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

3 The company is interested in Block Corridor

PT Pertamina (Persero), Repsol S.A., and Conoco Phillips are interested in managing the Corridor oil and gas working area located in Musi Banyuasin Regency, South Sumatra. 

Repsol S.A.

    Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soetjipto said that his party had not yet decided who would manage the block because it was still in the evaluation stage. However, Dwi targets, the evaluation of the Corridor Block will be completed including the scenario for developing the working area to next week. .

"This is intended to provide certainty because the block contract expires in 2023. Hopefully there will be a decision soon," he said.

In September 2018, Director General of Oil and Gas, Ministry of Energy and Mineral Resources (ESDM) Djoko Siswanto said that Pertamina had officially submitted a proposal to the Ministry of Energy and Mineral Resources to manage the Corridor Block after the contract expired in 2023.

Djoko said that he had just received a Pertamina proposal which he called very thick. However, he could not disclose the details of the contents of the proposal.

"Pertamina told me to submit a proposal. I just received it, "Djoko said.

Pertamina has also obtained permission to access data on the Corridor Block. Besides Pertamina, the contractor existing in the block, namely ConocoPhillips Indonesia, has expressed interest in continuing to manage the Corridor Block after the contract expires. The giant oil company from the United States has written to the ESDM Ministry about its interest.

With the proposal from Pertamina, the Ministry of Energy and Mineral Resources will compare the ConocoPhillips and Pertamina proposals as they did at the Rokan Block, namely between PT Chevron Pacific Indonesia and Pertamina.

PT Chevron Pacific Indonesia

Based on Minister of Energy and Mineral Resources Regulation No. 23/2018 concerning Management of Oil and Gas Working Areas that End Work Contracts, the government opens opportunities for anyone to apply for management of oil and gas blocks, from existing and Pertamina operators.

The regulation confirms that the government will appoint the termination block management operator that has the best program and definite commitment, especially to encourage exploration in increasing Indonesia's oil and gas reserves and production.

Arcandra Tahar

Related to the extension by ConocoPhillips, Deputy Minister of ESDM Arcandra Tahar said that his side had not yet received a complete proposal. According to him, the proposal from ConocoPhillips is still being processed at SKK Migas.

"While at SKK Migas, it has just been discussed. To the team leader yet. "The process is SKK Migas first after that the team," said Arcandra.

Corridor Block is one of the terminated oil and gas working areas which has a large production capacity. The average crude oil production in the region reaches 13,700 barrels per day (bpd). Based on SKK Migas data, production is ready to sell or lift natural gas in the Coridor Block as of July 31, 2018 amounting to 828.11 million cubic feet per day / MMscfd or has reached 102.3% of this year's target.

Based on data from the Ministry of Energy and Mineral Resources, Conoco Phillips manages three oil and gas fields in Indonesia, namely the Corridor Block in South Sumatra with a 54% share participation, Talisman Corridor Ltd. 36%, and Pertamina Hulu Energi (PHE) Corridor 10%.

PetroChina

Conoco Phillips also manages the South Jambi Block by controlling 45%, along with 30% PetroChina working partners, and 25% Pertamina. In addition, the company from the United States also manages the Kualakurun oil and gas working area in Central Kalimantan with 100% participating shares. The South Jambi block will expire on January 18, 2020. ConocoPhillips has chosen to leave this block.

IN INDONESIAN

3 Perusahaan Meminati  Blok Corridor  

PT Pertamina (Persero), Repsol S.A., dan Conoco Phillips berminat untuk mengelola wilayah kerja minyak dan gas bumi Corridor yang belokasi di Kabupaten Musi Banyuasin, Sumatra Selatan. 

    Kepala Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Dwi Soetjipto mengatakan bahwa pihaknya belum memutuskan siapa yang akan mengelola blok tersebut lantaran masih dalam tahap evaluasi. Namun, Dwi menargetkan, evaluasi Blok Corridor selesai termasuk skenario pengembangan wilayah kerja tersebut pada ke pekan depan. .

“Ini dimaksudkan untuk memberi kepastian karena kontrak blok tersebut berakhir 2023. Mudah-mudahan segera ada keputusan,” katanya.

Pada September 2018, Direktur Jenderal Minyak dan Gas Bumi, Kementerian Energi dan Sumber Daya Mineral (ESDM) Djoko Siswanto mengatakan bahwa Pertamina telah resmi mengajukan proposal ke Kementerian ESDM untuk mengelola Blok Corridor setelah habis kontrak pada 2023.

Djoko menuturkan, pihaknya baru saja menerima proposal Pertamina yang disebutnya sangat tebal. Namun, dia belum bisa mengungkapkan detil isi proposal tersebut. 

“Pertamina ke saya mengajukan proposal. Saya baru saja  menerimanya,"  ujar Djoko.

Pertamina juga sudah mendapatkan izin untuk mengakses data di Blok Corridor. Selain Pertamina, kontraktor eksis di blok tersebut, yakni ConocoPhillips Indonesia, telah menyatakan minatnya untuk tetap mengelola Blok Corridor setelah kontrak habis. Perusahaan minyak raksasa dari Amerika Serikat itu sudah menyurati Kementerian ESDM mengenai minatnya tersebut. 

