Planned subsidiary to run oil, gas block

State energy holding firm Pertamina is looking to set up a new subsidiary that will manage the Rokan Block, one of the country’s biggest oil and gas blocks, after it was awarded the tender ahead of former operator Chevron Pacific Indonesia (CPI).

Chevron Pacific Indonesia (CPI)

This was revealed by the senior vice president for upstream strategic planning, portfolio and evaluation at Pertamina, Meidawati, at an oil and gas seminar in Jakarta recently.

"We have a plan [to set up a new subsidiary] for the block. It is in the pipeline and we are still assessing the option,” she said, adding that a new unit would help the company speed up the adaptation process of managing the block.

CPI, a subsidiary of United States-based oil and gas giant Chevron, is still operating the block, which will be managed by Pertamina from 2021 to 2041. CPI is operating it under the old Production Sharing Contract (PSC) based on a cost recovery scheme, which will be replaced by a new method called a gross split. 

the Mahakam Block

Pertamina’s plan to establish a new subsidiary is based on its experience with one of its upstream units, Pertamina Hulu Mahakam (PHM), which took over the Mahakam Block in East Kalimantan from France’s Total E&P Indonesie.

Total E&P Indonesie

Meidawati said Pertamina was also assessing the option of managing the Rokan Block with a partner as investors have shown an interest to jointly manage the block The governnients decision to Choose Pertamina to operate the block in July Caused a stir, leading to some alleging that rising nationalistic sentiment in the energy sector was behind it.

However, experts say setting up anew subsidiary to operate the block is a move in the right direction as long as the decision making process emanates from Pertamina’s head office, adding that it would help it to simplify the operating process. 

Pri Agung Rakhmanto, a researcher at Jakarta based energy research group the ReforMiner Institute, said setting up a second tier company was an usual thing for Pertamina to do in light of its upstream strategy, adding that the move would not create problems due to it being directly controlled from head office.

Toto Pranoto, a state-owned enterprises expert at the University of Indonesia, said he believed that creating a new subsidiary was due to Pertamina’s need to ease its performance calculation and its PSC With the government. Based on Pertamina’s previous experience with its upstream subsidiaries, Toto projected that the prospective Rokan subsidiary would likely produce less oil and gas compared to the block’s previous operator, Chevron, due to a long adaptation process in terms of technology use.

Blogger Agus Purnomo in PT. PHE West Madura Offshore (WMO)

A case in point, he said, was the weak performance of Pertamina’s upstream subsidiary Pertamina Hulu Energy (PHE), which operates the West Madura Offshore (PHE-WMO) in Gresik, because the unit failed to maintain block oil production in 2011.

the Rokan Block

Several reports at the time stated that production fell from an average of 14,000 barrels of oil per day (bopd) to only 1,200 bopd. Meidawati acknowledged that it would be a challenge to maintain production at Rokan over the next three years as it had matured, or Was entering a phase of decline.

the Rokan Block

“There is something that We could learn there [in the Rokan Block] because it will be a test for us to manage this big block, of which oil production now has declined by 20,000 bopd in less than a year,” the Pertamina’s senior vice president said.

Pertamina is in the process of paying its US$ 784 million signature bonus to the government as one of the requirements in the Rokan Block deal, and the funds will be considered as non-tax revenue (PNBP).

It has vowed that the transaction would be finalized no later than this year. Once the bonus has been transferred to the government, the official contract for Pertamina to take over the block will be signed.

Jakarta Post, Page-13, Friday, Nov 9, 2018

PHE Oil and Gas Production Exceeds Target

PT Pertamina Hulu Energi (PHE) recorded an average oil and gas production of 229,441 barrels of barrel oil equivalent per day last September. The realization exceeds the target set at 224,818 BOEPD or around 102.1%.

The average oil production from the subsidiary of PT Pertamina (Persero) was recorded at 80,103 barrels per day (BPH) in September. While for PHE gas production in September 2018 reached 865 million cubic feet per day (million standard cubic feet per day / mmscfd) or 5% exceeded the target in the same period of 824 mmscfd.

PHE Operations and Production Director Ekariza said that the driving factor that boosted PHE's operational performance in September 2018 included the shifting of the Southeast Sumatra Block (SES) management to 100% in Pertamina's hands.

In addition, increased production was also lifted by the achievement of oil and gas production targets for PHE subsidiaries, including JOB Medco E & P Tomori Sulawesi, PHE NSO and NSB, PHE Ogan Komering, BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, and JOB Pertamina Petrochina Salawati.

"The biggest contributor to PHE production is on a consolidated basis from PHE Offshore North West Java (ONWJ), after that the SES Block and third PHE West Madura Offshore (PHE-WMO), "Ekariza said in a written statement in Jakarta on Wednesday (11/7).

Blogger Agus Purnomo in PT. PHE West Madura Offshore (WMO)

Ekariza said, along with the increase in oil production in September 2018, the average production of PHE oil is ready to sell (lifting). In September, PHE oil lifting rose to 81.9 thousand bpd, compared to the realization in the previous month an average of 61 thousand bpd.

Cumulatively until the end of the third quarter of 2018, Pertamina Hulu Energi posted oil and gas production of 198,505 BOEPD or 1.2% exceeding the target set in the same period of 196,247 BOEPD.

