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Showing posts with label ExxonMobil. Show all posts
Showing posts with label ExxonMobil. Show all posts

Thursday, May 27, 2021

Drilling for the Rokan block continues

 


    PT Chevron Pacific Indonesia and PT Pertamina Hulu Rokan (PHR) continue to target drilling 192 wells in Block Rokan Riau this year.

    In particular, PT Chevron Pacific Indonesia (CPI) has drilled 55 wells in the production rate containment activities in the Rokan Block which will be transferred to PT Pertamina Hulu Rokan (PHR) in August 2021.

    Managing Director of Chevron Indo Asia Business Unit & President Director of PT Chevron Pacific Indonesia Albert Simanjuntak explained that the drilling program in the Rokan Block is continuing to maintain production levels.

    Since starting at the end of December 2020, according to him, PT CPI has successfully drilled 55 wells, including 11 conversion wells, by operating six drilling rigs and one conversion rig.

    The process of procuring additional rigs is underway to meet the target of drilling 192 wells in the Rokan Block by 2021.

Blogger Agus Purnomo in SKK Migas

"We continue to coordinate intensively with SKK Migas and PHR so that the drilling program can run as expected. The collaboration is very solid because all parties have the same passion and commitment, ”he said in a statement on Monday (17/5).

    For the termination process, CPI has completed the PSC provisional checklist termination document on February 25, 2021. It has reached 81% for asset reporting, with approximately 109,000 assets that have been physically inspected and reported. The closure of project reports reached 70% or around 2,940 reports that have been completed.

    Currently, the process of verification and validation (V&V) of exploration and exploitation data of the Rokan Block is underway by the Center for Data and Information Technology (Pusdatin) ESDM and SKK Migas as part of monitoring.

    The V&V process was carried out on approximately 1 million items of printed documents, magnetic and optical media, and rock samples. The process is expected to be completed this month.

“The CPI team continues to work hard to realize a safe, reliable, and smooth termination and transition process. The Rokan block is a strategic asset that is important for state and regional revenues, the community's economy, and national energy security, "he said.

    Albert said the CPI is also trying to ensure the readiness of its employees. Meanwhile, CPI has submitted all personnel and organizational data to SKK Migas.

    

the Rokan Block

    Along with the transfer of management of the Rokan Block, almost all CPI employees will change their employment status to the new operator.

    In preparing its employees, CPI has prepared organizational capabilities, held various communication forums and debriefing programs. The provisioning program includes technical preparation for transitions, positive mental development in facing change to financial management.

    According to him, the Rokan Block's solid performance so far cannot be separated from the human resource factor behind it, namely employees with built-in expertise, culture, and work ethic.

"We are optimistic that they will be able to maintain the performance of the Rokan Block and can contribute significantly to new companies," said Albert.

    Reforminer Institute founder Pri Agung Rakhmanto asked that all preparations for the transition period of the Rokan Block must be matured so that later it does not interfere with production operations.

    At least, three crucial points need to be considered during the transition period for managing the Rokan Block. First, related to legal issues that must be resolved.

"Of course everything related to the legal basis must be completed because this is the basis for everything. In this regard, I think the process is relatively smooth, ”he told Bisnis.

    Second, things related to operational activities must be ensured that they continue to run well. He explained that production operations must continue and continue without any vacancies.

    Third, related to management. During the transition period, it is necessary to ensure that the new management can ensure that operations can continue to run smoothly and can manage properly in maintaining the level of investment, reserves, and ultimately production.

    According to him, finding partners by PHR, a subsidiary of PT Pertamina to work on the block, is a management problem.

"Later the new management will and need to assess all of it," he said.


NEED TO PARTNER

    Executive Director of the National Oil and Gas Companies Association (Aspermigas) Moshe Rizal explained that the most crucial thing in managing the Rokan Block is how Pertamina gets a strong partner with strong funding and operational capabilities, as well as strong technology.

    With great responsibility to oil and gas fields throughout Indonesia, he added, Pertamina's capacity is limited. This limitation can be seen in terms of funds and operational capabilities. To maximize production, he suggested that Pertamina should not work on the Rokan Block itself.

    He argues that there needs to be aware of its capacity and put aside political egos in the national interest so that the block is not in the same boat as the Mahakam Block, which has experienced a decline in production after being transferred to Pertamina.

"Must be willing to cooperate in terms of operations, at least joint operatorship, and perhaps also offer most of the PI," he explained.

