Repsol Find Partners in Andaman Block III

The Aceh Oil and Gas Management Agency (BPMA) said Repsol Indonesia was looking for partners to work on the Andaman III Block. Repsol is currently still exploring in the oil and gas block which is estimated to have a gas potential of 3-4 trillion cubic feet (Trillion Cubic Feet / TCF). 

     BPMA Deputy of Operations and Planning Teuku Muhammad Faisal said Repsol saw that they could not work on the Andaman III Block themselves. Therefore, the Spanish oil and gas company plans to release part of its Participating Interest (PI) ownership in the block to find partners.

Blogger Agus Purnomo in Petronas PC Ketapang

"Actually there is more that they are working on, namely partners to share PI, they are proposing. One of the candidates is Petronas, "he said. Currently, Repsol holds 100% PI in the Andaman III Block.

 the Andaman III Block

Repsol is still carrying out exploration activities in the Andaman III Block. Referring to BPMA data, in 2017-2018, Repsol has conducted several exploration activities, namely acquisition, and processing of 3D seismic data covering 3,670 square kilometers (km2). In addition, Repsol has also procured long-lead items needed for operations.

Repsol

Now, Repsol is making preparations for drilling the Rencong IX Well. BPMA, continued Faisal, has given a recommendation for an extension of the exploration period of the Andaman III Block for two years. However, he said, the extension of this exploration period still had to wait for approval from the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif.

According to him, the additional exploration period was given so that Repsol can continue drilling wells. The extension was even longer than Repsol's request, which was only around one year. Because the regulator has an interest so that exploration activities in the Andaman III Block can be completed.

"Repsol can be a maximum of two years, seeing their preparations in the past year and this year. They are optimistic indeed, asking for a year is enough, [but] instead of not completing the regulator also a hassle, "explained Faisal.

The reason is, it also needs time regarding the correspondence with the Minister of Energy and Mineral Resources. Acting Director-General of Oil and Gas at the Ministry of Energy and Mineral Resources, Djoko Siswanto, said that his party was still waiting for a recommendation from BPMA regarding the extension of the Andaman III Block exploration period.

"Still waiting for the BPMA recommendation for the extension. We wait 1-2 days, "he said.

The Andaman III Block covers an area of ​​8,440 square kilometers off the coast of Aceh. This block is located in a water depth of 1,300 meters in the North Sumatra basin area. Based on the results of a seismic survey that has been carried out, the Acting Task Force of the Aceh Oil and Gas Management Agency (BPMA) Azhari Idris said, the prospects are predicted to have 3-4 TCF potential.

The Well drilling by Repsol is planned to be carried out in the first half of 2020. The Andaman III Block is an exploration block that was won by Talisman at an auction of work areas in 2009. However, Repsol acquired Talisman in 2015 so that the block is managed by Repsol. The Andaman III production sharing contract was signed on September 11, 2009, and is valid for 30 years or until 2039.

Investor Daily, Page-9, Wednesday, November 6, 2019

National Oil and Gas Lifting Target Increases to 2.02 Million BOEPD

Lifting oil and gas (oil and gas) this year is targeted to increase to 2.02 million barrels of barrel oil equivalent per day (BOEPD), from the 2018 realization of 1.9 million BOEPD. The addition of production is one of the 13 oil and gas projects planned to start operating this year. 

     Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soecipto said, oil lifting in 2019 is targeted at 775 thousand barrels per day (BPD), where last year's realization was 778 thousand BPD. While the gas lifting target is set at 1.25 million BOEPD, up from last year's 1.13 million BOEPD.

"So that oil and gas lifting in 2019 is 2.02 million BOEPD, from the 2018 realization of 1.92 million BOEPD," he said at a hearing at the House of Representatives Commission VII (DPR).

2D & 3D Seismic

To achieve this target, his party has compiled a work program that will be carried out in the exploration block and in the exploitation block. According to him, the exploration block is planned to carry out 4,328 kilometers (km) of 2D seismic, 3D seismic area of ​​4,693 square kilometers (km2), and 57 wells of exploration well drilling.

While in the exploitation block, exploration activities will be carried out in the form of 3,814 km of 2D seismic, 3D seismic area of ​​1,747 km2, and drilling of wildcat wells or delineation of 40 wells.

