Work on the Mahakam block, Pertamina Cooperate with Partners

PT Pertamina is an expert in partnering with partners as one of the strategies to manage the Mahakam block starting January 1, 2018. However, the company has not set which oil and gas company will be its partner.

"One of our strategies is partnership," said Pertamina President Director Elia Massa Manik in Jakarta.

However, cooperation with other oil and gas companies does not have to start on January 1, 2018. The release of corporate rights to the other party can be done anytime. It also has not confirmed whether Total E & P Indonesia and Inpex Corporation will re-join the Mahakam block, or there are other companies.

'"We'll see," he said.

Earlier, Total E & P Indonesie also said it wanted to rejoin the Mahakam Block if it could get 39% participation rights. Not only Total, Mubadala Petroleum, a UAE oil and gas company, expressed interest in joining the Mahakam block. This was conveyed by the leadership of Mubadala to the Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar last November.

Related letter from the Ministry of Energy and Mineral Resources (ESDM) which opens the opportunity Total and Inpex earn participation rights up to 39%, Elijah said not yet received his side.

"There is no letter to us," he said.

Last week, Deputy Minister of Energy and Mineral Resources Arcandra Tahar revealed that he had signed a letter allowing Pertamina to abandon the participation rights of Mahakam Block to another party up to 39%. This letter revises the letter sent in the ESDM Minister Sudirman Said's era that limits the maximum 30% participation allowance to be released.

"There's already a letter. It can be up to 39% (part of the participation is released), "said Arcandra.

Meanwhile, Upstream Director of Pertamina Syamsu Alam had stated, Pertamina able to work on Mahakam Block with or without partners.

"Are we able to manage the Mahakam? Capable, employees stay there, then we have some finance who want to join. So we wait until the end of the year, "said Alam.

Previously, as known Pertamina has signed a new contract of Blok Mahakam valid from January 1, 2018 at the end of 2015 ago. Under the contract, the company promised a signature bonus of US $ 41 million.

IN INDONESIA

Kerjakan Blok Mahakam, Pertamina Gandeng Mitra

PT Pertamina akal menggandeng mitra sebagai salah satu strategi dalam mengelola Blok Mahakam mulai 1 Januari 2018. Meski demikian, perseroan belum menetapkan perusahaan migas mana yang akan menjadi mitranya.

“Salah satu strategi kami adalah partnership,” kata Direktur Utama Pertamina Elia Massa Manik di Jakarta.

Meski demikian, kerja sama dengan perusahaan migas lain ini tidak harus dimulai pada 1 Januari 2018. Pelepasan hak partisipasi perseroan ke pihak lain dapat dilakukan kapan saja. Pihaknya juga belum memastikan apakah Total E&P Indonesia dan Inpex Corporation akan kembali bergabung mengelola Blok Mahakam, atau justru ada perusahaan lain.

‘"Nanti kami lihat,” ujarnya. 

Sebelumnya, Total E&P Indonesie juga menyatakan ingin bergabung kembali di Blok Mahakam jika bisa memperoleh hak partisipasi 39%. Tidak hanya Total, Mubadala Petroleum yang merupakan perusahaan migas Uni Emirat Arab menyatakan minatnya untuk ikut mengelola Blok Mahakam. 

      Hal ini disampaikan pimpinan Mubadala kepada Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar pada November lalu.

Terkait surat dari Kementerian Energi dan Sumber Daya Mineral (ESDM) yang membuka kesempatan Total dan Inpex memperoleh hak partisipasi hingga 39%, Elia menyebut belum diterima pihaknya.

“Tidak ada suratnya ke kami,” kata dia.

Pada pekan lalu, Wakil Menteri ESDM Arcandra Tahar mengungkapkan sudah menandatangani surat yang mengizinkan Pertamina melepas hak partisipasi Blok Mahakam kepada pihak lain sampai 39%. Surat ini merevisi surat yang dikirim pada era Menteri ESDM Sudirman Said yang membatasi hak partisipasi yang boleh dilepas maksimal 30%.

“Kan sudah ada suratnya. Boleh up to 39% (bagian partisipasi yang dilepas) ,” kata Arcandra.

Sementara itu, Direktur Hulu Pertamina Syamsu Alam sempat menyatakan, Pertamina mampu menggarap Blok Mahakam dengan atau tanpa mitra. 

“Apakah kami mampu mengelola Mahakam? Mampu, karyawan tetap di sana, lalu kami ada beberapa finance yang mau bergabung. Jadi kami tunggu sampai akhir tahun,” tegas Alam.

Sebelumnya, seperti diketahui Pertamina telah menandatangani kontrak baru Blok Mahakam yang berlaku mulai 1 Januari 2018 pada akhir 2015 lalu. Dalam kontrak itu, perseroan menjanjikan bonus tanda tangan US$ 41 juta.

Investor Daily, Page-9, Thursday, Dec 28, 2017

Sign in Mahakam block, Total EP Must Pay Rp 49 Trillion

If not able to pay, Pertamina opens opportunities for other investors in Mahakam Block.

Although Total EP Indonesie is allowed to control 39% stake in the Mahakam Block, the French company should not be happy. Based on the calculation of Special Unit for Upstream Oil and Gas Business (SKK Migas), the asset value of Mahakam block as of December 31, 2017 will reach US $ 9.43 billion or equivalent to around Rp 127 trillion.

