Pertamina will Release PHE to the Stock Exchange

PT Pertamina (Persero) states that one of the sub holdings prepared to be offered to the public is upstream sub-holding which is operated by PT Pertamina Hulu Energi (PHE). This strategy is to increase the company's oil and gas production to be better.

PT Pertamina Hulu Energi (PHE)

Pertamina President Director Nicke Widyawati said, in managing oil and gas blocks, the company usually also partners with other companies. The reason is, by working with other companies, oil and gas production can be more optimal. 

Nicke Widyawati

   In fact, to work on the Rokan Block, the government requires Pertamina to partner with other companies. This is also the basis for the company to prepare upstream sub-holding for the IPO.

"The first thing we will see [for IPO] is upstream sub-holding," said Nicke Widyawati.

Nicke Widyawati explained, many of the company's upstream assets still have the potential to be developed. However, the development of oil and gas blocks requires huge funding. In the future, around 60% of the company's total budget will be used to fund the upstream oil and gas project.

"So, later the funds obtained from the IPO will be used for upstream investment," Nicke said.

Upstream oil and gas investment, called Nicke Widyawati, is not limited to the upstream oil and gas assets owned by the company. Funds from the IPO will also be used to add new upstream oil and gas assets.

"Our IPO will use the funds for the upstream acquisition," said Nicke Widyawati.

At the end of last year, the company had budgeted funds for the acquisition of oil and gas blocks of US $ 150 million this year. Although it is not yet certain which block is targeted, the company is eyeing assets in Africa and the Middle East.

Energy observers from Trisakti University Pri Agung Rakhmanto rate, the IPO step is very good to improve corporate governance, because it must be more open. IPO is also good to be able to raise funds from third parties (public).

"For Pertamina's upstream, which does require strengthening funds for investment, this is positive. When it comes to performance, that's another thing, it also depends on how to run the company, "he said.

Regarding Article 33 of the 1945 Constitution which states that production branches which are important for the State and which control the lives of many people are controlled by the State, according to him, it does not become an issue if the IPO does not relinquish the majority of share ownership.

"As long as the majority shares are still in the country, in my opinion, more positive," said Pri Agung.

He added Pertamina was not the first oil and gas BUMN to be listed on the exchange. At present, there are already many other state-owned oil and gas companies listed on the stock exchange, such as Petrobras which is a Brazilian oil and gas BUMN, Petronas Malaysia, YPF Argentina, Statoil Norway, and Saudi Aramco Saudi Arabia.

Management of Oil and Gas Blocks

In addition to the IPO plan, Pertamina is also restructuring its oil and gas block management. Nicke explained, after the sub-holding was formed, the management of the oil and gas block would be done by region. Previously, despite being in one area, the management of the oil and gas block was carried out by a different subsidiary. For example in Sumatra, there are oil and gas blocks managed by PHE and PT Pertamina EP.

"We think this should be managed in synergy and coordination, so there can be efficiency. For this reason, under the sub-holding [oil and gas block] is managed in a way regionalization, "explained Nicke Widyawati.

In this way, all resources and equipment procurement can be synergized. All this time due to being separate, procurement of tools such as rigs has become difficult and long. This is because among subsidiaries scrambling to find rigs, while the number of rigs in the market is limited. 

    Other parties are also reluctant to increase the number of rigs because the company's procurement contracts tend to be short-term. These problems have become one of the causes of exploration and achievement of upstream oil and gas production below the target.

"This is how we manage all assets more efficiently and at the same time, improve our products and services," said Nicke.

It also wants to encourage investment in rig procurement in the country. Under the upstream sub-holding, there are several subsidiaries that will work on Pertamina's oil and gas blocks in certain areas. 

    Precisely, Pertamina EP will manage the company's oil and gas block in Java, PT Pertamina Hulu Indonesia will work on upstream oil and gas assets in Kalimantan, Pertamina EP Cepu (PEPC) will handle oil and gas working areas in Eastern Indonesia, and PT Pertamina International EP continues to manage oil and gas blocks outside the country.

Dwi Seotjipto

Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Seotjipto said, his party would see Pertamina's explanation of organizational changes in upstream sub-holding, mainly related to the authority of each operator in Pertamina's oil and gas block. The reason is that the Production Sharing Contract / PSC signed by the government is the company that is the operator.

Blogger Agus Purnomo in SKK Migas

"With the sub-holding, we will later see its authority in investment as well as the implementation and operation of the oil and gas block concerned," Dwi Seotjipto said.

