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Showing posts with label PHE-WMO. Show all posts
Showing posts with label PHE-WMO. Show all posts

Wednesday, January 22, 2020

PHE Jambi Merang Wins Proper Gold for the fourth time



PT Pertamina Hulu Energi (PHE) through its subsidiary, PHE Jambi Merang won the Gold Award in the Company Performance Rating Program in Environmental Management (Proper) held by the Ministry of Environment and Forestry (KLHK).

The award is a success of PHE synergy with the community and the environment around the Work Area through various excellent programs that produce positive innovation.

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

Besides PHE Jambi Merang, PHE through PHE West Madura Offshore (WMO); PHE Ogan Komering; PHE-JOB Tomori; and PHE NSO also won the Green PROPER title. The award was given by Vice President KH Ma'ruf Amin and KLHK Minister Siti Nurbaya Bakar in the PROPER award event at the Vice President's Palace in Jakarta.

Meidawati, President Director of PHE, said that the PROPER award achieved proves PHE's performance by continuing to apply aspects of the green industry that adhere to regulations and the environment.

"In the future PHE will continue to improve its safety performance, and be able to implement work activities in line with the Triple Bottom Line (Profit, People & Planet) in order to create a work environment that supports sustainable development through the PHE community empowerment program," Meidawati said.

Jambi Merang PHE was officially managed 100% by PHE on February 10, 2019. Jambi Merang PHE has two operating fields namely Kenawang River and Pulau Gading which are located in Bayung Lencir District, Musi Banyuasin Regency, South Sumatra. The first production in the Jambi Merang Block began in April 2011. Throughout 2019, Jambi Merang's production, including Gelam unitization was 85.42 cubic feet per day (MMSCFD) and condensate 4,468 barrels of oil per day (BOPD).

PHE Jambi Merang is committed to supporting an increase in national production. In 2014 the Jambi Merang PHE reached peak production at 129 BBUTD for gas and 6,100 BOPD. Want to repeat the achievements of the PROPER Gold achieved successively from 2016 to 2018, in 2019 PHE Jambi Merang focused on floating IPAL activities, Clean Water ATMs, SAD Filter Swing, Bara Biri, Express Compost, and Smart Watches.

Tribal Child Development In the fields of education, economy and environment also becomes the focus of Jambi Merang's PHE concern for the surrounding environment. In 2019 a number of achievements in the development of the Suku Anak Dalam have been achieved including 16 Family Heads (KK) who have understood the concept of cutting off activities, the development of the SAD Website, four lebung for fish pasture and water availability, participation of Jambi Merang PHE workers through adoption of trees, as many as eight children have received formal education, as well as responsive education in Forest and Land Fires.

For the Lentera Lestari Lestari Lalan Ecoriparian program, in 2019 managed to record the achievement of 100 students getting the socialization of reducing plastic waste at the Lenoir Bayung Elementary School, 50 people received clean river and ecological education, with an additional income of Rp. 175 million per year and the income obtained by SERSAN is Rp. 25 million per year from the management of Lorama Diorama.

IN INDONESIA

PHE Jambi Merang Raih Proper Emas untuk keempat Kali 


PT Pertamina Hulu Energi (PHE) melalui anak usahanya, PHE Jambi Merang memenangkan Predikat Emas dalam Program Penilaian Peringkat Kinerja Perusahaan dalam Pengelolaan Lingkungan (Proper) yang digelar Kementerian Lingkungan Hidup dan Kehutanan (KLHK). 

Penghargaan tersebut merupakan keberhasilan sinergi PHE dengan masyarakat dan lingkungan sekitar Wilayah Kerja melalui beragam program unggulan yang menghasilkan inovasi positif. 
Selain PHE Jambi Merang, PHE melalui PHE West Madura Offshore (WMO); PHE Ogan Komering; PHE-JOB Tomori; dan PHE NSO juga berhasil mendapatkan predikat PROPER Hijau. Penghargaan diberikan Wakil Presiden KH Ma’ruf Amin dan Menteri KLHK Siti Nurbaya Bakar dalam ajang penghargaan PROPER di Istana Wakil Presiden Jakarta.

Meidawati, Direktur Utama PHE, mengatakan penghargaan PROPER yang diraih membuktikan kinerja PHE dengan terus menerapkan aspek green industry yang taat pada peraturan dan lingkungan.

