Medco Kuasai 85 Persen Saham Blok A

PT Medco Energi Internasional Tbk mengumumkan akuisisi saham Kris Energy di Blok A, Aceh, sebesar 26,6 persen, Kesepakatan itu menunggu persetujuan pemerintah sebagai peniegang kontrak bagi hasil (production sharing contract/PSC). Kepala Eksekutif Medco Energi, Roberto Lorato, mengatakan transaksi ini ditargetkan selesai pada akhir tahun. Lorato mengatakan aksi korporasi ini merupakan langkah lanjutan untuk menguasai 85 persen saham di Blok A. Awalnya, Medco hanya memiliki 41,6 persen kepemilikan di wilayah kerja ini. Kemudian perusahaan ini mencaplok saham Japex pada Mei lalu sebesar 16,67 persen, sehingga kepemilikannya di Blok A rnencapai 58,34 persen.

Sebagai pengelola, Medco baru saja memulai pengembangan proyek gas Blok A tahap 1 bersarna konsorsium PT JGC Indonesia dan PT Encona Inti Industri (JEC). Konsorsiurn ini bersepakat mengerjakan tahap engineering procurement and construction. Proyek ini diperkirakan rampung B pada kuartal pertarna 2018. Gas produksinya bakal dijual kepada PT Pertam ina sebesar 58 billion British thermal unit per day (BBTUD) atau 198 trillion British thermal unit (TBTU) selama 13 tahun, berdasarkan perjanjian jual-beli gas yang disepakati pada tahun lalu.

Medco beberapa kali mengakuisisi blok minyak dan gas serta tambang mineral sejak akhir tahun lalu. Saat itu, Presiden Direktur Medco, Hilmi Panigoro, mengumumkan bakal ambil bagian dalam akuisisi sahani PT Newmont Nusa Tenggara. Niat tersebut baru terealisasi pada 2 November lalu melalui pembelian 50 persen saham Amman Mineral Investania. Induk usaha PT Amman Mineral Internasional yang membeli 82,2 persen saham Newmont.

Medco juga rnengambil 40 persen alias seluruh saham ConocoPhillips di South Natuna Sea Block B. Medco juga membeli Onshore Receiving Facility di Singapura, sekaligus mernperoleh hak pengelolaan West Natuna Transportation System (WNTS) di sepanjang perairan Kepulauan Riau. Medco masih menutup rapat-rapat soal uang yang dikucurkan untuk membiayai serangkaian ekspansi tersebut. Sumber pendanaan, Salah satunya berasal dari obligasi sebesar Rp 5 triliun. Penawaran pertama diajukan perusahaan pada Juni lalu dengan target pengumpulan dana Rp 1,5 triliun.

Analis Indosurya Securities, William Surya Wijaya, mengatakan akuisisi seharusnya bisa menyehatkan kinerja perusahaan untuk jangka panjang. Ekspansi perusahaan, menurut dia, jamak terjadi, khususnya di sektor ekstraktif. Mereka perlu menjaga kondisi perusahaan supaya stabil William.

IN ENGLISH

Medco Rule 85 Percent Share Block A

PT Medco Energi Internasional Tbk announced the acquisition of shares Kris Energy in Block A, Aceh, 26.6 percent, agreement was awaiting government approval as peniegang production sharing contracts (production sharing contract / PSC). Chief Executive Officer of Medco Energi, Roberto Lorato, said the transaction is targeted for completion by year end. Lorato said this corporate action is the next step to controlling 85 percent stake in Block A. Initially, Medco has only 41.6 per cent ownership interest in this work area. Then the company was annexed Japex shares in May by 16.67 percent, so its interest in Block A rnencapai 58.34 percent.

As a manager, Medco recently started the development of Block A gas project phase 1-associated consortium of PT JGC Indonesia and PT Inti Industrial Encona (JEC). This Konsorsiurn agreed to work on engineering procurement and construction phase. The project is expected to be completed pertarna B quarter 2018. Gas production will be sold to PT Mining, ina amounted to 58 billion British thermal units per day (BBTUD) or 198 trillion British thermal units (TBTU) for 13 years, based on the gas sale and purchase agreement is agreed in the past year.

Medco several times to acquire oil and gas blocks and mineral mines since the end of last year. At that time, President Director of Medco, Hilmi Panigoro, announced the acquisition will take part in sahani PT Newmont Nusa Tenggara. The intention was only realized on November 2 and then through the purchase of 50 percent stake in Mineral Investania Amman. The parent company of PT Amman International Minerals is buying 82.2 percent of Newmont shares.

