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

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

3 Oil and Gas Blocks Auction Again

The Ministry of Energy and Mineral Resources (ESDM) will auction off three oil and gas blocks that were not sold in 2018. The three blocks are the Selat Panjang (WK) Working Area, Makassar Strait, and West Kampar.

ESDM Ministry's Director General of Oil and Gas Djoko Siswanto said the auction for the working area in 2019 still refers to the experience of last year which was divided into three stages. According to him, the government's desire to continue auctioning the WK that failed to be auctioned was considered reasonable.

"Now there are still three stages, which I remember that must have been auctioned [this year] that Makassar Strait is not yet, then the Long Strait, and West Kampar," he said.

For the Kampar Riau Block, the ESDM Ministry actually auctioned it on September 19 to October 22, 201. Unfortunately, investors have not been interested in the block which has an estimated reserve of 8.3 MMSTB (oil and condensate). Initially the block was managed by PT Sumatera Persada Energi (SPE). Then on December 28, 2008, Oilex Ltd purchased management rights of 45% of PSE. On the way, at the end of December 2016, PSE was in bankruptcy.

The production contract for the Kampar Riau West Block was signed in October 2005 with a contract period of 50 years. Termination of the SPE contract as manager of the Kampar Block is realized through a letter from the Minister of Energy and Mineral Resources with Number 2974/2018 signed on August 15 2018. Similar to West Kampar; The Long Strait Block, located in Riau, will be terminated on September 5, 2021 and attempted to be auctioned again.

Because, Petroselat Ltd, which is a subsidiary of PT Sugih Energy Tbk., As the operator, was declared bankrupt on July 5, 2017, so the government again auctioned off the oil and gas block.

Especially for the Makassar Strait Block, there are actually investors who are interested in managing this working area. In the conventional oil and gas working area Phase II 2018, Eni Muara Bakau B.V has submitted a proposal. 

ENI from Italy

    

  Then, the Ministry of Energy and Mineral Resources rejected the proposal because the KKKS (contractor of cooperation contract) ENI from Italy did not meet the requirements provided by the government.

ENI from Italy

At that time, the ESDM Ministry thought the Italian ENI investor proposal contained strategic requirements that made Eni's offer fail. But from the commercial side, such as cooperation bonuses and definite work commitments, Eni's proposal was deemed feasible. 

ENI from Italy

   Djoko ensured that the three blocks would be re-auctioned, considering the government had conducted an evaluation, specifically related to the Makassar Strait Block. The government has successfully auctioned 36 oil and gas blocks using gross split schemes.

IN INDONESIAN

3 Blok Migas Dilelang Lagi

Kementerian Energi dan Sumber Daya Mineral (ESDM) kembali akan melelang tiga blok minyak dan gas yang tidak laku pada 2018. Ketiga blok tersebut adalah Wilayah Kerja (WK) Selat Panjang, Makassar Strait, dan West Kampar.

Dirjen Migas Kementerian ESDM Djoko Siswanto mengatakan, lelang wilayah kerja pada 2019 tetap mengacu seperti pengalaman tahun lalu yang dibagi menjadi tiga tahap. Menurutnya, keinginan pemerintah untuk tetap melelang WK yang gagal dilelang dianggap wajar.

“Sekarang tetap tiga tahap, yang saya ingat yang pasti dilelang [tahun ini] itu Makassar Strait kan belum, kemudian Selat Panjang, dan West Kampar,” tuturnya.

Untuk Blok Kampar Riau , sebenarnya Kementerian ESDM telah melelangnya pada 19 September - 22 Oktober 2018. Sayangnya, investor belum tertarik pada blok yang memiliki estimasi cadangan sebesar 8,3 MMSTB (minyak berikut kondensat) tersebut. Awalnya blok tersebut dikelola oleh PT Sumatera Persada Energi (SPE). Kemudian pada 28 Desember 2008, Oilex Ltd membeli hak kelola sebesar 45% dari PSE. Dalam perjalanannya, pada akhir Desember 2016, PSE dalam kondisi pailit.