IN INDONESIAN

Produksi Migas PHE Melebihi Target

PT Pertamina Hulu Energi (PHE) mencatat rata-rata produksi minyak dan gas (migas) sebesar 229.441 barel setara minyak per hari (barrel oil equivalent per day/BOEPD) pada September kemarin. Realisasi itu melebihi dari target yang ditetapkan sebesar 224.818 BOEPD atau sekitar 102,1%. 

Rata-rata produksi minyak dari anak usaha PT Pertamina (Persero) itu tercatat sebesar 80.103 barel per hari (BPH) pada September. Sementara untuk produksi gas yang PHE sepanjang September 2018 mencapai 865 juta kaki kubik per hari (million standard cubic feet per day/ mmscfd) atau 5% melebihi target pada periode yang sama sebesar 824 mmscfd. 

Direktur Operasi dan Produksi PHE Ekariza mengatakan, faktor pendorong yang mendongkrak kinerja operasional PHE pada September 2018 antara lain telah beralihnya pengelolaan Blok Southeast Sumatra (SES) menjadi 100% di tangan Pertamina.

Selain itu, peningkatan produksi juga terangkat oleh tercapainya target produksi migas pada anak-anak perusahaan PHE, antara lain JOB Medco E&P Tomori Sulawesi, PHE NSO dan NSB, PHE Ogan Komering, BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, dan JOB Pertamina Petrochina Salawati.

“Kontributor terbesar terhadap produksi PHE secara konsolidasi tetap dari PHE Offshore North West Java (ONWJ), setelah itu Blok SES dan ketiga PHE West Madura Offshore (PHE-WMO) ,” kata Ekariza dalam keterangan tertulis di Jakarta, Rabu (7/11).

Ekariza menuturkan, seiring adanya peningkatan produksi minyak pada September 2018, rata-rata produksi siap jual (lifting) minyak PHE juga meningkat. Pada September lalu lifting minyak PHE naik menjadi 81,9 ribu bph, dibandingkan realisasi pada bulan sebelumnya rata-rata sebesar 61 ribu bph.

Secara kumulatif hingga akhir kuartal ketiga 2018, Pertamina Hulu Energi membukukan produksi migas sebesar 198.505 BOEPD atau 1,2% melebihi target yang ditetapkan pada periode yang sama sebesar 196.247 BOEPD.

Investor Daily, Page-9, Friday, Nov 9, 2018

PHE Oil and Gas Production Exceeds 2018 Target

As of September this year, PT Pertamina Hulu Energi (PHE) oil and gas production has exceeded its target in 2018. In detail, PHE has produced oil reaching 229,441 barrels of oil equivalent per day (boepd), or 102.06% of the target amounting to 224,818 boepd.

At the same time, this subsidiary of PT Pertamina (Persero) has produced an average of 865 million cubic feet of gas per day (mmscfd). This figure reaches 105% of the target set at 824 mmscfd. 

    Director of Operation and Production of PT Pertamina Hulu Energi, Ekariza said, the factors that boosted PHE's operational performance until September this year include the participation of 100% participating interest (Pl) PHE Offshore Southeast Sumatra (OSES) for oil and gas management in the Southeast Sumatra Block (SES) .

In addition, the trigger for the increase in PHE production is the achievement of oil and gas production targets in a number of PHE subsidiaries including JOB Medco E & P Tomori Sulawesi, PHE NSO & NSB, PHE Ogan Komering, BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, and JOB Pertamina Petrochina Salawati.

Blogger Agus Purnomo in PT. PHE West Madura Offshore (WMO)

"The biggest contributor to Pertamina Hulu Energi's production on a consolidated basis remains from PHE Offshore North West Java (ONWJ), then SES Block and third PHE West Madura Offshore (WMO)," he said in a press release.

IN INDONESIAN

Produksi Migas PHE Melampaui Target 2018

Hingga September tahun ini, produksi minyak dan gas bumi (migas) PT Pertamina Hulu Energi (PHE) sudah melampaui target sepanjang 2018. Perinciannya, PHE telah memproduksi minyak mencapai 229.441 barrel oil equivalent per day (boepd), atau 102,06% dari target sebesar 224.818 boepd.

Di saat yang sama, anak usaha PT Pertamina (Persero) ini telah memproduksi rata-rata gas mencapai 865 juta kaki kubik per hari (mmscfd). Angka tersebut mencapai 105% dari target yang ditetapkan mencapai 824 mmscfd. Direktur Operasi dan Produksi PT Pertamina Hulu Energi, Ekariza mengemukakan, faktor yang menclongkrak kinerja operasional PHE hingga September tahun ini antara lain telah masuknya participating interest (Pl) 100% PHE Offshore Southeast Sumatra (OSES) untuk pengelolaan migas di Blok Southeast Sumatra (SES).

Selain itu, pemicu peningkatan produksi PHE adalah tercapainya target kinerja produksi minyak dan gas di sejumlah anak perusahaan PHE antara lain JOB Medco E&P Tomori Sulawesi, PHE NSO&NSB, PHE Ogan Komering, BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, dan JOB Pertamina Petrocfhina Salawati.

“Penyumbang terbesar produksi Pertamina Hulu Energi secara konsolidasi tetap berasal dari PHE Offshore North West Java (ONWJ), lalu Blok SES dan ketiga PHE West Madura Offshore (WMO),” ujarnya dalam siaran pers.

