Maintain Production of Rokan Block Pertamina Agrees on 65 BBTUD Gas Supply

    PT Pertamina Hulu Rokan (PHR), a subsidiary of PT Pertamina Hulu Energi, signed two memorandums of understanding/MoU on gas supply of 65 billion British thermal units per day/BBTUD for the Rokan Block. The gas supply will be used in operations to maintain the production stability of the block.

The Tokan Block By Chevron

    The first MoU signed was with PetroChina International Jabung Ltd (PIJL) for gas supply for steam flood operations in the Rokan Block of 50 BBTUD, estimated to start flowing in 2023. The steam flood operation is an enhanced oil recovery/EOR activity for oil production in the Duri Field, Rokan Block.

Repsol 

    The second agreement with Repsol Sakakemang BV is 15 BBTUD. This supply is to fulfill gas needs for the operational needs of the Rokan Block after the handover of operations from PT Chevron Pacific Indonesia (CPI) on August 9, 2021.

PT Chevron Pacific Indonesia (CPI)

    Regarding the MoU with Repsol, Pertamina Hulu Energi President Director Budiman Parhusip said it would be valid for two years. This agreement will be the basis to conduct discussions and studies on the possibility of utilizing the potential supply of gas from the Sakakemang Block to fulfill gas needs in the Rokan Block.

"This gas sale and purchase activity can be carried out after PHR and Repsol Sakakemang BV have obtained an approval letter for gas allocation from the Government of the Republic of Indonesia," said Budiman.

PetroChina

    The same applies to the MoU with PetroChina Jabung. President Director of PT Pertamina Hulu Energi Jabung Taufik Adityawarman said that the gas supply would be used starting February 27, 2023, and was valid for one year. However, the realization of this gas supply is still waiting for the government's decision regarding the production sharing contract/PSC of the Jabung Block which ends on February 26, 2023.

"But that was after the seller signed the new Jabung Block cooperation contract with the Government of the Republic of Indonesia," explained Taufik.

    At the same time, the process of managing the Rokan Block continues. One of them is the existing contract mirroring process, which currently has reached 95% or 276 contracts out of a total of 290 contracts.

"The process of procuring goods and services at PHR for the Rokan block is carried out using several methods, namely mirroring for existing contracts at CPI and new procurement for contracts that do not yet exist in CPI or mirroring," said Pertamina Hulu President Director Rokan Jaffee. A Suardin.

    In addition, the procurement of PT Pertamina Hulu Rokan (PHR) is also through the Local Business Development (LBD) program. Currently, 260 LBD contracts will be processed separately involving around 690 LBD partners. The first stage of LBD socialization was carried out at the end of May and is in the process of contracting for the remainder of this month. PHR continues to seek to expand the involvement of the surrounding community.

Investor Daily, Page-9, Saturday, June 19, 2021

Pandemic Effects Of The Upper Oil and Gas Load

 

The national oil and gas industry is not yet optimally producing significant results in the first quarter of 2021. The realization of ready-to-sell production is still below the target.

Blogger Agus Purnomo in SKK Migas

Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soetjipto said the realization of ready-to-sell production or oil and gas lifting during the first quarter of 2021 was 1,665.25 Mboepd or 97.3% of this year's APBN target of 1,711.78 Mboepd.

In detail, the realization of oil lifting in the first quarter of 2021 was recorded at 676,200 barrels per day (BOPD), or only 96% of this year's APBN target of 705,000 BOPD. Likewise, the realization of natural gas lifting in the first quarter of 2021 was 5,539 MMScfd, or 98.2% of the APBN target of 5,638 MMscfd.

“From the oil side, the entry point at the end of 2020 is very low. At that time it was 699 MBOPD and because there was a decrease in investment, the level of production was not appropriate. That is one of the factors affecting the performance that was not achieved in the first quarter of 2021, "he said.

Exxon Mobil Cepu Ltd. (EMCL)

Dwi added that oil and condensate production missed plans in several fields. For example in the Banyu Urip field by Exxon Mobil Cepu Ltd. (EMCL) which experienced an increase in water cut and also in the Sukowati Tuban field in East Java by PT Pertamina EP. Dwi said Exxon Mobil Cepu (EMCL) and Pertamina EP contributed to the shortfall in the national lifting target of 10,000 bopd each.

BP

In addition, there has been a decline in the contribution of drilling several wells, namely Pertamina Hulu East Kalimantan and Minarak Brantas Gas. This condition was exacerbated by the unplanned shutdown in the first quarter of 2021 at Train-1 and Train 2 at BP Berau, CPGL Suban Plant, and at BGP Petrochina Jabung.

Petrochina

"We are trying to calculate, the year-end outlook will not reach 705,000 bopd, but we are trying to make a strategy for no decline in 2021. We can get closer as possible," Dwi said.