Kontrak bagi hasil Blok West Kampar Riau ditandatangani pada Oktober 2005 dengan jangka waktu kontraknya selama 50 tahun. Pemutusan kontrak SPE sebagai pengelola Blok Kampar diwujudkan melaui surat Menteri ESDM dengan Nomor 2974/2018 yang ditandatangani pada 15 Agustus 2018. Serupa dengan West Kampar; Blok Selat Panjang, yang berlokasi di Riau, akan terminasi pada 5 September 2021 dan berupaya kembali dilelang. 

Pasalnya, Petroselat Ltd yang merupakan anak usaha dari PT Sugih Energy Tbk., sebagai operator telah dinyatakan pailit pada 5 Juli 2017, sehingga pemerintah kembali melelang blok migas tersebut.

Khusus untuk Blok Makassar Strait, sebenarnya ada investor yang tertarik untuk mengelola wilayah kerja ini. Dalam wilayah kerja migas konvensional Tahap ll 2018, Eni Muara Bakau B.V telah memasukkan proposal. Kemudian, Kementerian ESDM menolak proposal karena KKKS (kontraktor kontrak kerja sama) ENI dari Italia tersebut tidak memenuhi persyaratan yang diberikan pemerintah.

Saat itu, Kementerian ESDM beranggapan proposal investor ENI Italia tersebut mengandung persyaratan strategis yang membuat penawaran Eni gagal. Namun dari sisi komersial, seperti bonus kerja sama dan komitmen kerja pasti, proposal Eni sudah dianggap layak. 

   Djoko memastikan bahwa tiga blok tersebut akan dilelang ulang, mengingat pemerintah sudah melakukan evaluasi, khususnya terkait dengan Blok Makassar Strait. Pemerintah telah berhasil melelang 36 blok migas dengan menggunakan skema gross split. 

Bisnis Indonesia, Page-3, Thursday, Jan 3, 2019

Contracts for Two Oil and Gas Blocks Will Switch to Gross Split

The government states that there are two oil and gas blocks whose production contracts (PSC) are changed from the scheme cost recovery is a gross split. If realized, then there are a total of three oil and gas companies that change their contracts to become gross split.

25 Working Area of Gross Split Scheme

Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar said, seven oil and gas contractors had expressed interest to revise his contract to gross split. Two of the contractors, among them, are now increasingly shifting to gross split contracts. Signing This contract amendment is expected to be carried out early next year.

Arcandra Tahar 

"[Signing] the third week of January [2019]," he said in Jakarta.

Unfortunately, Arcandra is reluctant to name the two blocks. He only mentioned that one of the oil and gas blocks that had been changed by the contract was a conventional oil and gas block. At present, it is still evaluating the contracts for the two oil and gas blocks. One of them is related to the calculation of profit sharing (split) became the allotment of cooperation contractors (KKKS) and the government, after switching the scheme of the contract to gross split.

Eni Indonesia

Previously, Eni Indonesia signed a recent signing of the PSC amendment for the Sepinggan East Block. This amendment is due to the contract scheme changed from cost recovery to gross split. The East Sepinggan Block contract is the first cost recovery scheme to switch to gross split in accordance with the contractor's proposal. One of the considerations of the contractor is the effectiveness of WK development East Sepinggan.

The East Sepinggan Block contract began on July 20, 2012 and ends in July 2042. The 30-year contract period consists of a 20-year exploration phase and 10-year production. The split for this block contractor is 67% for oil and 72% for gas, this count is for base split plus split variable.

The holders of this block's participation rights are 85% Eni East Sepinggan Limited and 15% PT Pertamina Hulu Energi, where Eni East Sepinggan Limited acts as the operator.

"Italian companies and Pertamina have moved from cost recovery to gross split. "Gross split makes the process simpler and more effective," Arcandra said.

Managing Director Fabrizio Trili

Eni Indonesia's Managing Director Fabrizio Trili revealed that the gross split scheme was the same good solution for his party and the government. With the change in the scheme of the East Sepinggan Block contract, it also obtained convenience.

"We are free to carry out our various activities, to market products, to ensure better results from gas production for both the government and Eni," Fabrizio explained.

Arcandra added, until now, the number of oil and gas blocks whose contracts using gross split schemes have reached more than 30 contracts. With Eni choosing to switch to gross split, this proves that the new oil and gas contract scheme is attractive to investors.

Production Test.