"Then there will be workover of 969 wells, 29,256 well service activities, and drilling wells for the development of 345 wells," he explained.

In addition, SKK Migas also plans to have 13 oil and gas projects that will be operational this year. In the first quarter, there were two projects planned to start on stream, the Betara Complex Project with the production of 12 million cubic feet per day (million standard cubic feet per day / MMSCFD) by Petrochina International Jabung Ltd. and Terang Sirasun Batur Phase 2 of 200 MMSCFD by Kangean Energy Indonesia Ltd.

Furthermore, in the second quarter, the project which began operations was Ario Damar-Sriwijaya Phase 2 with production of 20 MMSCFD by PT Tropik Energi Pandan, Temalat gas flow to South Kembang Mountain 10 MMSCFD by PT Medco E & P Indonesia, and Bukit Tua Phase-3 31.5 mmscfd by Petronas Carigali Ketapang II Ltd.

Petronas Carigali Ketapang II Ltd.

In the third quarter, there were eight projects that would start flowing oil and gas. In particular, Kedung Keris Full Well Stream Project with production of 3,800 BPH by Exxon Mobil Cepu Ltd, Buntal-5 45 mmscfd by Medco E & P Natuna Ltd, Bison-Iguana-Gajah Putri 163 MMSCFD by Premiere Oil Natuna Sea BY and Suban Compression 780 MMSCFD by ConocoPhilips (Grissik) Ltd.

ConocoPhilips (Grissik) Ltd.

Next, the project operating in the last quarter of this year was the installation of 15 MMSCFD Betung Compressors by PT Pertamina EP Bayan Gas Production Facilities which produced 15 MMSCFD gas and 250 BPH oil by Manhattan Kalimantan Investment Pte Ltd, YY with production. oil 4,605 ​​BPH and 25.5 MMSCFD by PT Pertamina Hulu Energi Offshore North West Java (ONWJ), as well as Calling 20 MMSCFD by Santos (Madura Offshore) Pty Ltd.

PT Pertamina Hulu Energi Offshore North West Java (ONWJ)

"So the total production estimate is 240 thousand BOEPD, which is 1,300 MMSCFD gas and 8,600 BPH oil. "The estimated total investment value is US $ 702 million," Dwi said.

To achieve this year's lifting target, SKK Migas recorded five of the biggest oil producers, namely Exxon Mobil Cepu Limited 216 thousand BPH, PT Chevron Pacific Indonesia 190 thousand BPD, PT Pertamina EP 85 thousand BPD, PT Pertamina Hulu Mahakam 50 thousand BPH, and PT Pertamina Hulu Energi OSES 32 thousand BPH.

Furthermore, the five largest gas producers are PT Pertamina Hulu Mahakam 196 thousand BOEPD, BP Berau Ltd 188 thousand BOEPD, ConocoPhilips (Grissik) Ltd 145 thousand BOEPD, PT Pertamina EP 145 thousand BOEPD, and Eni Muara Bakau 115 thousand BOEPD.

Press Cost Recovery

"Meanwhile, Dwi added, this year's upstream oil and gas investment is targeted at the US $ 14.79 billion, up from last year's US $ 11.99 billion. Next, the target of state revenue from the upstream oil and gas sector is set at the US $ 17.51 ​​billion, not unlike the realization of 2018 of US $ 17.5 billion.

For cost recovery, this year it is targeted to reach the US $ 10.22 billion. This figure is lower than last year's realization of US $ 11.7 billion. According to Dwi, his party is indeed trying to control this cost recovery amount. According to Dwi, one of the ways to reduce cost recovery is the synergy between the contractors (KKKS).

Investor Daily, Page-9, Friday, Jan 11, 2019

Chevron Ready to Transfer Oil to Pertamina

PT Pertamina (Persero) agreed to buy 2.5 million barrels of oil per month from PT Chevron Pacific Indonesia and Rokan Block in Riau. So far, oil-based revenue sharing from the Rokan Block, which is Chevron's share, is always exported.

Senior Vice President of Integrated Supply Chain (ISC) Pertamina Hasto Wibowo said that the company had agreed to transfer crude oil exports from a number of cooperation contract contractors (KKKS) of 3.35 million barrels per month or around 112,000 barrels per day (bpd).