Kontan, Page-14, Thursday, Nov 8, 2018

PHE Production Exceeds Target

PT Pertamina Hulu Energi (PHE) managed to record oil and gas production of 229,441 thousand barrels of oil equivalent per day or barrel oil equivalent per day (Boepd) until the end of September 2018. The production of Pertamina's subsidiary had reached 102.1 percent of the target of 224,818 thousand boepd.

In detail, the average oil production of the company reaches 80, 103 thousand barrels per day. Gas production has reached 865 million cubic feet per day (mmscfd). 

    PHE Operations and Production Director Ekariza said the boosting factor for PHE's operational performance in September was the inclusion of 100 percent participating interest (PI) PHE Offshore Southeast Sumatra (OSES) for oil and gas management in the Southeast Sumatra Block (SES).

"The biggest contribution to PHE production is on a consolidated basis from PHE Offshore North West Java (ONWJ), new SES Block, and third PHE West Madura Offshore (PHE-WMO), "he said.

Blogger Agus Purnomo in PT. PHE West Madura Offshore (WMO)

In addition, the trigger for increasing production is the achievement of oil and gas production performance targets for PHE subsidiaries. Among other things, JOB Medco E & P Tomori Sulawesi, PHE NSO & NSB, PHE Ogan Komering. And BOB Bumi Siak Pusako Pertamina Upstream, Pertamina JOB Talisman Jambi Merang, and JOB Pertamina Petrochina Salawati.

He said the average production of ready to sell (lifting) oil PHE per day in September 2018 rose to 81.9 thousand bopd. Higher when compared to the realization of the previous month which averaged 61 thousand bopd.

IN INDONESIAN

Produksi PHE Lampaui Target

PT Pertamina Hulu Energi (PHE) berhasil mencatatkan produksi migas sebesar 229,441 ribu barel setara minyak per hari atau barrel oil equivalent per day (boepd) hingga akhir September 2018. Capaian produksi anak usaha Pertamina tersebut telah mencapai 102, 1 persen dari target yang ditetapkan 224,818 ribu boepd.

Perinciannya, rata-rata produksi minyak bumi perseroan mencapai 80, 103 ribu barel per hari. Produksi gas telah mencapai 865 juta kaki kubik per hari (mmscfd). Direktur Operasi dan Produksi PHE Ekariza mengatakan, faktor pendongkrak kinerja operasional PHE pada September adalah masuknya participating interest (PI) 100 persen PHE Offshore Southeast Sumatera (OSES) untuk pengelolaan migas di Blok Southeast Sumatera (SES). 

”Kontribusi terbesar terhadap produksi PHE secara konsolidasi tetap dari PHE Offshore North West Java (ONWJ), baru Blok SES, dan ketiga PHE West Madura Offshore (WMO)," ujarnya.

Selain itu, pemicu peningkatan produksi adalah tercapainya target kinerja produksi migas pada anak-anak perusahaan PHE. Di antaranya, JOB Medco E&P Tomori Sulawesi, PHE NSO&NSB, PHE Ogan Komering. Serta BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, dan JOB Pertamina Petrochina Salawati.

Dia mengatakan, rata-rata produksi siap jual (lifting) minyak PHE per hari pada September 2018 naik menjadi 81,9 ribu bopd. Lebih tinggi jika dibandingkan dengan realisasi bulan sebelumnya yang rata-rata 61 ribu bopd.

Jawa Pos, Page-5, Thursday, Nov 8, 2018

The Performance of 2 Pertamina Subsidiaries is increasingly sparkling

PT Pertamina Hulu Energi, a subsidiary of PT Pertamina (Persero) engaged in the oil and gas production and exploration sector, recorded an increase in average oil and gas production until September 2018. The average oil and gas production of Pertamina Hulu Energi as of September 2018 was 229,441 barrels of oil equivalent per day ( barrel oil equivalent per day / boepd) or 102.1% of the 224,818 boepd target.

The average oil production during January-September 2018 was 80,103 barrels per day (bpd) and natural gas reached 865 million cubic feet per day (MMscfd) or 105% of the target of 824 MMscfd.

The Director of Operation and Production of PT Pertamina Hulu Energi Ekariza said that the driving factor that boosted PHE's operational performance during January-September 2018 was the participation of 100% of the Southeast Sumatra Block in South Sumatra through the subsidiary PT PHE Offshore Southeast Sumatra.

In addition, the oil and gas production performance of several Pertamina Hulu Energi subsidiaries also exceeded the target. Some of the subsidiaries include JOB Medco E & P Tomori Sulawesi, PHE NSO & NSB, PHE Ogan Komering, BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, and JOB Pertamina Petrochina Salawati.

"The biggest contributor to PHE production is on a consolidated basis from the new SES Block PHE Offshore North West Java (ONWJ) and the third PHE West Madura Offshore (WMO)," he said, Wednesday (11/7).

He added, along with the increase in oil production in September 2018, the average production of PHE oil ready to sell (lifting) also rose to 81,900 barrels per day (bpd), higher than the realization in the previous month of 61,000 bpd.

Cumulatively up to the end of quarter III / 2018, Pertamina Hulu Energi posted oil and gas production of 198,505 boepd or 101.2% of the target set at 196,247 boepd. The cumulative daily production of PHE oil averaged 64,051 bpd until the third / 2018 quarter or 97% of the target.

