Getting Domestic Supply, Imports of Crude Oil will Decrease 3 Million Barrels Per Month

PT Pertamina (Persero) plans to import crude oil this year by around 3 million barrels per month from normal 11 million per month. Imports can be reduced because the company gets supplies of crude oil from domestic oil producers. 

     Senior Vice President of Integrated Supply Chain (ISC) Pertamina Hasto Wibowo said that he had an oil purchase agreement with a number of cooperation contract contractors (KKKS). The total additional domestic crude oil supply purchased by the company reaches 3.36 million per month or 112 thousand barrels per day (bpd). This additional domestic supply cut Pertamina's crude oil imports.

"It is reduced by around 3 million per month, usually roughly 11 million per month, now it is reduced to only 7-7.5 million per month," he said.

PT Chevron Pacific Indonesia

One of the KKKS who sold oil to Pertamina was PT Chevron Pacific Indonesia. The oil and gas company from the United States is also the biggest supplier of crude oil for the company. Of the total domestic supply of 3.3 million barrels per month, Chevron supplies up to around 2.5 million barrels per month.

According to Hasto, the purchase price of oil from Chevron is also very good.

"[Price] compromises, if it's more expensive than imports, I still import. Chevron is said to be too cheap or not, "he explained.

This additional supply of crude oil in the country is said to be profitable for Pertamina. The reason is that the company gets a supply of crude oil which is cheaper than imports, "Overall is good for the country," Hasto said.

Husky CNOOC Madura Ltd

Previously, Pertamina stated that there were 11 KKKS who had contracts to sell crude oil with their side. In detail, RH Petrogas Limited, PT SPR Langgak, PetroChina International Jabung Ltd, PT Bumi Siak Pusako, PT Chevron Pacific Indonesia, SAKA Pangkah Indonesia Ltd, PT Energi Mega Persada Tonga, Petronas Carigali Ketapang I Ltd, Husky CNOOC Madura Ltd, PT Energi Mega Persada Tbk, and PetroChina International (Bermuda) Ltd.

The sale of oil belonging to the KKKS to Pertamina was carried out after the ESDM Ministerial Regulation No. 42 of 2018 concerning the priority of petroleum utilization to fulfill domestic needs. 

     Article 2 of this regulation states that Pertamina and business entities holding petroleum processing business licenses must prioritize domestic oil supplies. For this reason, before planning imports, Pertamina and business entities must seek supplies from domestic contractors.

In the next article, the KKKS or its affiliates are obliged to offer part of their oil to Pertamina and / or business entities. The mechanism, referring to Article 4, is made no later than three months before the start of the export recommendation period for all volumes of petroleum in the contractor's part.

Furthermore, pertamina and / or business entities with contractors or affiliates must conduct negotiations in the normal manner of business. From the results of negotiations, in accordance with Article 5, Pertamina can directly appoint contractors to purchase oil from contractors.

"In direct appointment, Pertamina can enter into a 12-month long-term contract," said in paragraph 2 Article 5 Ministerial Regulation 42 / 2018. The results of the negotiations must be reported to the Directorate General of Oil and Gas.

Gasoline imports

While for imports of gasoline (gasoline), according to Hasto, it is relatively stable. This year, gasoline imports every month are around 9-10 million kiloliters (KL). Of this volume, Premium imports are very large, at 5.5-6 million barrels per month. However, Premium and Pertamax imports tend to change depending on domestic needs.

Imports of gasoline, he said, will rise when Pertamina carries out refineries. Because the refinery can be temporarily suspended when maintenance is carried out. However, the increase in imports due to this treatment is not too large.

"The shift (import) is not so much, indeed this January-February (treatment), the swing is at 1-1.5 million," Hasto said.

Meanwhile, related to Pertamina's oil rations from its oil and gas blocks in Iraq, it is said that it is no longer being distributed at overseas refineries and then brought to Indonesia. The West Qurna-1 oil production is entirely sold by Pertamina.

The West Qurna-1 oil production Iraq

"We are now in a position where there is no oil from abroad that is being redeemed anymore," he said

He explained, the company previously sent oil from Iraq to refineries owned by other companies abroad because the volume was very significant. Because, in addition to the production allotment, the company also had an oil allocation from the Iraqi authorities, the State Organization for Marketing Oil (SOMO). This was done by Pertamina in 2016-2017.

IN INDONESIAN

Mendapat Pasokan Domestik, Impor Minyak Mentah akan Turun 3 Juta Barel Per Bulan

PT Pertamina (Persero) merencanakan impor minyak mentah pada tahun ini akan terpangkas sekitar 3 juta barel per bulan dari normal 11 juta per bulan. Impor dapat dikurangi lantaran perseroan mendapat pasokan minyak mentah dari produsen minyak dalam negeri. 

    Senior Vice President Integrated Supply Chain (ISC) Pertamina Hasto Wibowo menuturkan, telah memiliki kesepakatan membeli minyak dengan sejumlah kontraktor kontrak kerja sama (KKKS). Total tambahan pasokan minyak mentah domestik yang dibeli perseroan ini mencapai 3,36 juta per bulan atau 112 ribu barel per hari (bph). Tambahan pasokan domestik ini memangkas impor minyak mentah Pertamina. 

“Berkurang sekitar 3 juta per bulan, biasanya kasarnya 11 juta per bulan, sekarang berkurang hanya 7-7,5 juta per bulan,” kata dia.