The value of the assets of the Mahakam Block is increased by more than 100% compared to the calculation in January 2016 by IHS and Petropro used by SKK Migas at that time. The valuation of Mahakam's assets was only US $ 3.45 billion or around Rp 47 trillion.

the Mahakam Block

Head of Programs and Communications Division of SKK Migas Wisnu Prabawa Taher said the calculation of estimated asset value of Mahakam Block as of December 31, 2017 based on capital assets, inventory, and inventory materials.

"The value is US $ 9.43 billion (Rp 127 trillion)," he said.

He said the calculation of US $ 9.43 billion was not using the asset calculation institution but using internal calculations SKK Migas by doing physical checks Mahakam block. From that calculation, there is indeed a significant increase compared with the previous calculation.

"The price of oil is certainly one of the things that cause its value to rise," said Vishnu.

As a result, with the benchmark, Total EP must spend the US $ 3.67 billion if it wants to get 39% stake in Mahakam Block. The value is around Rp 49.6 trillion (assuming an exchange rate of Rp 13,500 per US dollar), and is equivalent to a 100% valuation of the Mahakam Bloc by 2016.

Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar previously stated that the entry of potential investors Mahakam block can be done after Pertamina, through its subsidiary PT Pertamina Hulu Mahakam, fully controls the Mahakam Block starting January 1, 2018. That is, Total EP Indonesie entering current or while the contract is still in progress.

Total EP will discuss directly the amount of Valuation value that they must redeem to get 39% stake in Mahakam block with Pertamina. Unfortunately, President & General Manager and Group Representative for Indonesia Arividya Noviyanto did not answer the confirmation of their willingness and willingness to pay that much or even withdraw.

Syamsu Alam, Upstream Director of Pertamina, said that the company is focusing on the business to the business process (B to B) that Pertamina will undertake with potential partners in the Mahakam Block.

"The process remains primarily B to B and its aspect is not just the percentage," Alam said.

In fact, Syamsu Alam said, there are already some companies interested in joining Pertamina in the block beside Total EP.

"There are some companies that have expressed an interest to enter the Mahakam," he said.

Outside of Total EP and Inpex, there are also companies from the United Arab Emirates, Mubadala Petroleum, who have expressed an interest in partnering with Pertamina in the Mahakam Block.

President Director of Pertamina Elia Massa Manik said, in addition to focus on finding partners, it also concerns about production. Next year Pertamina targets production in the range of 1,100 million cubic feet per day (mmscfd) of gas and 48,000 barrels per day (bopd) of oil. 

    To achieve the target, Pertamina allocates investment next year to reach US35 700 million. This is added to the operating costs of US $ 1.1 billion.

Pertamina has also drilled two wells and 14 wells-15 wells by the end of 2017. Based on the estimates, the Mahakam Block is now leaving a reserve of 57 million barrels of oil, 45 million barrels of condensate, and 4.9 tcf of gas.

IN INDONESIA

Masuk ke blok Mahakam, Total EP Harus Bayar Rp 49 Triliun

Jika tidak sanggup membayar, Pertamina membuka peluang bagi investor Iain di Blok Mahakam.

Meskipun Total EP Indonesie diizinkan menguasai 39% saham di Blok Mahakam, perusahaan Prancis itu tidak boleh gembira dulu. Berdasarkan hasil perhitungan Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas), nilai aset Blok Mahakam per 31 Desember 2017 akan mencapai US$ 9,43 miliar atau setara dengan sekitar Rp 127 triliun.

Nilai aset Blok Mahakam ini meningkat drastis lebih dari 100% dibandingkan perhitungan pada Januari 2016 oleh IHS dan Petropro yang dipakai SKK Migas saat itu. Valuasi aset Mahakam saat itu hanya sebesar US$ 3,45 miliar atau sekitar Rp 47 triliun.

Kepala Divisi Program dan Komunikasi SKK Migas Wisnu Prabawa Taher mengatakan, perhitungan estimasi nilai aset Blok Mahakam per 31 Desember 2017 berdasarkan harta benda modal, inventaris, dan material persediaan. 

"Nilainya sebesar US$ 9,43 miliar (Rp 127 triliun)," kata dia.

Dia mengatakan, perhitungan sebesar US$ 9,43 miliar itu tidak menggunakan lembaga perhitungan aset melainkan memakai perhitungan internal SKK Migas dengan melakukan cek fisik Blok Mahakam. Dari perhitungan itu memang ada kenaikan signifikan dibandingkan dengan perhitungan sebelumnya. 

"Harga minyak tentu saja salah satu hal yang menyebabkan nilainya naik," kata Wisnu.

Alhasil, dengan patokan itu, Total EP harus merogoh kocek US$ 3,67 miliar jika ingin mendapatkan 39% saham Blok Mahakam. Nilai itu sekitar Rp 49,6 triliun (dengan asumsi kurs Rp 13.500 per dollar AS), dan setara dengan valuasi 100% Blok Mahakam versi penilaian tahun 2016.

Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar sebelumnya menyatakan, masuknya calon investor Blok Mahakam bisa dilakukan setelah Pertamina, melalui anak usahanya PT Pertamina Hulu Mahakam, menguasai secara penuh Blok Mahakam mulai 1 Januari 2018. Artinya, Total EP Indonesie tidak harus masuk saat ini atau saat kontrak masih berlangsung.

Total EP akan membahas secara langsung besaran nilai Valuasi yang harus mereka tebus untuk mendapatkan 39% saham di Blok Mahakam dengan Pertamina. Sayang, President & General Manager dan Group Representative untuk Indonesia Arividya Noviyanto tidak menjawab konfirmasi ihwal kesanggupan dan kesediaan mereka membayar sebesar itu atau malah mundur.

