Wait PLN, Field Kepodang Ready to Stream Gas

PT Perusahaan Gas Negara Tbk (PGN) stated that gas production from Kepodang Field, Muriah Block will flow after the gas sale and purchase agreement (PJBG) with PT PLN (Persero) is signed. PGN is also optimistic that it will win an arbitration suit against Petronas Carigali Muriah Ltd (PCML) following the cessation of Kepodang Field gas production in September 2019.

PGN President Director Suko Hartono said that 80% of participating interest / PI ownership in Muriah Block which was initially held by PCML had been transferred to his party through Saka Energi Muriah Ltd (SEML). Thus, his party can produce Kepodang Field.

"So at least there is a gas flow of 10-20 MMSCFD (million standard cubic feet per day)," he said.

Kepodang Field, Blok Muriah started producing gas for the first time at 56 MMSCFD at the end of August 2015. The gas supply was channeled with the Kalimantan-Java (Kalija) I pipeline managed by PT Kalimantan Jawa Gas (KJG) to the Steam Gas Power Plant (PLTGU) Tambak PLN's Lorok in Semarang, Central Java.

Bloggger Agus Purnomo in Petronas Carigali Ketapang

However, in July 2017, Petronas stated that Kepodang Field was in force majeure because the reserves did not match the predictions. This field gas production was then stopped on 23 September 2019.

Suko added, his party had received permission from the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) to restart gas production at Kepodang Field. But he was not sure when the gas would start flowing because it was still waiting for the gas purchase agreement by PLN.

"This is what we are trying to do so that gas production can be in 2020-2021. We are waiting for the PJBG, "he said.

Previously, Saka Energi had sent an official letter to PLN regarding gas supply from Kepodang Field. Another commercial aspect that needs to be prepared is the Gas Transportation Agreement (GTA), where Saka will negotiate with KJG as a transporter.

PGN has been involved in the management of Kepodang Field, Blok Muriah from the beginning through SEML with 20% PI ownership. However, PCML and SEML have signed legal documents on the transfer of a participating interest or the Deed of Assignment (DoA) of Petronas participation shares at the end of January.

So, now SEML holds 100% interest participation in the Muriah Block. Even though the production has stopped since September 2019, the function testing activities for important equipment in the Kepodang Field are still carried out routinely. Over the past five months, Saka and Petronas have also made operational transitions, including conducting joint operations trials to keep operating facilities functioning properly. This is so that Saka can directly produce gas as soon as management switches.

Arbitration Lawsuit

At the same time, PGN Finance Director Arie Nobielta Kaban revealed, the lawsuit against Petronas Carigali related to the cessation of Kepodang Field gas production in the Arbitration International Chambers of Commerce (ICC) is still rolling. He is optimistic he can win this lawsuit.

"There is potential [to win], according to our lawyer, the gap is very large, around 70%, we won," he said.

The arbitration award is likely to come out in 2021. The lawsuit was filed because PGN also holds an 80% stake in KJG, in addition to the PI in the Muriah Block. Kaban explained the cessation of the Kepodang Field gas supply had an impact on the value of the KJG Kalija I pipeline.

"So, this pipe needs to be impaired in accounting because the book value is higher, which is the US $ 98 million," he said.

Previously, according to a letter from the Board of Directors of PGN on the Indonesia Stock Exchange (IDX) securities information disclosure in September 2019, the lawsuit was related to ship or pay obligations as stipulated in the gas transportation agreement between PCML, KJG, and PLN.

Because PCML ended the GTA with KJG and PLN earlier than the agreement following the end of the PJBG with PLN. PGN had revealed that based on the initial plan, the gas flowed through Kalija I Pipe reached 116 million MMSCFD. However, to guarantee the company's investment in the pipeline, a ship or pay scheme was established with a minimum limit of gas flowing at 104 MMSCFD.

The realization, since the Kepodang Field began production in 2015, the gas flowed through Kalija I Pipe has always been below the minimum limit. In 2015, the gas flowing was only 86.06 MMSCFD. Furthermore, Kepodang Field only releases gas of 90.37 MMSCFD in 2016 and 75.64 MMSCFD in 2017.

Investor Daily, Page-17, Friday, July 10, 2020

Efforts to Find a Substitute for Shell in the Masela Block

Royal Dutch Shell Plc (Shell) has indeed not officially come out of the Masela Block Abadi Gas Project, Maluku Province. But that intention has been illustrated by Shell's request to open a data room block that was designed to have an LNG capacity of 9.5 million tons.