Regarding the implementation of the contract, this depends on the bureaucracy established by Pertamina in the presence of this sub-holding. If the bureaucracy and decision-making are simpler, and the authority of the oil and gas block operator can be supported, there will be no problems.

"Hopefully it is better, the important thing is that the bureaucracy is not long, so the investment step is faster," Dwi said.

Investor Daily,  Page-10, Tuesday, June 16, 2020

SKK Migas Accelerates Three Oil and Gas Projects

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) accelerated the operational schedule of the three national upstream oil and gas projects to this year at the time of mobility restrictions due to Covid-19. The three projects will increase oil production by 3,000 barrels per day and gas by 5 million cubic feet per day / MMSCFD.

SKK Migas Deputy for Operations Julius Wiratno said the three oil and gas projects were the development of the Big Bamboo Project and the construction of the Sembakung gas compressor facility by PT Pertamina EP, and the reactivation of the PHE-12 platform by PT Pertamina Hulu Energi West Madura Offshore (PHE-WMO). These three projects should only be completed next year.

Blogger Agus Purnomo in PHE-WMO

"But these projects can be completed by 2020," he said.

He explained the Big Bamboo Block Project would produce gas of 3 mmscfd. At present, the project is still in the stage of working on the engineering, procurement, and construction / EPC package and will go on stream in the third quarter of this year. While reactivation of the PHE-12 platform is an improvement activity that was skewed in 2017 ago.

This project is targeted to be realized later this year and can produce oil of 3,000 BPD. Furthermore, the Sembakung compressor project is also scheduled to be completed by the end of 2020 and will produce 2 MMSCFD of gas.

"The success in accelerating the realization of the upstream oil and gas project when the mobility restrictions in the context of Covid-19 mitigation shows the determination and enthusiasm of the upstream oil and gas people to be able to implement the program agreed in the Work Program and Budget (WP&B) 2020 optimally and efficiently," said Julius.

Julius also revealed that the Meliwis Block Project undertaken by Ophir Indonesia (Madura Offshore) will be completed and start operating this July. This project will produce a gas of 20 MMSCFD.

Dwi Soetjipto

The Head of SKK Migas, Dwi Soetjipto appreciated the innovations made by his ranks with the cooperation contract contractors (KKKS) so as to produce an acceleration of projects in the field. He continues to coordinate with KKKS to ensure that the upstream oil and gas project can run well according to schedule.

"During the Covid-19 outbreak, SKK Migas was able to accelerate the implementation of the completion of three projects," he said.

According to him, if the upstream oil and gas project can run well, there will be an increase in the production and production of oil and gas lifting. In addition, the oil and gas project is also able to move the regional economy and create jobs, especially the community around the project site.

"This is in line with the Government's focus on being able to encourage the economy to move during the Covid-19 outbreak," he added.

Dwi acknowledged the Covid-19 outbreak and the still low oil prices were a real test for efforts to realize the oil production target of 1 million BPD in 2030. One of the important keys to achieving the target was how to keep the project going well on schedule.

The success in accelerating the project was due to the successful implementation of the 2 pillars of the SKK Migas transformation, namely the Integrated Operation Center (IOC) and One Door Service Policy (ODSP).

Previously, four oil and gas projects were operating. First, the Grati Pressure Lowering Project in East Java was undertaken by Ophir Indonesia (Sampang) Pty and produced 30 MMSCFD of gas. Then, the development of the Randugunting Field by PT Pertamina Hulu Energi (PHE) Randugunting in Central Java provided additional production of 5 MMSCFD.

Furthermore, the Buntal-5 Field by Medco E&P Natuna Ltd provides additional gas production of 45 MMSCFD. Finally, Sembakung Power Plant by PT Pertamina EP with a capacity of 4 MW to support upstream oil and gas operations in the East Kalimantan region.

Blogger Agus Purnomo in Petronas Carigali Ketapang II Ltd.

In 2020, SKK Migas targets 11 upstream oil and gas projects to be onstream. Another project scheduled to operate this year is Bukit Tua Phase-3 with an estimated production of 31.5 MMSCFD by Petronas Carigali Ketapang II Ltd. planned to begin operations in the first quarter of last year.

Blogger Agus Purnomo in Petronas Carigali Ketapang II Ltd.

Furthermore, besides Meliwis, two projects will operate in the second quarter, namely the 15 MMSCFD Betung Compressor by PT Pertamina EP, Malacca Strait Phase-1 3,000 BPH by EMP Malacca Strait.