Basuki Tjahaja Purnama AKA Ahok

    Previously, Pertamina President Commissioner Basuki Tjahaja Purnama was reviewing several oil and gas fields owned by the company to be used as a reference in managing the Rokan Block.

    The man who is familiarly called Ahok revealed that his party did not want to make the Rokan Block's fate when it was transferred to management, not to experience a decline in production as happened in the Mahakam Block.

The Cepu Block Exxonmobil

    Previously, Ahok visited Cepu Block, East Java to compare oil and gas blocks managed in collaboration with strategic partners with oil and gas blocks that are managed independently.

"Why can Banyu Urip become the pride of Indonesia's oil field with low production costs? Is it because Pertamina is only 45% and Exxon as a partner has excellent management and technology? They train and transfer technology very well for our nation, ”he said recently.

    Ahok said that Banyu Urip's field performance was considered very good. This is evidenced by the absence of oil spills of more than 1 barrel of oil and no lost time incidents since February 2016, and uptime of over 99% with production costs below the US $ 2 per barrel.

    According to Ahok, the results of the study from the Banyu Urip field will be implemented in the Rokan Block field and other oil and gas blocks managed by Pertamina. However, Ahok was reluctant to reveal the potential partners for the Rokan Block.

"We do not want the Wells blocks taken by Pertamina, such as the incident in Mahakam, not to be repeated in Rokan. Do it yourself, if not better, there must be a solution, "he said.

Bisnis Indonesia, page-4, Tuesday, May 18, 2021

Friday, April 16, 2021

Pertamina Remains Resilient

 


    PT Pertamina (Persero) became one of the few global oil and gas companies that were able to score a net profit throughout 2020. Last year, Pertamina was able to reverse its loss position in the first semester of 2020. Profits from the Indonesian government-owned oil company are said to reach Rp. 14 trillion at the end of the year.

Nicke Widyawati

"Efforts are being made to increase the productivity of upstream oil and gas and refineries, as well as efficiency in all fields, namely cutting the Opex by 30% and prioritizing the investment budget," said Pertamina President Director Nicke Widyawati.

    A number of global oil and gas companies have experienced different conditions. Over the past year, Shell recorded a loss of US $ 21.68 billion or around Rp 303 trillion, Exxonmobil US $ 22.44 billion or around Rp 314 trillion, Chevron US $ 5.5 billion or around Rp 77 trillion, BP US $ 20, 3 billion or around Rp. 284 trillion, and Petronas 21 billion ringgit or around Rp. 73.5 trillion.

    Meanwhile, Petrobras earned a profit of US $ 1.1 billion or around Rp 15 trillion, while Pertamina is claimed to have earned a profit of US $ 1 billion or around Rp 14 trillion over the past year. 

    ExxonMobil CEO Darren Woods said last year, the company was facing market conditions that were more challenging than they had experienced before. The effects of the Covid-19 pandemic will significantly affect performance results in 2020.

"We are responding decisively to fixing our fee structure permanently," he said.

    Chevron CEO Mike Wirth said that when market conditions deteriorated last year, his side quickly cut capital spending by 35% from 2019 and lowered operating costs. In 2020, Chevron will also increase renewable energy production and increase investment in low-carbon technology. 

    Energy Watch Executive Director Mamit Setiawan assessed that last year was a grim period for the global oil and gas industry, including at home, due to pressure from the Covid-19 pandemic.

Bisnis Indonesia, Page-4, Wednesday,  March 17, 2021

Wednesday, August 5, 2020

Global Oil and Gas Company Tighten the Belt



Concerning a compact global oil and gas company increasing efficiency, matching the weakening world oil prices, oversupply, and weak commodity demand in the world due to the Covid-19 pandemic. Based on the official report of ExxonMobil Corporation, the company in the second quarter of 2020 cut capital expenditure to the US $ 5.3 billion, lower the US $ 2 billion for capital expenditure in the first quarter / 2020.



This year ExxonMobil cut investment costs from the US $ 33 billion to the US $ 23 billion in accordance with increased efficiency, lower commodity prices, and faster project rates. Not only that, but savings were also made for the company's operational costs which could be increased by 15% because it was approved by the activities and volume reduction.

"The Covid-19 pandemic has an impact on the company's finances and operations which has led to an increase in the cost of capital and operating cash than agreed," as released by the management.



Not much different, Chevron Corporation also decided to be more efficient in overcoming the condition of the upstream oil and gas industry which has not improved. Chevron Corporation CEO Michael K. Wirth said that in response to the severe upstream oil and gas conditions, his side reduced the capital expenditure budget and cut operational costs this year.