Medco also rnengambil 40 percent of all shares alias ConocoPhillips in South Natuna Sea Block B. Medco also bought Onshore Receiving Facility in Singapore, as well as management rights mernperoleh West Natuna Transportation System (Wnts) along the waters of Riau Islands. Medco is still sealed about money disbursed to finance a series of such expansion. Sources of funding, one that comes from the bonds of Rp 5 trillion. The first offer the company filed last June with a fundraising target of Rp 1.5 trillion.

Indosurya Securities analyst, William Surya Wijaya, said the acquisition should be healthy for the long term performance of the company. Expansion of the company, according to him, the plural occur, particularly in the extractive sector. They need to keep conditions stable companies that William.

Koran Tempo, Halaman : 18, Jumat, 11 Nop 2016

Medco adds to stake with Aceh’s Block A gas field

    Indonesian energy company Medco Energi Internasional, through its subsidiary Medco E&P Malaka, has sealed another acquisition deal for a gas field amid a sluggish period for the oil and gas industry caused by low oil prices. The company announced on Wednesday that it had reached an
agreement to acquire a 26.67 percent stake in the Block A gas field in Aceh from its current partner KrisEnergy. Once the transfer of the participating interests has been agreed upon by the central and regional governments, Medco Energi’s operating interest in the gas field would increase to 85 percent while the remaining 15 percent would be owned by KrisEnergy.

    Currently, Medco Energi owns 58.34 percent of the block, while the remaining 41.66 percent belongs to KrisEnergy. The firm has yet to disclose the acquisition price. The acquisition took place back in May shortly after the Panigoro-controlled company acquired a 16.67 percent stake in the block from Japan Petroleum Exploration Co, Ltd. Medco Energi recently signed an engineering procurement and construction contract worth US$ 240 million to develop the first phase of the Block A gas field, with a consortium comprising JGC Indonesia and Encona Inti Industri.

    The gas field is scheduled to be on stream in the first quarter of 2018. Furthermore, Medco Energi will supply state-owned energy giant Pertamina with 58 billion British thermal units (BTU) of gas per day approximately equal to 198 trillion BTU over 13 years. Recapital Securities analyst Kiswoyo Adi Joe said Medco Energi had made the right decision, as the low global oil prices had reduced the value of oil and gas assets worldwide, providing investors with discounted acquisition costs.

    The benchmark US crude futures fell 59 cents to $ 44.39 a barrel in electronic trading on the New York Mercantile Exchange. The cost rose 21 cents to close at $45.48 a barrel in electronic trading on the New York Mercantile Exchange Thursday. Brent crude, used to price international oil, added 30 cents to make the price $46.60 a barrel in London. However, Kiswoyo predicted that oil prices would not increase significantly in the near future, as oil producing countries had yet to finalize a deal to curb production. Moreover, the US had also started to export its oil, which ledto a further increase in the world supply amid low demand. Medco Energi booked $48.8 million in net profits within the first nine months of this year, a rebound from a net loss of $46.7 million during the same period in 2015.

IN INDONESIA

Medco menambah saham dengan lapangan gas Aceh Blok A

    Perusahaan energi Indonesia Medco Energi Internasional, melalui anak usahanya Medco E & P Malaka, telah menutup kesepakatan akuisisi lain untuk lapangan gas di tengah periode lamban untuk industri minyak dan gas yang disebabkan oleh harga minyak yang rendah. Perusahaan ini mengumumkan pada hari Rabu bahwa mereka telah mencapai kesepakatan untuk mengakuisisi saham 26,67 persen di bidang gas Blok A di Aceh dari pasangan saat ini KrisEnergy. Setelah transfer kepentingan berpartisipasi telah disepakati oleh pemerintah pusat dan daerah, bunga operasi Medco Energi di bidang gas akan meningkat menjadi 85 persen sedangkan 15 persen sisanya akan dimiliki oleh KrisEnergy.

    Saat ini, Medco Energi memiliki 58,34 persen blok, sementara 41,66 persen sisanya milik KrisEnergy. perusahaan belum mengungkapkan harga akuisisi. Akuisisi ini berlangsung kembali pada bulan Mei tak lama setelah perusahaan Panigoro dikendalikan mengakuisisi saham 16,67 persen di blok dari Japan Petroleum Exploration Co, Ltd Medco Energi baru-baru ini menandatangani pengadaan rekayasa dan kontrak konstruksi senilai AS $ 240 juta untuk mengembangkan tahap pertama Blok A lapangan gas, dengan konsorsium yang terdiri JGC Indonesia dan Encona Inti Industri.