In the third quarter of 2020, there were three oil and gas projects scheduled to operate. These three projects are the 2.4 mmscfd Beauty Project by PT Sele Raya Belida, the LP-MP SKG-19 150 MMSCFD Compressor by PT Pertamina EP, and Peciko 8A 8 MMSCFD by PT Pertamina Hulu Mahakam.

Finally, the Merakes Project by ENI Indonesia is scheduled to begin production in the fourth quarter of 2020. The peak production of the Merakes Field is estimated to reach 60,305 barrels of oil equivalent per day / BOEPD. In 2020, national oil and gas lifting was set at 1.95 million BOEPD, up slightly from last year's 1.8 million boepd realization. 

the Merakes Project by ENI Indonesia

    Specifically, oil production rose to 755 thousand BPH from the realization of 746 thousand BPH, and gas to 1.19 million BOEPD from the realization of 1.06 million BOEPD.

Investor Daily, Page-10, Thursday, June 4, 2020

The government is advised to invite oil and gas junior companies

The government is advised to invite junior companies (small companies) that focus on oil and gas exploration activities. This is because the discovery of significant oil and gas reserves is the key to achieving the target of producing 1 million barrels of oil per day (BPD) by 2030. 

       Practitioners of Oil and Gas Tumbur Parlindungan revealed that large oil and gas companies rarely voluntarily disburse large funds for large-scale exploration activities. This can be seen from the lack of large oil and gas companies participating in the management of new oil and gas blocks through auctions held by the government.

For this reason, he advised the government to invite junior companies to look for potential oil and gas reserves in the country. This is because, in the world, junior companies usually focus on finding oil and gas reserves to be sold to large oil and gas companies. He gave an example, the discovery of large gas at Tangguh was actually carried out by Arco. However, BP, which is now the operator there, acquired the company.

"We need to invite small companies but want to take exploration risks. We need pioneers who want to drill, we need players who want to play exploration, big companies focus above 100 million barrels and above, "said Tumbur.

According to him, data on oil and gas reserves owned by Indonesia are currently difficult to compete with other regions. At present, large oil and gas companies are actually targeting Africa, which has proven oil and gas reserves in large quantities. This will only happen in Indonesia if there are 11 proven huge oil and gas reserves.

"The company will come if the reserves are proven large," said Tumbur.

Tumbur explained, large companies such as Shell, Chevron, Exxon, and Total would not be interested in oil and gas reserves whose volumes were less than 100 million barrels of oil equivalent. 

Furthermore, companies such as HESS, ConocoPhillips, and National Oil Company (NOC) such as Petronas, PTTEP Thailand, Repsol, will only glance at one area if the reserves are more than 50 million barrels of oil equivalent. 

In fact, he continued, the flow of foreign investment funds is very important so that exploration activities can run massively in Indonesia.

Blogger Agus Purnomo in Petronas PC Ketapang

"We see that our oil and gas block auction is not very large, so it will not be in demand by large companies," he said.

Repsol

On the other hand, the success of finding oil and gas reserves (success ratio) in Indonesia is still less than 50%. This could also be an obstacle to achieving the 1 million BPD oil production target. He gave an example, the findings of oil and gas in Ande-Ande Lumut could be one of the big findings, but the problem of monetization and the use of technology could hamper its development.

Referring to the data of the Ministry of Energy and Mineral Resources (ESDM), the number of the signing of production sharing contracts (PSCs) from oil and gas block auction results has been relatively low since 2015. In 2015, the government signed 8 PSCs. But afterward, although the auction was still held, in 2016-2017, not a single PSC was signed. Furthermore, as many as 11 PSCs were signed in 2018 and 6 PSCs last year. In fact, the signing of the PSC in Indonesia touched 26 contracts in 2011.

Inline, the realization of national oil and gas exploration investment has also been relatively low since 2015. In 2015, the realization of exploration investment was recorded to still reach the US $ 970 million. However, this exploration investment continues to decline to the US $ 916.2 million in 2016, US $ 576.55 million in 2017, and rose to the US $ 786.18 million in 2018. In fact, exploration investment in Indonesia once touched the US $ 3, 05 billion in 2013.

Must be planned

Another strategy from the government to reach the target of 1 million BPD is through enhanced oil recovery (EOR) activities. According to Tumbur, this EOR activity must be planned from the beginning in the development of an oil and gas block. The reason is that EOR activities will not be effective and will require large costs if they are only carried out when the oil and gas reserves of an oil and gas block are almost gone.