Dengan adanya pengajuan proposal dari Pertamina, Kementerian ESDM akan membandingkan proposal ConocoPhillips dan Pertamina seperti halnya yang dilakukan di Blok Rokan, yakni antara PT Chevron Pacific Indonesia dan Pertamina.

Berdasarkan Peraturan Menteri ESDM No. 23/2018 tentang Pengelolaan Wilayah Kerja Migas yang Berakhir Kontrak Kerja Samanya, pemerintah membuka peluang bagi siapapun untuk mengajukan permohonan pengelolaan blok migas, dari operator eksis maupun Pertamina.

Regulasi itu menegaskan bahwa pemerintah akan menunjuk operator pengelola blok terminasi yang memiliki program dan komitmen pasti paling bagus, terutama untuk mendorong eksplorasi dalam meningkatkan cadangan dan produksi migas Indonesia.

Terkait dengan perpanjangan oleh ConocoPhillips, Wakil Menteri ESDM Arcandra Tahar menuturkan bahwa pihaknya hingga kini belum mendapatkan proposal lengkap. Menurutnya, proposal dari ConocoPhillips masih diproses di SKK Migas. 

“Sedang di SKK Migas, baru saja dibahas. Ke ketua tim belum. Prosesnya SKK Migas dulu setelah itu tim,” kata Arcandra.

Blok Corridor merupakan salah satu wilayah kerja migas terminasi yang memiliki kapasitas produksi cukup besar. Rerata produksi minyak mentah di wilayah itu mencapai 13.700 barel per hari (bph). Berdasarkan data SKK Migas, produksi siap jual atau lifting gas bumi di Blok Coridor per 31 Juli 2018 sebesar 828,11 juta kaki kubik per hari/MMscfd atau sudah mencapai 102,3% dari target tahun ini.

Berdasarkan data Kementerian ESDM, Conoco Phillips mengelola tiga lapangan migas di Indonesia, yakni Blok Corridor di Sumatra Selatan dengan bagian saham partisipasi 54%, Talisman Corridor Ltd. 36%, dan Pertamina Hulu Energi (PHE) Corridor 10%.

Conoco Phillips juga mengelola Blok South Jambi dengan menguasai 45 %, bersama mitra kerja PetroChina 30%, dan Pertamina 25 %. Selain itu, perusahaan dari Amerika Serikat itu juga mengelola wilayah kerja migas Kualakurun, Kalimantan Tengah dengan saham partisipasi 100%. Blok South Jambi akan habis masa kontraknya pada 18 Januari 2020. ConocoPhillips memilih meninggalkan blok ini.

Bisnis Indonesia, Page-22, Thursday, Dec 27, 2018

The South Jambi B Block contract was signed

The oil and gas working area (WK) of South Jambi B adds to the number of contracts using the Gross Split profit sharing scheme. This is in line with the signing of the PSC / cooperation contract at the Ministry of Energy and Mineral Resources (ESDM).

Jindi South Jambi B Co Ltd is a contractor working on the block effective on January 26, 2020 with a contract period of 20 years. The South Jambi B Block is currently still operated by ConocoPhilips (South Jambi) B, which will expire on January 25, 2020.

Deputy Minister of ESDM Arcandra Tahar said, with the signing of the South Jambi B Block contract, the number of contracts that have been and will be signed using a gross profit sharing scheme (groos split) was recorded as many as 32 contracts since 2017. The details consist of 11 oil and gas block contracts auctioned , 20 termination block contracts, and one contract amendment.

"The total investment commitment of the 32 oil and gas WK reaches around US $ 2.1 billion, equivalent to Rp. 31 trillion," Arcandra said after signing in Jakarta.

Arcandra Tahar

Arcandra explained, the signature bonus from this block was US $ 5 million and the investment value of the Definite Work Commitment (KKP) reached US $ 60 million. The details of the activities to be worked on in the first five years of this contract are G & G Study, 2D seismic 300 km, 3D seismic 400 km, and three exploration wells. He mentioned that Jindi could cooperate with ConocoPhilips as an existing contractor to carry out exploration.

"Efforts can be made before the contract ends with cooperation," he said.

He said, the estimated reserves in the South Jambi Block were 600 thousand barrels for oil and 270 trillion cubic feet for proven gas reserves. This block has no longer been in production since 2012, but has reached the peak of gas production of 23 million cubic feet per day / mmscfd in 2006 and oil up to 512 barrels per day (bpd) in 2005.

Meanwhile Jindi South Jambi Managing Director B Song-Zhizong explained that the first Plan of Development / POD will be submitted at least at the beginning of the second semester next year. He believes the potential of South Jambi B is quite large. Besides that, several structures have also been developed by previous contractors, so that only continuing exploration activities.

IN INDONESIAN

Kontrak Blok South Jambi B di Tandatangani

Wilayah kerja (WK) minyak dan gas bumi South Jambi B menambah jumlah kontrak yang menggunakan skema bagi hasil Gross Split. Hal ini seiring dengan ditandatanganinya kontrak kerja sama /PSC tersebut di Kementerian Energi dan Sumber Daya Mineral (ESDM).

Jindi South Jambi B Co Ltd merupakan kontraktor yang menggarap blok tersebut berlaku efektif pada 26 Januari 2020 dengan jangka waktu kontrak selama 20 tahun. Blok South Jambi B saat ini masih dioperasikan oleh ConocoPhilips (South Jambi) B yang akan berakhir kontraknya pada 25 Januari 2020.