    Ladang gas dijadwalkan akan beroperasi pada kuartal pertama 2018. Selain itu, Medco Energi akan memasok energi milik negara raksasa Pertamina dengan 58 miliar unit British thermal (BTU) gas per hari kurang lebih sama dengan 198 Triliun BTU lebih dari 13 tahun . Analis Recapital Securities Kiswoyo Adi Joe mengatakan Medco Energi telah membuat keputusan yang tepat, karena harga minyak dunia yang rendah telah mengurangi nilai aset minyak dan gas di seluruh dunia, menyediakan investor dengan biaya akuisisi diskon.

    Patokan minyak mentah berjangka AS turun 59 sen menjadi $ 44,39 per barel di perdagangan elektronik di New York Mercantile Exchange. biaya naik 21 sen menjadi ditutup pada $ 45,48 per barel di perdagangan elektronik di New York Mercantile Exchange, Kamis. Minyak mentah Brent, yang digunakan untuk harga minyak internasional, menambahkan 30 sen untuk membuat harga $ 46,60 per barel di London. Namun, Kiswoyo memperkirakan bahwa harga minyak tidak akan meningkat secara signifikan dalam waktu dekat, sebagai negara penghasil minyak belum menyelesaikan kesepakatan untuk membatasi produksi.

    Selain itu, AS juga sudah mulai mengekspor minyak, yang ledto peningkatan lebih lanjut dalam pasokan dunia di tengah permintaan yang rendah. Medco Energi memesan $ 48.800.000 laba bersih dalam sembilan bulan pertama tahun ini, rebound dari kerugian bersih dari $ 46.700.000 pada periode yang sama pada tahun 2015.

Jakarta Post, Halaman : 14, Jumat, 11 Nop 2016

Cost Recovery Dipangkas, Investasi Migas Tak Berkurang

    Wakil Menteri Energi dan Surnber Daya Mineral (ESDM) Arcandra Tahar mengatakan, efisiensi cost recovery menjadi Salah satu upaya pemerintah untuk menggenjot kegiatan eksplorasi dan produksi migas nasional. Jika cost recovery bisa diefisiensikan, anggaran investasi yang dimiliki kontraktor kontrak kerja sama (KKKS) bisa digunakan untuk kegiatan tambahan, seperti eksplorasi. Dia menjelaskan, ada beberapa cara mengurangi komponen investasi dalam cost recovery tanpa menekan besaran investasi migas setiap tahunnya.

    Pertama, besaran investasi sangat bergantung pada jenis teknologi yang digunakan untuk menggarap proyek. Bisa saja dengan menggunakan teknologi yang lebih murah, produksi migas yang diperoleh sama besarnya. Ini yang disebut sebagai penghematan cost recovery. Hal ini perlu dilakukan lantaran selama ini Indonesia relatif enggan mencoba teknologi baru. Padahal produksi shale oil Amerika Serikat bisa menaikkan produksi dua kali lipat dalam tujuh tahun, kata kuncinya adalah teknologi.

    Langkah berikutnya, pihaknya akan berupaya mempercepat proses sehingga pemboran eksplorasi bisa segera dilakukan. Di Indonesia, persiapan untuk pemboran sumur eksplorasi membutuhkan waktu bertahun-tahun. Padahal di Amerika Serikat, dalam dua pekan, perusahaan bisa langsung membor sumur migas. Perbaikan lainnya, yakni mengenai strategi kontrak untuk pembuatan desain awal hingga konstruksi. Di Indonesia, kontrak desain awal, desain rinci (front end engineering design/ FEED), serta rekayasa, pengadaan, dan konstruksi (engineering, procurement, and construction/EPC) tidak boleh dikerjakan oleh perusahaan yang sama.
   
    Padahal skema membuat menjadi sulit memastikan perkiraan biaya proyek tidak meleset. Penghematan cost recovery ini akan dilakukan kasus per kasus. Untuk proyek yang investasinya telag disetujui dan dikucurkan, tidak akan diubah. Bagi proyek yang masih tahap memperoleh persetujuan rencana pengembangan (plan of development/POD), akan dilihat apakah biayanya dapat diturunkan. Anggota Dewan Energi Nasional (DEN) Andang Bachtiar memahami rencana pemerintah bukanlah memotong besaran cost recovery, tetapi mengefisienkannya.