"During the decline, the energy strategy has been lost. If it was only EOR at that time, the cost was more expensive. EOR continues improvement, there are pilots from the start. If it's already [production] road it's difficult to run, "said Tumbur.

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) once made an additional projection of oil production from EOR activities. Referring to the projection, the newly initiated EOR activities can significantly increase oil production starting in 2025. Referring to the data, national oil production is projected to only be 281 thousand BPD by 2030 if no EOR activities are carried out. However, if the EOR is successfully implemented, oil production can be bent to 520 thousand BPD that year.

However, at present, the EOR activities are still in the pilot phase. PT Pertamina (Persero) through Pertamina EP has implemented EOR in Tanjung Field. The company has also signed the points of understanding between Pertamina and Repsol for full-scale management, including the implementation of surfactant-polymer EOR. In the Jirak and Rantau Fields, Pertamina is conducting a study of the application of surfactant chemicals for the implementation of EOR in both fields.

Furthermore, related to CO2 flooding, Pertamina is currently conducting studies in several fields, namely Jatibarang, Sukowati, and Ramba. Pertamina also expanded this EOR activity to the oil and gas block managed by PT Pertamina Hulu Energi (PHE), namely in the North West Java Offshore Block, precisely in the Zulu Field and E-Main. In addition, in the near future the Batang field, which is operated by PHE Siak, will be an EOR steam flooding pilot project.

Investor Daily, Page-9, Thursday, May 9, 2020

Additional Oil and Gas from the Bukit Tua Phase-3 Project

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) ensures one more oil and gas project has been operating onstream this year.

Dwi Soetjipto

Head of SKK Migas Dwi Soetjipto said that the Bukit Tua Phase-3 Field development project managed by Petronas Carigali Ketapang II Ltd had been onstream at the beginning of the second quarter-2020. 

Blogger Agus Purnomo in Petronas Carigali Ketapang II Ltd

   Previously, there were four projects that had been streamed in the first quarter of 2020, namely the Grati Pressure Lowering project, the Randugunting Gas Field development project, the Buntal-5 Gas Field development project, and the construction of the Sembakung Power Plant. The projects provide an additional 80 mmscfd of gas production and generate 4 megawatts (MW) electricity.

Dwi said the project, with an investment of US $ 15.1 million, was completed on time despite being overshadowed by the Covid-19 pandemic. The Bukit Tua Phase-3 Field Project is projected to increase gas production by 31.5 million standard cubic feet per day (mmscfd) and oil by 3,182 barrels of oil per day (bopd).

"The development of Bukit Tua Phase-3 is a very important project, considering the additional oil and gas production is very large and very beneficial for consumers, especially in East Java," Dwi said.

                                Blogger Agus Purnomo in SKK Migas

This year, SKK Migas is targeting 11 onstream projects. For this reason, Dwi appreciates Petronas's steps in completing the Bukit Tua Phase-3 project.

Kontan, Page-13, Monday, May 4, 2020

SKK Migas Seeks 12 Oil and Gas Projects This Year is Not Delayed

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) seeks to prevent 12 oil and gas projects scheduled to start production this year due to the widespread of the Corona Virus.

Dwi Soetjipto

SKK Migas Head Dwi Soetjipto said that the Covid-19 pandemic, which was followed by a call for the community to remain at home, made the oil and gas operational schedule for the project shifted from the plan. From his observation, there is one oil and gas project which has the potential to be delayed from this year's operation to next year.

"But we are trying to minimize the shift. We will inform you more fully in mid-April, "he said.

SKK Migas

SKK Migas Deputy for Operations Julius Wiratno added that the oil and gas project development has the potential to be disrupted due to a change in crew and logistics supply. Nevertheless, he will continue to conduct intensive coordination to mitigate and carry out recovery plans for the oil and gas project. In fact, several projects he said had been operating.

Blogger Agus Purnomo in SKK Migas

"Of the 12 projects in 2020, there are already four projects that are on stream (starting operations), all according to schedule. Hopefully, everything can run smoothly, "he said.

Of these four projects, three are scheduled to be operational in the first quarter of 2020, namely the Grati Pressure Lowering Project with a capacity of 30 million cubic feet per day / mmscfd by Ophir Indonesia (Sampang) Pty Ltd, Buntal-5 45 mmscfd by Medco E&P Natuna Ltd, and Sembakung Power Plant by PT Pertamina EP.