Salah satu KKKS yang menjual minyaknya kepada Pertamina adalah PT Chevron Pacific Indonesia. Perusahaan migas dari Amerika Serikat itu juga merupakan pemasok minyak mentah terbesar bagi perseroan. Dari total tambahan pasokan domestik 3,3 juta barel per bulan itu, Chevron memasok hingga sekitar 2,5 juta barel per bulan.

Menurut Hasto, harga beli minyak dari Chevron itu juga sangat bagus. 

“[Harga] kompromi, kalau lebih mahal dari impor, aku tetap impor. Chevron dikatakan terlalu murah juga tidak mau,” jelas dia. 

Tambahan pasokan minyak mentah dalam negeri ini disebutnya menguntungkan bagi Pertamina. Pasalnya, perseroan memperoleh pasokan minyak mentah yang lebih murah daripada impor, “Overall baik bagi negara,” kata Hasto.

Sebelumnya, Pertamina menyatakan terdapat 11 KKKS yang memiliki kontrak penjualan minyak mentah dengan pihaknya. Rincinya, RH Petrogas Limited, PT SPR Langgak, PetroChina International Jabung Ltd, PT Bumi Siak Pusako, PT Chevron Pacific Indonesia, SAKA Pangkah Indonesia Ltd, PT Energi Mega Persada Tonga, Petronas Carigali Ketapang I Ltd, Husky CNOOC Madura Ltd, PT Energi Mega Persada Tbk, serta PetroChina International (Bermuda) Ltd.

Penjualan minyak milik KKKS ke Pertamina dilakukan setelah adanya Peraturan Menteri ESDM No 42 Tahun 2018 tentang prioritas pemanfaatan minyak bumi untuk pemenuhan kebutuhan dalam negeri. 

    Pasal 2 regulasi  ini menyatakan, Pertamina dan badan usaha pemegang izin usaha pengolahan minyak bumi wajib mengutamakan pasokan minyak yang berasal dari dalam negeri. Untuk itu, sebelum merencanakan impor, Pertamina dan badan usaha wajib mencari pasokan dari kontraktor dalam negeri.

Di pasal berikutnya, KKKS atau afiliasinya diwajibkan menawarkan minyak bagiannya kepada Pertamina dan atau badan usaha. Mekanismenya, mengacu Pasal 4, penawaran dilakukan paling lambat tiga bulan sebelum dimulainya periode rekomendasi ekspor untuk seluruh volume minyak bumi bagian kontraktor.

Selanjutnya, pertamina dan atau badan usaha dengan kontraktor atau afiliasinya wajib melakukan negosiasi secara kelaziman bisnis. Dari hasil negosiasi, sesuai Pasal 5, Pertamina dapat melakukan penunjukkan langsung kontraktor untuk pembelian minyak bagian kontraktor.

“Pada penunjukkan langsung, Pertamina dapat mengadakan kontrak jangka panjang selama 12 bulan,” demikian tertulis dalam ayat 2 Pasal 5 Peraturan Menteri 42 / 2018. Hasil negosiasi wajib dilaporkan kepada Direktorat Jenderal Minyak dan Gas Bumi.

Impor Bensin

Sementara untuk impor gasoline (bensin), menurut Hasto, relatif stabil. Pada tahun ini, impor bensin setiap bulannya sekitar 9-10 juta kiloliter (KL). Dari volume tersebut, impor Premium tercatat sangat besar, yakni 5,5-6 juta barel per bulan. Namun, impor Premium dan Pertamax ini cenderung berubah tergantung kebutuhan dalam negeri.

Impor bensin disebutnya akan naik saat Pertamina melakukan perawatan kilang. Pasalnya, kilang bisa saja dihentikan sementara operasinya ketika perawatan dilaksanakan. Namun, kenaikan impor akibat perawatan ini tidak terlalu besar. 

“Gesernya (impor) tidak begitu banyak, memang Januari-Februari ini (perawatan), swingnya paling 1-1,5 juta,” kata Hasto.

Sementara itu, terkait jatah minyak Pertamina dari blok migasnya di Irak, dikatakannya tidak lagi diolahkan di kilang luar negeri kemudian dibawa hasilnya ke Indonesia. Produksi minyak Blok West Qurna-1 itu seluruhnya dijual oleh Pertamina. 

“Kami posisi sekarang tidak ada minyak dari luar negeri yang diolahkan lagi,” ujarnya.

Dia menjelaskan, perseroan sebelumnya mengolahkan minyak dari Irak ke kilang milik perusahaan lain di luar negeri karena volumenya sangat signifikan. Pasalnya, selain jatah produksi, perseroan juga sempat memperoleh alokasi minyak dari otoritas Irak, State Organization for Marketing Oil (SOMO). Hal ini dilakukan Pertamina pada 2016-2017 lalu.

Investor Daily, Page-9, Thursday, Jan 10, 2019

These are 11 Contractors who Supply Oil to Pertamina

PT Pertamina (Persero) has secured an agreement with 11 oil and gas contractors aka the Sania Contract of Work Contractors (KKKS) which will sell domestic-produced crude oil. Negotiations with contractors have reached a contract agreement. Media Communication Manager of PT Pertamina, Arya Dwi Paramita, said that as a party that has the mandate to suppress oil imports, Pertamina is ready to buy crude oil from oil and gas contractors.