Syamsu Alam, Direktur Hulu Pertamina menyatakan sedang berfokus pada proses business to business (B to B ) yang akan dilakukan Pertamina dengan calon partner di Blok Mahakam. 

"Prosesnya tetap diutamakan secara B to B dan aspeknya bukan hanya besaran persentasenya," kata Alam.

Bahkan, Syamsu Alam bilang, sudah ada beberapa perusahaan yang berminat bergabung dengan Pertamina di blok tersebut selain Total EP. 

"Ada beberapa perusahaan yang sudah menyampaikan minat untuk masuk ke Mahakam," katanya.

Di luar Total EP dan Inpex, ada juga perusahaan asal Uni Emirat Arab, Mubadala Petroleum, yang sudah menyampaikan minat bermitra dengan Pertamina di Blok Mahakam.

Direktur Utama Pertamina Elia Massa Manik menyatakan, selain fokus mencari mitra, pihaknya juga concern terhadap produksi. Tahun depan pertamina menargetkan produksi pada kisaran 1.100 juta kaki kubik per hari (mmscfd) gas dan 48.000 barel per hari (bopd) minyak. 

    Untuk mencapai target tersebut, Pertamina mengalokasikan investasi pada tahun depan mencapai US35 700 juta. lni masih ditambah dengan biaya operasi mencapai US$ 1,1 miliar.

Pertamina juga sudah melakukan pengeboran dua sumur dan 14 sumur-15 sumur sampai akhir tahun 2017 ini. Berdasarkan perkiraan, Blok Mahakam kini masih menyisakan cadangan 57 juta barel minyak, 45 juta barel kondensat, dan 4,9 tcf gas.

Kontan, Page-14, Thursday, Dec 28, 2017

Pertamina Ready to Manage Mahakam Block

Starting January 1, 2018, Mahakam Block in East Kalimantan, which has been managed by foreign companies for 50 years, will enter a significant milestone and historic. The Mahakam block will be fully operated by the lndonesian nation through PT Pertamina.

This management becomes an important milestone considering that Mahakam Block is the largest oil and gas producer in Indonesia today, by exceeding the production of contractors of foreign cooperation contracts of Chevron Pacific Indonesia and Exxon Mobil Oil Indonesia.

the Mahakam Block

From Mahakam Block, Pertamina is expected to contribute approximately 34 percent of total national oil and gas production. President Director of Pertamina Hulu Indonesia, Bambang Manumayoso explained Pertamina has made various preparations and strategies.

This step is to maintain the oil and gas production of the Mahakam Block by ensuring the continuity of drilling and well intervention activities during the transition from Total E & P Indonesie to Pertamina on January 1, 2018.

The preparation and strategy are also carried out by continuously prioritizing the QHSSE (quality, health, safety, security, and environment) aspects, safeguarding and enhancing production for national energy security, developing existing human resources, and enhancing the use of technological innovations that all lead to the strengthening of business sectors upstream.

Some preparations that have been done by Pertamina include the transfer of Total E & P Indonesia workers, who have signed a working agreement with Pertamina, reached 98.23 percent.

"Then drilling 14 well units from 15 wells program in 2017 with the achievement of good HSSE," said Bambang.

Pertamina also succeeded in reducing the cost of well drilling to 23 percent more efficiently to the planned budget. Draw faster drilling times by up to 25 percent and gain up to 120 percent reserve mining potential. Then get additional reservoir thickness of 115 percent.

IN INDONESIA

Pertamina Siap Kelola Blok Mahakam

Mulai 1 Januari 2018, Blok Mahakam di Kalimantan Timur yang telah dikelola perusahaan asing selama 50 tahun, akan memasuki tonggak penting dan bersejarah. Blok Mahakam akan dioperasikan secara penuh oleh bangsa lndonesia melalui PT Pertamina.

Pengelolaan ini menjadi tonggak penting mengingat Blok Mahakam adalah produsen migas terbesar di Indonesia saat ini, dengan melampaui produksi kontraktor kontrak kerja sama asing Chevron Pacific Indonesia dan Exxon Mobil Oil Indonesia.

Dari Blok Mahakam, Pertamina diperkirakan akan memberikan tambahan kontribusi sekitar 34 persen dari total produksi migas secara nasional. Direktur Utama Pertamina Hulu Indonesia, Bambang Manumayoso menjelaskan Pertamina telah melakukan berbagai persiapan dan strategi. 

Langkah ini untuk tetap menjaga produksi migas Blok Mahakam dengan memastikan keberlangsungan kegiatan pengeboran dan well intervention pada saat peralihan dari Total E&P Indonesie ke Pertamina pada 1 Januari 2018.

Persiapan dan strategi tersebut juga dilakukan dengan senantiasa mengedepankan aspek QHSSE (quality, health, safety, security, and environment), menjaga dan meningkatkan produksi untuk ketahanan energi nasional, mengembangkan SDM yang ada, dan meningkatkan pemanfaatan inovasi teknologi yang semuanya bermuara pada penguatan bisnis sektor hulu.

Beberapa persiapan yang sudah dilakukan Pertamina antara lain transfer pekerja Total E&P Indonesia, yang sudah mendandatangani perjanjian kerja dengan Pertamina, mencapai 98,23 persen. 