While one more project was completed earlier than planned in the second quarter, the Randu Scissors Project with an estimated production of 3 mmscfd by PT Pertamina Hulu Energi Randu Gunting. In addition, there are eight other projects planned to operate this year.

Blogger Agus Purnomo in Petronas Carigali Ketapang

In the first quarter, Bukit Tua Phase-3 with an estimated production of 31.5 mmscfd by Petronas Carigali Ketapang II Ltd is planned to start operations. Furthermore, three projects will operate in the second quarter, namely 15 mmscfd Betung Compressors by PT Pertamina EP, Malacca Strait Phase-1 3,000 bpd by EMP Malacca Strait, and Meliwis 20 mmscfd by Ophir Indonesia (Madura Offshore) Pty Ltd.

In the third quarter of 2020, there were three oil and gas projects scheduled to operate. These three projects are the 2.4 mmscfd Beauty Project by PT Sele Raya Belida, the 150 mmscfd LP-MP Compressor by PT Pertamina EP, and Peciko 8A 8 mmscfd by PT Pertamina Hulu Mahakam. Finally, the Merakes Project by ENI Indonesia is scheduled to begin production in the fourth quarter of 2020. 

ENI

At the Merakes Field, ENI plans to drill six subsea wells and build an underwater pipeline system that will be connected to the floating cricket production facilities / Jangkrik FPU in Muara Bakau Block. The peak production of the Merakes Field is estimated to reach 60,305 barrels of oil equivalent per day / boepd.

the Merakes Field

In 2020, the national oil and gas lifting is set at 1.95 million barrels of oil equivalent per day / boepd, up slightly from last year's realization of 1.8 million boepd. Specifically, oil production rose to 755 thousand BPD from the realization of 746 thousand BPD, and gas to 1.19 million boepd from the realization of 1.06 million boepd.

Investor Daily, Page-9, Friday, March 27, 2020

Petronas Begins Work on Phase 2B Bukit Tua Project

Petronas Carigali Ketapang II Ltd began construction of the foundation, procurement, construction, installation and operation (Engineering, Procurement, Construction, Installation, and Commissioning / EPCIC) Project Bukit Tua Phase 2B. The project is targeted to start producing oil and gas in February next year.

The execution of this project was marked by the inauguration of First Cut Steel by the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas). Referring to SKK Migas' official statement, this project is in the form of a four-foot platform construction with a wellhead complex that can be tied in with five wellheads and equipped with turbines.

The Bukit Tua Project Phase 2B

The Bukit Tua Project Phase 2B oil production is targeted at around 7 thousand barrels per day (BPD), so that the total production from the Bukit Tua Field will increase from 11 thousand BPD to 18 thousand BPD. In addition, this project will also produce a gas of 60 million cubic feet per day / mmsfd.

Blogger Agus Purnomo in PETRONAS Carigali Ketapang

Head of Project Management and Facility Maintenance Division Lucky Agung Yusgiantoro revealed, not only to increase the production of Bukit Tua Field, Ketapang Block II, the project will also help achieve the national oil and gas lifting target this year. Therefore, he is committed to contributing and the best performance.

"This program will be one of the first steps to continue to pursue better 2020 performance by increasing the production capacity target of the Bukit Tua Field," he said.

Previously, last year, Petronas worked on the Phase 3 Bukit Tua Project in the Ketapang Block, which was projected to produce 31.5 thousand BPD of oil and 31 mmscfd of gas. The US $ 15 million project includes the construction of deck extensions on the WHP BTJT-A existing, installation of four conductors and clamps, modification of the existing IRCD for chemical injection, the addition of a new wellhead control panel, and installation of a wet gas flowmeter.

This project is targeted to operate in the first quarter. In 2020, the national oil and gas lifting was set at 1.95 million barrels of oil equivalent per day (boepd), up slightly from last year's 1.8 million boepd. Specifically, oil production rose to 755 thousand BPD from the realization of 746 thousand BPD, and gas to 1.19 million boepd from the realization of 1.06 million boepd.

IN INDONESIA

Petronas Mulai Pengerjaan Proyek Bukit Tua Fase 2B

Petronas Carigali Ketapang II Ltd memulai pengerjaan rekayasan, pengadaan, konstruksi, instalasi, dan operasi (Engineering, Procurement, Construction, Installation, dan Commissioning/EPCIC) Proyek Bukit Tua Fase 2B. Proyek ini ditargetkan mulai memproduksi migas pada Februari tahun depan. 