PT Chevron Pacific Indonesia

Until now, Pertamina has agreed on an oil purchase contract with 11 contractors. They are RH Petrogas Limited, PT SPR Langgak, PetroChina International Jabung Ltd, PT Bumi Siak Pusako, PT Chevron Pacific Indonesia, SAKA Pangkah Indonesia Ltd, PT Energi Mega Persada Tonga, Petronas Carigali Ketapang I Ltd, Husky CNOOC Madura Ltd, PT Energi Mega Persada Tbk and PetroChina International (Bermuda) Ltd.

Petro China

Petronas Carigali Ketapang I Ltd

Arya stated that by buying crude oil from the 11 oil and gas contractors, Pertamina could supply the needs of crude oil to be processed at domestic refineries.

Husky CNOOC Madura Ltd

"This is important to reduce the burden of imports, which is one of the efforts to meet domestic needs," he said.

But Arya did not want to reveal how the contract of sale and purchase contract to the 11 KKKS, including the contract value and the volume of oil supplied. One thing is certain, the contract volume of crude oil sales between Pertamina and oil and gas contractors varies, according to the agreement and production of each company.

IN INDONESIAN

Inilah 11 Kontraktor yang Pasok Minyak ke Pertamina

PT Pertamina (Persero) telah mengantongi kesepakatan dengan 11 kontraktor migas alias Kontraktor Kontrak Kerja Sania (KKKS) yang akan menjual minyak mentah hasil produksi dalam negeri. Negosiasi dengan para kontraktor sudah mencapai kesepakatan kontrak. Media Communication Manager PT Pertamina, Arya Dwi Paramita, mengatakan sebagai pihak yang mendapatkan amanah untuk menekan impor minyak, Pertamina siap membeli minyak mentah dari kontraktor migas. 

Hingga saat ini Pertamina sudah menyepakati kontrak jual beli minyak dengan 11 kontraktor. Mereka adalah RH Petrogas Limited, PT SPR Langgak, PetroChina International Jabung Ltd, PT Bumi Siak Pusako, PT Chevron Pacific Indonesia, SAKA Pangkah Indonesia Ltd, PT Energi Mega Persada Tonga, Petronas Carigali Ketapang I Ltd, Husky CNOOC Madura Ltd, PT Energi Mega Persada Tbk serta PetroChina International (Bermuda) Ltd. 

Arya mengemukakan, dengan membeli minyak mentah dari 11 kontraktor migas tadi, maka Pertamina bisa menyuplai kebutuhan minyak mentah yang akan diolah di kilang-kilang dalam negeri. 

“HaI ini penting untuk mengurangi beban impor, yang merupakan salah satu upaya untuk memenuhi kebutuhan dalam negeri,” ungkap dia.

     Namun Arya belum mau mengungkapkan bagaimana skema kontrak jual beli kepada 11 KKKS tersebut, termasuk nilai kontrak dan volume minyak yang disuplai. Satu hal yang pasti, volume kontrak penjualan minyak mentah antara Pertamina dan kontraktor migas bervariasi, sesuai kesepakatan dan produksi masing-masing perusahaan.

Kontan, Page-14, Friday, Jan 4, 2019

Lifting Oil and Gas Reaches 95% of Target

Production ready to sell national oil and gas is 1.91 million barrels of oil equivalent per day (BOEPD) or reaches 95% of the 2018 state budget target. On the other hand, production is ready to sell (lifting) oil at 762,000 barrels per day (bpd), and natural gas 1.14 million BOEPD.

Spokesperson for the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Wisnu Prabawa Taher hopes that until the end of the year oil and gas production can be maximized. Regarding production performance, he said that the influence of new well performance was not in line with expectations, coupled with the decline in the rate of existing wells that were getting bigger.

There are several operating and instrument constraints but they can be overcome. Then there are several development programs that are retreating to next year, "he said.

In order to develop the upstream oil and gas field and maintain production optimization, he added, SKK Migas said that it had drilled the development of 251 wells and targeted 289 wells. Meanwhile, the work program for the S54 wells is reset or from the target of 636 wells. Gradually, Wisnu stated that his party still strives to achieve maximum results.

Reflecting on the investment realization up to 31 October 2018 worth US $ 8.7 billion or 61% of this year's target, SKK Migas said that there is not much potential for the future.

According to him, one of the causes of the low realization of oil and gas investment in 2018 was because the exploration and exploitation drilling was canceled. However, he considered the realization would be done next year. Although not the only inhibiting factor, Wisnu stated, the drilling shift has a significant impact. In the future, SKK Migas claims that it will be more committed to guarding the realization of exploration.

the Gajah Puteri Bison Iguana Block

In 2019, the main upstream oil and gas project which was planned to produce only came from the Gajah Puteri Bison Iguana Block. Production from the oil and gas field located in Riau Islands will be carried out in the third / 2019 quarter.

Tangguh Train-3 Block Papua

If next year oil and gas investment is relatively stagnant, he assessed, the investment plan in 2020 will be more attractive. The reason is that there are four oil and gas blocks that will start production. He explained, the Badik and West Badik Blocks will operate in the third quarter of 2020 which is now in the development of the FEED tender, Tangguh Train-3 Block (quarter III / 2020) which is in the construction phase, Wasambo Block (quarter IV / 2020) in the FEED process, and the MDA and MBH Blocks for HCML working areas which are planned to produce in the third quarter of 2020.

the MDA and MBH Blocks by HCML

In terms of state revenues, Wisnu said that until November 2018 at least the realization reached US $ 15.9 billion or 133% of the state budget target. According to him, the figure can change until it is waiting for realization until the end of the year. With the increase in world oil prices, he projects there is a potential for increased state revenues.