    Artinya, dengan besaran cost recovery yang lebih kecil, hasil produksi migas tidak berkurang atau justru bertambah. Dia tidak menampik bahwa rencana ini akan berdampak pada iklim investasi migas. Rencana efisiensi cost recovery ini bukan berarti tidak bisa dilakukan. Menurutnya, jika pemerintah mau membuka dialog dan membahas secara rinci rencana ini dengan perusahaan migas, pasti dapat dipahami. Direktur Hulu PT Pertamina Syamsu Alam menuturkan, sebagai kontraktor, pihaknya tidak mengkhawatirkan pemotongan cost recovery. Pasalnya, bagi perseroan dan anak usahanya yang bergerak di hulu migas, selalu ada inisiatif yang berpatokan pada keekonomian proyek. Selama masih ekonomis, pembangunan infrastruktur dan fasilitas produksi akan dilakukan.

IN ENGLISH

Cost Recovery Trimmed, Not Reduce Oil and Gas Investment

    Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar said, the efficiency cost recovery becomes One of the government's efforts to boost oil and gas exploration and production activities nationwide. If cost recovery could diefisiensikan, the budget's investment cooperation contract (PSC) could be used for additional activities, such as exploration. He explained that there are several ways to reduce the investment component in the cost recovery without suppressing the amount of oil and gas investment annually.

    First, the amount of investment is highly dependent on the type of technology used for work on the project. It could be using cheaper technology, oil and gas production gained as much. This is referred to as saving cost recovery. This is necessary because during this time Indonesia is relatively reluctant to try new technologies. Though US oil shale production could increase production doubled in seven years, said the key is technology.

    The next step, it will seek to speed up the process so that the exploration drilling can be done immediately. In Indonesia, preparations for drilling exploration wells takes many years. Whereas in the United States, in two weeks, the company can directly drill oil and gas wells. Other improvements, namely the contract strategy for the preparation of a preliminary design to construction. In Indonesia, the contract preliminary design, detailed design (front end engineering design / FEED) and engineering, procurement, and construction (engineering, procurement, and construction / EPC) should not be done by the same company.

    Whereas schemes make it difficult to make sure the estimated cost of the project will not be missed. Saving cost recovery will be done case by case. For telag investment projects approved and disbursed, it will not be changed. For projects still under approval development plan (plan of development / POD), to be seen whether the cost can be lowered. Members of the National Energy Council (DEN) Andang Bachtiar not understand the government's plan to cut the amount of cost recovery, but mengefisienkannya.

    That is, with the amount of cost recovery is smaller, the result of oil and gas production is not reduced or even increased. He does not deny that the plan will have an impact on oil and gas investment climate. Efficiency plan cost recovery does not mean that can not be done. According to him, if the government is willing to open a dialogue and discuss in detail this plan with oil and gas companies, must be understood. PT Pertamina Upstream Director Syamsu Alam said that, as a contractor, it is not worried about cutting cost recovery. Because, for the company and its subsidiaries are engaged in the upstream oil and gas, there is always an initiative which is based on the economics of the project. While still economical, development of infrastructure and production facilities will be carried out.

Investor Daily, Halaman : 9, Jumat, 11 Nop 2016

Tak Ekonomis, Blok East Kalimantan Kurang Diminati

Blok East Kalimantan yang telah dinyatakan kontraknya tidak akan diperpanjang oleh Chevron Indonesia Company (CICO), tidak diminati oleh perusahaan migas lain. Pasalnya, blok ini tak lagi ekonomis untuk dikembangkan. Direktur Hulu PT Pertamina Syamsu Alam mengatakan, perseroan telah dipanggil Kementerian Energi dan Sumber Daya Mineral (ESDM) soal nasib Blok East Kalimantan tersebut. Mengingat lokasi blok yang berada di antaran Blok Mahakam dan Blok Sanga-Sanga, Blok East Kalimantan dapat diintegrasikan dengan kedua blok tersebut.