Meanwhile, PHE's average daily gas production reached 779 MMscfd until the end of quarter III / 2018 or 103% of the target set at 754 MMscfd. Another Pertamina subsidiary, PT Pertamina EP, said that the achievement of investment realization until October 2018 was 70% of the target of US $ 630 million.

Pertamina EP President Director Nanang Abdul Manaf said that he was optimistic that the 2018 investment target would be reached by the end of this year. According to him, the realization of drilling and development of oil and gas wells has been carried out in 60 wells of the target of 90 wells.

      Pertamina EP is also optimistic that with oil production ranging from 83,000 bpd by the end of the year and oil prices reaching US $ 80 per barrel, the company's net profit is estimated at US $ 815 million, equivalent to Rp 12.38 trillion (exchange rate of Rp15,000 per US dollar).

IN INDONESIAN

Kinerja 2 Anak Usaha Pertamina Semakin Berkilau

PT Pertamina Hulu Energi, anak perusahaan PT Pertamina (Persero) yang bergerak di sektor produksi dan eksplorasi minyak dan gas bumi, mencatatkan kenaikan rerata produksi migas hingga September 2018. Rerata produksi migas Pertamina Hulu Energi per September 2018 sebesar 229.441 barel setara minyak per hari (barrel oil equivalent per day/boepd) atau 102,1% dari target 224.818 boepd.

      Rerata produksi minyak selama Januari-September 2018 sebanyak 80.103 barel per hari (bph) dan gas bumi mencapai 865 juta kaki kubik per hari (MMscfd) atau 105% dari target 824 MMscfd.

Direktur Operasi dan Produksi PT Pertamina Hulu Energi Ekariza mengatakan bahwa faktor pendorong yang mendongkrak kineija operasional PHE selama Januari-September 2018 adalah telah masuknya saham partisipasi 100% Blok Southeast Sumatera di Sumatra Selatan melalui anak usaha PT PHE Offshore Southeast Sumatera.

Selain itu, kinerja produksi migas beberapa anak usaha Pertamina Hulu Energi juga melampaui target. Beberapa anak usaha itu antara lain JOB Medco E&P Tomori Sulawesi, PHE NSO & NSB, PHE Ogan Komering, BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, dan JOB Pertamina Petrochina Salawati.

“Kontributor terbesar terhadap produksi PHE secara konsolidasi tetap dari PHE Offshore North West Java (ONWJ) baru Blok SES dan ketiga PHE West Madura Offshore (WMO) ,” katanya, Rabu (7/11).

Dia menambahkan, seiring dengan peningkatan produksi minyak pada September 2018, rata-rata produksi siap jual (lifting) minyak PHE juga naik menjadi 81.900 barel per hari (bph), lebih tinggi dibandingkan dengan realisasi pada bulan sebelumnya 61.000 pbh.

Secara kumulatif hingga akhir kuartal III/2018, Pertamina Hulu Energi membukukan produksi migas sebesar 198.505 boepd atau 101,2% dari target yang ditetapkan 196.247 boepd. Produksi harian minyak PHE secara kumulatif mencapai rata-rata sebesar 64.051 bph hingga kuartal III/2018 atau 97% dari target. 

Sementara itu, rerata produksi harian gas PHE mencapai 779 MMscfd hingga akhir kuartal III/2018 atau 103% dari target yang ditetapkan 754 MMscfd. Anak usaha Pertamina lainnya, PT Pertamina EP, menyatakan capaian realisasi investasi hingga Oktober 2018 tercatat 70% dari target senilai US$ 630 juta.

Presiden Direktur Pertamina EP Nanang Abdul Manaf mengatakan bahwa pihaknya optimistis target investasi 2018 akan tercapai hingga akhir tahun ini. Menurutnya, realiasasi pengeboraan dan pengembangan sumur migas sudah dilakukan di 60 sumur dari target 90 sumur. 

   Pertamina EP juga optimistis dengan produksi minyak berkisar 83.000 bph hingga akhir tahun dan harga minyak mencapai US$ 80 per barel, laba bersih perseroan diperkirakan mencapai US$ 815 juta atau setara dengan Rp 12,38 triliun (kurs Rp15.000 per dolar AS).

Bisnis Indonesia, Page-24, Thursday, Nov 8, 2018

First Quarter, PHE Gas Production Up 2 Percent

PT Pertamina Hulu Energi (PHE), a subsidiary of PT Pertamina (Persero) in the upstream sector, recorded gas production of 777 million cubic feet per day (MMSCFD) during January-March 2018. The amount is up 2 percent over the same period of 2017 of 765 MMSCFD .

"In 2018, PHE set a production target for March of 767.8 MMSCFD, realization of 1.2 percent higher" said R. Gunung Sardjono Hadi, Director of PHE.

PHE oil production in the first three months of 2018 was 63.037 barrels oil per day (BOPD), not much different from the same period of 2017 of 62,623 BOPD.

"PHE in 2018 targeted oil production in March at 65,243 BOPD, so production in March 2018 was 96.6 percent of the target," Gunung said.

According to Sardjono Hadi Mountain, PHE will accelerate the monetization of PHE reserves by implementing a backup source clustering strategy. This strategy can be used in working areas that have less gas reserves, but can be monetized soon. With PHE clustering no longer thinking just waiting for gas buyers, but innovating how to create a market. The reason, although having large reserves will be useless if there is no gas absorber.