In terms of cost recovery realization until the end of November this year, Wisnu stated that it had reached US $ 10.9 billion or had exceeded the target of the 2018 State Budget (APBN) of US $ 10.1 billion.

"That's an unaudited number," he said.

Previously, SKK Migas projected the realization of the return on operating costs to reach US $ 11.7 billion or 112% of the 2018 State Budget target. SKK Migas has a strategy so that the return on operating costs can be in line with the APBN target, especially in the 2019 Draft State Budget.

Wisnu added that his party would see the details of the compensation component by using cost benchmarking, so that the estimated cost in 2019 could be obtained which was more accurate and economical. In addition, the use of shared assets can be more optimal in operating costs.

"Optimizing time in carrying out activities in the field, especially in drilling activities, reworking wells and maintenance," he added.

PERTAMINA EP

On the other hand, President Director of PT Pertamina EP Nanang Abdul Manaf projects oil production by the end of the year to reach 79,000 barrels per day (bpd) or 96% of the 2018 target, while gas production will be realized at 1,019 MMSCFD or 103% of the 2018 target.

According to him, oil production did not reach the target due to finalization of drilling for wells this year is still ongoing and cannot yet produce

.

"Because the wells targeted are finished 90, the realization is still 74 and 14 are still on going," he said.

Oil lifiting was recorded at 78,120 bpd or 98% of this year's target. Gas lifting is recorded at 815 MMSCFD or 105% of this year's target. From the prognosis to the end of the year, Nanang said the realization of the achievement of profit could exceed the target.

"Because it is helped by oil prices above the previous forecast," he said.

Pendopo Field Plaju-Palembang

Obstacles meet the target due to non-fulfillment of drilling, covered with the performance of several fields managed by Pertamina EP such as the performance of Pendopo Field. As one of the production backbone in Pertamina EP, He explained Pendopo Field contributed gas amounting to 261.04 MMSCFD or 110.2% of the 243.16 MMSCFD target.

IN INDONESIAN

Lifting Migas Capai 95% dari Target

Produksi siap jual minyak dan gas nasional tercatat 1,91 juta barrel oil equivalent per day (BOEPD) atau mencapai 95% dari target APBN 2018. Di sisi lain, produksi siap jual (lifting) minyak bumi sebesar 762.000 barel per hari (bph), dan gas bumi 1,14 juta BOEPD.

Juru Bicara Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Wisnu Prabawa Taher berharap hingga akhir tahun produksi migas dapat lebih maksimal. Terkait dengan performa produksi, dia mengatakan bahwa pengaruh kinerja sumur yang baru belum sesuai dengan ekspektasi, ditambah dengan decline rate dari sumur eksis yang semakin besar.

Ada beberapa kendala operasi dan instrumen namun sudah dapat diatasi. Kemudian ada beberapa program pengembangan yang mundur ke tahun depan,” katanya.

Dalam rangka mengembangkan lapangan hulu migas dan menjaga optimasi produksi, imbuhnya, SKK Migas menyatakan telah melakukan pengeboran pengembangan 251 sumur dan target 289 sumur. Sementara itu, program kerja ulang atau workouer S54 sumur dari target 636 sumur. Secara bertahap, Wisnu menyatakan pihaknya tetap mengupayakan pencapaian bisa maksimal.

Berkaca dari realisasi investasi hingga 31 Oktober 2018 senilai US$ 8,7 miliar atau 61% dari target tahun ini, SKK Migas menyebutkan potensi ke depan tidak banyak perubahan.

Menurutnya, salah satu penyebab rendahnya realisasi investasi migas pada 2018 karena pergesaran pengeboran ekplorasi dan eksploitasi yang batal dilaksanakan. Namun, dia menilai realisasinya akan dilakukan tahun depan. Walaupun bukan satu-satunya faktor penghambat, Wisnu menyatakan,

pergeseran pengeboran berdampak signifikan. Pada masa mendatang, SKK Migas mengaku akan lebih berkomitmen untuk mengawal realiasi ekplorasi.

Pada 2019, proyek utama hulu migas yang rencananya berproduksi hanya datang dari Blok Bison Iguana Gajah Puteri. Produksi dari lapangan migas yang terletak di Kepulauan Riau ini akan dilaksanakan pada kuartal III/2019.

Apabila pada tahun depan investasi migas relatif stagnan, dia menilai, rencana penanaman modal pada 2020 akan lebih menarik. Alasannya, ada empat blok migas yang akan mulai berproduksi. Dia memaparkan, Blok Badik dan West Badik akan beroperasi kuartal III/2020 yang kini dalam perkembangan tender FEED, Blok Tangguh Train-3 (kuartal III/2020) yang berada pada tahap konstruksi, Blok Wasambo (kuartal IV/2020) dalam proses FEED, serta Blok MDA dan MBH wilayah kerja HCML yang rencananya berproduksi pada kuartal III/2020. 

Dari sisi penerimaan negara, Wisnu mengatakan hingga November 2018 setidaknya realisasinya mencapai US$ 15,9 miliar atau 133% dari target APBN. Menurutnya, angka tersebut dapat berubah sampai menunggu realisasi hingga akhir tahun. Dengan meningkatnya harga minyak dunia, dia memproyeksikan ada potensi peningkatan penerimaan negara.