"Lalu telah melakukan pengeboran 14 unit sumur dari program 15 sumur pada 2017 dengan pencapaian HSSE yang baik," ujar Bambang.

Pertamina juga berhasil menekan biaya pengeboran sumur hingga lebih efisien 23 persen terhadap anggaran yang direncanakan. Mencatat waktu pengeboran lebih cepat hingga 25 persen dan mendapatkan potensi penambangan cadangan hingga 120 persen. Lalu memperoleh penambahan ketebalan reservoir sebesar 115 persen.

Harian Bangsa, Page-4, Thursday, Dec 28, 2017

Project Not Immediately Groundbreaking

This year, when the price of crude oil rose, none of the oil refinery projects in the country reached the stage of physical construction. In fact, oil refineries enter national strategic projects.

Based on data from the Commission for the Acceleration of Priority Infrastructure Provision (KPPIP), there are six refineries projects, namely Bontang refinery in East Kalimantan (Rp 197.58 billion investment) and Tuban refinery (Rp 199.30 billion). Each has a capacity of 300,000 barrels per day (bpd).

The rest is a capacity-adding project, namely Balikpapan Refinery, Cilacap Refinery, Balongan Refinery, and Dumai Refinery, with a total investment of Rp 246.22 billion.

Initial plan, Pertamina is targeting three refinery projects to the groundbreaking phase or marking the commencement of physical construction in 2017. In the first quarter, the project will increase the capacity of Balikpapan refinery.

In the third quarter, it was the turn of the Cilacap Refinery project that partnered with Saudi Aramco (Saudi Arabia). Finally, in the fourth quarter of Tuban refinery entered the physical construction phase.

Pertamina Director of Pertamina Processing and Petrochemical Processing, Ardhy N. Mokobombang, said that the Balikpapan refinery is inaugurated by President on December 29. However, groundbreaking is expected in January 2018.

"Tentative week 2 or 3," he said.

In November 2017, the Balikpapan Refinery has completed the front end engineering design (FEED) to raise the standard fuel oil product (EBM) from Euro II to Euro V Then, followed by early work.

In 2018, the project is scheduled to enter into an engineering procurement construction (EPC) tender package. The target is, by 2021, the Upgrading project of the 1st phase of the Balikpapan Refinery is completed and 2025 for the 2nd stage completion. Thus, the production capacity increases from 260,000 bpd to 360,000 bpd by the Euro V standard.

For the Cilacap refinery, Pertamina has completed the bankable feasibility study (BFS), land addition and amendment joint-venture development agreement (JVDA) agreement in 2017.

The plan, the amendment was signed at the beginning of 2018 so that FEED work can start without having to wait for the JV to be built first.

In 2018 it will also transfer existing assets to Pertamina-Saudi Aramco joint venture company, proposing fiscal incentives and FEED work. The target is, in 2023 the Cilacap refinery starts to operate with a capacity of 400,000 bpd from the current capacity of 348,000 bpd.

For Tuban refinery, the company has completed the formation of a joint venture company Pertamina-Rosneft (Russia).

In 2018 the target is land procurement and the start of FEED work. By 2024 the new 300,000 bph refinery starts to operate. In June 2017, President Joko Widodo expressed his disappointment with the construction of an oil refinery.

"If the refinery does not start soon, I just go inside. Not only through the minister, but directly through the Pertamina president director. "

In February 2016 President Jokowi once said the importance of starting the refinery building process. According to him,

Indonesia has long not increased the capacity of refineries even new refineries. On the other hand, EBM consumption continues to rise each year as domestic oil production capability continues to fall.

Therefore, the development process should start because it needs about 4-5 years until the development project and the addition of refinery capacity is completed.

"This year 2016 must all be decided, because the plant is not built for a while. It takes 4-5 years. "

In fact, the plan to build a number of refineries should be revised backwards. The President's disappointment and his status as a national priority project have not been able to accelerate the entire oil refinery development plan in the country.

IN INDONESIA

Proyek Tidak Segera Groundbreaking

Tahun ini, ketika harga minyak mentah naik, tidak ada satu pun proyek kilang minyak di Tanah Air yang sampai ke tahap konstruksi fisik. Padahal, kilang minyak masuk proyek strategis nasional. 

Berdasarkan data Komisi Percepatan Penyediaan Infrastruktur Prioritas (KPPIP), ada enam proyek kilang dimaksud, yakni Kilang Bontang di Kalimantan Timur (investasi Rp 197,58 miliar)dan Kilang Tuban (Rp 199,30 miliar). Masing-masing berkapasitas 300.000 barel per hari (bph).

Sisanya adalah proyek penambahan kapasitas yakni Kilang Balikpapan, Kilang Cilacap, Kilang Balongan, dan Kilang Dumai, dengan total investasi Rp 246,22 miliar.

Rencana awal, Pertamina menargetkan tiga proyek kilang ke tahap groundbreaking atau penandaan dimulainya konstruksi fisik pada 2017. Pada kuartal 1, proyek penambahan kapasitas Kilang Balikpapan. 

Pada kuartal III, giliran proyek penambahan kapasitas Kilang Cilacap yang bermitra dengan Saudi Aramco (Arab Saudi). Terakhir, pada kuartal IV Kilang Tuban memasuki tahap konstruksi fisik.

Direktur Megaproyek Pengolahan dan Petrokimia Pertamina, Ardhy N. Mokobombang mengatakan rencananya Kilang Balikpapan diresmikan konstruksi fisiknya oleh Presiden pada 29 Desember. Namun, groundbreaking diperkirakan pada Januari 2018. 