Pertamina EP

Meanwhile, the failure to achieve the realization of natural gas lifting was also partly due to the inability to achieve Pertamina EP production. In addition, there are differences in assumptions related to the completion of the Tangguh Train-3 project.

Dwi said that the Tangguh Train-3 project is assumed to be completed at the beginning of this year under these assumptions. But in reality, the project is declared to be shifted until the end of 2021 and there is a possibility that it will be completed next year.

Meanwhile, the organizational reshuffle that has taken place within the PT Pertamina (Persero) group is considered to be one of the causes for the low-performance achievement of this state-owned company in the upstream oil and gas sector. According to Dwi, this is a natural fit when there is an overhaul of the organizational structure. The reason is that the investment has not been able to take place smoothly.

“Subholding is a cause and a process. That usually happens, but Pertamina has carried out harmonization, "he said.

Based on SKK Migas data, in the first quarter of 2021, the Pertamina group cooperation contract contractors (KKKS) that did not meet the APBN oil lifting target included Pertamina EP which only reached 98.8% of the target, Pertamina Hulu Energi Oses 89% of the target, and Pertamina Hulu East Kalimantan 83.6%. Meanwhile, for the realization of natural gas lifting, only Pertamina EP did not reach the target of the Pertamina group with a realization of 99.8% of the target.

Dwi said SKK Migas has communicated directly with both the parent and the upstream sub-holding Pertamina regarding the investment process in the upstream oil and gas sector. SKK Migas has asked the state-owned company to speed up its investment process.

"In the last meeting, it has been announced that starting this month, the issue of waiting for FID is no longer allowed and it has been implemented. Pertamina has determined and raised the investment limit that can be made in the subsidiary, "he explained. Pertamina has stated that it is ready to increase its investment to increase operational performance by up to 20% this year.

Pertamina's Senior Vice President for Corporate Communications & Investor Relations Agus Suprijanto said that to achieve this target, Pertamina has set a Capital Expenditure / Capex budget of US $ 10.7 billion in 2021, a drastic increase from last year's CAPEX realization prognosis of US $ 4.7 billion.

Agus explained that from the total CAPEX, as much as 46% will be allocated for upstream oil and gas activities as an effort to ensure an increase in production and oil and gas reserves. The addition of oil and gas reserves is targeted to reach 696 MMboe or nearly four times the target of adding reserves last year.

Meanwhile, 36% of the CAPEX will be allocated to continue the development of refineries and petrochemicals, while the remaining 18% will be used for other business activities, including continuing the development of new and renewable energy.

"The budget shows Pertamina's high optimism to continue to grow and rise amid the Covid-19 pandemic by continuing the projects or business development that had been going on since the previous year and at the same time creating new initiative programs," said Agus.

OLD FIELD

Reforminer Institute founder Pri Agung Rakhmanto argues that lifting is difficult to reach the target because KKKS still continues to rely on old fields, leading to a downward trend.

According to him, the characteristics of the field in addition to the cost per barrel tend to increase and are difficult to predict technically in terms of production operations.

"This is the main technical reason why lifting often does not reach the target. From year to year, we will always struggle with this problem when talking about lifting achievements with the existing fields, "he said.

In connection with the low production of the Pertamina group, Pri Agung assessed that the main cause was not from overhauling the organizational structure through the formation of sub-holding.

"In my opinion, it has nothing to do with the holding sub-holding issue. Lifting is more on short-term managerial issues and operational technical matters, ”he explained.

Executive Director of the National Oil and Gas Companies Association (Aspermigas) Moshe Rizal said that almost all fields in Indonesia have reached their peak production period. So, it is natural for lifting to fall.

Therefore, it needs interventions such as the development of new fields or exploration. In addition, an enhanced oil recovery (EOR) program can be carried out for fields that have entered the secondary or tertiary production phase.

"The problem is that most fields have not prepared the EOR program from an early age so that the development of the EOR program is very expensive and often no longer goes into the field economy," he said.

He added that the low realization of national lifting was also caused by the attitude of investors who are still waiting for the situation to handle Covid-19. Even though the oil price has been very stable above $ 60 per barrel, the situation is still full of uncertainty.

"Investors will focus their investment in areas with lower risk, for example, fields that are already producing and still reduce exploration first," he explained.

Bisnis Indonesia, Page-4, Tuesday, April 27, 2021

Mudi-26 Field Increases PHE TEJ Production in Tuban

    Pertamina Hulu Energi Tuban East Java (PHE TEJ), continues to carry out its commitment to maintaining the country's energy security. One of them is the successful implementation of the Mudi-26 Well Drilling. 

Pertamina Hulu Energi Tuban East Java (PHE TEJ)

    The Mudi-26 Well Drilling was able to record production test results of 531 Barrel Oil Per Day (BOPD) This figure exceeds the initial target of 200 BOPD, thus increasing the production increase from the Mudi field in Tuban Block.