Dari sisi realisasi cost recovery hingga akhir November tahun ini, Wisnu menyatakan telah mencapai US$ 10,9 miliar atau sudah melebihi target Anggaran Pendapatan dan Belanja Negara (APBN) 2018 sebesar US$10,1 miliar. 

“Itu angka unaudited," katanya.

Sebelumnya, SKK Migas memproyeksi realisasi pengembalian biaya operasi akan mencapai US$ 11,7 miliar atau 112% dari target APBN 2018. SKK Migas memiliki strategi agar pengembalian biaya operasi bisa sesuai dengan target APBN, khususnya dalam Rancangan APBN 2019.

Wisnu menambahkan pihaknya akan melihat detail kompenen biaya dengan penggunaan cost benchmarking, sehingga dapat diperoleh estimasi biaya pada 2019 yang lebih akurat dan ekonomis. Selain itu, pemanfaatan aset bersama bisa lebih optimal dalam biaya operasi.

"Optimalisasi waktu dalam pelaksanaan kegiatan di lapangan, terutama dalam kegiatan pemboran, kerja ulang sumur dan maintanance,” tambahnya.

PERTAMINA EP

Di pihak lain, Presiden Direktur PT Pertamina EP Nanang Abdul Manaf memproyeksikan produksi minyak hingga akhir tahun mencapai 79.000 barel per hari (bph) atau 96% dari target 2018, sedangkan produksi gas akan terealisasi sebesar 1.019 MMSCFD atau 103% dari target 2018.

Menurutnya, produksi minyak tidak mencapai target akibat finalisasi pengeboran sumur tahun ini masih berlangsung dan belum dapat berproduksi

.

“Karena sumur yang ditargetkan selesai 90, realisasinya masih 74 dan 14 masih on going,” katanya.

Untuk lifiting minyak tercatat sebesar 78.120 bph atau 98% dari target tahun ini. Untuk lifting gas tercatat 815 MMSCFD atau 105% dari target tahun ini. Dari prognosa hingga akhir tahun, Nanang menyatakan realisasi pencapaian laba dapat melebihi target. 

“Karena dibantu harga minyak di atas forecast sebelumnya" katanya.

Hambatan memenuhi target akibat tidak terpenuhinya pengeboran, tertutupi dengan kinerja beberapa lapangan yang dikelola Pertamina EP seperti kinerja dari Pendopo Field. Sebagai salah satu backbone produksi di Pertamina EP, Dia menjelaskan Pendopo Field memberikan kontribusi gas sebesar 261,04 MMSCFD atau 110,2% dari target 243,16 MMSCFD. 

Bisnis Indonesia, Page-24, Friday, Dec 14, 2018

Giant Fields Become a Stack

The investment in the oil and gas sector can only accelerate significantly if there are already findings of giant work areas in Indonesia.

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) said that the increase in investment in the oil and gas sector had a lot to expect from the findings of the giant working area. 

    Reflecting on the investment realization up to 31 October 2018 which reached US $ 8.7 billion or 61% of the total planned target for this year, the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) stressed that the future potential does not change performance .

the Masela Block

At least until the production facilities of the Masela Block are realized, which is around the year 2021-2022 and the deep-sea oil and gas project. SKK Migas Head Amien Sunaryadi said that the investment in the oil and gas sector in Indonesia does not seem to be big, because there is no work area (WK) that has large-scale oil and gas reserves. "So investment will be large if there is a large discovery. "This year [targets] have not been achieved, there are various factors," he said

The stagnant oil and gas investment in 2018 was also triggered by the overtaking of exploration and exploitation drilling, because it was postponed next year. In the future, SKK Migas emphasizes that it is more committed to guarding the exploration exploration. 

     In 2019, the main upstream oil and gas project which is planned to produce only comes from the Gajah Puteri Bison Iguana Block. Production from the oil and gas field in Riau Islands is planned to be carried out in the third / 2019 quarter.

If next year oil and gas investment is relatively stagnant, the investment plan in 2020 looks more passionate. Because, there are four oil and gas blocks that will begin production. Call it like the Badik Block from West Badik (quarter III / 2020) which is currently in the development of the Front End Engineering Design (FEED) tender, Tangguh Train-3 Block (quarter III / 2020) which is in the construction phase, Wasambo Block (IV quarter / 2020) in the FEED process, as well as the MDA and MBH Blocks by HCML which are planned to produce in the third quarter / 2020.

the MDA and MBH Blocks by HCML

Amien said that for the 2019 investment target it could not be predicted considering the cooperation contract work plan and budget (WPNB) of the contractor contractors (KKKS) were still being discussed. The oil and gas sector investment, according to Amien, can also be encouraged by the realization of a definite work commitment (KKP) for KKKS who already have the right to manage oil and gas block auctions with the Gross Split scheme.

Later, SKK Migas oversees the realization of the KKP contracted by the contractor in the first 5 years. Amien acknowledged that the KKP plan reported by the contractor was still based on the amount of investment and implementation per year, but did not include the projects being carried out. Especially for KKP, exploration activities are divided into WK and outside the WK or open area.

For exploration activities within the WK, KKKS can conduct surveys, airborne magnetic, airborne gravity, seismic, and exploration drilling. Meanwhile for the open area, activities ranging from surveys, airborne magnetic, airborne gravity and seismic.