“Tentative week 2 atau 3,” ujarnya.

Pada November 2017, Kilang Balikpapan telah menyelesaikan tahapan pendefinisian proyek (front end engineering design/ FEED) untuk menaikkan standar produk bahan bakar minyak (EBM) dari Euro II ke Euro V Kemudian, dilanjutkan dengan pengerjaan tahap awal (early work).

Pada 2018, dijadwalkan proyek memasuki tender paket pengerjaan rekayasa, pengadaan dan konstruksi (engineering procurement Construction/EPC). Targetnya, pada 2021, proyek upgrading tahap 1 Kilang Balikpapan selesai dan 2025 untuk penyelesaian tahap 2. Jadi, kapasitas produksi naik dari 260.000 bph menjadi 360.000 bph dengan standar Euro V.

Untuk Kilang Cilacap, Pertamina telah menyelesaikan bankable feasibility study (BFS), penambahan lahan dan mengamandemen kesepakatan perusahaan patungan (joint-venture development agreement/JVDA) pada 2017. 

      Rencananya, amendemen tersebut diteken pada awal 2018 agar pengerjaan FEED bisa dimulai tanpa harus menanti pembentukan JV terlebih dulu.

Pada 2018 juga akan dilakukan transfer aset eksisting ke perusahaan patungan Pertamina-Saudi Aramco, pengusulan insentif fiskal dan pengerjaan FEED. Targetnya, pada 2023 Kilang Cilacap mulai beroperasi dengan kapasitas 400.000 bph dari kapasitas saat ini 348.000 bph.

Untuk Kilang Tuban, perseroan telah menyelesaikan pembentukan perusahaan patungan Pertamina-Rosneft (Rusia). 

      Pada 2018 targetnya dilakukan pengadaan lahan dan dimulainya pengerjaan FEED. Pada 2024 kilang baru berkapasitas 300.000 bph itu mulai beroperasi. Pada Juni 2017, Presiden Joko Widodo mengungkapkan kekecewaannya terhadap pembangunan kilang minyak. 

“Kalau kilang tidak segera dimulai, saya langsung masuk ke dalam. Tidak saja melalui menteri, tetapi langsung melalui direktur utama Pertamina."

Pada Februari 2016 pun Presiden Jokowi pernah mengatakan pentingnya memulai proses pembangunan kilang. Menurutnya, sudah lama Indonesia tidak menambah kapasitas kilang bahkan kilang baru. Di sisi lain, konsumsi EBM terus naik tiap tahunnya ketika kemampuan produksi minyak dalam negeri terus turun.

Oleh karena itu, proses pembangunan harus dimulai karena perlu sekitar 4-5 tahun hingga proyek pembangunan dan penambahan kapasitas kilang rampung.

“Tahun ini 2016 semua harus diputuskan, karena bangun kilang tidak sebentar. Butuh 4-5 tahun."

Kenyataannya, rencana pembangunan sejumlah kilang harus direvisi mundur. Ungkapan kekecewaan Presiden dan statusnya sebagai proyek prioritas nasional belum bisa mempercepat seluruh rencana pembangunan kilang minyak di Tanah Air.

Bisnis Indonesia, Page-22, Thursday, Dec 28, 2017

Ministry simplifies energy licenses

The government has simplified the procedure of obtaining licenses throughout 2017 in the energy and mining sectors, which include oil and natural gas, mineral and coal, electrification, as well as new and renewable energy.

According to an Energy and Mineral Resources Ministry press release obtained by Thejakortd Post, the ministry has teamed up with the Upstream Oil and Gas Regulatory Special Task Force (SKK-Migas), the Finance Ministry’s directorate general for customs and excise and the portal manager of Indonesia National Single Window (PP INSW) in a bid to boost the productivity of upstream oil and gas activities.

Through the cooperation, the parties developed an information integrated system that related to the provision of fiscal policy on imported operating goods for the downstream activity needs of upstream oil and gas contractors.

The government has also launched two online applications electronic Non-Tax Revenues (e-PNBP) and a production monitoring app. The apps allow for a shorter processing time of 40 days to only 10 to 15 days.

The Energy and Mineral Resources Ministry now has 15 licenses - six from the oil and gas sector, six in the mining sector and three in the new and renewable energy sector - for companies to obtain.

The number of licenses has been drastically cut down as 63 of them have been delegates to the one-door integrated services (PTSP) at the Investment Coordinating Board (BKPM).

The Jakarta Post, Page-14, Wednesday, Dec 27, 2017

SKK Migas Controls Operation of Badak LNG Plant

The Upstream Oil and Gas Upstream Business Unit (SKK Migas) will have controls on operations and costs at the Badak liquefied natural gas (LNG) plant in Bontang, East Kalimantan, starting next year. Previously, the control was in the hands of Pertamina Joint Management Group (JMG).

Such transfer of control is made possible by the agreement on the requirements of the SKK Migas and related parties. This agreement was signed by Head of SKK Migas Amien Sunaryadi and Central Working Contractor, Sanga-Sanga, East Kalimantan, Makassar, Rapak, Muara Bakau, and Mahakam, and PT Badak Natural Gas Liquefaction (NGL). President Director of the State Asset Management Agency of the Ministry of Finance Rahayu Puspasari also witnessed the signing.

"This is a new era of SKK Migas's role in gas processing management at the Badak refinery," said Amien.