“Di masa yang akan datang PHE akan terus meningkatkan kinerja amannya, serta mampu menerapkan kegiatan kerja sejalan dengan Triple Bottom Line (Profit, People & Planet) agar tercipta lingkungan kerja yang mendukung pembangunan berkelanjutan melalui program pemberdayaan masyarakat PHE,” ujar Meidawati.

PHE Jambi Merang resmi dikelola 100% oleh PHE pada 10 Februari 2019. PHE Jambi Merang memiliki dua lapangan operasi yakni Sungai Kenawang dan Pulau Gading yang terletak di Kecamatan Bayung Lencir, Kabupaten Musi Banyuasin Sumatera Selatan. Produksi pertama di Blok Jambi Merang dimulai pada April 2011. Sepanjang 2019, produksi Jambi Merang, termasuk unitisasi Gelam sebesar 85,42 kaki kubik per hari (MMSCFD) dan, kondensat 4.468 barrel oil per day (BOPD).

PHE Jambi Merang berkomitmen untuk mendukung peningkatan produksi nasional. Pada 2014 PHE Jambi Merang berhasil mencapai puncak produksi pada 129 BBUTD untuk gas dan 6.100 BOPD. lngin mengulang prestasi PROPER Emas yang diraih berturut-turut sejak 2016 hingga 2018, pada 2019 PHE Jambi Merang memfokuskan pada kegiatan IPAL Apung, ATM Air Bersih, Ayunan Filter SAD, Bara Biri, Kompos Ekspres, dan Jam Cerdas. 

Pengembangan Suku Anak Dalam di bidang pendidikan, ekonomi dan lingkungan pun menjadi fokus kepedulian PHE Jambi Merang terhadap lingkungan sekitar. Pada 2019 sejumlah capaian dalam pengembangan Suku Anak Dalam telah diraih antara lain sebanyak 16 Kepala Keluarga (KK) telah memahami konsep mengenai kegiatan tunda tebang, pengembangan Website SAD, empat lebung untuk kelesterian ikan dan ketersediaan air, partisipasi pekerja PHE Jambi Merang melalui adopsi pohon, sebanyak delapan anak telah memperoleh pendidikan formal, serta pendidikan tanggap Kebakaran Hutan dan Lahan.

Untuk program Ekoriparian Lentera Lestari Lalan, pada 2019 berhasil mencatat capaian berupa 100 siswa mendapatkan sosialisasi pengurangan sampah plastik di Sekolah Dasar Bayung Lenoir, 50 orang mendapatkan edukasi bersih sungai dan ekoriparian, pendapatan tambahan masyarakat sebesar Rp. 175 juta per tahun, dan pendapatan yang diperoleh SERSAN sebesar Rp. 25 juta per tahun dari pengelolaan Diorama Lalan.

Investor Daily, Page-9, Friday, Jan 10, 2020

Thursday, January 16, 2020

PHE Targets Increasing Oil and Gas Lifting



PT Pertamina Hulu Energi (PHE), a subsidiary of PT Pertamina (Persero), targets production-ready to sell or lift oil and gas 2020 by 181,510 barrels of oil equivalent per day (boepd) or up 3.32% compared to the target in the Work Plan and Corporate Budget (RKAP) 2019 of 175,674 boepd.

Meanwhile, PHE 2020 oil and gas lifting targets include oil lifting of 83,100 barrels of oil per day (bopd) and gas sales of 570.11 million cubic feet per day (MMscfd). Meanwhile, in the 2019 RKAP, 76,971 bopd of oil lifting and 572 MMscfd of gas. Until the end of October 2019, PHE recorded 178,208 boepd of oil and gas lifting. Oil and gas lifting consists of lifting oil 77,179 bopd and gas sales of 585 MMscfd.

"Projections until the end of the year, oil and gas lifting reaches 178,052 boepd or 101% of the target in the 2019 RKAP. Lifting oil is 100% of the target and gas is 102% of the target," said PHE Managing Director Meidawati.

In the 2020 oil and gas lifting target, Meidawati said it still relies on the Offshore North West Java (ONWJ) PHE as the largest contributor to the lifting of oil PHE, which until October 2019 was recorded at 25,788 boepd. Besides ONWJ, there is also PHE Offshore Southeast Sumatra (OSES) which also contributed greatly to reach 25,331 bopd.