Meanwhile, ESDM Ministry Director General of Oil and Gas Djoko Siswanto said Eni had completed drilling one well at Merakes Field, East Sepinggan Block. Drill steam tests were also carried out on the well and the results were very promising.

"One Merakes well managed to produce 30 mmscfd / million metric standard cubic feet of gas per day. If 10 wells are drilled, the production can be 300 mmscfd, "he said.

Not only gas, the well also produces associated oil or condensate. The production of condensate wells, said Djoko, is around 100 barrels per day (bpd). For the planned development of Merakes Field, the East Sepinggan Block is targeted to produce gas up to 391 mmscfd with total production along the contract of 814 billion cubic feet. The production period of this field according to its economy is estimated to be around 9 years.

"The on-stream plan is 2021," he said.

IN INDONESIAN

Kontrak Dua Blok Migas akan Beralih ke Gross Split

Pemerintah menyatakan terdapat dua blok migas yang kontrak kerja samanya (production sharing contract/ PSC) diubah skemanya dari cost recovery menjadi bagi hasil kotor (gross split). Jika terealisasi, maka total terdapat tiga perusahaan migas yang mengubah kontraknya menjadi gross split.

Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar menuturkan, tujuh kontraktor migas telah menyatakan minatnya untuk merevisi kontraknya menjadi gross split. Dua kontraktor diantaranya kini semakin mantap beralih ke kontrak gross split. Penandatanganan amendemen kontrak ini diharapkan bisa dilakukan awal tahun depan.

“[Signing] minggu ketiga Januari [2019],” kata dia di Jakarta.

Sayangnya, Arcandra enggan menyebutkan nama dua blok ini. Dia hanya menyebut salah satu blok migas yang diubah kontraknya ini merupakan blok migas konvensional. Saat ini, pihaknya masih mengevaluasi kontrak kedua blok migas ini. Salah satunya yakni terkait perhitungan bagi hasil (split) yang menjadi jatah kontraktor kerja sama (KKKS) dan pemerintah, setelah beralih skema kontraknya menjadi gross split.

Sebelumnya, Eni Indonesia menandatangani baru saja menandatangani amendemen PSC untuk Blok East Sepinggan. Amendemen ini lantaran skema kontraknya berubah dari cost recovery menjadi gross split. Kontrak Blok East Sepinggan merupakan kontrak skema cost recovery pertama yang beralih menjadi gross split sesuai dengan usulan kontraktor. Salah satu pertimbangan kontraktor yakni dalam rangka efektifitas pengembangan WK

East Sepinggan.

Kontrak Blok East Sepinggan ini dimulai pada 20 Juli 2012 dan berakhir pada Juli 2042. Jangka waktu kontrak selama 30 tahun ini terdiri dari fase eksplorasi 20 tahun dan produksi 10 tahun. Bagi hasil (split) bagi kontraktor blok ini yakni sebesar 67% untuk minyak dan 72% untuk gas, hitungan ini untuk base split plus variable split. 

Pemegang hak partisipasi blok ini adalah Eni East Sepinggan Limited sebesar 85% dan PT Pertamina Hulu Energi East Sepinggan 15%, dimana Eni East Sepinggan Limited bertindak sebagai operator. 

“Perusahaan Italia dan Pertamina telah pindah dari cost recovery ke gross split. Gross split membuat proses lebih simpel dan efektif,” kata Arcandra.

Managing Director Eni Indonesia Fabrizio Trili mengungkapkan, skema gross split ini menjadi solusi yang sama bagusnya bagi pihaknya dan pemerintah. Dengan perubahan skema kontrak Blok East Sepinggan, pihaknya juga memperoleh kemudahan.

“Kami bebas dalam menjalankan berbagai kegiatan kami, untuk memasarkan produk, untuk memastikan hasil yang lebih baik dari produksi gas baik bagi pemerintah maupun Eni,” jelas Fabrizio.

Arcandra menambahkan, hingga saat ini, jumlah blok migas yang kontraknya menggunakan skema gross split telah mencapai lebih dari 30 kontrak. Dengan Eni memilih beralih ke gross split, ini membuktikan bahwa skema baru kontrak migas itu menarik bagi investor. 

Tes Produksi. 