Wakil Menteri ESDM Arcandra Tahar mengatakan, dengan ditandatangani-nya kontrak Blok South Jambi B, jumlah kontrak yang telah dan akan ditandatangani menggunakan skema bagi hasil kotor (groos split) tercatat sebanyak 32 kontrak sejak 2017. Adapun rinciannya terdiri dari 11 kontrak blok migas hasil lelang, 20 kontrak blok terminasi, dan satu amendemen kontrak.

“Total komitmen investasi dari ke 32 WK migas tersebut mencapai sekitar US$ 2,1 miliar atau setara Rp 31 triliun,” kata Arcandra usai penandatangan di Jakarta.

Arcandra menerangkan, bonus tanda tangan (signature bonus) dari blok ini sebesar US$ 5 juta dan nilai investasi Komitmen Kerja Pasti (KKP) mencapai US$ 60 juta. Adapun rincian kegiatan yang akan digarap dalam lima tahun pertama dari kontrak ini yakni Studi G&G, seismik 2D 300 km, seismik 3D 400 km persegi, dan tiga sumur eksplorasi. Dia menyebut Jindi bisa melakukan kerjasama dengan ConocoPhilips selaku kontraktor eksisting untuk melakukan eksplorasi. 

“Bisa dilakukan usaha-usaha sebelum kontrak itu berakhir dengan kerja sama,” ujarnya.

Dikatakannya, perkiraan cadangan di Blok South Jambi itu sebesar 600 ribu barel untuk minyak dan 270 triliun kaki kubik untuk cadangan terbukti gasnya. Blok ini sudah tidak lagi berproduksi sejak 2012 lalu, namun pernah mencapai puncak produksi gas sebesar 23 juta kaki kubik per hari/ mmscfd di 2006 dan minyak hingga 512 barel per hari (bph) di 2005.

Sementara itu Direktur Utama Jindi South Jambi B Song- Zhizong menerangkan, rencana Plan of Development/POD pertama akan diajukan paling tidak di awal semester kedua tahun depan. Dia meyakini potensi South Jambi B cukup besar. Disamping itu, beberapa struktur juga sudah dikembangkan oleh kontraktor terdahulu, sehingga hanya melanjutkan kegiatan eksplorasi. 

“Discovery sudah ada, lalu dua struktur sudah dikembangkan,” ujarnya.

 Investor Daily, Page-9, Friday, Dec 21, 2018

Jindi Prepares US $ 150 Million

Findi South Jambi B Co. Ltd., a subsidiary of Hong Kong Jindi Group which is the operator of the South Jambi B Block, will issue US $ 150 million in the first 3 years for oil and gas exploration. The oil and gas working area located in Jambi is still operated by ConocoPhilips because the region's contract will expire on January 25, 2020. However, the working area has not been operational since 2012.

Therefore, the ESDM Ministry also auctioned off the oil and gas block. The Jindi South Jambi B cooperation contract will become effective starting January 26, 2020. Jindi will manage the block for 20 years. Jindi gave a definite work commitment in South Jambi B for the first 5 years of US $ 60 million and a signature bonus of US $ 5 million.

Song Zhizong, Director of Jindi South Jambi B Co. Ltd., said that the company immediately conducted an exploration study in 2019. This commitment will be realized when business cooperation with Conocophillips begins also wants to invest around US $ 150 million for the first 3 years.

      The investment includes seismic, exploration well drilling, construction of other facilities, "he said after the signing of the South Jambi Work Area Gross Split Production Sharing Contract B.

Jindi will also submit a development proposal (plan of development / POD) to SKK Migas in mid-2019. Since 2017 to date, 32 oil and gas working areas have used gross split contracts consisting of 11 auction blocks, 20 blocks termination, and one block of contract amendments.

Arcandra Tahar

The total investment commitment from 32 oil and gas regions reaches around US $ 2.1 billion, equivalent to Rp. 31 trillion. Deputy Minister of ESDM Arcandra Tahar said, Jindi South Jambi B could enter South Jambi faster by using a cooperation scheme. According to him, the government accelerate the auction of the termination block in order to avoid a dramatic decrease in production.

"The production of this block has not dropped dramatically when intervened. We process now because until 2022 efforts can be made so that production can be increased. "

IN INDONESIAN

Jindi Siapkan US$ 150 Juta

Findi South Jambi B Co. Ltd., anak usaha Hong Kong Jindi Group yang menjadi operator Blok South Jambi B, akan mengeluarkan US$150 juta dalam 3 tahun pertama untuk eksplorasi wilayah migas itu. Wilayah kerja migas yang berlokasi di Jambi ini masih dioperasikan oleh ConocoPhilips karena kontrak wilayah itu akan berakhir pada 25 Januari 2020. Namun, wilayah kerja itu sudah tidak beroperasi sejak 2012. 

Oleh karena itu, Kementerian ESDM pun melelang blok migas itu. Kontrak kerja sama Jindi South Jambi B ini akan berlaku efektif mulai 26 Januari 2020. Jindi akan mengelola blok itu selama 20 tahun. Jindi memberikan komitmen kerja pasti di South Jambi B selama 5 tahun pertama sebesar US$60 juta dan bonus tanda tangan US$5 juta. 