According to him, the transfer of control role is in accordance with the recommendation of the Supreme Audit Agency (BPK). The goal, for optimization and efficiency. In 2018, LNG production from Badak Refinery is estimated to reach 50% of national production.

"Next year, the value of LNG sales transactions processed at the NGL Badak refinery is estimated to reach Rp 32.5 trillion," said Amien.

SKK Migas expects good commitment and cooperation from all gas producers, Badak NGL, and appointed state LNG sellers to ensure LNG business continuity in accordance with the agreement. The goal is to target production and state revenue according to the state budget can be achieved, "he said.

The government made major changes in LNG production and sales management from the refinery in East Kalimantan. Prior to this, the government has added state-owned LNG sellers from the Badak Refinery, PT Perusahaan Gas Negara Tbk (PGN), from the usual only PT Pertamina. PGN is assigned to be an uncomitted LNG seller sourced from the Sanga-Sanga Block.

The Badak NGL LNG refinery processes gas supplies from several oil and gas projects, namely Mahakam Block, Bangka Field, Jangkrik Field, and Sanga-Sanga Block. In 2017, LNG production from this refinery, according to its official website was recorded at 7.84 million tons with shipments of 10.44 cargo standards.

IN INDONESIA

SKK Migas Kendalikan Operasi Kilang LNG Badak

Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) akan memiliki kontrol pada operasional dan biaya di kilang gas alam cair (liquefied natural gas/ LNG) Badak, Bontang, Kalimantan Timur, mulai tahun depan. Sebelumnya, kontrol tersebut berada di tangan Pertamina Joint Management Group (JMG).

Pengalihan kontrol tersebut dimungkinkan dengan adanya kesepakatan pokok-pokok persyaratan antara SKK Migas dan para pihak terkait. Kesepakatan ini ditanda tangani oleh Kepala SKK Migas Amien Sunaryadi dan kontraktor wilayah kerja Tengah, Sanga-Sanga, East Kalimantan, Makassar, Rapak, Muara Bakau, dan Mahakam, serta PT Badak Natural Gas Liquefaction (NGL).  Direktur Utama Lembaga Manajemen Aset Negara Kementerian Keuangan Rahayu Puspasari turut menyaksikan penandatanganan.  

“Ini era baru peran SKK Migas dalam pengelolaan pemrosesan gas di kilang Badak,” kata Amien.

Menurutnya, peralihan peran kontrol ini sesuai dengan rekomendasi Badan Pemeriksa Keuangan (BPK). Tujuannya, untuk optimalisasi dan efisiensi. Pada 2018, produksi LNG dari Kilang Badak diperkirakan mencapai 50% dari produksi nasional. 

“Tahun depan, nilai transaksi penjualan LNG yang diproses di kilang Badak NGL diperkirakan mencapai Rp 32,5 triliun,” ujar Amien.

SKK Migas mengharapkan komitmen dan kerja sama yang baik dari seluruh produser gas, Badak NGL, dan penjual LNG bagian Negara yang ditunjuk untuk memastikan kelangsungan bisnis LNG sesuai dengan kesepakatan. Tujuannya agar target produksi dan penerimaan negara sesuai APBN dapat tercapai,” tegasnya.

Pemerintah melakukan perubahan besar-besaran dalam tata kelola produksi dan penjualan LNG dari kilang di Kalimantan Timur ini. Sebelum ini, pemerintah telah menambah penjual LNG bagian negara dari Kilang Badak, yakni PT Perusahaan Gas Negara Tbk (PGN), dari biasanya hanya PT Pertamina. PGN ditugaskan menjadi penjual LNG belum terkontrak (uncomitted) yang bersumber dari Blok Sanga-Sanga.

Kilang LNG yang dikelola Badak NGL mengolah pasokan gas dari beberapa proyek migas, yakni Blok Mahakam, Lapangan Bangka, Lapangan Jangkrik, dan Blok Sanga-Sanga. Pada 2017 ini, produksi LNG dari kilang ini, menurut situs resminya tercatat sebesar 7,84 juta ton dengan pengapalan sebanyak 10,44 standar kargo. 

Investor Daily, Page-9, Wednesday, Dec 27, 2017

Total EP Finally Gets 39% Mahakam Block

Total EP must pay 39% of Mahakam block of Rp. 18.66 trillion to Pertamina

Minister of Energy and Mineral Resources Ignatius Jonan finally gave the blessing to PT Total EP Indonesie to get 39% of Mahakam block shares. This decision to revise the decision of Minister of Energy and Mineral Resources Sudirman Said who only give 30% share for Total EP in Mahakam. Deputy Minister of Energy and Mineral Resources Arcandra Tahar confirmed Minister Jonan has signed this letter of approval.

"There's a letter, maybe 39%," he said at the ESDM Ministry office. Previously, Total EP Indonesie and Inpex Corporation sent a letter of interest to manage the Mahakam Block after their contract expired December 31, 2017. They asked for a 39% share.

According to Arcandra, the entry of potential investors Mahakam block can be done after Pertamina, through its subsidiary PT Pertamina Hulu Mahakam full control of the Mahakam Block starting January 1, 2018.

That is, Total EP Indonesie does not have to enter at this time or when the contract is still operating. Total EP will discuss directly the value of valuations they must redeem to obtain 39% stake in Mahakam block with Pertamina.

Mahakam block

Since 39% of Mahakam block shares are granted to Total EP, Pertamina owns only 51% of Mahakam block shares. East Kalimantan Provincial Government shares remain 10%.