Tetapi sebetulnya kalau bicara soal keekonomian saja, mungkin tidak terlalu menarik. Daerah itu biar siapa saja tidak ada yang tertarik. Salah satu hal yang ditanyakan Kementerian ESDM kepada perseroan adalah usulan soal Blok East Kalimantan ini. Dia menyebut penyebab pengembangan Blok East Kalimantan tak ekonomis yakni beban dana ASR dari kontrak kerja sama (production sharing contract/ PSC) sebelumnya. CICO selaku operator Blok East Kalimantan saat ini telah menyatakan tidak akan memperpanjang PSC yang berakhir pada 24 Oktober 2018 nanti.

Chevron tidak menjabarkan alasannya tidak melanjutkan kontrak. Pada saat kontrak berakhir, Chevron tercatat telah menggarap blok di Kalimantan Timur ini selama 50 tahun mengingat PSC diteken pada 1968. Menurut data Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas), Blok East Kalimantan memproduksi minyak sebesar 17,76 ribu barel per hari (bph) sampai Agustus 2016 ini. Dalam keterangan resminya sebelumnya, Chevron menyatakan akan tetap menjaga kelangsungan operasi Blok East Kalimantan sampai kontrak berakhir.

Blok East Kalimantan merupakan produsen minyak terbesar kesembilan pada tahun ini. Pada 2016, realisasi produksi minyaknya telah melampaui target yang ditetapkan sebesar 15,2 ribu bph. Sementara pada tahun depan, blok ini ditargetkan dapat menghasilkan minyak lebih tinggi, yakni 17,7 ribu bph. Chevron juga menegaskan komitmennya untuk melanjutkan investasi di Indonesia. Chevron akan terus mendukung Indonesia mengembangkan sumber daya energi secara selamat, efisien, dan andal. Pada 31 Agustus lalu, Chevron mengumumkan produksi pertama dari Lapangan Bangka.

IN ENGLISH

Not Economical, Block East Kalimantan Less Interest

Block East Kalimantan which has been declared the contract will not be extended by Chevron Indonesia Company (CICO), not interested in other oil and gas companies. Because the block is no longer economical to deploy. PT Pertamina Upstream Director Syamsu Alam said the company has called the Ministry of Energy and Mineral Resources (ESDM) about the fate of the Block East Kalimantan. Given the location of the block is located in the Mahakam block conduction and Sanga-Sanga, East Kalimantan block can be integrated with both blocks.

But actually when it comes to economics, it might not be too appealing. Let anyone that area no one was interested. One might ask the Ministry of Energy to the company was the suggestion about this block East Kalimantan. She calls the cause of development uneconomic Block East Kalimantan namely ASR fund expenses of cooperation contracts (production sharing contract / PSC) before. CICO as the operator of Block East Kalimantan has now said it will not extend the PSC which ended on October 24, 2018 later.

Chevron does not elaborate on the reasons not to continue the contract. At the time the contract expires, Chevron noted to have worked on this block in East Kalimantan for 50 years given the PSC was signed in 1968. According to the Special Task Force of Upstream Oil and Gas (SKK Migas), Block East Kalimantan oil production amounted to 17.76 thousand barrels per day (bpd) until August 2016. In a previous official statement, Chevron said it would maintain continuity of operation Block East Kalimantan until the contract expires.

Block East Kalimantan is the ninth largest oil producer this year. In 2016, the realization of oil production has exceeded the set target of 15.2 thousand bpd. While in the next year, this block is targeted to produce oil higher, at 17.7 thousand bpd. Chevron also confirmed its commitment to continue investing in Indonesia. Chevron will continue to support Indonesia to develop energy resources safely, efficiently, and reliably. On Aug. 31, Chevron announced first production from Bangka Field.

Investor Daily, Halaman : 9, Jumat, 11 Nop 2016

Tim Khusus agar Harga Gas Industri Tergerus

Guna mempercepat realisasi penurunan harga gas industri di kisaran US$6 per milion british thermal unit (mbtu), pemerintah membentuk tim teknis khusus. Tim kecil lintas sektor dari Kementerian ESDM, Kementerian Rerindustrian, Kementerian BUMN, dan Kementerian Keuangan akan diberi tenggat 10 hari untuk mengkaji reguiasi dan kebijakan penghambat upaya itu. Menteri Koordinator Bidang Perekonbmian Darmin Nasution mengatakan Pemerintah optimistis harga gas industri yang tidak kompetitif akan segera turun sebagaimana dimaktubkan Peraturan Presiden 40/2016.