Song Zhizong, Director Jindi South Jambi B Co. Ltd., mengatakan bahwa perusahaan langsung melakukan studi eksplorasi pada 2019. Komitmen ini akan terealisasi ketika kerja sama secara bisnis dengan Conocophillips dimulai juga ingin investasi kira-kira sekitar US$ 150 juta untuk 3 tahun pertama. 

   Investasi itu termasuk seismik, pengeboran sumur eksplorasi, pembangunan fasilitas lain,” katanya seusai penandatanganan Kontrak Bagi Hasil Gross Split Wilayah Kerja South Jambi B.

Jindi juga akan mengajukan proposal pengembangan (plan of development/POD) ke SKK Migas pada pertengahan 2019. Sejak 2017 sampai saat ini, 32 Wilayah kerja migas telah menggunakan skema kontrak bagi hasil kotor (gross split) terdiri dari 11 blok hasil lelang, 20 blok terminasi, dan satu blok amendemen kontrak. 

Total komitmen investasi dari 32 wilayah migas tersebut mencapai sekitar US$ 2,1 miliar atau setara dengan Rp 31 triliun. Wakil Menteri ESDM Arcandra Tahar mengatakan, Jindi South Jambi B dapat masuk ke South Jambi lebih cepat dengan menggunakan skema kerja sama. Menurutnya, pemerintah mempercepat pelelangan blok terminasi tersebut agar menghindari penurunan produksi secara drastis.

“Produksi blok ini tidak turun drastis kalau diintervensi. Kami proses sekarang karena agar sampai 2022 bisa dilakukan upaya agar produksi bisa ditingkatkan.” 

Bisnis Indonesia, Page-24, Friday, Dec 21, 2018

Only Two Oil and Gas Blocks Sell

The Ministry of Energy and Mineral Resources (ESDM) announces the results of the work area auction (WK) or the second stage of conventional oil and gas blocks. This announcement was made directly by the Deputy Minister of ESDM Arcandra Tahar.

In the second phase of the oil and gas block auction this year, there are six oil and gas blocks offered including Makassar Strait, Selat Panjang, South Jambi B, Andika Bumi Kita, Banyumas, and South East Mahakam. The six oil and gas blocks are divided into production blocks, namely Makassar Strait, Selat Panjang, and South Jambi B and exploration blocks, namely Southeast Mahakam, Banyumas and Andika Bumi Kita.

The auction schedule for the six oil and gas blocks starts on August 14, 2018 until October 12, 2018. Until the deadline for submitting participation documents / offers on October 12, 2018 there are 18 bid documents accessed by auction enthusiasts, with the results of four oil and gas blocks in demand by five bidders.

"Today is the day we will announce the second winner of the auction," said Arcandra at the ESDM Ministry.

the Makassar Strait Block

Arcandra then announced the six oil and gas blocks and the winner of the auction. There is no winner for the Makassar Strait Block because there are requirements that are not in accordance with the provisions. This oil and gas block attracted one participant. Then, the Long Strait Block also has no winner because it does not meet the requirements. This block attracted two participants. Third, the South Jambi B Block won by Hong Kong Jindi Group with a definite five-year work commitment worth USD 60 million and a signature bonus of US $ 5 million.

Furthermore, the Banyumas Block was won by PT Minarak Brantas Gas with a definite commitment of exploration of USD 4 million and a signature bonus of US $ 500,000. As for the Andika Block, our Earth and Southeast Mahakam are not in demand.

"There is no winner and Andika Bumi Kita has not filed. Southeast Mahakam also has no winner," said Arcandra.

The total signature bonus obtained by the government is USD 5,500,000, as well as a definite commitment of USD 64,000,000 which includes G & G activities of USD 1,000,000, 2D 300 km seismic surveys, 400 km2 of 3D seismic, and drilling of four wells. Arcandra added, for oil and gas blocks that have not been sold, they will be included in the next auction next week.

"For blocks not selling, there is a possibility that we will enter the next stage of the auction or the next round to open next week," said Arcandra.

IN INDONESIAN

Hanya Dua Blok Migas yang Laku

Kementerian Energi dan Sumber Daya Mineral (ESDM) mengumumkan hasil lelang wilayah kerja (WK) atau blok migas konvensional tahap kedua. Pengumuman ini dilakukan langsung oleh Wakil Menteri ESDM Arcandra Tahar.

Dalam lelang blok migas tahap kedua tahun ini, ada enam blok migas yang ditawarkan antara lain Makassar Strait, Selat Panjang, South Jambi B, Andika Bumi Kita, Banyumas, dan South East Mahakam. Keenam blok migas tersebut terbagi dalam blok produksi, yaitu Makassar Strait, Selat Panjang, dan South Jambi B dan blok eksplorasi yaitu Southeast Mahakam, Banyumas, dan Andika Bumi Kita.

Jadwal lelang dari keenam blok migas tersebut dimulai sejak 14 Agustus 2018 sampai dengan 12 Oktober 2018. Hingga batas akhir pemasukan dokumen partisipasi/penawaran tanggal 12 Oktober 2018 secara keseluruhan terdapat 18 bid document yang diakses oleh peminat lelang, dengan hasil empat blok migas diminati oleh lima peserta lelang.