The ready-to-sell production from ONWJ and OSES is part of the PHE which has a 90% participation or participating interest (PI). He added, other contributors came from PHE CPP (BOB) 4,763 bopd, Sulawesi PHE Tomori of 3,729 bopd, PHE Jambi Merang of 3,599 bopd, and PHE West Madura Offshore (PHE WMO) with the acquisition of 3,116 bopd.

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

In addition, the largest contributor to natural gas lifting was PHE Tomori Sulawesi, amounting to 146.8 MMscfd. Regarding the PI scale, PHE is recorded to control 50% of PHE in the Tomori Block. In addition to the Sulawesi Tomori PHE, WMO PHE recorded 94.5 MMscfd of gas lifting, PHE ONWJ 73 MMscfd, and Jambi Merang PHE 68.3 MMscfd. To succeed in the performance of 2019, PHE has also drilled two exploration wells, 35 development wells, and 39 workover wells per October. For 2D seismic, it reaches 4,291 km, and 3D seismic reaches 95 km2.

The total investment cost that has been spent reaches the US $ 216 million until October 2019. Until the end of 2019, the investment costs used are estimated at US $ 328 million.

"Until the end of 2019, we will try to do total drilling. 5 exploration wells and 43 development wells ", he added.

Although oil and gas lifting is estimated to be higher than the target, net profit is projected to decline. In the 2019 RKAP, PHE's net profit is targeted to reach the US $ 592 million. However, the prognosis until the end of the year is the only US $ 421 million with the realization up to October worth the US $ 370 million. Meidawati explained, oil prices were the main factor in not achieving the net profit target this year. According to him, the target is based on oil price assumptions in the range of US $ 70 per barrel. However, the average oil price this year is in the range of US $ 63 per barrel.

"The target might be achieved if suddenly the oil price becomes the US $ 100 per barrel until the end of the year. When viewed from the maximum production, but this price is indeed very influential and something we cannot control, "he said.

Meanwhile, for next year it targets a net profit of US $ 487.03 million.

TECHNICAL CONSTRAINTS

Meanwhile, Pertamina Upstream Director Dharmawan Samsu said that next year's production target was very heavy and challenging. This year, technical obstacles haunt the achievement of Pertamina's oil and gas production.

"We have to make sure the drilling is no longer late because yesterday we were late for the procurement of offshore rigs," he said.

Dharmawan explained the 2020 oil and gas production target of 923,000 boepd, would be obtained from the contribution of oil and gas production from Pertamina's upstream operations in the country of 765,000 boepd. Oil production is estimated to reach 323,000 BPD of oil production and 2,559 MMscfd of gas production. Meanwhile, contributions from Pertamina's upstream operations abroad (PIEP) of oil and gas production amounted to 158 Mboepd, consisting of oil production of 107 Mbopd and gas 298 MMscfd.

"The overall prognosis of Pertamina's oil and gas production in 2019 reaches 906,000 boepd consisting of 414,000 bopd of oil production and 2,850 MMscfd of gas," he added.

IN INDONESIA

PHE Menargetkan Kenaikan Lifting Migas


PT Pertamina Hulu Energi (PHE), anak usaha PT Pertamina (Persero), menargetkan produksi siap jual atau lifting minyak dan gas bumi 2020 sebanyak 181.510 barel setara minyak per hari (boepd) atau naik 3,32% dibandingkan dengan target dalam Rencana Kerja dan Anggaran Perusahaan (RKAP) 2019 sebanyak 175.674 boepd.

Adapun, target lifting migas PHE 2020 meliputi lifting minyak sebanyak 83.100 barel minyak per hari (bopd) dan penjualan gas sebanyak 570,11 juta kaki kubik per hari (MMscfd). Sementara itu, pada RKAP 2019, lifting minyak sebanyak 76.971 bopd dan gas 572 MMscfd. Hingga akhir Oktober 2019, PHE mencatat lifting migas sebanyak 178.208 boepd. Lifting migas terdiri atas lifting minyak 77.179 bopd dan penjualan gas sebanyak 585 MMscfd. 

“Proyeksi hingga akhir tahun, lifting migas mencapai 178.052 boepd atau 101% dari target pada RKAP 2019. Lifting minyak 100% dari target dan gas 102% dari target,” ujar Direktur Utama PHE Meidawati.