Petronas

    Of the total, the oil supply from Chevron is the largest, while the rest comes from several other contractors, such as Petronas, and Medco. However, the company did not enter into an oil purchase agreement with ExxonMobil Indonesia.

Previously, nine KKKS had agreed to sell oil to Pertamina and leave one large contractor in the discussion phase with the government, namely Chevron Pacific Indonesia. At that time, Chevron was one of several oil and gas contractors who claimed they were still not can sell the oil that is the profit share of the giant company from the United States to Pertamina. At that time, Chevron said there were still tax problems in the process of selling oil to Pertamina.

"Regarding the selling price, of course we have compromised. If it is more expensive than imports, we choose to remain imported, "Hasto said.

According to him, with the agreement, the oil and gas SOE was able to reduce the volume of crude oil imports by around 4 million barrels per month. The average Pertamina crude oil imports of around 11 million barrels per month can be reduced to 7 million-7.5 million barrels per month.

"Costs will also decrease, overall for the country, foreign exchange is also safe."

Arcandra Tahar

Arcandra Deputy Minister of Energy and Mineral Resources Tahar once mentioned that there was the potential for contractor crude oil which had been exported so far to be transferred to Pertamina, such as Chevron and ExxonMobil. 

CNOOC 

     Arcandra explained, Chevron has been gaining oil revenues of 92,000 bpd, ExxonMobil Indonesia 30,000 bpd, Petronas Carigali 13,400 bpd, CNOOC 13,000 bpd, Medco E & P Indonesia at 11,000 bpd, and Chevron Indonesia Company (CICO) 7,000 bpd.

Large oil and gas companies from the United States, such as Chevron and Exxon, are the biggest supporters of oil production in Indonesia. PT Pertamina EP occupies the third position of three cooperation contract contractors that produce oil a lot during 2018.

IN INDONESIAN

Chevron Siap Alihkan Minyak ke Pertamina

PT Pertamina (Persero) menyepakati untuk membeli minyak mentah jatah ekspor dari PT Chevron Pacific Indonesia sebanyak 2,5 juta barel per bulan yang berasal dan Blok Rokan di Riau. Selama ini, bagi hasil minyak dari Blok Rokan yang merupakan jatah Chevron selalu diekspor.

Senior Vice President Integrated Supply Chain (ISC) Pertamina Hasto Wibowo mengatakan bahwa perseoan telah menyepakati pengalihan ekspor minyak mentah dari sejumlah kontraktor kontrak kerja sama (KKKS) sebanyak 3,35 juta barel per bulan atau sekitar 112.000 barel per hari (bph).

    Dari total tersebut, suplai minyak dari Chevron merupakan yang terbesar, sedangkan sisanya berasal dari beberapa kontraktor lain, seperti Petronas, dan Medco. Namun perseroan tidak melakukan kesepakatan pembelian minyak dengan ExxonMobil Indonesia.

Sebelumnya, sembilan KKKS telah setuju untuk menjual minyak ke Pertamina dan menyisakan satu kontraktor besar dalam tahap pembahasan dengan pemerintah, yakni Chevron Pacific Indonesia. Saat itu, Chevron merupakan salah satu dari beberapa kontraktor migas yang mengaku masih belum

bisa menjual minyak yang menjadi bagi hasil perusahaan raksasa dari Amerika Serikat itu ke Pertamina. Saat itu, Chevron menyatakan masih ada masalah perpajakan dalam proses penjualan minyak ke Pertamina.

“Terkait dengan harga jual tentu sudah kami kompromikan. Kalau lebih mahal dari impor, kami pilih tetap impor,” kata Hasto.

Menurutnya, dengan kesepakatan itu, BUMN migas itu mampu mengurangi volume impor minyak mentah sekitar 4 juta barel per bulan. Rerata impor minyak mentah Pertamina sekitar 11 juta barel per bulan bisa ditekan menjadi 7 juta-7,5 juta barel per bulan.

“Beban biaya juga akan berkurang, secara keseluruhan untuk negara, devisa juga aman."