"Hari ini adalah hari di mana kita akan mengumumkan pemenang lelang tahap kedua," kata Arcandra di Kementerian ESDM.

Arcandra kemudian mengumumkan keenam blok migas berikut pemenang lelangnya. Untuk Blok Makassar Strait tidak ada pemenang karena ada persyaratan yang tidak sesuai dengan ketentuan. Blok migas ini diminati satu peserta. Kemudian, Blok Selat Panjang juga tidak ada pemenangnya karena tidak memenuhi persyaratan. Blok ini diminati dua peserta. Ketiga, Blok South Jambi B yang dimenangkan oleh Hong Kong Jindi Group dengan komitmen kerja pasti lima tahun senilai USD 60 juta dan bonus tanda tangan US$ 5 juta.

Selanjutnya, Blok Banyumas yang dimenangkan oleh PT Minarak Brantas Gas dengan komitmen pasti eksplorasi USD 4 juta dan bonus tanda tangan US$ 500.000. Sedangkan untuk Blok Andika Bumi Kita dan Southeast Mahakam tidak diminati.

"Andika Bumi Kita tidak ada pemenang tidak ada yang mengajukan. Southeast Mahakam juga tidak ada pemenangnya," kata Arcandra.

Total bonus tanda tangan (signature bonus) yang diperoleh pemerintah sebesar USD 5.500.000, serta komitmen pasti sebesar USD 64.000.000 yang meliputi kegiatan G&G USD 1.000.000, survei seismik 2D 300 km, seismik 3D 400 km2, dan pengeboran empat sumur. Arcandra menambahkan, untuk blok migas yang belum laku akan diikutsertakan dalam lelang tahap berikutnya pekan depan. 

"Bagi blok tidak laku maka ada kemungkinan akan kita masukkan pada lelang tahap selanjutnya atau round selanjutnya dibuka minggu depan," tutur Arcandra.

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

Jindi Group Controls South Jambi Block B

The government provides oil and gas working areas located in Jambi, South Jambi B Block, to Hong Kong Jindi Group in the oil / gas block phase II / 2018.

In addition to Jindi Group, PT Minarak Brantas Gas won the Banyumas Block tender located in Central Java. South Jambi B, is an onshore oil and gas working area that was previously operated by ConocoPhillips. Investors only take two oil and gas working areas and a total of six blocks offered in the auction stage II / 2018 by the Ministry of Energy and Mineral Resources.

The Phase II / 2018 oil and gas block auction is held on August 14-October 12 2018. The auctioned block is divided into production and exploration work areas. The production working area consists of the Makassar Strait Block, Long Strait, and South Jambi B. The exploration working area is the Southeast Mahakam, Banyumas, and Andika Bumi Blocks.

the Makassar Strait Block

Until the deadline for submission of participation / bid documents on October 12, 2018, there are 18 bidding documents that are accessed by auction enthusiasts, with the results of four work areas in demand by five auction participants.

Deputy Minister of ESDM Arcandra Tahar said that for four oil and gas blocks that were not in demand, they would be included in the phase III / 2018 oil and gas auction. The third phase of the auction will open next week. Phase III / 2018 oil and gas block auction consists of working areas that are already and are conducting joint studies between the government and oil and gas contractors.

To attract investors, this stage III auction will be carried out directly and through a joint study mechanism. With the direct bid scheme, the contractor has first conducted a joint study with the government before the oil and gas block auction was opened. Oil and gas contractors look for their own data.

In a regular auction, the government prepares its own data related to oil and gas blocks that will be offered to contractors. In the arena of limited elections (beauty contest) for oil and gas blocks this time, the Ministry of Energy and Mineral Resources has evaluated bidders with the criteria of having financial and technical capabilities to finance and carry out petroleum operations, have a good track record, and fulfill the core auction terms and conditions for oil and gas working areas.

the Banyumas Block - Center Java

As a result, the South Jambi B Block was handed over to Hong Kong Jindi Group Co. Ltd., and the Banyumas Block are managed by PT Minarak Brantas Gas. The Banyumas Block is a land area located in Central Java.

"Until now, there have been six Working Areas (WK) that are selling with gross split [contract schemes] [for gross proceeds]," he said.

The government accepted the Hong Kong Jindi Group proposal with definite work commitments for the first 5 years presented through a 300 km 2D seismic survey, 400 km2 of 3D seims and three wells worth US $ 60 million.

Hong Kong Jindi Group promises to sign the South Jambi B Block contract at the end of November 2018. The oil and gas block located in Jambi has the highest oil production rate of 1,500 barrels per day.

PT Minarak Brantas Gas gave a definite work commitment of US $ 4 million and provided a signature bonus worth US $ 500,000 in the Banyu Mas Block. The signing of the block contract is also planned at the end of November.

President Director of Lapindo Brantas Inc. Faruq Adi Nugroho claimed that he had prepared himself to manage the block with the potential for oil and gas as much as 45 million oil equivalent (boe). The gas obtained from the Banyumas Block will be sold to the government through PT Perusahaan Gas Negara Tbk. or PT Pertamina Gas (Pertagas).

"This is my homeland, so it's okay to build your own country. Later the production of oil will be higher, "he said.