But again, the 10% participating interest (Pl) of the East Kalimantan provincial government has not been completed yet. Because Kutai Kartanegara Regency wants an additional share of ownership.

In accordance with Regulation of Minister of Energy and Mineral Resources No. 37/2016 regarding Terms of Participating Interest 10% Supply on Oil and Gas Working Area, East Kalimantan Provincial Government obtains share 66.65% and 33.35% shares for Kutai Kartanegara Regency from 10% allocation PI Block Mahakam.

"The regional government has not agreed yet, the 10% is still discussing the division of the District Government with the Provincial Government," he said.

Upstream Director of PT Pertamina Syamsu Alam said that until now he has not known about the letter to Pertamina related to the change of share down.

"Still in a noisy fuss," he said.

Mahakam Assets

Syamsu Alam stressed that it does not matter if Total EP enters after the contract expires or enters when Pertamina has invested in the Mahakam Block. However, Total EP must still pay the acquired shares plus the investments already issued by Pertamina.

"We already have the asset valuation value of the Mahakam block, but we can not open it," said Syamsu some time ago.

He said the asset valuation of Mahakam Block should indeed be calculated by Pertamina and also Total EP if they want to enter.

"If Pertamina calculates its assets by looking at the average oil price of 20-year contract period," he said.

Could be, next year's price will be expensive compared to calculated at the end of this year. Head of SKK Migas, Amien Sunaryadi once mentioned, the revaluation of assets Mahakam block done by IHS and Petropro. The calculation takes place against the asset on the surface of the Mahakam Block.

As a result, the asset value of the Mahakam Block position of December 31, 2015 reached US $ 4.79 billion.

"As for the asset value of Mahakam Block position of December 31, 2017 amounted to US $ 3.45 billion (Rp 47.86 trillion)," said Amien.

That is, if Total EP get 39% stake in Mahakam block, then Francis company must deposit funds to Pertamina Rp 18.66 trillion.

IN INDONESIA

Total EP Akhirnya Meraih Saham 39% Blok Mahakam

Total EP harus membayar 39% saham Blok Mahakam sebesar Rp. 18,66 triliun ke Pertamina

Menteri Energi dan Sumber Daya Mineral (ESDM) Ignatius Jonan akhirnya memberikan restu kepada PT Total EP Indonesie untuk mendapatkan 39% saham Blok Mahakam. Keputusan Jonan ini merevisi putusan Menteri ESDM Sudirman Said yang hanya memberi saham 30% bagi Total EP di Mahakam. Wakil Menteri ESDM Arcandra Tahar menegaskan menteri Jonan telah menandatangani surat persetujuan ini. 

"Sudah ada suratnya. Boleh 39%," katanya di Kantor Kementerian ESDM. Sebelumnya, Total EP Indonesie dan Inpex Corporation mengirimkan surat ketertarikan mengelola Blok Mahakam pasca kontrak mereka habis 31 Desember 2017. Mereka minta bagian 39% saham.

Menurut Arcandra, masuknya calon investor Blok Mahakam nanti bisa dilakukan setelah Pertamina, melalui anak usahanya PT Pertamina Hulu Mahakam menguasai secara penuh Blok Mahakam mulai 1 Januari 2018.

Artinya, Total EP Indonesie tidak harus masuk saat ini atau saat kontrak masih beroperasi. Total EP akan membahas secara langsung besaran nilai valuasi yang harus mereka tebus untuk mendapatkan 39% saham di Blok Mahakam dengan Pertamina.

Karena 39% saham Blok Mahakam diberikan ke Total EP, Pertamina hanya memiliki 51% saham Blok Mahakam. Sementara saham Pemerintah Provinsi Kalimantan Timur tetap 10%.

Namun lagi-lagi, 10% participating interest (Pl) Pemprov Kalimantan Timur sampai saat ini belum selesai. Sebab Kabupaten Kutai Kartanegara menginginkan tambahan bagian kepemilikan.

Sesuai dengan Peraturan Menteri ESDM No 37/2016 tentang Ketentuan Penawaran Participating Interest 10% pada Wilayah Kerja Minyak dan Gas Bumi, Pemerintah Provinsi Kaltim mendapatkan bagian 66,65% saham dan 33,35% saham untuk Kabupaten Kutai Kartanegara dari alokasi 10% PI Blok Mahakam. 

"Pemerintah Daerah belum sepakat. Yang 10% itu masih membahas pembagian Pemerintah Kabupaten dengan Pemerintah Provinsi," katanya. 

Direktur Hulu PT Pertamina Syamsu Alam mengatakan hingga saat ini dirinya belum mengetahui mengenai surat ke Pertamina terkait dengan perubahan share down. 

"Masih pada ribut persenan," katanya.

Aset Mahakam

Syamsu Alam menegaskan bahwa tidak masalah jika Total EP masuk setelah kontrak berakhir atau masuk ketika Pertamina sudah melakukan investasi di Blok Mahakam. Namun demikian, Total EP harus tetap membayar saham yang diperoleh plus investasi yang sudah dikeluarkan Pertamina. 

"Kami sudah punya angka valuasi aset Blok Mahakam. Namun kami tidak bisa buka," kata Syamsu beberapa waktu lalu.

Dia mengatakan, valuasi aset Blok Mahakam seharusnya memang akan dihitung oleh Pertamina dan juga Total EP jika mereka ingin masuk. 