Pengerjaan proyek ini ditandai peresmian First Cut Steel oleh Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas). Mengacu keterangan resmi SKK Migas, proyek ini berupa pembangunan anjungan (platform) empat kaki dengan well head complex yang dapat digabungkan (tie in) dengan lima well head dan dilengkapi dengan turbin. 

Produksi minyak Proyek Bukit Tua Fase 2B ditargetkan sekitar 7 ribu barel per hari (bph), sehingga secara total produksi dari Lapangan Bukit Tua akan naik dari 11 ribu bph menjadi 18 ribu bph. Selain itu, proyek ini juga akan menghasilkan gas sebesar 60 juta kaki kubik per hari/mmsfd.

Kepala Divisi Manajemen Proyek dan Pemeliharaan Fasilitas Luky Agung Yusgiantoro mengungkapkan, tidak hanya menaikkan produksi Lapangan Bukit Tua, Blok Ketapang II, proyek tersebut juga akan membantu pencapaian target lifting migas nasional pada tahun ini. Karena itu pihaknya berkomitmen memberikan kontribusi dan kinerja terbaik.

“Program ini akan menjadi salah satu langkah awal yang baik untuk terus mengejar capaian kinerja 2020 yang lebih baik dengan dapat meningkatkan target kapasitas produksi dari Lapangan Bukit Tua,” katanya.

Sebelumnya, di tahun lalu, Petronas menggarap Proyek Bukit Tua Fase 3 di Blok Ketapang yang diproyeksikan menghasilkan minyak 31,5 ribu bph dan gas 31 mmscfd. Proyek senilai US$ 15 juta ini mencakup pembangunan deck extention pada eksisting WHP BTJT-A, pemasangan empat buah konduktor dan clamp, modifikasi eksisting IRCD untuk chemical injection, penambahan wellhead control panel baru, serta pemasangan wet gas flowmeter. 

Proyek ini ditargetkan beroperasi pada kuartal pertama ini. Pada 2020, lifting migas nasional ditetapkan 1,95 juta barel setara minyak per hari (barrel oil equivalent per day/boepd), naik tipis dari realisasi tahun lalu 1,8 juta boepd. Rincinya, produksi minyak naik menjadi 755 ribu bph dari realisasi 746 ribu bph, serta gas menjadi 1,19 juta boepd dari realisasi 1,06 juta boepd.

Investor Daily, Page-9, Wednesday, Feb 5, 2020

This Week, Kepodang Gas's fate is discussed

The plan to halt the gas distribution of Kepodang Field since September 23, 2019, will be determined this week. Deputy Operations of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Julius Wiratno said that he and Petronas Carigali Muriah Ltd and Saka Energi will hold a meeting to finalize the fate of the field in the Muriah Block.

"(Talks) business to business is still not finished, the deadline on Friday [1/24] finalized. Hopefully, it will flow quickly and add productively, he said.

Julius explained that the discussion between the two parties was still constrained regarding obligations after the operation. In addition, the remaining reserve potential is estimated to be small. 

    Even though the amount is not detailed, SKK Migas said that the potential is still possible for exploration. SKK Migas also expects Saka Energi's commitment to developing Kepodang Field in the future, "he said.

PT Perusahaan Gas Negara Tbk (PGAS), the parent company of Saka Energi in the agenda of the Extraordinary General Meeting of Shareholders (EGMS), had stated that in December last year there was an agreement with SKK Migas to continue the gas distribution from Kepodang Field. 

Kepodang Field Petronas

    PGAS Commercial Director Dilo Seno Widagdo said, his party indeed hoped it could still continue the gas distribution. "Saka Energi hopes that it can continue distribution while Petronas does not. We expect distribution in January or next month [February]," he said.

Efforts to resume gas distribution in the Muriah WK are in line with the planned improvement of the Saka Energi portfolio through the development of exploration and exploration around the Muriah Block. "If it can be opened again it could be more because the pressure has risen so that it can be more than 26 mmscfd," Dilo said.

PGAS Managing Director Gigih Prakoso said efforts to improve the Saka portfolio were the main programs this year.

"Some portfolios are not productive so that they can have a negative impact on Saka's overall performance," he said.

IN INDONESIA

Pekan ini, Nasib Gas Kepodang Dibahas 

Rencana penyaluran kembali gas Lapangan Kepodang yang terhenti sejak sejak 23 September 2019 akan ditentukan pekan ini. 