Deputy for Operations for the Special Unit for Upstream Oil and Gas Business Activities (SKk Migas), Julius Wiratno said that negotiations between Shell and Inpex Corporation as the holders of 65% participation in the Masela Block were still ongoing.

the Masela Block in Maluku Indonesia

Do not rule out the possibility, the negotiation process will lead to a recalculation of the investment value in the block. This is also supported by situations and conditions that occur where project work has not yet fully taken place.

"Until today Shell has not resigned, there is still a B to B discussion with Inpex. "However, Inpex will continue, the project must start even if it is stumbling, let alone the Covid-19 pandemic," Julius said.

Shell's plan to step down was seen when the company asked permission to open a data room. This step allows potential investors to see the potential of the Masela Block.

SKK Migas has also sent a letter to complete the request for opening the data room. Shell is said to be looking for partners to transfer 35% of its participating shares. However, Shell Indonesia's External Relations Vice President Rhea Sianipar was reluctant to comment on this.

"For the question above, I have no comment," Rhea said.

Until last night, Melia Relations Inpex Corporation Specialist Moch N Kurniawan had not answered Kontan's questions.

Kontan, Page-12, Tuesday, July 7, 2020

THE MORE WEIGHT THE MASELA PROJECT

The Abadi Field development project, the Masela Block, located in the Arafuru Sea, Maluku is considered to be getting heavier. In addition to the uncertainty of buyers from the oil and gas block, liquid gas / LNG market conditions are also still difficult to predict.

the Masela Block

Currently, the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) is reviewing the continuation of the Masela Block development project.

Dwi Soetjipto

SKK Migas Head Dwi Soetjipto said that the price of LNG which fell in the range of US $ 2 per MMBtu greatly affected the economics of the Masela Block project. According to him, the low price of LNG was influenced by the Covid-19 pandemic which hit almost all countries in the world, thus making demand is reduced.

"This is the fear of the project owner as in the Masela Block, project execution going forward," he said.

Dwi revealed, not a few Cooperation Contract contractors (KKKS) submitted a revised work plan this year, because they had to face a very difficult time.

SKK Migas Deputy for Operations Julius Wiratno added by looking at the current conditions, it was possible that the Masela project would be delayed. Julius had revealed that Shell Upstream Overseas Ltd. (Shell) decided to go out and the project, because of cash flow problems due to projects in other countries are stunted.

Inpex Corporation

"Inpex did not step down, which Shell resigned as a partner. All Inpex will be taken over or currently looking for potential partners, "he said.

However, later the statement was corrected.

"Until today Shell hasn't left yet, it's still a B to B discussion, negotiation. The project must continue even if it is limping, "he said.

When it was confirmed by Bisnis Indonesia, both Shell and Inpex management was reluctant to comment on the news of Shell's withdrawal in the project. Meanwhile, Shell originally held 35% of the share of participation in the project. The rest is held by Inpex and regionally-owned enterprises (BUMD) by 10%.

The Trisakti University Teaching Staff Pri Agung Rakhmanto assessed that if it was true that Shell resigned as a strategic partner in the project, the development of the Masela Block project would certainly not be easy. According to him, partner factors in the development of the Masela Block project added complexity to existing problems, such as certainty of gas buyers and Masela's production output. 

On the other hand, he said, the condition of the global LNG market in the next 5 years is projected to also be in an oversupply condition with low prices. So the cost and economic development of the Masela Block will not necessarily be competitive to develop existing fields, "he said.

Inpex Corporation and Shell Upstream Overseas Ltd.

Based on the records, Inpex Corporation and Shell Upstream Overseas Ltd. (Shell) previously signed a cost recovery profit-sharing amendment contract, including an additional 7 years of allocation and extension of the Abadi LNG project with SKK Migas on October 11, 2019.

Bisnis Indonesia, Page-4, Monday, July 6, 2020

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

Oil Lifting 2020 Predicted 705 Thousand BPD

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) projects national production of ready-to-sell oil (facelift) up to the end of the year to only reach 705,000 barrels per day (BPD) or more than the security of the security of the food security) by 755,000 BPD. 