"Especially for the CTF, it is ensured that this money must be spent on exploration. What we have to guard, do not let them report large amounts of exploration in open areas, apparently the realization is smaller, "Amien said.

Previously, Deputy Minister of ESDM Arcandra Tahar stressed that by relying on the KKP presented in the Gross Split, the management of the exploration block was more directed.

"The oil and gas business is indeed risky. Yes, it is calculated, because there is already initial data, if not from there, relying on government funds is not enough.

The KKP mechanism provides more certainty of investment funds for exploration than relying on funds issued through the State Budget (APBN). At least this is recorded from the amount of investment in the period 2010-2019 by the Geological Agency.

IN INDONESIAN

Ladang Raksasa Menjadi Tumpuan

Investasi sektor minyak dan gas bumi hanya bisa melesat signifikan bila sudah ada temuan wilayah kerja raksasa di Indonesia.

Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) menyatakan meningkatnya investasi sektor minyak dan gas berharap banyak pada temuan wilayah kerja raksasa. Berkaca dari realisasi investasi hingga 31 Oktober 2018 yang mencapai US$ 8,7 miliar atau 61% dari total target rencana tahun ini, Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) menegaskan bahwa potensi ke

depan tidak banyak perubahan kinerja. 

Setidaknya sampai fasilitas produksi Blok Masela terealisasi yaitu sekitar tahun pada 2021-2022 dan proyek migas laut dalam. Kepala SKK Migas Amien Sunaryadi mengatakan investasi sektor migas di Indoensia terkesan tidak besar, karena belum ditemukan wilayah kerja (WK) yang memiliki cadangan migas skala besar “Jadi investasi akan besar kalau ada discovery besar. Nah tahun ini tidak tercapai [target], ada macam-macam faktornya,” katanya 

Tersendatnya investasi migas 2018 juga dipicu pergesaran pengeboran ekplorasi dan eksploitasi yang batal dilaksanakan, karena diundur tahun depan. Ke depan SKK Migas menegaskan untuk lebih berkomitmen mengawal realiasi ekplorasi. Pada 2019, proyek utama hulu migas yang rencananya berproduksi hanya bersumber dari Blok Bison Iguana Gajah Puteri. Produksi dari lapangan migas di Kepulauan Riau ini rencananya terlaksana pada kuartal III/2019.

Jika pada tahun depan investasi migas relatif stagnan, rencana penanaman modal pada 2020 tampak lebih bergairah. Pasalnya, ada empat blok migas yang akan mulai berproduksi. Sebut saja seperti Blok Badik dari West Badik (kuartal III/2020) yang saat ini dalam perkembangan tender Front End Engineering Design (FEED), Blok Tangguh Train-3 (kuartal III/2020) yang berada pada tahap konstruksi, Blok Wasambo (kuartal IV/2020) dalam proses FEED, serta Blok MDA dan MBH milik HCML yang rencananya berproduksi pada kuartal lll/2020.

Amien mengatakan untuk target investasi 2019 belum dapat diperkirakan mengingat rencana kerja dan anggaran (WPNB) kontraktor kontrak kerja sama (KKKS) masih dibahas. Investasi sektor migas, menurut Amien, juga dapat didorong dengan realisasi komitmen kerja pasti (KKP) bagi KKKS yang sudah memiliki hak mengelola lelang blok migas dengan skema Gross Split.  

Nantinya, SKK Migas mengawasi realisasi KKP yang disusun kontraktor dalam 5 tahun pertama. Amien mengakui rencana KKP yang dilaporkan kontraktor masih berdasarkan jumlah investasi dan pelaksanaan per tahunnya, tetapi tidak menyertakan proyek yang dikerjakan. Khusus untuk KKP, aktivitas eksplorasi terbagi di dalam WK dan di luar WK atau open area. 

Untuk aktivitas eksplorasi di dalam WK, KKKS dapat melakukan survei, airborne magnetic, airborne gravity, seismik, dan pengeboran eksplorasi. Sementara itu untuk open area, aktivitasnya mulai dari survei, airborne magnetic, airborne gravity dan seismik.

“Khusus untuk KKP dipastikan, bahwa uang ini harus dibelanjakan untuk eksplorasi. Yang harus kami jaga, jangan sampai mereka melaporkan eksplorasi di area terbuka dengan jumlah besar, ternyata realisasinya lebih kecil,” kata Amien.

Sebelumnya, Wakil Menteri ESDM Arcandra Tahar menegaskan dengan mengandalkan KKP yang dihadirkan dalam Gross Split, pengelolaan blok eksplorasi lebih terarah. 

“Bisnis migas itu memang berisiko. Ya dihitung, karena sudah ada data awalnya, kalau tidak dari situ, mengandalkan dari dana pemerintah tidak cukup.”

Mekanisme KKP lebih memberikan kepastian dana investasi untuk eksplorasi daripada mengandalkan dana yang dikeluarkan lewat Anggaran Pendapatan dan Belanja Negara (APBN). Setidaknya hal ini terekam dari jumlah investasi dalam kurun 2010-2019 oleh Badan Geologi.

Bisnis Indonesia, Page-2, Monday, Nov 19, 2018

Rekind Targeting Gas Tiung Biru

PT Rekayasa Industri, the developer of the Cirebon-Semarang segment of the transmission gas pipeline project, is targeting the supply of natural gas from the Jambaran Tiung Biru Field in Bojonegoro, Central Java to be channeled through the Cirebon-Semarang gas pipeline.