Sementara itu, Direktur Jenderal Minyak dan Gas Bumi Kementerian ESDM Djoko Siswanto mengatakan, Eni telah merampungkan pengeboran satu sumur di Lapangan Merakes, Blok East Sepinggan. Drill steam test juga telah dilakukan pada sumur tersebut dan hasilnya sangat menjanjikan.

“Satu sumur Merakes berhasil memproduksi gas 30 mmscfd/million metric standard cubic feet per day. Bila dibor 10 sumur, maka produksinya bisa 300 mmscfd,” kata dia. 

Tidak hanya gas, sumur itu juga memproduksi minyak ikutan atau kondensat. Produksi kondensat sumur itu, kata Djoko, sekitar 100 barel per hari (bph). Untuk rencana pengembangan Lapangan Merakes, Blok East Sepinggan ditargetkan dapat menghasilkan gas hingga 391 mmscfd dengan total produksi sepanjang kontrak 814 miliar kaki kubik. Masa produksi lapangan ini sesuai keekonomiannya diperkirakan sekitar 9 tahun. 

“Rencana onstream-nya 2021,” ujarnya.

Investor Daily, Page-9, Monday, Dec 17, 2018

It's time for Jokowi to start entering the Upstream Oil and Gas Sector

Eni S.p.A., an oil and gas company from Italy, can be said to be an oil and gas company that has lost durian in the past 4 years, namely in 2015. After starting oil and gas exploration activities in the Mediterranean Sea in 2015, the Italian company finally found gas reserves the earth as much as 30 trillion cubic feet (trillion cubic feet / tcf), equivalent to 5.5 billion barrels of barrel oil of equivalent / boe.

ENI S.P.A.

After discovering oil and gas reserves at Zohr Field in August 2015, Eni immediately proposed an investment plan for the development of the field, which is said to have such giant reserves. In about 6 months, namely until February 2016, Eni has obtained certainty from the oil and gas authority in Egypt to be able to continue the findings of the reserves to the stage of exploitation or production.

From the success of Eni and BP in Egypt, there is no denying that government support is a determining factor for investors entering and seeking oil and gas reserves. It is conceivable, the magnitude of the impact produced when Zohr's class of oil and gas is found in the territory of Indonesia. Natural gas exports will increase so that it will increase the country's foreign exchange.

ENI S.P.A.

This will reduce the oil and gas balance deficit that has been widely discussed lately when the rupiah exchange rate weakened against the US dollar. At least, the discovery of natural gas reserves will reduce the oil and gas trade balance deficit in the next few years, which is after the oil and gas field begins to enter the production phase.

Zohr Field

The Indonesian government needs to replicate the success of the Egyptian Government which fully supports upstream oil and gas investors when they find potential large-scale oil and gas reserves in Zohr Field. Since 2003, Indonesia has officially become an oil importer because domestic production cannot meet the consumption of fuel oil (BBM) in the country.

In fact, the oil and gas trade deficit continues to expand. This is due to the downward trend in oil production (lifting), while the consumption trend BBM continues to rise along with economic growth. With an average economic growth of 5% per year, fuel consumption also increases. Based on several surveys, every 1% of economic growth, energy demand will increase by 1.5%.

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) estimates that oil lifting is only 281,000 barrels per day (bpd) in 2030. However, with enhance oil recovery / EOR technology method, oil lifting is expected to be able to survive in the range of 520,000 bpd by 2030.

Amien Sunaryadi, in his farewell remarks as Head of SKK Migas, revealed that the oil and gas balance deficit would be even wider in the coming years. The only solution is to resist the increase in the oil and gas balance deficit by conducting oil and gas exploration and finding

large scale field.

STRENGTHENING UPPER

The President of the Indonesian Petroleum Association (IPA) Tumbur Parlindungan said that the rise of the national oil and gas upstream would have a double impact on the economy. Not just talking about increasing state income, but the might of a country's upstream oil and gas is a driving factor for the economy.

"Once the upstream oil and gas sector is strong, the petrochemical industry is more independent, supporting industries are growing and others are emerging."

According to him, the potential for oil and gas subsurface in the country remains promising, but needs to be supported by increasing national upstream oil and gas competitiveness. In the perspective of oil and gas investors who are not only focused on one of the regions, the return calculation and profit is certainly a priority.