"The success of drilling the Mudi-26 well is one of the fulfillment of a definite commitment, the Mudi-26 infill well was drilled with a depth of 3,005 meters. This drilling takes 73 days of drilling and 12 days of completion, "said the acting General Manager of TEJ's PHE Riko Meidiya Putra.

    Riko explained that the Mudi-26 well was successfully produced in the Tuban Carbonate Formation layer. Apart from exceeding the production target, this well will also increase the oil and gas reserves of the Tuban Block in East Java and open up new opportunities for wells in the Mudi field.

"We express our deepest gratitude to all parties who have supported the success of drilling the Mudi-26 well. I hope that in the future PHE TEJ production will continue to increase so that it can participate in supporting the target of achieving national energy production," said Riko.

PetroChina

    Riko conveyed that the success of drilling the Mudi-26 well proves PHE Tuban East Java officers' ability to increase Mudi field production after the transition from the previous operator, namely, Joint Operating Body Pertamina PetroChina East Java (JOB-PPEJ). Additional production from Mudi-26 well is 531 BOPD brings the total production of PHE Tuban East Java oil to 1731 BOPD.

"This success is due to solid teamwork and prayers and support from all internal and external parties. Meanwhile, the Field Manager of PHE TEJ Taryono said that the Mudi-26 well drilling was successfully carried out by applying superior HSSE with zero LTI, zero TRIR, and no environmental issue results.

"PHE TEJ is a subsidiary of PT Pertamina Hulu Energi (PHE) which is engaged in the upstream oil and gas business in the Tuban Work Area (WA). PHE TEJ is officially 100 percent managed by PHE using a production sharing contract or gross split covering 4 Field Areas, namely Mudi, Lengowangi, South Bungoh, and Bogomiring Field Areas, "he said.

Harian Bangsa, Page-9, Friday, Feb 5, 2021

7 Oil Producers Exceed Production Targets

Seven Indonesian oil producers (Cooperation Contract Contractors / KKKS) exceeded the 2020 oil production target set in the State Budget (APBN).

The seven oil producers are ExxonMobil Cepu Ltd (EMCL), Chevron Pacific Indonesia, Pertamina Upstream Energy ONWJ, Medco E&P Natuna, Pertamina Upstream Sanga-Sanga, Medco E&P Rimau, and JOB Pertamina-Medco Tomori Sulawesi LTD. Exceeding the highest target was achieved by Medco E&P Natuna which reached 119.6% of the APBN target.

"We continue to supervise and increase the intensity of coordination with KKS Contractors to discuss steps to improve upstream oil and gas operational performance and program implementation in line with Work, Programs and Budget (WP&B) in 2020," said Head of the Special Task Force for Upstream Oil and Gas Business Activities, Dwi Soetjipto, in Jakarta.

Dwi Soetjipto

Based on SKK Migas notes, until early March 2020, there are a number of KKKS that have not reached their production targets due to several reasons.

"There are KKKS that have carried out activities, but the results obtained are not as high as predicted or have not reached the target, for that we will evaluate the KKKS program and ensure that production is on target," Dwi said.

To monitor the investment and production activities of the KKKS, SKK Migas is calling at the same time finding a solution with the KKKS that cannot realize the production according to the target. 

    Regarding KKKS that have not yet reached the target, Dwi said, his party continues to conduct evaluations to ensure that the activities they carry out can support the achievement of production targets in the coming years, primarily in achieving the target of 1 million barrels.

In addition to the 7 oil producers, there are four KKKS gas producers that exceed the channeling targets, namely Pertamina Hulu Mahakam, ENI Muara Bakau BV, Premier Oil Indonesia and Petrochina International Jabung LTD. The highest production exceeding was achieved by Premier Oil Indonesia, which reached 121.2% of the APBN calculation target

Investor Daily, Page-9, Wednesday, March 11, 2020

The Government Will Bid 12 Oil and Gas Blocks

The Ministry of Energy and Mineral Resources (ESDM) will auction 12 conventional and non-conventional oil and gas blocks this year. The ESDM Ministry is optimistic that there are still many investors interested in entering the national upstream oil and gas business. 

     Director of Upstream Business Development Directorate General of Oil and Gas at the ESDM Ministry Mustafid Gunawan said the 12 oil and gas blocks to be auctioned consisted of 10 conventional oil and gas blocks and two non-conventional oil and gas blocks.

Currently, his office is preparing a tender for 12 oil and gas blocks. However, he continued, not all oil and gas blocks will be auctioned together. In the initial stage, it will offer conventional oil and gas blocks first.

"Hoping this March or April conventional oil and gas blocks can be auctioned, 10 oil and gas blocks first," he said.