ENI REFUSED

Meanwhile, two other work areas that are of interest to contractors, namely the Makassar Strait Block and the Long Strait Block. However, the ESDM Ministry rejected the proposal submitted by Eni Muara Bakau B.V. in the Makassar Strait Block because the oil and gas contractor from Italy did not meet the requirements provided by the government. Arcandra said from the commercial side there were no problems, such as signature bonuses and definite work commitments.

"There are other requirements so Eni's offer fails. This is between the government and ENI alone [discussion]. "

Representative from Eni Muara Bakau BM Davide Casini Ropa said, he was interested in the Makassar Strait Block so he would try to take part in the next auction.

David explained, the reason for Eni's interest in oil and gas blocks off the coast of East Kalimantan was because of the Kutai Basin. Eni also projects that oil and gas reserves in Makassar Strait are quite good.

"This is not our decision. This block is interesting because it is close to our other facilities [Jangkrik Field], "he said.

Director General of Oil and Gas of the Ministry of Energy and Mineral Resources, Djoko Siswanto, said the government would discuss the continuation of Makassar Strait and the Long Strait. In the third phase of the auction, the two blocks will be included again. Rejection of Eni's proposal, according to him, because there is substance in the terms and conditions given and differences in the views of the government and companies from Italy.

"They (ENI) consider these conditions to interfere with commercialization, while we consider it an obligation. And it looks like they will negotiate first, but if the auction doesn't work, "he said.

In this auction, there are also blocks that are lonely interested, namely the Andika Block Bumi Kita and Southest Mahakam. Djoko said there was a possibility that Pertamina would conduct a joint study of the two blocks. He admitted, PT Pertamina (Persero) had indeed not shown interest in official statements, but verbally expressed interest.

IN INDONESIAN

Jindi Group Kuasai Blok South Jambi B

Pemerintah memberikan wilayah kerja minyak dan gas bumi yang berlokasi di Jambi, Blok South Jambi B, kepada Hong Kong Jindi Group dalam Lelang blok migas tahap ll/2018.

Selain Jindi Group, PT Minarak Brantas Gas memenangkan tender Blok Banyumas yang berlokasi di Jawa Tengah. South Jambi B, merupakan wilayah kerja migas darat (onshore) yang sebelumnya dioperatori oleh ConocoPhillips. Para investor hanya mengambil dua wilayah kerja minyak dan gas bumi dan total enam blok yang ditawarkan dalam lelang tahap ll/2018 oleh Kementerian Energi dan Sumber Daya Mineral.

Lelang blok migas tahap II/2018 digelar pada 14 Agustus-12 Oktober 2018. Blok yang dilelang itu terbagi dari wilayah kerja produksi dan eksplorasi. Wilayah kerja produksi terdiri atas Blok Makassar Strait, Selat Panjang, dan South Jambi B. Wilayah kerja eksplorasi adalah Blok Southeast Mahakam, Banyumas, dan Andika Bumi Kita.

Hingga batas akhir pemasukan dokumen partisipasi/penawaran pada 12 Oktober 2018, ada 18 dokumen penawaran yang diakses oleh peminat lelang, dengan hasil empat wilayah kerja diminati oleh lima peserta lelang.

Wakil Menteri ESDM Arcandra Tahar mengatakan bahwa untuk empat blok migas yang tidak diminati akan dimasukkan dalam lelang migas tahap III/2018. Lelang tahap ketiga itu akan dibuka pada pekan depan. Lelang blok migas tahap III/2018 terdiri atas wilayah kerja yang sudah dan sedang melakukan studi bersama antara pemerintah dan kontraktor migas.

Untuk menarik para investor, lelang tahap III ini akan dilakukan secara langsung dan melalui mekanisme studi bersama. Dengan skema penawaran langsung, kontraktor sudah terlebih dulu melakukan studi bersama dengan pemerintah sebelum lelang blok migas dibuka. Kontraktor migas mencari data sendiri.

Dalam lelang reguler, pemerintah menyiapkan data sendiri terkait dengan blok migas yang akan ditawarkan kepada kontraktor. Dalam arena pemilihan terbatas (beauty contest) blok migas kali ini, Kementerian ESDM telah mengevaluasi peserta lelang dengan kriteria memiliki kemampuan finansial dan teknik untuk membiayai dan melaksanakan kegiatan operasi perminyakan, memiliki rekam jejak baik, dan memenuhi syarat dan ketentuan inti lelang wilayah kerja migas.

Hasilnya, Blok South Jambi B diserahkan kepada Hong Kong Jindi Group Co. Ltd., serta Blok Banyumas dikelola oleh PT Minarak Brantas Gas. Blok Banyumas merupakan wilayah darat yang berlokasi di Jawa Tengah. 

“Sampai sekarang berarti sudah ada enam Wilayah Kerja (WK) yang laku dengan [skema kontrak] gross split [bagi hasil kotor],” tuturnya.

Pemerintah menerima proposal Hong Kong Jindi Group dengan komitmen kerja pasti selama 5 tahun pertama yang tersaji melalui survei seismic 2D sepanjang 300 km, seimsik 3D seluas 400 km2, dan tiga sumur dengan nilai US$ 60 juta.