Michael K. Wirth

In the second quarter / 2020, Chevron only realized capital expenditure of the US $ 3 billion or 40% below its quarterly budget. For this year, Chevron revised its capital expenditure to purchase the US $ 14 billion. Meanwhile, operating costs in the II / 2020 quarter were realized at a value of US $ 7.1 billion, an increase of 13% compared to the II / 2020 quarter.

"While there are no signs of improvement in demand and commodity prices at pre-pandemic levels, financial results may continue to be depressed until the first quarter of 2020," he explained.

Related to the efficiency efforts, Teaching Staff of Trisakti University Pri Agung Rakhmanto rate, the efficiency assessment conducted by global oil and gas companies will be increased in upstream oil and gas projects in the country. According to him, the economic level of the project is an important factor for investors to continue the upstream oil and gas project in Indonesia.

Are projects in Indonesia included in the priority rankings of their global portfolio or not? But it should indeed be changed. Because generally, it has been quite a long time, our upstream oil and gas are not very attractive, "he said.



He added, oil and gas companies at the mayor level such as Shell and Chevron will issue investments based on the rankings of global investment portfolio companies in accordance with their competitive level. In addition, the projects approved by the projects undertaken are not included in the company's economic standards or portfolio ratings, so there is a great chance of being accepted.

If our upstream oil and gas projects are less competitive or economically disadvantaged with their projects in other countries, then of course they will eventually withdraw from their projects in Indonesia, "Pri said.

Cameron Van Ast

To note, Shell and Chevron are also known to change their investment portfolios in the oil and gas sector in the world, including for projects in Indonesia. Chevron Asia Pacific External Affairs Advisor Cameron Van Ast said it was giving a signal to release its participation in the IDD project. 

the IDD project Chevron

He revealed the plan had been reviewed since early 2020 and was not related to the acquisition of Noble Energy shares on July 20, 2020.

Dwi Soetjipto

SKK Migas Head Dwi Soetjipto previously revealed that the upstream oil and gas investment trend in the world this year is projected to fall by around 30% to the US $ 228 billion from the initial target in 2020, valued at the US $ 325 billion.

Bisnis Indonesia, Page-4, Wednesday, August 5, 2020

Monday, May 18, 2020

The government is advised to invite oil and gas junior companies



The government is advised to invite junior companies (small companies) that focus on oil and gas exploration activities. This is because the discovery of significant oil and gas reserves is the key to achieving the target of producing 1 million barrels of oil per day (BPD) by 2030. 

       Practitioners of Oil and Gas Tumbur Parlindungan revealed that large oil and gas companies rarely voluntarily disburse large funds for large-scale exploration activities. This can be seen from the lack of large oil and gas companies participating in the management of new oil and gas blocks through auctions held by the government.

For this reason, he advised the government to invite junior companies to look for potential oil and gas reserves in the country. This is because, in the world, junior companies usually focus on finding oil and gas reserves to be sold to large oil and gas companies. He gave an example, the discovery of large gas at Tangguh was actually carried out by Arco. However, BP, which is now the operator there, acquired the company.



"We need to invite small companies but want to take exploration risks. We need pioneers who want to drill, we need players who want to play exploration, big companies focus above 100 million barrels and above, "said Tumbur.

According to him, data on oil and gas reserves owned by Indonesia are currently difficult to compete with other regions. At present, large oil and gas companies are actually targeting Africa, which has proven oil and gas reserves in large quantities. This will only happen in Indonesia if there are 11 proven huge oil and gas reserves.

"The company will come if the reserves are proven large," said Tumbur.



Tumbur explained, large companies such as Shell, Chevron, Exxon, and Total would not be interested in oil and gas reserves whose volumes were less than 100 million barrels of oil equivalent. 



Furthermore, companies such as HESS, ConocoPhillips, and National Oil Company (NOC) such as Petronas, PTTEP Thailand, Repsol, will only glance at one area if the reserves are more than 50 million barrels of oil equivalent. 



In fact, he continued, the flow of foreign investment funds is very important so that exploration activities can run massively in Indonesia.

Blogger Agus Purnomo in Petronas PC Ketapang

"We see that our oil and gas block auction is not very large, so it will not be in demand by large companies," he said.

Repsol

On the other hand, the success of finding oil and gas reserves (success ratio) in Indonesia is still less than 50%. This could also be an obstacle to achieving the 1 million BPD oil production target. He gave an example, the findings of oil and gas in Ande-Ande Lumut could be one of the big findings, but the problem of monetization and the use of technology could hamper its development.