"So it does not depend on the market, but it creates the market. That is what we are now pursuing, The concept of gas monetization is clustered. So we also have to think how to get into the midstream, "said Mount Sardjono Hadi.

He cited the development of gas in Senoro. Senoro gas will never be monetized if the facility does not build the refinery and regasification DSLNG in cooperation with several companies. PHE will also be more open to cooperate with other companies.

"Like Senoro if there is no DSLNG it will not be developed. That's one example for another development. We try to find, create new markets. So we do not sit sweetly waiting to come buyers, "said Mount Sardjono Hadi.

Meanwhile, Ekariza, Director of Operations and Production of PHE, said the realization of PHE gas production depends on absorption in the market if the absorption of large market, PHE can increase its gas production.

"First quarter gas production is higher because there is an increase in absorption. The largest production contribution comes from Tomori, "said Ekoriza.In addition to Tomori, the contribution of PHE gas production comes from the Offshore North West Java (ONWJ) block, Jambi Merang and West Madura Offshore (WMO).

Termination Blocks The target of PHE oil and gas production in the Company's Work Plan and Budget (RKAP) 2018 has also included the production of four terminated block of contracts to be managed by PHE. The four blocks are Tuban, Ogan Komering, Offshore South East Sumatra (OSES) and North Sumatra Offshore (NSO).

Two of the four blocks, Tuban and Ogan Komering, the production sharing contract (PSC) have been signed on April 20, 2018 and are effective as of May 20, 2018.

However, for Sukowati unitization field previously managed by Joint Operation Body (JOB) of Pertamina ~ PetroChina East Java from May 20, 2018 submitted to PT Pertamina EP Another block, Ogan Komering, contract is also signed on 20 April 2018 and effective on 20 May 2018.

IN INDONESIA

Kuartal I, Produksi Gas PHE Naik 2 Persen

PT Pertamina Hulu Energi (PHE), anak usaha PT Pertamina (Persero) di sektor hulu, mencatat produksi gas 777 juta kaki kubik per hari (MMSCFD) sepanjang Januari-Maret 2018. Jumlah tersebut naik 2 persen dibanding periode yang sama 2017 sebesar 765 MMSCFD.

“Pada 2018, PHE menetapkan target produksi bulan Maret sebesar 767,8 MMSCFD, realisasinya 1,2 persen lebih tinggi" ujar R. Gunung Sardjono Hadi, Direktur Utama PHE. 

Untuk produksi minyak PHE pada tiga bulan pertama 2018 tercatat 63,037 barrel oil per day (BOPD), tidak jauh berbeda dibanding periode yang sama 2017 sebesar 62,623 BOPD. 

“PHE pada 2018 menargetkan produksi minyak bulan Maret sebesar 65,243 BOPD, sehingga produksi Maret 2018 tercatat 96,6 persen dari target,” kata Gunung.

Menurut Gunung Sardjono Hadi, PHE akan mempercepat monetisasi cadangan PHE dengan menerapkan strategi klasterisasi Sumber cadangan. Strategi ini bisa digunakan di wilayah kerja yang memiliki cadangan gas tidak terlalu besar, namun bisa segera dimonetisasi. Dengan klasterisasi PHE tidak lagi berpikir hanya menunggu pembeli gas, namun berinovasi bagaimana menciptakan pasar. Pasalnya, meski memiliki cadangan besar akan percuma jika tidak ada penyerap gas.

“Jadi tidak tergantung pasar, tapi menciptakan pasar. Itu yang sekarang kami kejar, Konsep monetisasi gas dibikin klaster. Jadi kami juga harus berpikir bagaimana bisa masuk ke midstream,” kata Gunung Sardjono Hadi.

Dia mencontohkan pengembangan gas di Senoro. Gas Senoro tidak akan pernah dimonetisasi andai kata tidak terbangun fasilitas kilang serta regasifikasi DSLNG yang bekerja sama dengan beberapa perusahaan. Untuk itu PHE juga akan lebih membuka diri dalam menjalin kerja sama dengan perusahaan lain. 

“Seperti Senoro kalau tidak ada DSLNG itu tidak akan dikembangkan. Itu salah satu contoh untuk pengembangan lain. Kami mencoba mencari, menciptakan pasar baru. Jadi kami tidak duduk manis menunggu datang pembeli,” kata Gunung Sardjono Hadi.

Sementara itu, Ekariza, Direktur Operasi dan Produksi PHE, mengatakan realisasi produksi gas PHE sangat tergantung dari penyerapan di pasar jika penyerapan pasar besar, maka PHE bisa meningkatkan produksi gasnya. 

“Produksi gas kuartal I lebih tinggi karena ada peningkatan penyerapan. Kontribusi produksi terbesar berasal dari Tomori," kata Ekariza. Selain Tomori, kontribusi produksi gas PHE berasal dari blok Offshore North West Java (ONWJ), Jambi Merang dan West Madura Offshore (WMO).

Blok Terminasi Target produksi migas PHE pada Rencana Kerja dan Anggaran Perusahaan (RKAP) 2018 juga telah memasukkan produksi dari empat blok habis kontrak (terminasi) yang akan dikelola penuh PHE. Keempat blok tersebut adalah Tuban, Ogan Komering, Offshore South East Sumatera (OSES) dan North Sumatera Offshore (NSO).