Pada target lifting migas tahun 2020, Meidawati menyatakan pihaknya masih mengandalkan PHE Offshore North West Java (ONWJ) sebagai kontributor terbesar lifting minyak PHE, yang hingga Oktober 2019 tercatat sebanyak 25.788 boepd. Selain ONWJ, ada pula PHE Offshore Southeast Sumatra (OSES) yang juga berkontribusi besar yakni mencapai 25.331 bopd.

Produksi siap jual dari ONWJ dan OSES tersebut merupakan bagian PHE yang memiliki hak partisipasi atau particpating interest (PI) sebesar 90%. Dia menambahkan, kontributor lainnya datang dari PHE CPP (BOB) 4.763 bopd, PHE Tomoli Sulawesi sebesar 3 .729 bopd, PHE Jambi Merang sebesar 3.599 bopd, dan PHE West Madura Offshore (PHE WMO) dengan perolehan lifting 3.116 bopd.

Selain itu, lifting gas bumi kontributor terbesar adalah PHE Tomori Sulawesi sebanyak 146,8 MMscfd. Terkait dengan besaran PI, PHE tercatat menguasai 50% PHE di Blok Tomori. Selain PHE Tomori Sulawesi, PHE WMO mencatat lifting gas sebesar 94,5 MMscfd, PHE ONWJ 73 MMscfd, dan PHE Jambi Merang 68,3 MMscfd. 

    Untuk menyukseskan kinerja 2019, PHE juga telah melakukan pengeboran dua sumur eksplorasi, 35 sumur pengembangan, dan 39 sumur work over per Oktober. Untuk seismik 2D mencapai 4.291 km dan seismik 3D mencapai 95 km2.

Total biaya investasi yang telah dikeluarkan mencapai US$216 juta hingga Oktober 2019. Hingga akhir 2019, biaya investasi yang digunakan diestimasi mencapai US$328 juta.

“Hingga akhir tahun 2019, kami berupaya melakukan pengeboran total. 5 sumur eksplorasi dan 43 sumur pengembangan”, tambahnya. 

Kendati lifting migas diperkirakan lebih tinggi dari target, laba bersih justru diproyeksi mengalami penurunan. Dalam RKAP 2019, laba bersih PHE ditargetkan mencapai US$ 592 juta. Namun, prognosis hingga akhir tahun hanya senilai US$421 juta dengan realisasi hingga Oktober senilai US$ 370 juta. 

     Meidawati menjelaskan, harga minyak menjadi faktor utama tidak tercapainya target laba bersih pada tahun ini. Menurutnya, target tersebut berdasarkan asumsi harga minyak pada kisaran US$70 per barel. Namun, rata-rata harga minyak sepanjang tahun ini berada pada kisaran US$ 63 per barel.

“Target mungkin tercapai kalau tiba-tiba harga minyak jadi US$100 per barel sampai akhir tahun. Kalau dilihatkan dari produksi sudah maksimal, tapi harga ini memang sangat berpengaruh dan sesuatu yang tidak bisa kami kendalikan,” tuturnya.

Adapun, untuk tahun depan pihaknya menargetkan laba bersih senilai US$487,03 juta.

KENDALA TEKNIS

Sementara itu, Direktur Hulu Pertamina Dharmawan Samsu mengatakan bahwa target produksi tahun depan sangat berat dan menantang. Tahun ini, kendala teknis menghantui pencapaian produksi migas Pertamina.

“Kami harus pastikan pengeboran tidak telat lagi, karena kemarin kami telat untuk pengadaan rig offshore,” katanya.

Dharmawan menjelaskan target produksi migas 2020 sebanyak 923.000 boepd, akan didapatkan dari kontribusi produksi migas dari operasi hulu Pertamina di dalam negeri sebanyak 765.000 boepd. Untuk produksi minyak diperkirakan mencapai 323.000 bph produksi minyak dan produksi gas 2.559 MMscfd.

      Sementara itu, kontribusi dari operasi hulu Pertamina di luar negeri (PIEP) produksi migas sebesar 158 Mboepd, terdiri atas produksi minyak sebesar 107 Mbopd dan gas 298 MMscfd.

“Prognosis produksi migas Pertamina 2019 secara keseluruhan mencapai 906.000 boepd terdiri dari produksi Minyak 414.000 bopd dan gas 2.850 MMscfd,” tambahnya.