If Egypt, which in the 2011-2013 period experienced internal crisis, and could rise by reforming the oil and gas sector, Indonesia could do the same. Moreover, there are no internal problems that make the national business atmosphere deteriorate. In the last 3 years, there have indeed been hundreds of policies cut to make the atmosphere of the national oil and gas investment more concise. At least nearly 200 policies in the energy and mineral resources sector were cut by the Ministry of Energy and Mineral Resources.

Seeing this, Tumbur admitted that the Ministry of Energy and Mineral Resources had carried out its main tasks and functions properly. However, in investing in Indonesia, licensing is not only entered in one ministry / institution.

"Regulatory trimming and simplification is important, but investors also need how long it will take to complete all that," he said.

 The President Joko Widodo 

With the many permits needed, the command of the Head of State is important. President Joko Widodo needs to take a stand and ensure that his assistants simplify the flow of upstream oil and gas investment. How can I not, the government's anxiety about the oil and gas balance deficit, especially coupled with the weakening rupiah exchange rate against the US dollar, has become a challenge for policy makers.

It must be admitted, indeed for the past 4 years, discussions in an effort to encourage the ease of investment in upstream oil and gas are minimal. Moreover, by providing a red carpet for upstream oil and gas investors to enter. The government's success encourages equal distribution of infrastructure or rolling out village funds, seems to be able to be implemented in the upstream oil and gas sector.

The President needs to intervene directly, supervise and look for solutions to make it easier for investors to carry out exploration in the country. It's time for Jokowi to enter the upstream oil and gas sector. The direct intervention of the President in the upstream oil and gas sector is considered necessary considering that the government does not have sufficient budget to carry out exploration or study in the search for oil and gas reserves in open areas.

IN INDONESIAN

Saatnya Jokowi Mulai Blusukan ke Sektor Hulu Migas

Eni S.p.A., perusahaan minyak dan gas bumi dari Italia, bisa dibilang menjadi perusahaan migas yang ketiban durian runtuh pada 4 tahun lalu, yaitu pada 2015. Setelah memulai kegiatan eksplorasi migas di Laut Mediterania pada 2015, perusahaan asal Italia itu akhirnya menemukan cadangan gas bumi sebanyak 30 triliun kaki kubik (trillion cubic feet/tcf) atau setara dengan 5,5 miliar barel ekuivalen minyak (barrel oil of equivalent/boe).

Setelah menemukan cadangan migas di Lapangan Zohr pada Agustus 2015, Eni  langsung mengajukan rencana investasi untuk pengembangan lapangan yang disebut memiliki cadangan raksasa tersebut. Dalam waktu sekitar 6 bulan, yaitu sampai Februari 2016, Eni sudah mendapatkan kepastian dari otoritas migas di Mesir untuk dapat melanjutkan temuan cadangan tersebut ke tahap eksploitasi atau produksi.

Dari keberhasilan Eni dan BP di Mesir, tidak bisa disangkal bahwa dukungan pemerintah, menjadi faktor penentu investor masuk dan mencari potensi cadangan migas. Bisa dibayangkan, besarnya dampak yang dihasilkan ketika lapangan migas sekelas Zohr di temukan di wilayah Indonesia. Ekspor gas bumi akan bertambah sehingga meningkatkan devisa negara. 

Hal itu akan mengurangi defisit neraca migas yang ramai diperbincangkan akhir-akhir ini ketika nilai tukar rupiah melemah terhadap dolar Amerika Serikat. Setidaknya, penemuan cadangan gas bumi itu akan mengurangi defisit neraca perdagangan migas dalam beberapa tahun depan, yaitu setelah lapangan migas mulai masuk tahap produksi.

Pemerintah Indonesia perlu meniru keberhasilan Pemerintah Mesir yang mendukung sepenuhnya investor hulu migas ketika menemukan potensi cadangan minyak dan gas bumi skala besar di Lapangan Zohr. Sejak 2003, Indonesia resmi menjadi importir minyak karena produksi dalam negeri tidak dapat memenuhi konsumsi bahan bakar minyak (BBM) di Tanah Air. 

Bahkan, defisit perdagangan migas terus membesar. Hal itu disebabkan oleh tren penurunan produksi minyak (lifting), sedangkan tren konsumsi BBM terus naik seiring dengan pertumbuhan ekonomi. Dengan pertumbuhan ekonomi rerata 5% per tahun, konsumsi BBM pun ikut meningkat. Berdasarkan beberapa survei, setiap 1% pertumbuhan ekonomi, permintaan energi akan meningkat  1,5%.

Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) memperkirakan bahwa lifting minyak tinggal 281.000 barel per hari (bph) pada 2030. Namun, dengan metode teknologi produksi minyak lanjutan (enhance oil recovery/EOR), lifting minyak diperkirakan mampu bertahan di kisaran 520.000 bph pada 2030.

Amien Sunaryadi, dalam sambutan perpisahan sebagai Kepala SKK Migas, mengungkapkan bahwa defisit neraca migas akan semakin lebar pada tahun-tahun mendatang. Satu-satunya solusi untuk menahan peningkatan defisit neraca migas itu dengan melakukan eskplorasi migas dan menemukan lapangan skala besar.

PERKUAT HULU

Presiden Indonesian Petroleum Association (IPA) Tumbur Parlindungan mengatakan bahwa kebangkitan hulu migas nasional akan memberikan dampak ganda untuk perekonomian. Tidak sekadar bicara tentang meningkatnya pemasukan negara, tetapi keperkasaan hulu migas suatu negara menjadi faktor pendorong perekonomian. 

“Begitu hulu migas kuat, industri petrokimia lebih mandiri, industri pendukung bertumbuh dan yang lainnya muncul."

Menurutnya, potensi kandungan di bawah permukaan (subsurface) migas di Tanah Air tetap menjanjikan, tetapi perlu didukung dengan peningkatan daya saing hulu migas nasional. Dalam perspektif investor migas yang tidak hanya fokus di salah satu regional, hitung-hitungan balik modal

dan laba tentu menjadi prioritas.

Jika Mesir yang dalam kurun waktu 2011-2013 mengalami ktisis internal, dan dapat bangkit dengan melakukan reformasi di sektor migas, Indonesia pun dapat melakukan hal serupa. Apalagi tidak ada permasalahan internal yang membuat atmosfer bisnis nasional memburuk. Dalam 3 tahun terakhir, memang sudah ada ratusan kebijakan dipotong untuk membuat atmosfer investasi migas nasional lebih ringkas. Setidaknya nyaris sebanyak 200 kebijakan di sektor energi dan sumber daya mineral dipotong oleh Kementerian ESDM.

Melihat hal tersebut, Tumbur mengaku bahwa Kementerian ESDM sudah menjalankan tugas pokok dan fungsinya dengan baik. Namun, dalam berinvestasi di Indonesia, perizinan tidak hanya masuk di satu kementerian/lembaga saja. 

“Pemangkasan dan penyederhanaan regulasil menjadi penting, tetapi investor juga memerlukan berapa lama waktu yang diperlukan untuk menyelesaikan semua itu,” tuturnya.

Dengan banyaknya perizinan yang diperlukan, komando Kepala Negara menjadi penting. Presiden Joko Widodo perlu mengambil sikap dan memastikan bahwa para asistennya mempermudah arus investasi hulu migas. Bagaimana tidak, kegamangan pemeritah melihat defisit neraca migas, apalagi ditambah dengan kondisi melemahnya nilai tukar rupiah terhadap dolar Amerika Serikat, menjadi tantangan tersendiri bagi pemangku kebijakan.

Harus diakui, memang selama 4 tahun ke belakang, pembahasan dalam upaya mendorong kemudahan investasi hulu migas minim dikemukakan. Apalagi, dengan memberikan karpet merah bagi investor hulu migas untuk masuk. Kesuksesan pemerintah mendorong pemerataan infrastruktur ataupun menggulirkan dana desa, sepertinya dapat diimplementasikan di sektor hulu migas. 

Presiden perlu turun tangan langsung, mengawasi dan mencari solusi untuk memudahkan investor melakukan eksplorasi di Tanah Air. Saatnya, Jokowi masuk ke sektor hulu migas. Campur tangan langsung Presiden di sektor hulu migas dinilai perlu mengingat pemerintah tidak memiliki anggaran yang cukup untuk melakukan eksplorasi atau studi pencarian cadangan migas di wilayah terbuka.

Bisnis Indonesia, Page-24, Monday, Dec 17, 2018