As for the auction of the two non-conventional oil and gas blocks, he said that they would do afterward. This is because it requires more time to prepare for conventional block auction, bearing in mind that the auction of conventional oil and gas blocks has been resumed after a long stop. Even last year, there was no auction for non-conventional oil and gas blocks.

"The [auction] non-conventional oil and gas block has long been [not done]. We are still looking for what [the strategy] is so that the non-conventional oil and gas block [auction] is even more active, ”explained Mustafid.

The preparation of the auction, which includes the cooperation contract / PSC scheme to be used, is the investment cost that can be returned (cost recovery) or gross profit sharing (gross split). It will see which scheme is more interesting from the technical side.

"What is clear, from the open leadership [whether using cost recovery or gross split, depending on technical results," he said.

Acting Director-General of Oil and Gas at the Ministry of Energy and Mineral Resources, Djoko Siswanto, added that Indonesia is currently still using the two PSC schemes. Of the 254 existing PSCs, only around 45 PSCs use a gross split scheme and the remainder a cost recovery scheme.

However, to avoid polemics, he will offer the two PSC schemes in the oil and gas block auction this year. Therefore, preparation for the auction requires a longer time. This is because it must calculate the amount of profit-sharing (split) offered to the contractor for each scheme so that the economy is the same.

"In terms of cost recovery, surely the government split is greater because it also shares costs. If the gross split, the government is small because the contractor is responsible for the cost. We need time to compare this because the exploration block auctioned is difficult to calculate its economy, "Djoko explained.

Still Interesting

Outside the oil and gas block auction, Mustafid revealed, there were very many international oil and gas companies that were interested in conducting exploration in open areas of Indonesia. Two of these companies are Neptune Energy and BP.

"BP is discussing conducting a survey outside its working area, as a diversion of commitment. This is still being processed, the funds are very large, "he said.

Separately, Deputy Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Fatar Yani Abdurrahman explained, his party had brought in oil and gas investors from various countries last year. Some of these oil and gas companies claim that oil and gas investment in Indonesia is increasingly attractive.

So far, interested companies are Neptune Energy, Premier Oil, Petrochina and BP. In line with Mustafid, BP will issue several new investments reaching the US $ 4 billion in new fields.

"This Indonesian oil and gas investment is still very interesting. Moreover, there are many basins that have not yet been explored, "said Fatar.

Mustafid added, the government is ready to support investors to enter the national upstream oil and gas business. One of them is by ensuring that the implementation of oil and gas data disclosure can take place in the next six months.

"What really determines [investment] about data, so the data is opened, can be accessed and can even be processed," he said.

This data disclosure is called using a membership system. At present, he is still calculating the amount of membership fees to access this data. Later if an oil and gas company becomes a member, then the contractor can access all existing oil and gas block data. However, if not registered as a member, oil and gas companies can only access basic data.

IN INDONESIA

Pemerintah Akan Lelang 12 Blok Migas

Kementerian Energi dan Sumber Daya Mineral (ESDM) akan melelang 12 blok migas konvensional dan non-konvensional pada tahun ini. Kementerian ESDM optimistis masih banyak investor yang berminat masuk di bisnis hulu migas nasional. 

    Direktur Pembinaan Usaha Hulu Direktorat Jenderal Minyak dan Gas Bumi Kementerian ESDM Mustafid Gunawan mengatakan, 12 blok migas yang akan dilelang ini terdiri dari 10 blok migas konvensional dan dua blok migas nonkonvensional. 

Saat ini, pihaknya sedang menyiapkan dokumen lelang 12 blok migas ini. Namun, lanjutnya, tidak seluruh blok migas akan dilelang bersamaan. Di tahap awal, pihaknya akan menawarkan blok migas konvensional terlebih dahulu.

“Berharap Maret atau April ini yang blok migas konvensional bisa dilelang, 10 blok migas dulu,” kata dia.

Sedangkan untuk lelang dua blok migas nonkonvensional, disebutnya akan dilakukan setelahnya. Hal ini lantaran pihaknya membutuhkan waktu lebih lama untuk menyiapkan lelang blok konvensional, mengingat lelang blok migas konvensional ini kembali dilakukan setelah sekian lama berhenti. Pada tahun lalu pun, tidak ada lelang blok migas nonkon-vensional.

“Yang [lelang] blok migas non-konvensional sudah lama [tidak dilakukan]. Kami masih mencari seperti apa [strateginya] agar [lelang] blok migas nonkonvensional lebih giat lagi,” jelas Mustafid.

Persiapan lelang yang dilakukan yakni termasuk skema kontrak kerja sama/PSC yang akan digunakan, apakah biaya investasi yang dapat dikembalikan (cost recovery) atau bagi hasil kotor (gross split). Pihaknya akan melihat skema mana yang lebih menarik dari sisi teknis.

“Yang jelas, dari pimpinan terbuka [apakah memakai cost recovery atau gross split, tergantung hasil teknis,” tuturnya.