Hong Kong Jindi Group menjanjikan penandatanganan kontrak Blok South Jambi B pada akhir November 2018. Blok migas yang berlokasi di Jambi itu memiliki tingkat produksi minyak tertinggi 1.500 barel per hari.

PT Minarak Brantas Gas memberikan komitmen kerja pasti US$ 4 juta dan memberikan bonus tanda tangan senilai US$ 500.000 di Blok Banyu mas. Penandatanganan kontrak blok ini juga rencananya pada akhir November.

Presiden Direktur Lapindo Brantas Inc. Faruq Adi Nugroho mengaku bahwa pihaknya sudah menyiapkan diri untuk mengelola blok dengan potensi migas sebanyak 45 juta setara minyak (boe). Gas yang didapat dari Blok Banyumas akan dijual ke pemerintah melalui PT Perusahaan Gas Negara Tbk. atau PT Pertamina Gas (Pertagas).

“Ini Tanah Air saya, jadi tidak apa-apa apa dong membangun Tanah Air sendiri. Nanti seperitnya produksinya minyak akan lebih banyak," katanya.

ENI DITOLAK

Sementara itu, dua wilayah kerja lain yang diminati kontraktor, yakni Blok Makassar Strait dan Blok Selat Panjang. Namun, Kementerian ESDM menolak proposal yang diajukan oleh Eni Muara Bakau B.V. di Blok Makassar Strait karena kontraktor migas dari Italia tersebut tidak memenuhi persyaratan yang diberikan oleh pemerintah. Arcandra mengatakan dari sisi komersial tidak ada masalah, seperti bonus tanda tangan dan komitmen kerja pasti. 

“Ada persyaratan lain sehingga penawaran Eni gagal. Ini antara pemerintah dan ENI saja [pembahasannya]."

Perwakilan dari Eni Muara Bakau BM Davide Casini Ropa mengatakan, pihaknya tertarik dengan Blok Makassar Strait sehingga akan mencoba ikut lelang berikutnya.

David menjelaskan, alasan ketertarikan Eni pada blok migas lepas pantai Kalimantan Timur ini karena ada Cekungan Kutai. Eni juga memproyeksikan cadangan migas di Makassar Strait cukup bagus. 

“Ini bukan keputusan kami. Blok ini menarik karena dekat dengan fasilitas kami yang lain [Lapangan Jangkrik]," katanya.

Dirjen Minyak dan Gas Bumi Kementerian ESDM Djoko Siswanto mengatakan, pemerintah akan membahas mengenai kelanjutan Makassar Strait dan Selat Panjang. Dalam lelang tahap ketiga, dua blok tersebut akan diikutsertakan lagi. Ditolaknya proposal Eni, menurutnya, karena ada substansi dalam syarat dan ketentuan yang diberikan dan perbedaan cara pandang pemerintah dan perusahaan dari Italia tersebut.

“Mereka (ENI) mengganggap syarat tersebut mengganggu komersialisasi, sedangkan kami menganggap itu kewajiban. Dan sepertinya mereka akan menegosiasikan dulu, tetapi kalau dalam lelang tidak bisa begitu,” katanya.

Dalam lelang kali ini, ada pula blok yang sepi peminat, yakni Blok Andika Bumi Kita dan Southest Mahakam. Djoko mengatakan ada kemungkinan Pertamina melakukan studi bersama terhadap dua blok tersebut. Dia mengakui, PT Pertamina (Persero) memang belum menunjukkan ketertarikan dengan pernyataan resmi, tetapi secara lisan sudah mengutarakan minatnya.

Bisnis Indonesia, Page-24, Tuesday, Oct 23, 2018

ConocoPhillips Submits Corridor Block Proposal

The Ministry of Energy and Mineral Resources (ESDM) said that Conoco-Philips had submitted a proposal to develop the Corridor Block after its contract expired in 2023. Conoco-Philips is the existing block contractor.

ESDM Ministry's Director General of Oil and Gas, Djoko Siswanto, said that the development proposal had been submitted. The proposal is a complete document of the planned development of the Corridor Block from technical and commercial aspects.

"This (proposal) is being discussed. We have received the proposal, "he said in Jakarta.

Djoko had explained, currently the Corridor Block participating rights holders are Philip Conoco 54%, PT Pertamina Hulu Energi Corridor 10%, and Repsol 36%. Conoco Philip said that he would still cooperate with Repsol in working on the Corridor Block after the production sharing contract (PSC) was completed in 2023. While Pertamina proposed 100% participation rights after 2023.

"Pertamina has submitted its proposal, very thick. So it takes time (for evaluation), "Djoko said.

Vice President of Commercial, Business Development & Relations, ConocoPhillips Indonesia, Taufik Ahmad confirmed that his party had submitted a proposal to extend the management of the Corridor Block to the government.

"I can confirm that we have submitted a proposal to extend the Corridor Block on September 27," he said

The Corridor Block is one of three oil and gas blocks that will expire in 2023 in cooperation contracts. Referring to the ESDM Ministry's initial plan, the fate of the block that expires its 2023 contract will be decided this October. Therefore, the government had previously given ConocoPhillips time until the end of September to submit its proposal.