Referring to the data of the Ministry of Energy and Mineral Resources (ESDM), the number of the signing of production sharing contracts (PSCs) from oil and gas block auction results has been relatively low since 2015. In 2015, the government signed 8 PSCs. But afterward, although the auction was still held, in 2016-2017, not a single PSC was signed. Furthermore, as many as 11 PSCs were signed in 2018 and 6 PSCs last year. In fact, the signing of the PSC in Indonesia touched 26 contracts in 2011.

Inline, the realization of national oil and gas exploration investment has also been relatively low since 2015. In 2015, the realization of exploration investment was recorded to still reach the US $ 970 million. However, this exploration investment continues to decline to the US $ 916.2 million in 2016, US $ 576.55 million in 2017, and rose to the US $ 786.18 million in 2018. In fact, exploration investment in Indonesia once touched the US $ 3, 05 billion in 2013.

Must be planned

Another strategy from the government to reach the target of 1 million BPD is through enhanced oil recovery (EOR) activities. According to Tumbur, this EOR activity must be planned from the beginning in the development of an oil and gas block. The reason is that EOR activities will not be effective and will require large costs if they are only carried out when the oil and gas reserves of an oil and gas block are almost gone.

"During the decline, the energy strategy has been lost. If it was only EOR at that time, the cost was more expensive. EOR continues improvement, there are pilots from the start. If it's already [production] road it's difficult to run, "said Tumbur.

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) once made an additional projection of oil production from EOR activities. Referring to the projection, the newly initiated EOR activities can significantly increase oil production starting in 2025. Referring to the data, national oil production is projected to only be 281 thousand BPD by 2030 if no EOR activities are carried out. However, if the EOR is successfully implemented, oil production can be bent to 520 thousand BPD that year.



However, at present, the EOR activities are still in the pilot phase. PT Pertamina (Persero) through Pertamina EP has implemented EOR in Tanjung Field. The company has also signed the points of understanding between Pertamina and Repsol for full-scale management, including the implementation of surfactant-polymer EOR. In the Jirak and Rantau Fields, Pertamina is conducting a study of the application of surfactant chemicals for the implementation of EOR in both fields.



Furthermore, related to CO2 flooding, Pertamina is currently conducting studies in several fields, namely Jatibarang, Sukowati, and Ramba. Pertamina also expanded this EOR activity to the oil and gas block managed by PT Pertamina Hulu Energi (PHE), namely in the North West Java Offshore Block, precisely in the Zulu Field and E-Main. In addition, in the near future the Batang field, which is operated by PHE Siak, will be an EOR steam flooding pilot project.

Investor Daily, Page-9, Thursday, May 9, 2020

Tuesday, February 25, 2020

Cepu Block EIA Revision Will Be Completed Soon



The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) is optimistic that the revision of the Cepu Block Environmental Impact Analysis (EIA/Amdal) will be completed soon. Environmental Impact Analysis revision is needed so that oil production from the Cepu Block can be increased to 235 thousand barrels per day (BPD).

Deputy Head of SKK Migas Fatar Yami Abdullah said the local government's response to the proposed revision of the Cepu Block Environmental Impact Analysis was very good. Now the proposed Amdal revision of Exxon Mobil Cepu Limited (EMCL) has been fully discussed at the local government level.

the Cepu Block Exxon Mobil Cepu Limited (EMCL)

The Head of SKK Migas Dwi Soetjipto explained that Exxon Mobil had conducted a trial and the results of the Cepu Block production facility were stated to be able to produce oil up to 235 thousand BPD in safe conditions. 

     However, the increase in production of the Cepu Block is still awaiting approval of the revised environmental impact analysis (EIA). Because the current EIA only lists a maximum production of 220 thousand BPD.

As long as the Environmental Impact Analysis revision approval has not yet been obtained, oil production from the Banyu Urip Field had to be reduced due to the operation of the Kedung Keris Field. 

    This is so that operations in the Cepu Block do not violate the existing EIA. Oil production from the two fields can only be optimized after the new AMDAL is approved. So it cannot ascertain when the Kedung Keris Field reaches peak production.

Azi N Alam

Vice President of Public and Government Affairs of Exxon Mobil Indonesia Azi N Alam stated that his office continues to seek approval for the revision of the Cepu Block Environmental Impact Analysis. He continued to coordinate with the Ministry of Energy and Mineral Resources, SKK Migas, Ministry of Environment and Forestry (KLHK), and the Bojonegoro Regency Government.

the Cepu Block Field

The problem of the revision of the Cepu Block EIA which was not immediately approved by the Bojonegoro Regency Government was raised in a meeting of the House of Representatives Commission VII with the Cooperation Contract Contractor (KKKS). Not only that the Minister of Energy and Mineral Resources Arifin Tasrif previously also highlighted the problem of the slow approval of this Amdal revision.