Pelaksana Tugas Direktur Jenderal Minyak dan Gas Bumi Kementerian ESDM Djoko Siswanto menambahkan saat ini pun Indonesia masih menggunakan dua skema PSC tersebut. Dari 254 PSC yang ada saat ini, hanya sekitar 45 PSC yang memakai skema gross split dan sisanya skema cost recovery. 

Namun, untuk menghindari polemik pihaknya akan menawarkan kedua skema PSC tersebut dalam lelang blok migas tahun ini. Karenanya, persiapan lelang membutuhkan waktu lebih lama. Hal ini lantaran pihaknya harus menghitung besaran bagi hasil (split) yang ditawarkan ke kontraktor untuk masing-masing skema agar keekonomiannya sama.

“Kalau cost recovery, pasti split pemerintah lebih besar karena ikut tanggung cost. Kalau gross split, pemerintah kecil karena yang menanggung cost itu kontraktor. Kami perlu waktu untuk bandingkan ini, karena yang dilelang blok eksplorasi jadi sulit menghitung keekonomiannya,” jelas Djoko.

Masih Menarik

Di luar lelang blok migas, Mustafid mengungkapkan, sangat banyak perusahaan migas internasional yang berminat melakukan eksplorasi di wilayah terbuka Indonesia. Dua perusahaan diantaranya adalah Neptune Energy dan BP.

“BP sedang berdiskusi untuk lakukan survey di luar wilayah kerjanya, sebagai pengalihan komitmen. Ini masih diproses, dananya sangat besar sekali,” ujarnya.

Secara terpisah, Wakil Kepala Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Fatar Yani Abdurrahman menjelaskan, pihaknya telah mendatangkan investor migas dari berbagai negara pada tahun lalu. Beberapa perusahaan migas ini menyatakan bahwa investasi migas di Indonesia semakin menarik. 

Sejauh ini, perusahaan yang berminat adalah Neptune Energy, Premire Oil, Petrochina, dan BP. Senada dengan Mustafid, BP akan mengeluarkan beberapa investasi baru yang mencapai US$ 4 miliar di lapangan baru.

“Ini investasi migas Indonesia masih sangat menarik. Apalagi banyak basin-basin yang belum dieksplor,” tegas Fatar.

Mustafid menambahkan, pemerintah siap mendukung investor untuk masuk ke bisnis hulu migas nasional. Salah satunya yakni dengan memastikan implementasi keterbukaan data migas bisa berlangsung dalam enam bulan mendatang.

“Yang sangat menentukan [investasi] tentang data, jadi data dibuka, boleh di akses dan bahkan boleh diolah,” ungkapnya.

Keterbukaan data ini disebutnya menggunakan sistem keanggotaan. Saat ini, pihaknya masih menghitung berapa besaran iuran keanggotaan untuk mengakses data ini. Nantinya jika sebuah perusahaan migas menjadi anggota, maka kontraktor bisa mengakses seluruh data blok migas yang ada. Namun jika tidak terdaftar sebagai anggota, perusahaan migas hanya dapat mengakses data dasar.

Investor Daily, Page-9, Thursday, Jan 16, 2020

Pertamina Aims for ExxonMobil's Ration Oil in the Cepu Block

PT Pertamina (Persero) is negotiating with ExxonMobil Cepu Limited to purchase crude oil from the US oil and gas company in the Banyu Urip Field, Cepu Bojonegoro Block, East Java, Indonesia. The potential of oil that can be bought by Pertamina reaches 30 thousand barrels per day (bpd).

the Banyu Urip Field

Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM) Djoko Siswanto said that around 180 thousand bpd of oil from the contract of cooperation contract (KKKS) currently being sold domestically or to Pertamina. Now, Pertamina is negotiating for the purchase of crude oil with a volume of 30 thousand bpd from ExxonMobil.

According to Djoko, ExxonMobil Indonesia's President Louise McKenzie had informed that ExxonMobil had a schedule of negotiations with Pertamina.

"They have had a meeting appointment with Pertamina to continue the business to business discussion about their crude. "They hope to get satisfying results for all," he said.

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 its Mechanism business entity, referring to Article 4, the bidding must be carried out no later than three months prior to the start of the export recommendation period for all oil contractor parts.

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 the 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 negotiations must be reported to the Directorate General of Oil and Gas.

Previously, Deputy Minister of ESDM Arcandra Tahar said, until semester I-2018, the potential of oil that Pertamina could buy could reach 217 thousand bpd. However, as a whole, oil from the KKKS which has been exported and can be taken by Pertamina reaches 225 thousand bpd.

Some of the products of this KKKS are Chevron 92 thousand bpd, ExxonMobil 30 thousand bpd, Petronas Carigali 13,400 bpd, CNOCC 13 thousand bpd, Medco E & P Indonesia 11 thousand bpd, and Chevron Indonesia Company 11 thousand bpd.