Until last July, the realization of gas production from the Corridor Block was recorded at 828.41 million standard cubic feet per day / mmscfd, exceeding the target of 810 mmscfd. But until the end of the year, the production of this block is projected to be only 800 mmscfd. While next year, the Corridor Block is targeted to produce 810 mmscfd of gas. The Corridor Block contract was signed in 1983 and ends on December 19, 2023.

According to information on the ConocoPhilip page, the Corridor Block consists of two oil producing fields and seven gas fields. This oil field is Suban Baru and Rawa, while the gas fields are Suban, Sumpal and Dayung. Gas produced from the Corridor Block is sold through long-term contracts into the country and Singapore.

Currently ConocoPhilip continues to invest in maintaining the Corridor Block gas production. Conoco Philips drills development wells in Sumpal and Suban. In addition, the US oil and gas company built additional compressor facilities in Suban.

While the other two oil and gas blocks that were completed in 2023 are Rimau and Jabung blocks, currently managed by Petrochina International Jabung Ltd with participating rights (participating interest / PI) 42.86%, while other PI holders are Petronas Carigali 42.86 % and PT Pertamina (Persero) 14.29%. 

   Until last July, the block's oil production was recorded at 14,525 barrels per day (hph) and gas 210.1 mmscfd. This block contract expires on February 26, 2023.

IN INDONESIAN

ConocoPhillips Serahkan Proposal Blok Koridor

Kementerian Energi dan Sumber Daya Mineral (ESDM) menyatakan Conoco-Philips telah memasukkan proposal rencana pengembangan Blok Koridor pasca kontraknya berakhir pada 2023. Conoco-Philips merupakan kontraktor eksisting blok ini.

Direktur Jenderal Minyak dan Gas Bumi Kementerian ESDM Djoko Siswanto mengatakan, proposal pengembangan itu telah diserahkan. Proposal merupakan dokumen lengkap rencana pengembangan Blok Koridor dari aspek teknis dan komersil. 

“Ini (proposal) sedang dibahas. Kami sudah terima proposalnya,” kata dia di Jakarta.

Djoko sempat menjelaskan, saat ini pemegang hak partisipasi Blok Koridor adalah Conoco Philip 54%, PT Pertamina Hulu Energi Corridor 10%, dan Repsol 36%. Conoco Philip dikatakannya masih akan menggandeng Repsol dalam menggarap Blok Koridor setelah kontrak kerja sama (production sharing contract/ PSC) selesai di 2023. Sementara Pertamina mengajukan kepemilikan hak partisipasi 100% setelah 2023.

“Pertamina sudah memasukkan proposalnya, sangat tebal. Jadi perlu waktu (untuk evaluasi),” tutur Djoko.

Vice President Commercial, Business Development & Relations ConocoPhillips Indonesia Taufik Ahmad membenarkan bahwa pihaknya sudah memasukkan proposal perpanjangan pengelolaan Blok Koridor ke pemerintah. 

“Saya bisa mengkonfirmasi bahwa kami sudah memasukkan pengajuan perpanjangan Corridor Block pada 27 September,” tuturnya 

Blok Koridor merupakan satu dari tiga blok migas yang akan berakhir kontrak kerja samanya pada 2023. Mengacu rencana awal Kementerian ESDM, nasib blok yang habis kontraknya 2023 akan diputuskan pada Oktober ini. Karenanya, pemerintah sebelumnya memberikan waktu kepada ConocoPhilips sampai akhir September untuk menyerahkan proposalnya. 

Hingga Juli lalu, realisasi produksi gas dari Blok Koridor tercatat sebesar 828,41 million standard cubic feet per day/mmscfd, melebihi target 810 mmscfd. Namun sampai akhir tahun nanti, produksi blok ini diproyeksikan hanya 800 mmscfd. Sementara pada tahun depan, Blok Koridor ditargetkan menghasilkan gas 810 mmscfd. Kontrak Blok Koridor ditandatangani pada 1983 dan berakhir pada 19 Desember 2023.

Menurut keterangan dalam laman ConocoPhilip, Blok Koridor terdiri dari dua lapangan penghasil minyak dan tujuh lapangan gas. Lapangan minyak ini yakni Suban Baru dan Rawa, sementara lapangan gasnya adalah Suban, Sumpal, dan Dayung. Gas yang dihasilkan dari Blok Koridor dijual melalui kontrak jangka panjang ke dalam negeri dan Singapura.

Saat ini ConocoPhilip terus berinvestasi guna menjaga produksi gas Blok Koridor. Conoco Philips melakukan pengeboran sumur pengembangan di Sumpal dan Suban. Selain itu, perusahaan migas Amerika Serikat itu membangun fasilitas kompresor tambahan di Suban.

Sementara dua blok migas lain yang selesai kontraknya pada 2023 yakni Blok Rimau dan Jabung, saat ini dikelola oleh Petrochina International Jabung Ltd dengan kepemilikan hak partisipasi (participating interest/ PI) 42,86%, sementara pemegang PI yang lain adalah Petronas Carigali 42,86% dan PT Pertamina (Persero) 14,29%. Sampai Juli lalu, produksi minyak blok ini tercatat sebesar 14.525 barel per hari (hph) dan gas 210,1 mmscfd. Kontrak blok ini habis pada 26 Februari 2023. 

Investor Daily, Page-9, Wednesday, Oct 3, 2018