    Deputi Operasi Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Julius Wiratno mengatakan, pihaknya bersama Petronas Carigali Muriah Ltd dan Saka Energi akan menggelar pertemuan umuk Finalisasi nasib lapangan di Blok Muriah ini.

“(Pembicaraan) business to business masih belum selesai, tenggat waktu Jumat [24/1] difinalisasi. Semoga segera cepat mengalir dan menambah produlsif kata dia.

Julius menjelaskan, diskusi kedua pihak masih terkendala perihal kewajiban setelah operasional. Selain itu potensi cadangan tersisa diperkirakan hanya sedikit. Meski tidak memerinci jumlahnya, SKK Migas menyebutkan potensi yang ada masih mungkin untuk eksplorasi. SKK Migas juga mengharapkan komitmen Saka Energi untuk pengembangan Lapangan Kepodang ke depannya,” Kata dia.

PT Perusahaan Gas Negara Tbk (PGAS), induk usaha Saka Energi dalam agenda Rapat Umum Pemegang Saham Luar Biasa (RUPSLB), sempat menyatakan jika Desember tahun lalu telah ada kesepakatan dengan SKK Migas umnuk meneruskan penyaluran gas dari Lapangan Kepodang.

   Direktur Komersial PGAS Dilo Seno Widagdo menuturkan, pihaknya memang berharap masih dapat melanjutkan penyaluran gas. Saka Energi berharap masih bisa melanjutkan penyaluran sementara Petronas tidak Kami memperkirakan penyaluran pada Januari atau bulan depan [Februari],” katanya.

Upaya meneruskan kembali penyaluran gas di WK Muriah selaras dengan rencana perbaikan portofolio Saka Energi melalui pengembangan elsplorasi dan eksplokasi di sekitar Blok Muriah “Pada waktu ditutup [penghentian penyaluran] volume akhir 26 mmscfd. Jika dbuka lagi bisa lebih, karena tekanan sudah naik sehingga bisa lebih dari 26 mmscfd," ujar Dilo.

Direktur Utama PGAS Gigih Prakoso bilang upaya memperbaiki portofolio Saka adalah program utama di tahun ini. 

”Beberapa portofolio tidak produktif sehingga bisa memberikan dampak negatif terhadap kinerja Saka secara keseluruhan,” sebut dia.

Kontan, Page-14, Friday, Jan 24, 2020

Pursue the Target of Oil and Gas Lifting

The realization of oil and gas lifting last year missed the target. During 2019, the realization of oil and gas lifting only reached 90.5 percent or 1.8 million barrels of oil equivalent per day (BOEPD). 

   In fact, the target in the 2019 State Budget (APBN) reaches 2.025 million BOEPD. This year, the government set oil and gas lifting 1,946 million BOEPD with details of 755 thousand from oil and 1.191 million from gas.

Arifin Tasrif 

Although declining compared to last year, this year's target is considered very high. ESDM Minister Arifin Tasrif is optimistic that this year's target will be achieved. He said, Indonesia still had a big opportunity to increase lifting or production-ready to sell oil and gas by working on new fields and developing the existing Work Areas (WK).

"Right now we are working on developing new sources of oil and gas," Arifin said in Jakarta.

Arifin acknowledged natural processes such as amount and time resulted in the decline of oil and gas production in the last decade. The condition was a big task when he was appointed by President Joko Widodo to solve the problem.

"The most important thing is how to increase oil and gas lifting because indeed in recent years our production has declined," he said.

At present, the government has entrusted Pertamina as a state-owned company to manage several WKs whose contracts have ended. Arifin revealed optimism regarding the achievement of the oil and gas lifting target that was seen from the 12 projects targeted to apply this year.

Petronas Carigali Ketapang III Ltd

The 12 projects include, among others, Bukit Tua Pashe-3 by Petronas Carigali Ketapang III Ltd with a production capacity of 31.5 million standard cubic feet per day (mmscfd). 

Blogger Agus Purnomo in Petronas Carigali Ketapang

    Currently, the operator is in the engineering, procurement, and construction (EPC) stage. The project is scheduled for production in January 2020. Then, there is a Grati Pressure Lowering project undertaken by Ophir Indonesia (Sampang) Pty Ltd with a production capacity of 30 mmscfd.

The current stage is the work of the EPC and is scheduled to produce in March 2020. Furthermore, there is a Buntal-5 project that Medco Energy works on and is scheduled to produce in March 2020.