Dua dari empat blok tersebut, yakni Tuban dan Ogan Komering kontrak kerja sama bagi hasilnya (production sharing contract/PSC) telah ditandatangani pada 20 April 2018 dan berlaku efektif per 20 Mei 2018.

Namun untuk lapangan unitisasi Sukowati yang sebelumnya dikelola Joint Operation Body (JOB) Pertamina~PetroChina East Java mulai 20 Mei 2018 diserahkan ke PT Pertamina EP Blok lainnya, Ogan Komering, kontraktnya juga telah ditandatangani pada 20 April 2018 dan efektif berlaku pada 20 Mei 2018.

Memorandum, Page-10, Wednesday, May 30, 2018

First Quarter PHE Gas Production Up Two Percent

PT Pertamina Hulu Energi, a subsidiary of PT Pertamina (Persero) in the upstream sector, has recorded 777 million cubic feet of gas per day (MMSCFD) during January-March 2018. Up 2% over the same period of 2017 of 765 MMSCFD.

"In 2018, PHE set a production target for March of 767.8 MMSCFD, realization of 1.2% higher," said Director of PHE, R. Gunung Sardjono Hadi.

Mount added for oil production PHE in the first three months of 2018 recorded 63.037 barrels oil per day (BOPD), not much different from the same period of 2017 of 62,623 BOPD.

"PHE in 2018 targeted oil production in March at 65,243 BOPD, so production in March 2018 was 96.6% of the target," he explained.

PHE will accelerate the monetization of PHE reserves by implementing a backup source clustering strategy. This strategy can be used in working areas that have less gas reserves, but can be monetized soon.

With PHE clustering no longer thinking just waiting for gas buyers, but innovating how to create a market even though having large reserves would be useless if there were no gas absorber.

"So it does not depend on the market, but it creates the market. That is what we are now pursuing as to the concept of clarified gas monetization gas. So we also have to think how to get into the midstream, "explained Mount.

He cited the development of gas in Senoro, Senoro gas will never be monetized if the facility is not built and regasification Donggi-Senoro Liquid Natural Gas (DSLNG) in cooperation with several companies. To that end PHE will also be more open in cooperation with other companies.

"Like Senoro if there is no DSLNG it will not be developed, that's one example for other development. We are trying to find and create new markets, so we do not sit sweetly waiting to come buyers, "he said.

Meanwhile, according to Director of Operations and Production of PHE, Ekariza, PHE gas production realization is highly dependent on market absorption. If the absorption of large markets, then PHE can increase gas production.

"Gas production in the first quarter is higher because there is an increase in absorption, the largest production contribution comes from Tomori," Ekariza said.

In addition to Tomori, the contribution of PHE gas production comes from Offshore North West Java (ONWJ) block, Jambi Merang and West Madura Offshore (WMO).

IN INDONESIA

Produksi Gas PHE Kuartal I Naik Dua Persen

PT Pertamina Hulu Energi, anak usaha PT Pertamina (Persero) di sektor hulu telah mencatat produksi gas 777 juta kaki kubik per hari (MMSCFD) sepanjang Januari-Maret 2018. Naik 2% dibanding periode yang sama 2017 sebesar 765 MMSCFD.

“Pada 2018, PHE menetapkan target produksi bulan Maret sebesar 767,8 MMSCFD, realisasinya 1,2% Iebih tinggi,” kata Direktur Utama PHE, R. Gunung

Sardjono Hadi.

Gunung menambahkan untuk produksi minyak PHE pada tiga bulan pertama 2018 tercatat 63,037 barrel oil per day (BOPD), tidak jauh berbeda dibanding periode yang sama 2017 sebesar 62,623 BOPD. 

“PHE pada 2018 menargetkan produksi minyak bulan Maret sebesar 65,243 BOPD, sehingga produksi Maret 2018 tercatat 96,6% dari target,” terangnya.

Untuk itu PHE akan mempercepat monetisasi cadangan PHE dengan menerapkan strategi klasterisasi sumber cadangan. Strategi ini bisa digunakan di wilayah kerja yang memiliki cadangan gas tidak terlalu besar, namun bisa segera dimonetisasi.

Dengan klasterisasi PHE tidak lagi berpikir hanya menunggu pembeli gas, namun berinovasi bagaimana menciptakan pasar meskipun memiliki cadangan besar akan percuma jika tidak ada penyerap gas. 

“Jadi tidak tergantung pasar, tapi menciptakan pasar. Itu yang sekarang kami kejar adapun konsep monetisasi gas dibikin klaster. Jadi kami juga harus berpikir bagaimana bisa masuk ke midstream,” jelas Gunung.

Ia mencontohkan pengembangan gas di Senoro, gas Senoro tidak akan pernah dimonetisasi andai kata tidak terbangun fasilitas kilang serta regasifikasi Donggi-Senoro Liquid Natural Gas (DSLNG) yang bekerja sama dengan beberapa perusahaan. Untuk itu PHE juga akan Iebih membuka diri dalam menjalin kerja sama dengan perusahaan lain.

“Seperti Senoro kalau tidak ada DSLNG itu tidak akan dikembangkan, itu salah satu contoh untuk pengembangan Iain. Kami mencoba mencari dan menciptakan pasar baru, jadi kami tidak duduk manis menunggu datang pembeli,” ujarnya.