Wakil Menteri Energi dan Sumber Daya Mineral Arcandra Tahar pernah menyebutkan ada potensi minyak mentah milik kontraktor yang selama ini diekspor bisa dialihkan ke Pertamina, seperti Chevron dan ExxonMobil. 

     Arcandra menjelaskan, selama ini Chevron mendapatkan bagi hasil minyak  sebesar 92.000 bph, ExxonMobil Indonesia 30.000 bph, Petronas Carigali 13.400 bph, CNOOC 13.000 bph, Medco E&P Indonesia sebesar 11.000 bph, dan Chevron Indonesia Company (CICO) 7.000 bph.

Perusahaan migas besar dari Amerika Serikat, seperti Chevron dan Exxon, menjadi pendukung terbesar produksi minyak di Indonesia. PT Pertamina EP menduduki posisi ketiga dari tiga kontraktor kontrak kerja sama yang banyak memproduksi minyak sepanjang 2018.

Bisnis Indonesia, Page-24, Thursday, Jan 10, 2019

Petronas and Repsol Work on Saka Kemang Oil and Gas Blocks

At the beginning of this year, Petronas and Repsol will work on the Sakakemang Working Area (WK) in South Sumatra. The collaboration was marked by the signing of a joint operation agreement in December last year.

Repsol

President Petronas Carigali Indonesia, Mohd Nazlee Rasol, said that the collaboration between the management of the Sakakemang Block will be carried out by subsidiaries of the two companies. Those involved are a subsidiary of Petronas, PC Sakakemang BV, and a subsidiary of Repsol, Talisman Sakakemang BV.

Petronas Carigali Indonesia

"Petronas will continue to play an active role in the long-term development of the petroleum industry in the Indonesian region," he said.

the Sakakemang Block by Petronaa & Repsol

Regarding the shares in the Sakakemang Block, Petronas will hold a 45% stake and Repsol also controls 45%. The remaining 10 percent will be held by Mitsui Oil Exploration Co Ltd (MOECO).

Mitsui Oil Exploration Co Ltd (MOECO)

Mohd Nazlee said, as the oil and gas block managed by the Cooperation Contract Contractors (KKKS), the Sakakemang Block will be under the supervision and control of the Special Task Force for Upstream Oil and Gas (SKK Migas).

the Ketapang Block by Petronas

In addition to cooperation with Repsol, Petronas has managed oil and gas blocks in Indonesia. For example, the Ketapang Block, where the Malaysian company is an operator that holds 80% of the shares with a contract period until 2028. In addition, Petronas controls 100% of the North Madura II Block with a contract period until 2045.

IN INDONESIAN

Petronas dan Repsol Garap Blok Migas Saka Kemang

Pada awal tahun ini, Petronas bersama Repsol bakal menggarap Wilayah Kerja (WK) Sakakemang di Sumatra Selatan. Kerjasama tersebut ditandai dengan penandatanganan perjanjian operasi bersama pada Desember tahun lalu.

Presiden Petronas Carigali Indonesia, Mohd Nazlee Rasol, mengatakan kerjasama pengelolaan Blok Sakakemang akan dilakukan anak usaha dari kedua perusahaan, Mereka yang terlibat adalah anak usaha Petronas, PC Sakakemang BV, dan anak usaha Repsol, Talisman Sakakemang BV.

“Petronas akan terus memainkan peran aktif dalam pengembangan jangka panjang industri perminyakan di wilayah Indonesia," kata dia.

Perihal bagian saham dalam Blok Sakakemang, Petronas akan memegang saham 45% dan Repsol juga menguasai 45%. Adapun sisanya 10% saham akan dipegang Mitsui Oil Exploration Co Ltd (MOECO).

Mohd Nazlee mengemukakan, sebagai blok migas yang dikelola Kontraktor Kontrak Kerja Sama (KKKS), maka Blok Sakakemang akan berada di bawah pengawasan dan kendali Satuan Kerja Khusus Hulu Minyak dan Gas Bumi (SKK Migas).

Selain kerjasama dengan Repsol, Petronas sudah mengelola blok migas di Indonesia. Misalnya Blok Ketapang, di mana perusahaan dari Malaysia ini adalah operator yang memegang 80% saham dengan masa kontrak hingga tahun 2028. Selain itu, Petronas menguasai 100% Blok North Madura II dengan masa kontrak sampai tahun 2045.