Arifin explained that the Cepu Block has an important role in increasing national oil lifting. Moreover, President Joko Widodo is tasked with increasing national oil and gas lifting. Therefore the EIA approval process is a way to increase national oil lifting considering the Cepu Block contributes 30% of the national lifting.

In 2020, the national oil and gas lifting was set at 1.95 million boepd, up slightly from last year's realization of 1.8 million boepd. Specifically, oil production rose to 755 thousand BPD and the realization of 746 thousand BPD and gas to 1.19 million boepd from the realization of 1.06 million boepd.

Investor Daily, Page-9, Monday, Feb 24, 2020

Thursday, February 13, 2020

Cepu Block EIA Revision Still Encountered Dead End



The government is targeting the production of 1 million barrels of oil per day in 2025. To pursue this target, the government wants to increase the production of the Cepu Block. 



    Based on SKK Migas data, oil and gas lifting until 30 December 2019 reached 1.79 million barrels of oil equivalent per day (boepd). The realization is only equivalent to 88.6396 of the target of oil and gas lifting in the 2019 State Expenditure Budget (APBN) of 2 million boepd.



This year, the government is targeting oil lifting to reach 755,000 barrels per day (bopd) and 1.19 million boepd of natural gas. As a result, the total oil and gas lifting target throughout 2020 reached 1.95 million boepd. SKK Migas hopes that ExxonMobil Cepu Limited (EMCL) as an operator in the Cepu Block can immediately spur production. It's just that this effort is still hampered by the revision of the Environmental Impact Analysis (EIA) that has not yet been issued by the Bojonegoro Regency Government.

SKK Migas Deputy for Operations Julius Wiratno said, to date the process is still ongoing between the relevant ministries and the regional government.

"It's being worked on by the Ministry of Environment and Forestry (KLHK) which will invite the Amdal commission meeting," he said.

Dwi Soetjipto

Nevertheless, Julius was not sure when the meeting would take place. Not much different, the Head of SKK Migas Dwi Soetjipto stated until now the process of revision of the Cepu Block Environmental Impact Assessment is still ongoing.

"Yes, we are in the process, we have met several times," he said.

PT ExxonMobil Cepu Ltd (EMCL) successfully recorded an annual oil production of 218,000 bopd at the Banyu Urip field last year, this amount is equivalent to 29% of the total national oil production.

Louise McKenzie

ExxonMobil Cepu President Director Louise McKenzie said, Banyu Urip oil production last year had met the number of produced reserves in accordance with the plan of development (POD) of 357 million barrels. Louise McKenzie also admitted, the produced reserves from Banyu Urip have been renewed and could reach 940 million barrels.

ExxonMobil Cepu (EMCL) also hopes to increase and maintain oil production in the Banyu Urip Field in the range of 220,000 bopd in 2020. This is in view of ExxonMobil Cepu's status as one of the main pillars of oil production in Indonesia.

"We are trying to create prudent reservoir management to ensure production is maintained," McKenzie said.

the Jambaran Tiung Biru Project

The approval process for the Amdal revision was held in the Bojonegoro Regional Government. This is because the arrest of the Amdal revision approval was also accompanied by other requests by the Regional Government, including a gas request of 30 MMscfd from the Jambaran Tiung Biru Project.

IN INDONESIA

Revisi Amdal Blok Cepu Masih Menemui Jalan Buntu

Pemerintah menargetkan produksi 1 juta barel minyak per hari pada tahun 2025 mendatang. Untuk mengejar target tersebut, pemerintah ingin meningkatkan produksi Blok Cepu. Berdasarkan data SKK Migas, lifting migas hingga 30 Desember 2019 mencapai 1,79juta barel setara minyak per hari (boepd). Realisasi tersebut hanya setara 88,6396 dari target hfting migas dalam Anggaran Pendapatan Belanja Negara (APBN) 2019 yang sebesar 2 juta boepd. 

Pada tahun ini, pemerintah menargetlkan lifting minyak mencapai 755.000 barel per hari (bopd) dan gas bumi 1,19juta boepd. Alhasil, total target lifting migas di sepanjang 2020 mencapai 1,95 juta boepd. SKK Migas berharap, ExxonMobil Cepu Limited (EMCL) sebagai operator di Blok Cepu bisa segera memacu produksi. Hanya saja upaya ini masih terganjal revisi Analisis Mengenai Dampak Lingkungan (Amdal) yang belum terbit dari Pemerintah Kabupaten Bojonegoro.