Sementara itu, menurut Direktur Operasi dan Produksi PHE, Ekariza, realisasi produksi gas PHE sangat tergantung dari penyerapan di pasar. Jika penyerapan pasar besar, maka PHE bisa meningkatkan produksi gasnya.

”Produksi gas kuartal I Iebih tinggi karena ada peningkatan penyerapan, kontribusi produksi terbesar berasal dari Tomori,” kata Ekariza.

Selain Tomori, kontribusi produksi gas PHE berasal dari blok Offshore North West Java (ONWJ), Jambi Merang dan West Madura Offshore (WMO)

Bhirawa, Page-5, Monday, May 28, 2018

Pertamina Hulu Energi Gas Production Increases

PT Pertamina Hulu Energi, a subsidiary of PT Pertamina (Persero) in the upstream sector, recorded gas production of 777 million cubic feet per day (MMSCFD) during January-March 2018, up 2% over the same period of 2017 of 765 MMSCFD.

"In 2018, PHE set a production target for March of 767.8 MMSCFD, realization of 1.2% higher," said Director of PHE R. Gunung Sardjono Hadi in Jakarta.

PHE oil production in the first three months of 2018 was 63.037 barrels oil per day (BOPD), not much different from the same period of 2017 of 62,623 BOPD.

"PHE in 2018 targeted oil production in March at 65,243 BOPD, so production in March 2018 was 96.6% of the target," Gunung said.

According to Gunung, PHE will accelerate the monetization of PHE reserves by implementing a backup source clustering strategy. This strategy can be used in the Work Area which has gas reserves not too large, but can be monetized immediately. With PHE clustering no longer thinks just waiting for gas buyers, but innovates how to create a market. The reason, although having large reserves will be useless if there is no gas absorber.

"So it does not depend on the market, but it creates the market. That's what we're after now. The concept of gas monetization is clustered. So we also have to think how to get into the midstream, "he said.

He cited the development of gas in Senoro. Senoro gas will never be monetized if the facility does not build the refinery and regasification DSLNG in cooperation with several companies. PHE will also be more open to cooperate with other companies.

"Like Senoro if there is no DSLNG it will not be developed. That's one example for another development. We try to find, create new markets. So we do not sit sweetly waiting to come buyers, "he said.

Meanwhile, Director of Operations and Production of PHE Ekariza added that PHE gas production realization depends on absorption in the market. If the absorption of large markets, then PHE can increase gas production. In addition to the Tomori Block, PHE gas production contribution comes from the Offshore North West Java (ONWJ) block, Jambi Merang and West Madura Offshore (WMO).

"First quarter gas production is higher because there is an increase in absorption. The largest production contribution comes from Tomori, "he said.

Tuban Block

Meanwhile, PHE is also targeting production in Tuban block for oil of 8.11 MBOPD and gas production of 11.11 MMSCFD. Meanwhile, for Ogan Komering, PHE targets gross production for oil of 1.95 MBOPD and gas production of 8.21 MMSCFD.

The target of the production of PHE inigas in the Company's Work Plan and Budget (RKAP) 2018 has also included the production of four terminated block of contracts to be managed by PHE. The four blocks are Tuban, Ogan Komering, Offshore South East Sumatra (OSES) and North Sumatra Offshore (NSO). Two of the four blocks, Tuban and Ogan Komering, the production sharing contract (PSC) have been signed on April 20, 2018 and are effective as of May 20, 2018.

However, for the Sukowati unitization field previously managed by Joint Operation Body (JOB) of Pertamina-PetroChina East Java from 20 May 2018 submitted to PT Pertamina EP Another block, Ogan Komering, the contract has also been signed on 20 April 2018 and effective on 20 May 2018. For undepreciated balance of Tuban and Ogan Komering block has been submitted by PHE to the Special Unit for Upstream Oil and Gas Business Unit (SKK Migas) and is currently awaiting verification and approval.

(CNOOC)

Until the end of 2017, JOB PPEJ oil production gross reach 10.5 MBOPD and gas production of 14.2 MMSCFD. Meanwhile, the production of Ogan Komering gross reached 2.25 MBOPD and gas production of 8.64 MMSCFD. In addition to Tuban and Ogan Komering, starting in October 2018 PHE will also begin to take over the management of OSES which is currently managed by China National Offshore Oil Corporation (CNOOC) SES Ltd. For NSOs, PHE has now become operator after 2015 acquired 100 percent of ExxonMobil's participation rights.

Investor Daily, Page-9, Friday, May 25, 2018

Mahakam Block Finally Managed Pertamina

Starting Monday, January 1, 2018, the management of the Mahakam block shifted from Total E & P Indonesia to Pertamina. The process begins with the delivery of Mahakam Work Area management from Total E & P Indonesia and Inpex Japan to the government represented by Head of SKK Migas Amien Sunaryadi, which then submitted to Pertamina represented by Director Hulu Syamsu Alam.

The following are facts about the takeover of the Mahakam Block from Total E & P Indonesia to PT Pertamina.

The Mahakam Block

Starting January 1, 2018, Mahakam Block Officially Managed Pertamina January 1 Pertamina Manages Mahakam Block, Indonesia's Largest Oil Field in Mahakam Block, Deputy Minister of EMR: Insha Allah, 31 December 100% to Pertamina.