Yanuar Budinorman, Managing Director of Industri Industri (Rekind), said that the process of discussing the construction of the Cirebon-Semarang gas pipeline project has entered the final stage, including regarding the source of gas supply. Currently there are two gas sources being tested by the subsidiary, PT Pupuk Indonesia (Persero).

Jambaran-Tiung Biru, Cepu Block

The two gas sources come from Jambaran-Tiung Biru, Cepu Block which is managed by PT Pertamina EP Cepu (PEPC) as many as 20 million cubic feet per day (MMscfd). The natural gas supply will also be imported and the Madura BD Field, the Madura Strait Block managed by Husky CNOOC Madura Ltd. (HCML).

"That 20 MMscfd from Jambaran-Tiung Biru is one of them. We begged again, another 20 MMscfd plus from Husky. So because we have partnered with Pertagas [PT Pertamina Gas] and BBG [PT Bayu Buana Gemilang] who are looking for their source, but they already know the source and everything, "he said recently.

Rekind targets the physical construction of the gas pipeline to begin at the end of December 2018. PT Pertamina EP Cepu said that it would be available the addition of gas production from the Jambaran-Tiung Biru Field development project amounted to 20 MMscfd.

Pertamina EP President Director Cepu Jamsaton Nababan said the increase in production from the initial estimate of 172 MMscfd came from optimizing project design. Later, from the total production of 192 MMscfd, the allocation of 100 MMscfd is for Pertamina (Persero), which is then channeled to PLN for electricity needs in East and Central Java.

Gas of 72 MMscfd will supply industrial needs in Central and East Java. Meanwhile, his side is currently looking for potential buyers for gas allocation of 20 MMscfd.

"Is the process going to all Persero or other buyers. If there is interest, please. "

Meanwhile, Rekind, a provider of engineering, procurement and construction (engineering, procurement, construction / EPC), was awarded in the construction of the Kamojang 5 Geothermal Power Plant (PLTP).

Through the holding of the Conference of the Asean Federation of Engineering Organization (CAFEO 36th) on 12-14 November 2018, Rekind was awarded the 2018 Asean Engineering Award, for the company category. This award was given by AFEO for Rekind's achievements and innovations for engineering projects in the Asean region.

"We strongly support and appreciate the implementation of the 2018 Asean Engineering Award because it helped boost the growth and achievement of Rekind performance through good BUMN corporate governance, high competitive human resource management and maximizing the company's real contribution to society," said Yanuar Budinonnan

Yanuar stressed, the company he led received this year's award through the selection of the Indonesian Engineers Association for Rekind's innovation in the Kamojang-5 PLTP project with a capacity of 1x35 Megawatts (MW).

The project auction in 2012 was an international tender which was attended by four foreign contractors. The auction starts in the fourth quarter of 2012. through a process of technical and commercial evaluation. The Rekind-Sumitomo Corporation Consortium was announced as the auction winner in mid-2013.

"In the Kamojang-5 PLTP project, Rekind was trusted as the consortium leader with Sumitomo Corporation as a member of the consortium.

IN INDONESIAN

Rekind Incar Gas Tiung Biru

PT Rekayasa Industri, pengembang proyek pipa gas transmisi ruas Cirebon-Semarang, mentargetkan suplai gas bumi dari Lapangan Jambaran Tiung Biru di Bojonegoro, Jawa Tengah untuk dialirkan melalui pipa gas Cirebon-Semarang.

Direktur Utama Rekayasa Industri (Rekind) Yanuar Budinorman mengatakan, proses pembahasan pembangunan proyek pipa gas ruas Cirebon-Semarang telah memasuki tahap akhir, termasuk mengenai sumber pasokan gas. Saat ini sudah ada dua sumber gas yang tengah dicoba oleh anak usaha PT Pupuk Indonesia (Persero) tersebut.

Dua sumber gas tersebut berasal dari Jambaran-Tiung Biru, Blok Cepu yang dikelola PT Pertamina EP Cepu sebanyak 20 juta kaki kubik per hari (MMscfd). Suplai gas bumi juga akan didatangkan dan Lapangan Madura BD, Blok Madura Strait yang dikelola oleh Husky CNOOC Madura Ltd. (HCML).

“Itu 20 MMscfd dari Jambaran-Tiung Biru salah satunya. Kami lagi mohonkan, 20 MMscfd lagi plus dari Husky. Jadi karena kami sudah bermitra dengan Pertagas [PT Pertamina Gas] dan BBG [PT Bayu Buana Gemilang] yang mencari sumbernya mereka, tetapi sudah tahu sumber dan mana aja,” katanya, belum lama ini.

Rekind menargetkan, pembangunan fisik pipa gas tersebut dimulai pada akhir Desember 2018. PT Pertamina EP Cepu menyatakan akan terdapat

penambahan produksi gas dari proyek pengembangan Lapangan Jambaran-Tiung Biru sebesar 20 MMscfd. 

Direktur Utama Pertamina EP Cepu Jamsaton Nababan mengatakan, peningkatan produksi dari perkiraan awal sebesar 172 MMscfd tersebut berasal dari optimalisasi desain proyek. Nantinya, dari total produksi 192 MMscfd tersebut, alokasi sebesar 100 MMscfd diperuntukkan untuk Pertamina (Persero), yang kemudian dialirkan ke PLN untuk kebutuhan listrik di Jawa Timur dan Jawa Tengah.