   

  This is through with the Covid-19 pandemic. However, SKK Migas is starting to commit to a recovery starting next year. In 2030, oil is targeted to reach 1,000,000 BPD.

"Applying 705,000 BPD that makes sense, we can obtain in 2020. Raise the challenge we are discussing is restoring next year so that next year does not decline again," said SKK Migas Head Dwi Soejipto.

Dwi Soejipto

Dwi said the raised projections were from 15 cooperation contract contractors (KKKS) representing 96% of the national production line. In the first place was occupied by Mobil Cepu LTD then accepted by PT Chevron Pacific Indonesia (CPI) with the Rokan Block.

PT Chevron Pacific Indonesia (CPI)

Although Chevron finished managing the Rokan Block in August 2021, efforts to optimize production are still carried out. It was estimated that it would have decreased by 20 thousand BPD but until the end of May, it could still produce 180 thousand BPD. 

the Rokan Block from Chevron (CPI)

    He said SKK Migas was guarding the transition period for the management of the Rokan Block from Chevron (CPI) to Pertamina. This is to avoid a decrease in production as happened in the Mahakam Block.

the Mahakam Block

"We hope that by the end of the year we will be able to optimize easily. Currently, it is still being discussed with CPI so that they can invest again in this transition period, "he said.

Dwi further agreed to wait for oil and gas projects scheduled to be completed this year. In the third quarter of 2020, a number of migration projects began production, the Malacca Strait Project Phase-1, the Beauty Field in the Belida Block, the Betung Compressor Project and Musi Timur SKG-19, the Meliwis Field in the Madura Offshore Block, and the Peciko Field in the Mahakam Block.

 

"We are optimistic that the additional production from these projects will help achieve the year-end appointment target," Dwi said.

In 2020, SKK Migas starts 11 oil and gas projects can start onstream. To date, five oil and gas projects have been approved and can provide additional oil production of 3,182 BPD and gas 109.5 million standard cubic feet per day / MMSCFD.

Dwi further revealed that there were 4 national strategic projects among Tangguh Train 3, which began at the completion of 2020 essence, until the end of III or the end of 2021. Realization until May 2020 was approved for land 82.45% of the target of 83.15% and offshore 98.15% offshore 98.15% of the target of 99.35%.

Jambaran Tiung Biru

Then, Jambaran Tiung Biru is planned to be streamed from the third quarter of 2021 to the fourth quarter of 2021. Introduced until May yesterday received 64.54% of the 69.60% target. The next project is being prepared by Inpex Abadi Masela and expected to be streamed in 2027. 

Inpex Abadi Masela

   While the Indonesia Deepwater Development (IDD) project for the Gendalo and Gehem working areas is in the process of improving the consortium and developing a development plan (Po) to Development (PoD) to Development (Po)

Gendalo and Gehem Project by Chevron

Oil and Gas Potential

He explained, Indonesia has a huge oil and gas potential with 128 basins. Of these, 27 basins have been produced. He said there was a need to transform possible into the second package by declaring the production of one million barrels in 2030. He said the government was now more flexible for investors to choose the production sharing contract between Gross Split or Cost Recovery.

But he asked for legal protection made by the Oil and Gas Law to guarantee certainty for investors. Even though production reaches 1 barrel jute in 2030, by 2030 it is projected that the demand for fuel oil (BBM) reaches 2.7 million barrels. This means that industry support is needed for fuel oil to gas.

"There must be a policy that encourages using gas, getting relief from those who use fuel," Dwi said.

Investor Daily,  Page-1, Tuesday, June 16, 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

Oil and Gas Businessmen Review Work Plans

The oil and gas industry players began to review all work plans, in line with the weakening of world oil prices to levels below the US $ 30 per barrel, the lowest since 2016.

With conditions inevitably the upstream oil and gas sector must carry out various strategies, including efficiency measures in order to remain viable.

Deputy Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Fatar Yani Abdurrahman said that he continued to monitor developments in world oil prices, including proposals from the Cooperation Contract Contractors (KKKS). At present his party together with KKKS is still focused on existing production.

"We have prepared a policy, but we have not released it. What we see now is how the KKKS survive and profit and loss in the direct costs of production, "he said.

Based on Bloomberg data, at the beginning of this year, the price of West Texas Intermediate (WTI) oil reached US $ 61.18 per barrel until finally reaching the level of US $ 22.63 per barrel in trading Friday (20/3).

