this EOR activity. Unfortunately, the implementing agency for upstream oil and gas activities did not specify which fields would start producing additional production by 2030.

"We have identified which arenas [for EOR], and what the reserves and production are like," said Dwi.

The 42 oil and gas fields are Minas, Melibur, Bangko, Medium Water, Widuri, Bajubang, Kenali Asam, Batang, Tanjung, Bekasap, Guruh, Ramba, Jatibarang, Zelda, Eman, Walio, and Duri Ring fields. Apart from that, there were Krisna, Rantau, Limau PQ, Tanjung Tiga Barat, Zulu, Pedada, Rantau Bais, Jirak, Balam South, Tempino, Farmers, Handil, Gemah, Kaji May, Prosperous, Kulin, Zamrud, and Raja fields.

Referring to SKK Migas data, the EOR project is targeted to start increasing national oil production in 2024 with two projects starting onstream. Furthermore, in 2025 and 2027, two projects each are targeted to start producing. After that, a total of 6 EOR projects are planned to start operating in 2028, 5 projects in 2029, and 4 projects in 2030.

Meanwhile, the rest of the EOR projects are scheduled to start production in 2031-2040. In detail, as many as 8 EOR projects will operate in 2031, 5 projects in 2032, 3 projects each in 2033-2034, 2 projects in 2035, 1 project in 2036, 4 projects in 2037, 1 project in 2038, and finally 4 projects by 2040.

Secretary-General of the Indonesian Petroleum Engineering Experts Association (IATMI) Hadi Ismoyo said, there is indeed the potential for additional oil production from EOR activities. However, not only technical aspects but the government must also pay attention to economic aspects so that additional production can be realized.

"The government must open up and provide extraordinary support, including from the fiscal side," he said.

The Rokan Block Chevron

Rokan Block

Dwi added, one of the large potential additional oil production from EOR is expected to come from the Minas Field, Rokan Block. Referring to SKK Migas data, Minas Field will become the backbone of national oil production with production reaching 52 thousand bpd in 2030.

"We hope that EOR Minas can be executed. We depend on Pertamina and partners to make it happen, "he said.

Hadi added that it should be focused on fields that have the potential to generate large amounts of additional oil production, one of which is the field in the Rokan Block. This is because EOR activities are not necessarily economical if they are applied in small fields.

"In Rokan, the original oil base is 8.5 billion barrels. If we talk about 10% recovery, we will already get 850 million barrels, ”he said.

PT Pertamina Hulu Energi (PHE)

Director of Strategic Planning and Business Development of PT Pertamina Hulu Energi (PHE) John H Simamora said, in the EOR planning by SKK Migas, the Rokan Block was included in it. 

    He has entrusted the government and SKK Migas with regard to the EOR project, primarily for the implementation of the EOR test which has been carried out by PT Chevron Pacific Indonesia as the current Rokan Block operator. However, his party is concerned about the economic aspects of the EOR project in the Rokan Block if you see the current oil price developments.

"If the price of oil is still like today, I myself don't think we can run EOR economically," he said.

However, this could be different if the government had other perspectives in implementing this EOR. One of them, if the government will provide incentives to increase the economy of the EOR project.

"But primarily, we want oil prices to improve," said John.

When signing the Rokan Block contract, the implementation of EOR activities was one of Pertamina's commitments. This is as stated in the Decree of the Minister of Energy and Mineral Resources 1923K / 10 / MEM / 2018. Some of these activities are the US $ 4 million EOR study, US $ 247 million stage-1 CEOR 7 pattern, and the US $ 88.6 million stage-1 steam flood Kulin or Rantau Bais.

Investor Daily, Page-10, Monday, Nov 23, 2020

Friday, November 20, 2020

The IDD project is targeted to start in 2021

 


The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) targets the Indonesia Deepwater Development (IDD) project to start rolling again next year. 

Blooger Agus Purnomo in SKK Migas

    This follows the transfer of management of the IDD Project to Eni Indonesia which is expected to be completed by the end of this year.

Head of SKK Migas Dwi Soetjipto said Chevron Indonesia, as the operator of the IDD Project, is still in the discussion stage regarding the transfer of participating share ownership to Eni Indonesia. The administrative process for the transfer of share ownership and management rights is expected to be completed this year.

Dwi Soetjipto

"So we hope that next year there will be changes to the plan of development / POD proposed after being managed by Eni," he said.

He explained that the POD changes were needed because Eni had managed two oil and gas blocks located near the IDD Project, namely the Muara Bakau and East Sepinggan blocks. Thus, the development of the IDD Project can later be integrated with the facilities that Eni already has in the two blocks. 

the IDD Project Chevron

    One of them is the utilization of the floating production unit / FPU Jangkrik block facility. So, IDD development will change from Chevron's plan or POD, ”said Dwi.

Working Area of Chevron

Furthermore, with the integration of these facilities, it is hoped that the development of the IDD Project can be faster and more efficient.

"We are optimistic that the development of IDD will be better and more efficient because Eni already has facilities. We are still targeting to start onstream in 2025, "he added.