Deputi Operasi SKK Migas Julius Wiratno mengatakan, hingga saat ini proses tersebut masih berlangsung di antara kementerian terkait dan pemerintah daerah. 

“Sedang diusahakan oleh Kementerian Lingkungan Hidup dan Kehutanan (KLHK) yang akan mengundang untuk rapat komisi Amdal," ujarnya.

Kendati demikian, Julius belum bisa memastikan kapan pertemuan itu akan terealisasi. Tidak jauh berbeda, Kepala SKK Migas Dwi Soetjipto menyatakan, hingga kini proses revisi Amdal Blok Cepu masih berlangsung. 

"Ya, sedang berproses, kami sudah bertemu beberapa kali,” ujar dia.

PT ExxonMobil Cepu Ltd (EMCL) berhasil mencatatkan produksi minyak tahunan sebesar 218.000 bopd di Lapangan Banyu Urip pada tahun lalu jumlah ini setara dengan 29% dari total produksi minyak secara nasional. 

Presiden Direktur ExxonMobil Cepu Louise McKenzie menyebutkan, produksi minyak Banyu Urip tahun lalu sudah memenuhi angka cadangan terprodulsi sesuai plan of development (POD) yakni 357 juta barel. Louise McKenzie pun mengaku, cadangan terproduksi dari Banyu Urip sudah diperbarui dan bisa mencapai 940 juta barel.

ExxonMobil Cepu (EMCL) pun berharap dapat meningkatkan sekaligus mempertahankan produksi minyak di Lapangan Banyu Urip di kisaran 220.000 bopd di tahun 2020. Ini mengingat status ExxonMobil Cepu sebagai salah satu tumpuan utama produksi minyak di Indonesia. 

"Kami berusaha menciptakan manajemen reservoir yang prudent untuk memastikan produksi tetap terjaga," kata McKenzie.

Proses persetujuan revisi Amdal ini tertahan di Pemerintah Daerah Bojonegoro. Pasalnya, penahanan persetujuan revisi Amdal juga disertai permintaan lain oleh Pemerintah Daerah, termasuk permintaan gas sebesar 30 MMscfd dari Proyek Jambaran Tiung Biru.

Kontan, Page-14, Wednesday, Feb 12, 2020

PGN Targeting the International LNG Market Up to 34 Cargoes /Year



PT Perusahaan Gas Negara (PGN) Tbk is developing a commitment to sell liquefied natural gas / LNG on the international market to 34 cargoes per year. Not only selling LNG, but PGN will also work on gas infrastructure projects in other countries.

PGN's Managing Director Gigih Prakoso revealed, with his ability in the field of LNG and gas infrastructure, his side began to develop the international LNG sales business. This is to optimize domestic and international LNG portfolios owned by Pertamina Group and PGN. Based on PGN data, there is at least a market potential of up to 34 cargoes per year that the company will work on.

"Namely Myanmar 9 cargoes per year for 5-7 years starting in 2021, the Philippines 18 cargoes per year for 2023-2043, China 6-7 cargoes per year, and Japan 1-2 cargoes and Europe 1-1 cargoes in 2020," said he was in a meeting with Commission VII of the House of Representatives.

Sinopec

So far, PGN has had a gas sale and purchase agreement (PJBG) with Sinopec, an oil and gas company from China, at the end of last year. Under this agreement, PGN will start shipping LNG to China starting this year around 6 cargoes. 

     While with other countries, PGN's Director of Business Strategy and Development Syahrial Muktar added, no binding agreement had been signed. So far, it has only received an initial commitment to supply LNG needs and build infrastructure in certain countries.

"For trading, we have made some initial commitments with several countries. We just talked about volume, about the price of adjusting existing developments, "he explained.

According to him, PGN focused on working on the LNG market in the Asian region, particularly Southeast Asia and South Asia. This is because LNG needs in this region are smaller in scale, both in terms of the volume and capacity of the required gas infrastructure. With the Arun LNG Terminal, he is optimistic that it can meet the needs of this small scale LNG.

"We made our location in Arun for the LNG Hub. Later we will bring [large LNG supplies] there, we transfer them to smaller vessels, then we will carry them for supply, "Syahrial said.