"The rest is the other KKKS's part," he said.

Pertamina has a crude oil purchase contract with 11 KKKS. 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.

IN INDONESIAN

Pertamina Incar Minyak Jatah ExxonMobil di Blok Cepu.

PT Pertamina (Persero) sedang negosiasi dengan ExxonMobil Cepu Limited untuk pembelian minyak mentah bagian perusahaan migas dari Amerika Serikat itu di Lapangan Banyu Urip, Blok Cepu Bojonegoro Jawa Timur Indonesia. Potensi minyak yang bisa dibeli Pertamina ini mencapai 30 ribu barel per hari (bph).

Direktur Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral (ESDM) Djoko Siswanto menuturkan, sekitar 180 ribu bph minyak jatah kontraktor kontrak kerja sama (KKKS) saat ini sudah dijual ke dalam negeri atau ke Pertamina. Kini, Pertamina sedang melakukan negosisasi untuk pembelian minyak mentah dengan volume 30 ribu bph dari ExxonMobil.

Menurut Djoko, Presiden ExxonMobil Indonesia Louise McKenzie telah mengabari bahwa ExxonMobil telah memiliki jadwal negosiasi dengan Pertamina.

“Mereka telah memiliki janji meeting dengan Pertamina untuk melanjutkan diskusi business to business tentang crude mereka. Mereka berharap bisa

mendapatkan hasil yang memuaskan bagi semua,” kata dia.

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.

Sebelumnya, Wakil Menteri ESDM Arcandra Tahar menuturkan, sampai semester I-2018, potensi minyak yang dapat dibeli Pertamina bisa mencapai 217 ribu bph. Namun, secara keseluruhan, minyak bagian KKKS yang selama ini diekspor dan dapat diambil Pertamina mencapai 225 ribu bph. Beberapa hasil produksi KKKS ini yakni Chevron 92 ribu bph, ExxonMobil 30 ribu bph, Petronas Carigali 13.400 bph, CNOCC 13 ribu bph, Medco E&P Indonesia 11 ribu bph, dan Chevron Indonesia Company 11 ribu bph. 

“Sisanya adalah bagian KKKS lainnya,” kata dia.

Pertamina telah memiliki kontrak pembelian minyak mentah dengan 11 KKKS. 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.

Investor Daily, Page-9, Thursday, Jan 17, 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

Extension of Masela Block Contract Agreed

The government agreed to Inpex Corporation's request that the Abadi Plant, Masela Block contract be extended for 20 years. The Director General of Oil and Gas, Ministry of Energy and Mineral Resources Djoko Siswanto said that in principle, the ESDM Ministry agreed to extend the Masela contract even though Inpex had not submitted administrative requirements.

The Masela Block

The Masela Block contract will expire on November 28, 2028. Based on the applicable regulations, the contract extension can be submitted no later than 10 years before the contract expires. This means that Inpex can apply for a Masela contract extension starting November 28, 2018.

"Later November 28 [2028] the Masela Block contract ends. So, in November 2018, Inpex can apply to extend the contract. Already there is talk, later on the administration on November 28, in principle we are okay, "he said.

Inpex immediately submitted a revision of the Masela Block plan of development (PoD) after the Japanese oil and gas company completed a pre-FEED preliminary technical design study. Inpex revised POD after President Joko Widodo requested that the floating LNG refinery be replaced with a land refinery.

"This year is the agreement [PoD]. The government asks Inpex to quickly submit PoD. Next month."

Meanwhile, Inpex has not yet determined the location of the Abadi Masela LNG refinery. Inpex Corporation's Senior Media Relations Specialist Moch. Nunung Kurniawan said that currently his party is consulting with the government regarding the location of the LNG plant.

On the other hand, SKK Migas is still awaiting the readiness of gas buyers from the provocation of the SWB / WB / SB oil and gas production facilities worked on by PetroChina Intl. Jabung Ltd.

SKK Migas Program and Communication Division Head Wisnu Prabawa Taher said the construction of the oil and gas production facility project had begun. However, PetroChina is still awaiting gas buyers' readiness.

"Only later when the buyer's facilities are ready will the gas be sent."

The province will produce 12 MMscfd of gas and a production facility capacity of 14.5 MMscfd. Wisnu said, the project is targeted to start operating in the first quarter of 2019. The SWB / WB / SB upstream oil and gas project worked on by PetroChina Intl. Jabung Ltd is one of 13 upstream oil and gas projects targeted to operate in 2019.

IN INDONESIA

Perpanjangan Kontrak Blok Masela Disepakati

Pemerintah menyetujui permintaan lnpex Corporation agar kontrak Lapangan Abadi, Blok Masela diperpanjang selama 20 tahun. Direktur Jenderal Minyak dan Gas Bumi, Kementerian Energi dan Sumber Daya Mineral Djoko Siswanto mengatakan bahwa pada prinsipnya, Kementerian ESDM sepakat untuk memperpanjang kontrak Masela meskipun Inpex belum mengajukan persyaratan administrasi.