In line with that, Brent oil reached the level of US $ 66.25 per barrel at the start of 2020, until finally, it dropped to the level of US $ 26.98 per barrel in trading last week.

Meanwhile, on Thursday (March 26) until 14.32 WIB, WTI type oil prices for the May 2020 contract were exchanged Nymex is at the level of US $ 23.54 per barrel. Likewise with the price of Brent oil for the May 2020 contract on the ICE exchange corrected 0.83% to as low as the US $ 26.56 per barrel.

SKK Migas Deputy for Operations Julius Wiratno added, the weakening of world oil prices below the level of US $ 30 per barrel certainly had an effect on the performance of KKKS. For this reason, his party facilitated and tried to review massive efficiency measures, especially for KKKS that have high operating costs.

"We are discussing reviewing work programs that are not a priority so we immediately drop it," he explained.

Pertamina Hulu Energi's Managing Director Meidawati revealed that her office was reviewing all work plans and renegotiating the procurement of goods and services. 

    Not only that, but he also carried out efficiency related to operating cost budgets without disturbing costs associated with the health safety security environment (HSSE), costs that have a direct impact on production, as well as costs related to worker welfare.

"If oil prices are low, work plans can delay or cancel both exploration and development. What is clear is that we will prioritize the exploration and development drilling work plan whose risk is lower in the future, "said Meidawati.

For the production target, Pertamina Hulu Energi will continue to optimize its production activities so that this year's production target can be achieved despite the pressure.

"We will try our best. There are still 9 months to go, and we hope that all problems will end and the price of oil will return to the above US $ 50 per barrel, "said Meidawati.

POLICY PACKAGE

With the weakening of oil prices to below the level of US $ 30 per barrel, the government's policy package is certainly highly anticipated to support the sustainability of the upstream oil and gas sector. Executive Director of the Institute for Essential Services Reform (IESR) Fabby Tumiwa said, if the weakening of world oil prices occurs within the next 6 months, it is necessary to consider changing the formula for revenue sharing and other fiscal incentives.

According to him, this matter needs to be reviewed carefully by SKK Migas, the Ministry of Energy and Mineral Resources, and the Ministry of Finance.

"For the time being I have not recommended it, but for the study, it could be done pending the development of oil prices," he said.

Meanwhile for KKKS, Fabby argues, efficiency is the most appropriate strategy to be applied in the current conditions. The reason is that the average cost of oil production in Indonesia is the US $ 25 per barrel-US $ 30 barrels so that with the current oil price, KKKS can be said to be at a disadvantage because of the difficulty in getting profits.

"For KKKS in the current oil condition, it is necessary to carry out massive efficiency," he explained.

On the other hand, observers of the upstream oil and gas sector Tumbur Parlindungan assess the government's needs to make the ecosystem in the oil and gas sector more conducive and help facilitate all licensing. In addition, the government needs to hold activities that help KKKS to increase their production.

"In the end, there will be a merger or acquisition between oil and gas companies," he said.

Indonesian Petroleum Association Director Nanang Abdul Manaf said that if the weakening of oil prices is long-term in nature, it will later have an impact on all KKKS activities.

"Actually the price of oil below the US $ 30 per barrel has touched psychological numbers," he said.

According to Nanang, of course, incentives are needed because many projects are no longer economical with low oil prices.

Bisnis Indonesia, Page-8, Friday, March 27, 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

HCML Supports SKK Migas Apply e-CHSEMS Application

The application of the Electronic Contractor Health Safety Environment Management System (e-CHSEMS) received full support from Husky-CNOOC Madura Limited (HCML) as one of the cooperation contract contractors working under the control of SKK Migas.

The HCML HSSE Manager, Rockyanto Sasabone, revealed that the application of e-CHSEMS is an application of the information technology function and HCML supports the efforts to strengthen the data bank that shortens the procurement process of goods and services while maintaining the performance of Health, Safety and Environmental Protection (K3LL) of Work Partners.

Blogger Agus Purnomo in SKK Migas

The e-CHSEMS application was launched by SKK Migas Surabaya in early March. "General Manager and the highest leadership of the procurement and K3LL functions from around 42 KKKS agreed and committed to supporting the application of the e-CHSEMS Application," he explained.

Bhirawa, Page-10, Wednesday, March 11, 2020