Specifically, in the Philippines, PGN will provide LNG supplies as well as build its infrastructure. Therefore, he projects that the LNG sales contract to the Philippines will be quite long. Originally, sales to the Philippines could begin in 2024 along with the completion of infrastructure development.

"There are stages. This year we have started the FID (final investment decision). We are currently working on the Joint Development Agreement, we cannot share the details, "he said.

Facilities to be worked on include LNG receiving, storing and regasification terminals. While the market potential in Myanmar, Europe, and Japan, PGN said he would only sell LNG. Syahrial added it was eyeing opportunities in Europe to optimize gas production from its oil and gas fields in the United States, namely the Fasken Field.

"For this year, the plan is up to 6 cargoes, some to China and Europe," he said.

However, he admitted that there would be a delay in the shipment of LNG to China following the Corona Virus.

Need support

Gigih added, his party expected the support of the government and the House of Representatives to support the monetization of the domestic gas field and optimize the LNG portfolio. He hopes PGN is supported to play a role in the LNG seller representative to market domestic gas. Then, the company also hopes to be trusted as a bidder for the auction of LNG spots for export destinations run by domestic oil and gas producers.

"Then, we hope to be supported by being able to run the domestic LNG business and international initiation as a global LNG player," he said.

Syahrial added the development of the LNG sales business will not collide with plans to open LNG imports. According to him, LNG imports can be done when prices in the spot market drop significantly so that they can be used to improve the domestic price structure.

"So it is not a long-term import, more to the spot, utilizing cheap external market conditions. But it is still the government that determines it, "he explained.

Cheniere Energy Inc.

Based on Investor Daily's notes, Pertamina had previously signed three LNG import contracts. Pertamina has signed a gas sale and purchases agreement (PJBG) with a subsidiary of Cheniere Energy Inc., Corpus Christi Liquefaction Liability Company, to supply 0.76 million tons of LNG per year starting in 2019 for 20 years.

Pertamina has also contracted with Cheniere Energy with the same volume but started in 2018 with a duration of 20 years. Then, Pertamina has contracted with Woodside with a volume of around 0.6 million tons per year which could be increased to 1.1 million tons per year. Supply of 0.6 million tons per year began to be delivered in 2022-2034 and could be increased to 1.1 million tons per year in 2024-2038.



Finally, the company has ahead of agreement (HoA) with ExxonMobil to supply 1 million tons per year for 20 years starting in 2025. Pertamina has also signed a PJBG with Mozambique LNG 1 Company Pte Ltd for 1 million tons per year.

IN INDONESIA

PGN Incar Pasar LNG Internasional Hingga 34 Kargo/Tahun

PT Perusahaan Gas Negara (PGN) Tbk tengah mengembangkan komitmen penjualan gas alam cair/LNG di pasar internasional hingga 34 kargo per tahun. Tidak hanya menjual LNG, PGN juga akan mengerjakan proyek infrastruktur gas di negara lain.

Direktur Utama PGN Gigih Prakoso mengungkapkan, dengan kemampunan di bidang LNG dan infrastruktur gas, pihaknya mulai mengembangkan bisnis penjualan LNG internasional. Hal ini untuk mengoptimalisasi portofolio LNG dalam negeri maupun internasional yang dimiliki Pertamina Group dan PGN. Berdasarkan data PGN, setidaknya terdapat potensi pasar hingga 34 kargo per tahun yang akan digarap perusahaan.

“Yakni Myanmar 9 kargo per tahun selama 5-7 tahun mulai 2021, Filipina 18 kargo per tahun untuk 2023-2043, Tiongkok 6-7 kargo per tahun, serta Jepang 1-2 kargo dan Eropa 1-1 kargo di 2020,” kata dia dalam rapat dengan Komisi VII Dewan Perwakilan Rakyat.

Sejauh ini, PGN telah memiliki perjanjian jual beli gas (PJBG) dengan Sinopec, perusahaan migas asal Tiongkok, pada akhir tahun lalu. Berdasarkan kesepakatan ini, PGN akan mulai mengirimkan LNG ke Tiongkok mulai tahun ini sekitar 6 kargo. Sementara dengan negara lain, Direktur Strategi dan Pengembangan Bisnis PGN Syahrial Muktar menambahkan, belum ada perjanjian mengikat yang ditandatangani. Sejauh ini, pihaknya baru memperoleh komitmen awal untuk memasok kebutuhan LNG dan membangun infrastruktur di negara-negara tertentu.

“Untuk trading-nya, kami sudah ada beberapa komitmen awal dengan beberapa negara. Kami baru bicara volume, soal harga menyesuaikan perkembangan yang ada,” jelasnya.