Kontrak Blok Masela akan berakhir pada 28 November 2028. Berdasarkan regulasi yang berlaku, perpanjangan kontrak bisa diajukan paling cepat 10 tahun sebelum kontrak berakhir. Artinya, Inpex dapat mengajukan perpanjangan kontrak Masela mulai 28 November 2018.

“Nanti 28 November [2028] berakhir kontrak Blok Masela. Jadi, pada November 2018, Inpex dapat mengajukan perpanjang kontrak. Sudah ada pembicaraan, nanti administrasinya 28 November prinsipnya kami sudah oke,” katanya.

Inpex segera mengajukan revisi rencana pengembangan (plan of development/PoD) Blok Masela setelah perusahaan migas dari Jepang itu menyelesaikan kajian awal desain teknis konstruksi (pre-FEED). Inpex merevisi POD setelah Presiden Joko Widodo meminta kilang LNG terapung diganti dengan kilang darat.

“Tahun inilah persetujuannya [PoD]. Pemerintah minta Inpex biar cepat mengajukan PoD. Bulan depan.”

Sementara itu, Inpex belum menentukan lokasi kilang LNG Abadi Masela. Senior Specialist Media Relations Inpex Corporation Moch. Nunung Kurniawan mengatakan bahwa saat ini pihaknya berkonsultasi dengan pemerintah perihal lokasi kilang LNG. 

Di sisi lain, SKK Migas masih menunggu kesiapan pembeli gas dari provek fasilitas produksi migas SWB/ WB/SB yang digarap oleh PetroChina Intl. Jabung Ltd. 

Kepala Divisi Program dan Komunikasi SKK Migas Wisnu Prabawa Taher mengatakan, konstruksi proyek fasilitas produksi migas tersebut sudah dimulai. Namun, PetroChina masih menunggu kesiapan pembeli gas. 

“Baru nanti kalau fasilitas pembeli sudah siap akan dikirim gasnya.”

Provek tersebut akan menghasilkan gas 12 MMscfd dan kapasitas fasilitas produksi sebanyak 14,5 MMscfd. Wisnu menuturkan, proyek tersebut ditargetkan mulai beroperasi pada kuartal I/2019. Proyek hulu migas SWB/WB/SB yang digarap oleh PetroChina Intl. Jabung Ltd ini merupakan salah satu dari 13 proyek hulu migas yang ditargetkan beroperasi pada 2019.

Bisnis Indonesia, Page-24, Wednesday, Oct 31, 2018

ConocoPhillips Submits Corridor Block Proposal

The Ministry of Energy and Mineral Resources (ESDM) said that Conoco-Philips had submitted a proposal to develop the Corridor Block after its contract expired in 2023. Conoco-Philips is the existing block contractor.

ESDM Ministry's Director General of Oil and Gas, Djoko Siswanto, said that the development proposal had been submitted. The proposal is a complete document of the planned development of the Corridor Block from technical and commercial aspects.

"This (proposal) is being discussed. We have received the proposal, "he said in Jakarta.

Djoko had explained, currently the Corridor Block participating rights holders are Philip Conoco 54%, PT Pertamina Hulu Energi Corridor 10%, and Repsol 36%. Conoco Philip said that he would still cooperate with Repsol in working on the Corridor Block after the production sharing contract (PSC) was completed in 2023. While Pertamina proposed 100% participation rights after 2023.

"Pertamina has submitted its proposal, very thick. So it takes time (for evaluation), "Djoko said.

Vice President of Commercial, Business Development & Relations, ConocoPhillips Indonesia, Taufik Ahmad confirmed that his party had submitted a proposal to extend the management of the Corridor Block to the government.

"I can confirm that we have submitted a proposal to extend the Corridor Block on September 27," he said

The Corridor Block is one of three oil and gas blocks that will expire in 2023 in cooperation contracts. Referring to the ESDM Ministry's initial plan, the fate of the block that expires its 2023 contract will be decided this October. Therefore, the government had previously given ConocoPhillips time until the end of September to submit its proposal.

Until last July, the realization of gas production from the Corridor Block was recorded at 828.41 million standard cubic feet per day / mmscfd, exceeding the target of 810 mmscfd. But until the end of the year, the production of this block is projected to be only 800 mmscfd. While next year, the Corridor Block is targeted to produce 810 mmscfd of gas. The Corridor Block contract was signed in 1983 and ends on December 19, 2023.

According to information on the ConocoPhilip page, the Corridor Block consists of two oil producing fields and seven gas fields. This oil field is Suban Baru and Rawa, while the gas fields are Suban, Sumpal and Dayung. Gas produced from the Corridor Block is sold through long-term contracts into the country and Singapore.