Kontan, Page-14, Wednesday, Jan 9, 2019

PETRONAS and Repsol Work on Sakakemang Working Area

The potential and opportunities of the open oil and gas sector, PETRONAS through its subsidiary, PC Sakakemang B.V. and Repsol through its subsidiary, Talisman Sakakemang B.V, signed a Joint Operation Agreement for the Sakakemang Work Area in South Sumatra, Indonesia.

PETRONAS

With the signing of this agreement it became an important milestone for PETRONAS in its aspiration to expand its business in Indonesia and specifically in Sumatra.

"PETRONAS will continue to play an active role in the long-term development of the oil industry in Indonesia," said PETRONAS President Looking for Indonesia, Mohd Nazlee Rasol in its release.

Repsol

The signing of the Joint Operation Agreement between PETRONAS and Repsol subsidiaries was held on December 5, 2018, at the Repsol office in Jakarta attended by representatives from both companies. Representing PETRONAS, is the President of PETRONAS Looking for Indonesia, Mohd Nazlee Rasol.

While Repsol was represented by Senior Exploration & Opportunity Legal Representative Manager, David Ramos, while Repsol Vice President & General Manager, Francisco Gea Pascual del Riquelme, and PETRONAS Senior Exploration Manager Looking for Indonesia, Jamin Jamil Mohd Idris witnessed the signing.

The Sakakemang Working Area continues to be operated by Repsol with participation rights of 45 percent while PETRONAS holds another 45 percent and Mitsui Oil Exploration Co. Ltd. (MGECO) holds the remaining 10 percent. All Cooperation Contract Contractors are under the supervision and control of SKK Migas as the Representative of the Republic of Indonesia.

PETRONAS is a national oil company that has transformed itself into a leading oil and gas multinational company, ranked among the largest companies in the world. PETRONAS is known to be able to produce energy efficiently and reliably, after building capacity at every stage of the oil and gas value chain. 

     As the policy towards the future of low carbon energy, PETRONAS continues to utilize technology, technical capabilities, and a diverse, resilient and competent workforce to deliver sustainable energy to the world.

IN INDONESIAN

PETRONAS dan Repsol Garap Wilayah Kerja Sakakemang

Potensi dan peluang sector migas yang terbuka, PETRONAS melalui anak perusahaannya, PC Sakakemang B.V. dan Repsol melalui anak perusahaannya, Talisman Sakakemang B.V, menandatangani Perjanjian Operasi Bersama untuk Wilayah Kerja Sakakemang di Sumatera Selatan, Indonesia.

Dengan penandatanganan perjanjian ini menjadi tonggak penting bagi PETRONAS dalam aspirasinya untuk mengembangkan bisnisnya di Indonesia dan khususnya di Sumatra.

“PETRONAS akan terus memainkan peran aktif dalam pengembangan jangka panjang industri perminyakan di Indonesia,” kata Presiden PETRONAS Carigali Indonesia, Mohd Nazlee Rasol dalam rilisnya.

Penandatanganan Perjanjian Operasi Bersama antara anak perusahaan PETRONAS dan Repsol telah dilakukan pada 5 Desember 2018, di kantor Repsol di Jakarta dihadiri perwakilan dari kedua perusahaan. Mewakili PETRONAS, adalah Presiden PETRONAS Carigali Indonesia, Mohd Nazlee Rasol. 

Sedangkan Repsol diwakili Manajer Senior Perwakilan Hukum Eksplorasi & Opcom, David Ramos, sementara Wakil Presiden & Manajer Umum Repsol, Francisco Gea Pascual del Riquelrne, dan Manajer Eksplorasi Senior PETRONAS Carigali Indonesia, Jamin Jamil Mohd Idris menyaksikan penandatanganan tersebut.

Wilayah Kerja Sakakemang terus dioperasikan oleh Repsol dengan hak partisipasi sebesar 45 persen sementara PETRONAS memegang 45 persen lainnya dan Mitsui Oil Exploration Co. Ltd (MGECO) memegang 10 persen sisanya. Semua Kontraktor Kontrak Kerja Sama berada dibawah pegawasan dan kendali SKK Migas sebagai Perwakilan Republik Indonesia.