Similar to Bukit Tua Pashe-3, the project was initially listed as onstream last year but was forced to be unable to operate. This happened because the rig for drilling the project did not arrive immediately because it was still used in Vietnam.

In addition, the government plans to implement a number of strategies by providing incentives to oil and gas business entities to accelerate 42 oil and gas field development / POD plans. Next also encourages the use of Enhanced Oil Recovery (EOR) technology and legalizes the management of old wells by the community even though the production is small.

"Through SKK Migas, the government also opened a One Door Service Policy (ODSP) service to realize the target of producing 1 million barrels of oil per day by 2030," he added.

IN INDONESIA

Kejar Target Lifting Migas

Realisasi lifting migas tahun lalu meleset dari target. Sepanjang 2019, realisasi lifting migas hanya mencapai 90,5 persen atau 1,8 juta barrels of oil equivalent per day (BOEPD). Padahal, target dalam Anggaran Pendapatan dan Belanja Negara (APBN) 2019 mencapai 2,025 juta BOEPD. Tahun ini, pemerintah menetapkan lifting migas 1,946 juta BOEPD dengan perincian 755 ribu dari minyak dan 1,191 juta dari gas. 

Meski menurun dibandingkan tahun lalu, target tahun ini dinilai sangat tinggi. Menteri ESDM Arifin Tasrif optimistis target tahun ini akan tercapai. Dia menuturkan, Indonesia masih punya peluang besar meningkatkan lifting atau produksi siap jual minyak dan gas bumi dengan mengerjakan ladang baru serta mengembangkan Wilayah Kerja (WK) eksisting.

”Sekarang ini kita sedang mengupayakan supaya ada pengembangan sumber-sumber minyak dan gas baru," kata Arifin di Jakarta.

Arifin mengakui proses alamiah seperti jumlah dan waktu mengakibatkan terjadinya penuruman produksi migas dalam dekade terakhir. Kondisi itu menjadi tugas besar ketika dirinya ditunjuk Presiden Joko Widodo untuk menyelesaikan permasalahan tersebut.

"Hal yang paling utama adalah bagaimana bisa meningkatkan lifting migas karena memang dalam beberapa tahun ini produksi kita menurun,” ujarnya.

Saat ini, pemerintah memercayakan kepada Pertamina selaku perusahaan milik negara untuk mengelola beberapa WK yang sudah berakhir masa kontraknya. Arifin mengungkapkan, optimisme terhadap capaian target lifting migas tersebut terlihat dari 12 proyek yang ditargetkan berlaku tahun ini. 

Ke-12 proyek tersebut, antara lain, Bukit Tua Pashe-3 yang dikerjakan Petronas Carigali Ketapang III Ltd dengan kapasitas produksi 31,5 juta standar kaki kubik per hari (mmscfd). Saat ini operator dalam tahapan pengerjaan engineering, procurement, dan construction (EPC). Proyek tersebut dijadwalkan berproduksi Januari 2020. Kemudian, ada proyek Grati Pressure Lowering yang dikerjakan Ophir Indonesia (Sampang) Pty Ltd dengan kapasitas fasilitas produksi 30 mmscfd.

Tahapan saat ini adalah pengerjaan EPC dan dijadwalkan berproduksi pada Maret 2020. Selanjutnya, ada proyek Buntal-5 yang dikerjakan Medco Energi dan dijadwalkan berproduksi pada Maret 2020. 

Sama dengan Bukit Tua Pashe-3, awalnya proyek tersebut masuk daftar onstream tahun lalu, tetapi terpaksa tidak dapat beroperasi. Hal itu terjadi lantaran rig untuk pengeboran proyek tidak segera datang karena masih digunakan di Vietnam. 

Di samping itu, pemerintah berencana menjalankan sejumlah strategi dengan memberikan insentif kepada Badan Usaha (BU) minyak dan gas untuk mempercepat 42 rencana pengembangan/POD lapangan minyak dan gas. Berikutnya juga mendorong penggunaan teknologi Enhanced Oil Recovery (EOR) serta melegalkan pengelolaan sumur tua oleh masyarakat meski produksinya sedikit.

”Melalui SKK Migas, pemerintah juga membuka layanan One Door Service Policy (ODSP) untuk merealisasikan target produksi minyak 1 juta barel per hari pada 2030,” imbuhnya.

Jawa Pos, Page-5, Monday, Jan 20, 2020