Bisnis Indonesia, Page-9, Saturday, Dec 14, 2019

Wednesday, December 19, 2018

Remove Multilevel Traders, Not Guarantee Gas Prices Down



However, the abolition of multilevel gas traders does not always reduce gas prices. The gas distribution regime in stages has ended. This year, the Ministry of Energy and Mineral Resources (ESDM) abolished multilevel gas traders, who have been considered to be an obstacle to accelerating gas shipments to end users. By removing multilevel gas traders, the government is now reallocating (reallocating) six gas contracts to at least eight business entities.

Later, gas supply can be more smoothly. The order is the supply of gas from the source (oil and gas contractor) to the business entity and forwarded to the end user. This is the mandate of ESDM Minister Regulation Number 6 of 2016 concerning Provisions and Procedures for Determining the Allocation and Utilization and Price of Natural Gas.

Before that rule, the flow of gas supply was very long. In order, the supply from the gas source is sent to the business entity. Then sent again to the level one consumer trader (trader), then goes to the second level consumer trader. Deputy Minister of ESDM Arcandra Tahar said the government had completed all cases of gas traders.

Arcandra Tahar

"All have been allocated," he said at the ESDM Ministry Office.

In addition to reallocation, the Gas Sale and Purchase Agreement (PJBG) from the business entity to the end user has also been signed.

"There is no problem with the PJBG," Arcandra said.

By trimming multilevel gas traders, he explained, this could not necessarily reduce gas prices to end users. Because, the decline in gas prices depends on the PJBG.

Referring to data obtained by KONTAN, there are six reallocation letters issued by the Ministry of Energy and Mineral Resources. First, the reallocation of gas from Jatinegara Field owned by PT Pertamina EP to PT Bayu Buana Gemilang. Previously, the gas from PT Pertamina's subsidiary for PT Sinergi Patriot was later sold to PT Pasundan Resources. Then the company sold it back to PT Bayu Buana Gemilang.

PT Pertamina Hulu Energi West Madura Offshore (PHE WMO)

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

Second, the reallocation of gas from PT Pertamina Hulu Energi West Madura Offshore (PHE WMO) to PT Perusahaan Gas Negara Tbk (PGAS). Previously, the gas from the WMO Block was allocated first to PT Gresik Migas, then to PGAS. Third, the reallocation of gas supply from JOB PHE-Talisman Jambi Merang to PT Inti Daya Latu Prima and PGAS. This gas allotment was previously sold to PT Pembangunan Batam City before the two Inti Daya and PGAS business entities.

Fourth, the gas allocation from JOB PHE-Talisman Jambi Merang was reallocated from PT Riau Investment Development to PT Gagas Energi Indonesia. Previously, the supply flowed first to the Riau Investment Development then to PT Taruko Energi, which was just bought by Gagas Energi. Fifth, supplies from Pulau Gading Field and Kemawang JON River PHE-Talisman Jambi Merang were reallocated from PDPDE South Sumatra to PT PDPDE Gas.

Supply from the field was previously sold first to South Sumatra PDPDE before being purchased by PDPDE Gas. Sixth, the supply from Terang Sirasun Batur (TSB) Field, which was worked out by Kangean Energy Indonesia LTD, was reallocated to PT Bayu Buana Gemilang and PT Sarana Cepu Energi.

Fahmy Radhi
Energy Economics Observer from UGM
and Former Member of the Oil and Gas Anti-Mafia Team

Energy and Mining Observer at Gadjah Mada University (UGM), Fahmy Radhi assessed, with gas reallocation the possibility of gas prices could go down.

Gadjah Mada University (UGM)

"But the decline has not been significant," he said.

This is because the gas infrastructure is still small. Especially those built by PGAS and Pertagas that have not reached all end users.

"So, without the addition of pipelines, it is impossible for gas prices to be reduced to the equivalent of gas prices in Malaysia," Fahmy concluded.

IN INDONESIAN

Hapus Trader Bertingkat, Tak Jamin Harga Gas Turun


Namun, penghapusan trader gas bertingkat tidak selalu menurunkan harga gas. Rezim penyaluran gas secara bertingkat telah berakhir. Tahun ini, Kementerian Energi dan Sumber Daya Mineral (ESDM) menghapus trader gas bertingkat, yang selama ini dinilai menjadi penghambat percepatan pengiriman gas kepada pengguna akhir (end user). Dengan menghapus trader gas bertingkat, pemerintah kini mengalokasikan ulang (realokasi) enam kontrak gas kepada sedikitnya delapan badan usaha. 