Gas sebanyak 72 MMscfd akan memasok kebutuhan industri di Jawa Tengah dan Jawa Timur. Sementara itu, pihaknya saat ini sedang mencari calon pembeli untuk alokasi gas sebesar 20 MMscfd. 

“Sedang proses apakah ke Persero semua atau pembeli lain. Kalau ada yang minat silahkan.”

Sementara itu, Rekind, perusahaan penyedia rekayasa, pengadaan dan konstruksi (engineering, procurement, Construction/EPC) , mendapatkan penghargaan dalam pembangunan Pembangkit Listrik Tenaga Panas Bumi (PLTP) Kamojang 5.

Melalui penyelenggaraan Conference of Asean Federation of Engineering Organization (CAFEO Ke-36) pada 12-14 November 2018, Rekind dianugerahi penghargaan Asean Engineering Award 2018, untuk kategori perusahaan. Penghargaan ini diberikan AFEO untuk prestasi dan inovasi Rekind untuk proyek rekayasa di kawasan Asean. 

“Kami sangat mendukung dan mengapresiasi penyelenggaraan penghargaan Asean Engineering Award 2018 ini karena turut mendorong pertumbuhan dan pencapaian kinerja Rekind melalui tata kelola perusahaan BUMN yang baik, pengelolaan SDM yang berdaya saing tinggi dan memaksimalkan kontribusi nyata perusahaan bagi masyarakat," ujar Yanuar Budinonnan.

Yanuar menegaskan, perusahaan yang dipimpinnya tersebut menerima penghargaan tahun ini melalui seleksi Persatuan lnsinyur Indonesia atas inovasi Rekind dalam proyek PLTP Kamojang-5 berkapasitas 1x35 Megawatt (MW).

Pelelangan proyek pada 2012 ini merupakan tender internasional yang diikuti oleh empat kontraktor asing. Pelelangan dimulai pada kuartal IV/2012. melalui proses evaluasi teknis dan komersial. Konsorsium Rekind-Sumitomo Corporation diumumkan sebagai pemenang lelang pada pertengahan 2013. 

“Dalam proyek PLTP Kamojang-5, Rekind dipercaya sebagai pemimpin konsorsium dengan Sumitomo Corporation sebagai anggota konsorsium.

Bisnis Indonesia, Page-24, Friday, Nov 16, 2018

Pertamina to drill gas wells in Bojonegoro next year

State-owned oil and gas holding company Pertamina, through its subsidiary Pertamina EP CEPU (PEPC), is set to start drilling natural gas wells in the second half of 2019 at the Jambaran-Tiung Biru (JTB) gas project in Bojonegoro regency, East Java.

ln total, six Wells in the site could produce 192 million metric standard cubic feet per day (mmscfd) of natural gas - excluding CO2 content - according to the firm’s recent data. PEPC president director Jamsaton Nababan told the media in a recent press briefing that one well could generate around 60 mmscfd, but that figure did not yet exclude CO2 content.

“We will start to drill two out of six wells next July” he said.

Four wells are located in Wellpad Jambaran East and will be drilled starting the third quarter of 2019 until the iirst quarter of 2020, while the remaining wells located in Wellpad Jambaran Central will be drilled starting the second quarter of 2020 until the fourth quarter of the same year Jamsaton added that PEPC had resolved all issues regarding land procurement. 

The site of the JTB project was previously part ofa local village and also land owned by state-owned forestry company Perhutani, while some was privately owned.

“We have settled all issues regarding land permits. The remaining work in terms of land procurement is now only administration issues,” he assured.

   The site of the JTB project, a 98 percent stake of which is owned by PEPC and the remainder by another Pertamina subsidiary PT Pertamina EP spans across four regencies, four Villages and 14 million square meters of land previously owned by Perhutani.

PEPC has set a deadline of the second quarter of 2021 for the project’s full operation, which will be marked by a maiden gas transmission from the field to its buyers.

Jamsaton said that once the field had started to produce gas at 192 mmscfd, 100 mmscfd would be allocated for state electricity firm PLN and the rest for industries in East Java. 

“The gas price from our wells will be set at US$6.70 per million British thermal units [mmbtu] and once it reaches PLN, the price will be $7.60 per mmbtu [because of transmission fees],”he said. 

To fund the project, PEPC has set aside.$1.5 billion, $984 million of which will be allocated for the development of a gas-processing facility (GPF) that will be constructed by a consortium of engineering firms, namely PT Rekayasa Industri and PT Japan Gas Corporation.

The GPF has a total production capacity of 330 mmscfd of gas. However, given the complexity ofthe CO2 content in the field of around 30 percent, the project-will only produce 192 mmscfd of gas. It' was previously reported that the CO2 content from JTB project will be utilized by PEP in its Sukowati field in East Java to boost the units oil production with enhanced oil recovery (EOR) technology called a CO2- Hopding strategy. .

Furthermore, JTB general manager Bob Adibrata said that of the total investment to develop the GPF of $984 million, less than 1 percent of the funds had been utilized. 

"Meanwhile, construction of the GPF has reached 8.31 percent, of the target of 9.14 percent. We are running a bit late mainly in the engineering phase,” he said, adding that the firm was in the process of completing the project’s engineering design.

Bob added that the upcoming rainy season, especially the risk of Hooding, would be a challenge for the project development until the year end. 

Jakarta Post, Page-13, Monday, Nov 12, 2018