1. Changed Name

Having been controlled by foreign parties for 50 years, the Mahakam block is now renamed Work Area (WK) managed by Pertamina Hulu Mahakam (PHM), which is mentioned as the grandson of Pertamina company. Previously the management was in the hands of Total E & P Indonesia and lnpex Japan for 50 years.

2. Transition Through Several Stages

Pertamina during the transition period has made various efforts and coordination with all parties. Given the management of the Mahakam Working Area as a state duty to be carried out in accordance with the main tasks, and Pertamina functions as a SOE.

"Management is carried out while maintaining the production of the Mahakam Block Working Area whose peak production reservoir in the 2003-2009 period has been exceeded.

PHM controls operating costs and keeps QHSSE (Quality, Health, Safety, Security and Environment) in operation, "Pertamina Upstream Director Syamsu Alam said.

Previously, Pertamina has successfully proven the management of post-mining oil and gas blocks, Offshore North West Java (ONWJ) Block in 2009, and West Madura Offshore (WMO) in 2011.

3. Mahakam Block Potentially Profitable

Based on SKK Migas data as of November 2017, the Mahakam Working Area produces oil and condensate of 52 thousand barrels of oil per day, and 1.360 million cubic feet of natural gas per day. That's what makes the Mahakam Block has enough potential promising, with evidence as of January 1, 2018 of 4.9 trillion Cubic Feet (TCF) of gas, 57 million barrels of oil, and 45 million barrels of condensate.

Meanwhile, in the Work Program and Budget Agreement (WP & B) 2018, SKK Migas targets PHM production of 42.01 thousand barrels of oil per day, and 916 mmscf of gas per day. This figure is planned to be achieved by drilling development wells of 69 wells, 132 workover wells, 5623 repair wells, and POFD 5 oil and gas fields in the Working Area of Mahakam.

IN INDONESIA

Blok Mahakam Akhirnya Dikelola Pertamina

Mulai Senin 1 Januari 2018 pengelolaan Blok Mahakam beralih dari Total E&P Indonesia ke Pertamina. Proses diawali dengan penyerahan pengelolaan Wilayah Kerja Mahakam dari Total E&P Indonesia dan Inpex Jepang kepada pemerintah yang diwakili oleh Kepala SKK Migas Amien Sunaryadi, yang selanjutnya diserahkan ke Pertamina diwakili oleh Direktur Hulu Syamsu Alam.

Berikut ini merupakan fakta-fakta tentang pengambilalihan Blok Mahakam dari Total E & P Indonesia ke PT Pertamina. 

Mulai 1 Januari 2018, Blok Mahakam Resmi Dikelola Pertamina 1 Januari Pertamina Kelola Blok Mahakam, Ladang Migas Terbesar di Indonesia di Blok Mahakam, Wakil Menteri ESDM: Insya Allah, 31 Desember 100% ke Pertamina. 

1. Berubah Nama 

Setelah dikuasai pihak Asing selama 50 Tahun, Blok Mahakam kini berganti nama menjadi Wilayah Kerja (WK) dikelola oleh Pertamina Hulu Mahakam (PHM) yang disebut-sebut sebagai cucu perusahaan Pertamina. Sebelumnya pengelolaan berada di tangan Total E&P Indonesia dan lnpex selama 50 tahun.

2. Peralihan Melalui Beberapa Tahap 

Pihak Pertamina selama masa peralihan telah melakukan berbagai upaya dan koordinasi dengan semua pihak. Mengingat pengelolaan Wilayah Kerja Mahakam sebagai tugas negara yang akan dijalankan sesuai tugas pokok, dan fungsi Pertamina sebagai BUMN

"Pengelolaan dilaksanakan dengan tetap menjaga produksi Wilayah Kerja blok Mahakam yang masa puncak produksi reservoirnya pada periode 2003-2009 telah terlewati. 

PHM mengontrol biaya operasi dan tetap mengedepankan QHSSE (Quality, Health, Safety, Security and Environment) dalam operasionalnya," kata Direktur Hulu Pertamina Syamsu Alam.

Sebelumnya, Pertamina telah berhasil membuktikan pengelolaan blok migas pascaterminasi, yakni Blok Offshore North West lava (ONWJ) pada 2009, dan West Madura Offshore (WMO) pada 2011.

3. Blok Mahakam Berpotensi Menguntungkan 

Berdasarkan data SKK Migas per November 2017, Wilayah Kerja Mahakam berproduksi minyak dan kondensat sebesar 52 ribu barel minyak per hari, dan 1.360 juta kaki kubik gas bumi per hari. Hal itu yang menjadikan Blok Mahakam memiliki potensi yang cukup menjanjikan, dengan bukti per 1 Januari 2018 sebesar 4,9 Tiliun Cubic Feet (TCF) gas, 57 juta barel minyak, serta 45 juta barel kondensat.

Sedangkan, pada Persetujuan Program Kerja dan Anggaran (WP&B) 2018, SKK Migas menargetkan produksi PHM 42,01 ribu barel minyak per hari, dan 916 mmscf gas per hari. Angka tersebut direncanakan tercapai dengan adanya pengeboran sumur pengembangan sebanyak 69 sumur, 132 workover sumur, 5623 perbaikan sumur, serta POFD 5 lapangan migas di Wilayah Kerja Mahakam.

Harian Bangsa, Page-4, Tuesday, Jan 2, 2018