Kelak, pasokan gas bisa semakin lancar. Urutannya adalah pasokan gas dari sumber (kontraktor migas) ke badan usaha dan diteruskan ke pengguna akhir. Ini merupakan amanat Peraturan Menteri ESDM Nomor 6 Tahun 2016 tentang Ketentuan dan Tata Cara Penetapan Alokasi dan Pemanfaatan serta Harga Gas Bumi.

Sebelum aturan itu, alur pasokan gas sangat panjang. Urutannya, pasokan dari sumber gas dikirim ke badan usaha. Selanjutnya dikirim lagi ke badan usaha (trader) konsumen tingkat satu, kemudian masuk ke trader konsumen tingkat dua. Wakil Menteri ESDM Arcandra Tahar mengatakan pemerintah telah menyelesaikan seluruh kasus trader gas.

"Sudah dialokasi semua," ungkap dia di Kantor Kementerian ESDM.

Selain realokasi, Perjanjian Jual Beli Gas (PJBG) dari badan usaha ke pengguna akhir pun sudah ditandatangani.

"Tidak ada masalah dengan PJBG," kata Arcandra.

Dengan pemangkasan trader gas bertingkat, dia menjelaskan, hal tersebut tidak lantas bisa menurunkan harga gas ke pengguna akhir. Sebab, penurunan harga gas tergantung PJBG.

Mengacu data yang diperoleh KONTAN, ada enam Surat realokasi yang diterbitkan Kementerian ESDM. Pertama, realokasi gas dari Lapangan Jatinegara milik PT Pertamina EP ke PT Bayu Buana Gemilang. Sebelumnya, gas dari anak usaha PT Pertamina itu untuk PT Sinergi Patriot kemudian dijual ke PT Pasundan Resources. Lantas perusahaan ini menjualnya kembali ke PT Bayu Buana Gemilang.

Kedua, realokasi gas dari PT Pertamina Hulu Energi West Madura Offshore (PHE WMO) ke PT Perusahaan Gas Negara Tbk (PGAS). Sebelumnya, gas dari Blok WMO ini dialokasikan terlebih dulu ke PT Gresik Migas, kemudian ke PGAS. Ketiga, realokasi pasokan gas dari JOB PHE-Talisman Jambi Merang ke PT Inti Daya Latu Prima dan PGAS. Jatah gas ini sebelumnya dijual ke PT Pembangunan Kota Batam terlebih dulu sebelum ke dua badan usaha Inti Daya dan PGAS. 

Keempat, jatah gas dari JOB PHE-Talisman Jambi Merang direalokasi dari PT Pengembangan Investasi Riau ke PT Gagas Energi Indonesia. Sebelumnya, pasokan mengalir dulu ke Pengembangan Investasi Riau kemudian ke PT Taruko Energi, baru dibeli oleh Gagas Energi. Kelima, pasokan dari Lapangan Pulau Gading dan Sungai Kemawang JON PHE-Talisman Jambi Merang direalokasi dari PDPDE Sumatra Selatan ke PT PDPDE Gas. 

Pasokan dari lapangan itu sebelumnya dijual dulu ke PDPDE Sumatra Selatan sebelum dibeli oleh PDPDE Gas. Keenam, pasokan dari Lapangan Terang Sirasun Batur (TSB) yang digarap Kangean Energy Indonesia LTD direalokasi ke PT Bayu Buana Gemilang dan PT Sarana Cepu Energi.

Fahmy Radhi
Pengamat Ekonomi Energi dari UGM
dan Mantan Anggota Tim Anti Mafia Migas

Pengamat Energi dan Pertambangan Universitas Gadjah Mada (UGM), Fahmy Radhi menilai, dengan realokasi gas kemungkinan harga gas bisa bisa turun. 

"Tapi penurunannya belum signifikan," kata dia.

Hal itu lantaran infrastruktur gas masih sedikit. Terutama yang dibangun PGAS dan Pertagas yang belum menjangkau semua end user.

"Jadi, tanpa ada penambahan jaringan pipa, mustahil harga gas bisa diturunkan setara dengan harga gas di Malaysia, " pungkas Fahmy.

Kontan, Page-14, Wednesday, Dec 19, 2018

Friday, November 9, 2018

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