PETRONAS adalah perusahaan minyak nasional yang telah mengubah dirinya menjadi perusahaan multinasional piliharn minyak dan gas terkemuka, berperingkat di antara perusahaan-perusahaan terbesar didunia. PETRONAS dikenal mampu menghasilkan energi secara efisien dan andal, setelah membangun kemampuan di setiap tahap rantai nilai minyak dan gas. 

    Seiring kebijakan menuju masa depan energi rendah karbon, PETRONAS terus memanfaatkan teknologi, kemampuan teknis, dan tenaga kerja yang beragam, tangguh, dan kompeten untuk memberikan energi secara berkelanjutan ke dunia.

Duta Masyarakat, Page-16, Wednesday, Jan 9, 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

Petronas Adds Oil Well in East Java

The Java Bali Nusa Tenggara Special Oil and Gas Work Unit [SKK Migas Jabanusa] targets the East Java Region oil and gas production to increase in 2019. This is due to Petronas' plan to open a new well.

"God willing, 2019 in Petronas will add to the well so that it can increase production. We hope that all licensing matters and other matters can also be completed on time so that East Java Oil and Gas can increase production, "said Ali Masyhar, Head of SKK Migas Jabanusa, in between the East Java provincial government stakeholders at Four Point Hotel Surabaya.

One speaker, Bayu Wahyudiono, Head of Sub-Directorate for Development of Non-Conventional Oil and Gas Working Areas of the Directorate of Upstream Oil and Gas Business Development said East Java in 2018 according to the records of the Ministry of Energy and Mineral Resources experiencing a decline in production but in 2019 East Java will have a gas surplus because some well development will produce.

"East Java is also the only lucky area because besides being rich in natural gas potential, it already has a gas pipeline network so that 100 percent of the natural gas produced by KKKS is different from other regions where the gas is sold out because there is no gas network infrastructure," explained Bayu.

Furthermore, Bayu explained that currently the gas contained in East Java is around 4.66 Trillions of Standard Cubic Feet of gas [TSCF] while the gas that has been exploited is around 628.66 MMCFD.

IN INDONESIAN

Petronas Tambah Sumur Minyak di Jatim

Satuan Kerja Khusus Minyak dan Gas Jawa Bali Nusa Tenggara [SKK Migas Jabanusa] mentargetkan produksi migas Wilayah Jatim akan mengalami peningkatan di tahun 2019. Hal ini tidak lepas dari rencana Petronas yang akan membuka sumur baru.

“Insya Allah 2019 di Petronas ini akan menambah Sumur sehingga bisa menambah produksi. Kami berharap semua urusan perizinan maupun urusan yang lainnya juga bisa diselesaikan tepat waktu sehingga Migas Jawa Timur bisa bertambah lagi produksinya," kata Ali Masyhar, Kepala SKK Migas Jabanusa, di sela kegiatan silahturahmi dengan pemangku kepentingan Pemprov Jatim di Hotel Four Point Surabaya.

Salah seorang pembicara, Bayu Wahyudiono, Kepala Subdirektorat Pengembangan Wilayah Kerja Minyak dan Gas Bumi Non Konvensional Direktorat Pembinaan Usaha Hulu Minyak dan Gas Bumi mengatakan Jatim di tahun 2018 ini menurut catatan Kementerian ESDM mengalami penurunan produksi tetapi di tahun 2019 Jatim akan surplus gas karena beberapa pengembangan sumur akan menghasilkan.

"Jatim juga menjadi satu-satunya daerah yang beruntung sebab selain kaya dengan potensi gas bumi. Sebab sudah memiliki jaringan pipa gas sehingga 100 persen hasil gas bumi yang diproduksi KKKS. Berbeda dengan daerah lain yang gasnya dijual keluar karena belum ada infrastruktur jaringan gasnya," jelas Bayu.

Lebih lanjut, Bayu memaparkan saat ini gas yang terkandung di perut bumi Jatim ini sekitar 4,66 Trillions of Standard Cubic Feet of gas [TSCF) sedangkan gas yang sudah di ekploitasi sekitar 628,66 MMCFD.

Surya, Page-3, Friday, Nov 30, 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