Menurutnya, PGN fokus menggarap pasar LNG di region Asia, utamanya Asia Tenggara dan Asia Selatan. Hal ini lantaran kebutuhan LNG di wilayah ini lebih banyak dalam skala kecil, baik volume maupun kapasitas infrastruktur gas yang dibutuhkan. Dengan adanya Terminal LNG Arun, pihaknya optimis bisa memenuhi kebutuhan LNG skala kecil ini.

“Kami jadikan lokasi kami di Arun untuk LNG Hub. Nanti kami bawa [pasokan LNG] besar ke sana, kami pindahkan ke kapal lebih kecil baru kami bawa untuk suplai,” kata Syahrial.

Khusus di Filipina, PGN akan menyediakan pasokan LNG sekaligus membangun inrastrukturnya. Karenanya, pihaknya memproyeksikan kontrak penjualan LNG ke Filipina ini bakal cukup lama. Sedianya, penjualan ke Filipina bisa dimulai pada 2024 bersamaan selesainya pembangunan infrastruktur.

“Ini ada tahapan. Tahun ini sudah mulai FID-nya (final investment decision) kami sedang mengerjakan Joint Development Agreement-nya, belum bisa share detailnya,” ungkapnya.

Fasilitas yang akan dikerjakan meliputi terminal penerimaan, penyimpanan, dan regasifikasi LNG. Sementara potensi pasar di Myanmar, Eropa dan Jepang, PGN disebutnya hanya akan menjual LNG saja. Syahrial menambahkan, pihaknya mengincar peluang di Eropa guna mengoptimalkan produksi gas dari lapangan migasnya di Amerika Serikat, yakni Lapangan Fasken.

“Untuk tahun ini, rencananya sampai dengan 6 kargo, ada yang ke Tiongkok dan Eropa,” tutur dia.

Namun, diakuinya kemungkinan akan ada penundaan pengiriman LNG ke Tiongkok menyusul menyebarkan Virus Korona.

Butuh Dukungan

Gigih menambahkan, pihaknya mengharapkan adanya dukungan pemerintah dan DPR untuk mendukung monetisasi lapangan gas domesik dan melakukan optimalisasi portofolio LNG. Pihaknya berharap PGN didukung untuk berperan dalam LNG seller representantive untuk memasarkan gas domestik. Kemudian, perusahaan juga berharap dipercaya sebagai bidder untuk lelang spot LNG tujuan ekspor yang dijalankan oleh produsen migas dalam negeri.

“Kemudian, kami berharap didukung bisa menjalankan bisnis LNG domestik dan inisiasi internasional sebagai global LNG player,” tutur dia.

Syahrial menambahkan, pengembangan bisnis penjualan LNG tidak akan bertabrakan dengan rencana membuka impor LNG. Menurutnya, impor LNG dapat dilakukan ketika harga di pasar spot turun signifikan, sehingga dapat digunakan untuk memperbaiki struktur harga di dalam negeri.

“Jadi bukan impor jangka panjang, lebih ke spot, memanfaatkan kondisi pasar luar yang murah. Tetapi itu tetap pemerintah yang tentukan,” jelas dia.

Berdasarkan catatan Investor Daily, Pertamina sebelumnya telah meneken tiga kontrak impor LNG. Pertamina telah menandatangani perjanjian jual beli gas (PJBG) dengan anak usaha Cheniere Energy Inc yakni Corpus Christi Liquefaction Liability Company untuk memasok 0,76 juta ton per tahun LNG mulai 2019 selama 20 tahun. 

Pertamina juga sudah berkontrak dengan Cheniere Energy dengan volume yang sama namun dimulai pada 2018 dengan durasi 20 tahun. Kemudian, Pertamina telah berkontrak dengan Woodside dengan volume sekitar 0,6 juta ton per tahun yang bisa ditingkatkan menjadi 1,1 juta ton per tahun. Pasokan 0,6 juta ton per tahun mulai dikirim 2022-2034 dan bisa ditingkatkan menjadi 1,1 juta ton per tahun pada 2024-2038. 

Terakhir, perseroan memiliki kesepakatan (head of agreement/HoA) dengan ExxonMobil untuk pasokan sebanyak 1 juta ton per tahun selama 20 tahun mulai 2025. Pertamina juga telah meneken PJBG dengan Mozambique LNG 1 Company Pte Ltd sebesar 1 juta ton per tahun.

Investor Daily, Page-9, Wednesday, Feb 12, 2020