"Kalau Pertamina menghitung asetnya dengan melihat rata-rata harga minyak 20 tahun masa kontrak," katanya.

Bisa saja, harga tahun depan akan mahal dibandingkan jika dihitung pada akhir tahun ini. Kepala SKK Migas, Amien Sunaryadi pernah menyebut, revaluasi aset Blok Mahakam dilakukan oleh IHS dan Petropro. Penghitungan berlangsung terhadap aset di permukaan (surface) Blok Mahakam. 

Hasilnya, nilai aset Blok Mahakam posisi 31 Desember 2015 mencapai US$ 4,79 miliar. 

"Sementara untuk nilai aset Blok Mahakam posisi 31 Desember 2017 sebesar US$ 3,45 miliar (Rp 47,86 triliun)," ujar Amien.

Artinya, jika Total EP mendapatkan 39% saham Blok Mahakam, maka perusahaan Francis itu harus menyetor dana ke Pertamina sebesar Rp 18,66 triliun.

Kontan, Page-14, Wednesday, Dec 27, 2017

Pre-Design Auction Masela block is slow

The auction of pre-engineered pre-engineered engineering services or Pre Front End Engineering Development (PreFEED) of Masela Block, which should be completed by the end of this year may be delayed until next year. The reason, Inpex Corp. can only complete the auction of study services to enter the Pre FEED stage.

After the Pre-FEED stage, Inpex will enter the FEED stage. This stage includes the preparation of technical specifications of technical drawing, cost estimation, and contracting strategy.

Next, Inpex will enter the stage of authorization for expenditure (AFE) construction. After obtaining approval, SKK Migas will enter the stages of procurement of construction contracts for subsequent construction of the Land Refinery.

Senior Specialist Media Relations Inpex Corp. Moch N Kurniawan explained that currently Inpex has completed the Procurement Process for Pre-FEED Study of Masela Block. These stages are marked by the completion of the Pre-FEED Pre-FEED refinery Land LNG and Flotation Production Production Deviation and Offloading.

"Next to the next stages," said Iwan

After the qualification process, Inpex will initiate a procurement auction for Pre-FEED services. In the process of procurement Pre-FEED services will generally go through four stages, namely procurement plan, pre-qualification, auction process, and signing of contract.

Because it is still limited to the Study auctions for pre-FEED, Inpex has not been able to start the Pre-FEED process that is targeted at the end of 2017. For that reason, most likely the Pre FEED auction stage was held early in 2018.

Iwan did not mention when exactly the procurement auction process of PreFEED services with a total budget of about US $ 23 million will begin. He just mentioned Inpex will complete all stages to start the development of Masela Block in Arafuru Sea.

"We are fully concentrating for this step-by-step we carry out with the best," added Iwan. Inpex has a Masela Block contract valid from 1998 to 2028.

IN INDONESIA

Lelang Pra Desain Blok Masela Lambat

Lelang pengadaan jasa pra desain rekayasa awal atau Pre-Front End Engineering Development (Pre FEED) Blok Masela yang mestinya selesai akhir tahun ini kemungkinan molor sampai tahun depan. Pasalnya, Inpex Corp baru bisa menyelesaikan lelang jasa studi untuk masuk tahap Pre FEED.

Setelah tahap Pre-FEED, Inpex akan masuk ke tahapan FEED. Tahap ini meliputi penyusunan spesifikasi teknis pembuatan gambar teknis, estimasi biaya, dan contracting strategy.

Berikutnya, Inpex akan masuk tahapan authorization for expenditure (AFE) konstruksi. Setelah mendapat persetujuan SKK Migas akan masuk tahapan pengadaan kontrak konstruksi untuk selanjutnya pelaksanaan konstruksi Kilang Darat.

Senior Specialist Media Relations Inpex Corp Moch N Kurniawan menjelaskan, saat ini Inpex telah menyelesaikan proses Pengadaan Jasa untuk Study Pre-FEED Blok Masela. Tahapan tersebut ditandai dengan selesainya pra-kualifikasi Pre-FEED kilang LNG Darat dan Fasilitas Apung Produksi Penyimpangan dan Offloading.

"Selanjutnya ke tahapan-tahapan berikutnya," ujar Iwan 

Setelah proses kualifikasi, Inpex akan memulai melakukan lelang pengadaan untuk jasa Pre-FEED. Pada proses pengadaan jasa Pre-FEED pada umumnya akan melewati empat tahapan, yaitu rencana pengadaan, pra kualifikasi, proses lelang, dan penandatanganan kontrak.

Lantaran masih sebatas lelang Studi untuk pre FEED, maka Inpex belum bisa memulai proses Pre-FEED yang ditargetkan pada akhir tahun 2017. Untuk itu, kemungkinan besar tahap lelang Pre FEED digelar awal tahun 2018.

Iwan sendiri tidak menyebutkan kapan tepatnya proses lelang pengadaan jasa PreFEED dengan total anggaran mencapai sekitar US$ 23 juta akan dimulai. Dia hanya menyebut Inpex akan menyelesaikan seluruh tahapan untuk memulai pengembangan Blok Masela di Laut Arafuru.

"Kami berkonsentrasi penuh agar tahapan demi tahapan ini kami laksanakan dengan sebaik-baiknya," imbuh Iwan. Inpex memiliki kontrak Blok Masela yang berlaku tahun 1998 sampai tahun 2028.

Kontan, Page-14, Wednesday, Dec 27, 2017