Referring to SKK Migas data, the IDD project is targeted to start operating in the fourth quarter of 2025. This project is targeted to reach a peak gas production of 844 million standard cubic feet per day / MMscfd and 27 thousand BPD of oil. The project investment is estimated at the US $ 6.98 billion. This IDD project combines two oil and gas fields, namely Gendalo Field, Ganal Block, and Gehem, Rapak Block.

Ganal Field by ENI

Dwi said that the government supports the extension of the production sharing contract / PSC for oil and gas blocks that are included in the IDD Project, namely the Meeting Block and Ganal. This is because the Rapak Block contract will end in 2027 and the Ganal Block will be completed in 2028. Without the extension, he admits that oil and gas companies will find it difficult to develop the IDD Project.

"Although later asking for approval from the government [regarding the extension of the PSC]. But the government will support the extension if the contractor is serious about carrying out the project, "he said.

In the IDD Project, Chevron is currently the operator and majority shareholder of 63%. Chevron is working on this deep-sea oil and gas project with other joint venture partners, namely Eni, Tip Top, PT Pertamina Hulu Energi (PHE), and partners in Muara Bakau.

Investor Daily, Page-10, Friday, Nov 20, 2020

Monday, November 16, 2020

Pertamina and Chevron Still Discussing EOR

 


It seems that the increase in production of the Rokan Block using the Enhance Oil Recovery (EOR) method cannot be realized smoothly, because PT Chevron Pacific Indonesia is reluctant to provide all EOR formulas to PT Pertamina Hulu Rokan so that production can be more than 170,000 barrels per day.

Secretary-General of the National Energy Council (DEN) Djoko Siswanto said that in order for PT Pertamina to carry out EOR it would need four formulas, but Chevron was reluctant to provide one other formula.


"There are four formulas. Chevron has provided three formulas, one other formula is not given, he said.

The management of Chevron Pacific Indonesia has not yet answered confirmation regarding the progress of the transition to managing the Rokan Block and the EOR formula to increase the production of the block. 

the Rokan Block 

    Meanwhile, PT Pertamina (Persero) Senior Vice President for Corporate Communication & Investor Relations, Agus Suprijanto, admitted that until now Pertamina is still discussing with Chevron about EOR in the Rokan Block. However, he could not mention the progress of Pertamina's discussion with Chevron.

"For discussion material with Chevron, we have internal discussions, it cannot be shared yet," said Agus.

the Rokan Work Area (WK)

In general, the work program for 2021 in the Rokan Block is still being discussed with SKK Migas. To be sure, Agus ensures that the transition process for managing the Rokan Work Area (WK) will continue as planned. Pertamina Hulu Rokan will become the Cooperation Contract Contractor (KKKS) managing the WK Rokan as of August 9, 2021.

"Regarding the program details, we will share if there are official results," said Agus.

He also said that Pertamina would still work on the EOR scheme. Although he did not disclose the significant impact of using EOR to increase production in the Rokan Block, Agus assured Pertamina that it already had calculations. Agus said that currently discussions related to the economy were still ongoing.

"The calculation is there. "We are currently in discussions regarding various economic alternatives with the government," said Agus.

Kontan, Page-12, Monday, Nov 16, 2020

Saturday, November 7, 2020

Eni Strong Candidates to Manage IDD Block



The Special Task Force for Upstream Oil and Gas (SKK Migas) said that the transition to management of the deep-sea gas project or Indonesia Deep Water Development (IDD) is entering its final stage. 

    SKK Migas confirmed that the transfer of IDD Block management from Chevron Pacific Indonesia to Eni, who is also one of the IDD Block owners, will take place on a business-to-business (B to B) basis and can be completed by the end of this year. 

    Head of SKK Migas, Dwi Soetjipto, confirmed that currently, the discussion of switching the IDD Block operator has entered the final stage.

Dwi Soetjipto

"Eni is a candidate to replace Chevron. Being finalized, God willing, at the end of this year we are targeting a clean "Dwi said at the Ministry of Energy and Mineral Resources.

The finalization is internal between Chevron and Eni. After it was confirmed that it would not continue the management of the Rokan Block, Chevron Pacific Indonesia also decided not to continue the phase II development of the IDD Block.

One of the reasons for Chevron's reluctance to continue with the gas project was that the second phase development of the IDD Block was not included in the global portfolio of the US oil and gas company. 

the IDD Block

    Currently, the IDD project consortium consists of 62% ownership of Chevron, the remaining 20% ​​is held by Eni and 18% by Sinopec. Eni is considered to be a strong candidate to continue the development of phase II of IDD because investment costs can potentially be reduced. This is because this Italian oil and gas company already has facilities that can be integrated.

Sonitha Poernomo

Previously, PT Chevron Pacific Indonesia's Corporate Communication Manager, Sonitha Poernomo, said that the transition discussion process was still ongoing.

Blogger Agus Purnomo in SKK Migas

"We are still working with SKK Migas and potential partners to help realize the potential of this project. However, according to policy, we cannot provide detailed information about commercial negotiations," She said.

Kontan, Page-10, Saturday, Nov 7, 2020