Currently ConocoPhilip continues to invest in maintaining the Corridor Block gas production. Conoco Philips drills development wells in Sumpal and Suban. In addition, the US oil and gas company built additional compressor facilities in Suban.

While the other two oil and gas blocks that were completed in 2023 are Rimau and Jabung blocks, currently managed by Petrochina International Jabung Ltd with participating rights (participating interest / PI) 42.86%, while other PI holders are Petronas Carigali 42.86 % and PT Pertamina (Persero) 14.29%. 

   Until last July, the block's oil production was recorded at 14,525 barrels per day (hph) and gas 210.1 mmscfd. This block contract expires on February 26, 2023.

IN INDONESIAN

ConocoPhillips Serahkan Proposal Blok Koridor

Kementerian Energi dan Sumber Daya Mineral (ESDM) menyatakan Conoco-Philips telah memasukkan proposal rencana pengembangan Blok Koridor pasca kontraknya berakhir pada 2023. Conoco-Philips merupakan kontraktor eksisting blok ini.

Direktur Jenderal Minyak dan Gas Bumi Kementerian ESDM Djoko Siswanto mengatakan, proposal pengembangan itu telah diserahkan. Proposal merupakan dokumen lengkap rencana pengembangan Blok Koridor dari aspek teknis dan komersil. 

“Ini (proposal) sedang dibahas. Kami sudah terima proposalnya,” kata dia di Jakarta.

Djoko sempat menjelaskan, saat ini pemegang hak partisipasi Blok Koridor adalah Conoco Philip 54%, PT Pertamina Hulu Energi Corridor 10%, dan Repsol 36%. Conoco Philip dikatakannya masih akan menggandeng Repsol dalam menggarap Blok Koridor setelah kontrak kerja sama (production sharing contract/ PSC) selesai di 2023. Sementara Pertamina mengajukan kepemilikan hak partisipasi 100% setelah 2023.

“Pertamina sudah memasukkan proposalnya, sangat tebal. Jadi perlu waktu (untuk evaluasi),” tutur Djoko.

Vice President Commercial, Business Development & Relations ConocoPhillips Indonesia Taufik Ahmad membenarkan bahwa pihaknya sudah memasukkan proposal perpanjangan pengelolaan Blok Koridor ke pemerintah. 

“Saya bisa mengkonfirmasi bahwa kami sudah memasukkan pengajuan perpanjangan Corridor Block pada 27 September,” tuturnya 

Blok Koridor merupakan satu dari tiga blok migas yang akan berakhir kontrak kerja samanya pada 2023. Mengacu rencana awal Kementerian ESDM, nasib blok yang habis kontraknya 2023 akan diputuskan pada Oktober ini. Karenanya, pemerintah sebelumnya memberikan waktu kepada ConocoPhilips sampai akhir September untuk menyerahkan proposalnya. 

Hingga Juli lalu, realisasi produksi gas dari Blok Koridor tercatat sebesar 828,41 million standard cubic feet per day/mmscfd, melebihi target 810 mmscfd. Namun sampai akhir tahun nanti, produksi blok ini diproyeksikan hanya 800 mmscfd. Sementara pada tahun depan, Blok Koridor ditargetkan menghasilkan gas 810 mmscfd. Kontrak Blok Koridor ditandatangani pada 1983 dan berakhir pada 19 Desember 2023.

Menurut keterangan dalam laman ConocoPhilip, Blok Koridor terdiri dari dua lapangan penghasil minyak dan tujuh lapangan gas. Lapangan minyak ini yakni Suban Baru dan Rawa, sementara lapangan gasnya adalah Suban, Sumpal, dan Dayung. Gas yang dihasilkan dari Blok Koridor dijual melalui kontrak jangka panjang ke dalam negeri dan Singapura.

Saat ini ConocoPhilip terus berinvestasi guna menjaga produksi gas Blok Koridor. Conoco Philips melakukan pengeboran sumur pengembangan di Sumpal dan Suban. Selain itu, perusahaan migas Amerika Serikat itu membangun fasilitas kompresor tambahan di Suban.

Sementara dua blok migas lain yang selesai kontraknya pada 2023 yakni Blok Rimau dan Jabung, saat ini dikelola oleh Petrochina International Jabung Ltd dengan kepemilikan hak partisipasi (participating interest/ PI) 42,86%, sementara pemegang PI yang lain adalah Petronas Carigali 42,86% dan PT Pertamina (Persero) 14,29%. Sampai Juli lalu, produksi minyak blok ini tercatat sebesar 14.525 barel per hari (hph) dan gas 210,1 mmscfd. Kontrak blok ini habis pada 26 Februari 2023. 

Investor Daily, Page-9, Wednesday, Oct 3, 2018