Sebelumnya hanya industri pupuk, baja, dan kimia yang diprioritaskan menerima pemotongan harga gas berlandaskan multiplier eject yang lebih besar di sektor hilir dan dominasi gas dalam struktur biaya utama. Menteri ESDM Ignasius Jonan menambahkan kesepakatan harga dilevel US$6 per mmbtu itu baru dicapai untuk industri petrokimia. Harga gas di hulu masih mencapai 60% dari komponen rantai bisnis gas domestik. Untuk mencapai harga gas industri US$6 per MBTU, harga gas hulu harus di bawah US$ 4 per MBTU. Investor migas (KKKS) masih keberatan dengan harga gas di angka itu lantaran tidak ekonomis di tengah fluktuasi harga minyak dunia.

Belum (sepakat harga gas di hulu), masih dicari maksimumnya. Kita cari potensi penurunan harga mulai dari efisiensi belanja operasional (opex), belanja modal (capex), lalu mencari sumber alternatif paling murah dari hulu termasuk opsi importasi gas alam cair (LNG ) dengan mengacu skema zonasi,jelas Direktur Utama PT Pertamina (persero) Dwi Soetjipto.

IN ENGLISH

Special Teams that eroded Industrial Gas Prices

In order to accelerate the realization of the decline in industrial gas prices in the range of US $ 6 per million British thermal units (MBtu), the government formed a special technical team. The small team of cross-sector of the Ministry of Energy, Ministry of Industry, Ministry of SOEs, and the Ministry of Finance will be given a deadline of 10 days to assess reguiasi and policies that obstruct efforts. Coordinating Minister for Economic Affairs Nasution said the government is optimistic that gas prices are not competitive industry will soon go down as here among the Presidential Decree 40/2016.

Previously only the fertilizer industry, steel, and chemicals are prioritized to accept cuts in gas prices based multiplier eject larger in the downstream sector and the dominance of the main gas in the cost structure. EMR Minister Ignatius Jonan add a price agreement at the level of US $ 6 per mmbtu was only achieved for the petrochemical industry. The price of gas in the upstream is still reaching 60% of the domestic gas business chain components. To achieve industrial gas price of US $ 6 per MBtu, upstream gas price should be below US $ 4 per MBtu. Oil and gas investors (PSC) still objected to the price of gas in the figure because not economical in the middle of the fluctuations in world oil prices.

Yet (agreed price of gas in the upstream), is still being sought maximum. We are looking for potential price reductions ranging from efficiencies to operational expenditures (OPEX), capital expenditure (capex), and then look for alternative sources of the most inexpensive of the upstream including options importation of liquefied natural gas (LNG) with reference to zoning schemes, president director of PT Pertamina Dwi Soetjipto.

Media Indonesia, Halaman : 18, Kamis, 10 Nop 2016

Petrokimia Segera Nikmati Gas Murah

Pemerintah menyepakati harga gas untuk Industri petrokimia tak lebih dari US$ 6 per MMBtu. Harga tersebut sesuai dengan Peraturan Presiden Nomor 40 Tahun 2016. Menteri Energi dan Sumber Daya Mineral, Ignasius Jonan, menyatakan kesepakatan harga gas untuk industri petrokimia tersebut dicapai dalam rapat koordinasi di kantor Kementerian Koordinator Perekonomian, Sektor lain sedang dibahas. Menurut Jonan, pemerintah akan segera membentuk tim kecil yang beranggotakan pejabat eselon I-II dari kementerian lembaga. Tim tersebut akan mengkaji formula penurunan harga gas untuk enam sektor industri dan empat sektor yang diusulkan Kementerian Perindustrian.

Berdasarkan Peraturan Presiden Nomor 40 Tahun 2016, acla tujuh sektor industri yang mendapatkan harga gas di bawah US$ 6, yaitu industri pupuk, petrokimia, oleochemical, baja, kerarnik, kaca, dan sarung tangan karet. Kementerian Perindustrian kemudian mengusulkan empat industri, yakni tekstil, alas kaki, makanan dan minuman, Serta pulp dan kertas. Jonan menuturkan, tim kecil sudah harus mengeluarkan formula harga pada akhir bulan ini. Dia berharap tujuh sektor industri sesuai dengan Peraturan Presiden Nomor 40 Tahun 2016 sudah bisa menikmati harga gas di bawah US$ 6 pada awal 2017.

Khusus industri pupuk dan baja, Jonan optimistis kesepakatan gas murah bisa diteken dalam waktu dekat. Direktur Jenderal Minyak dan Gas Bumi, I Gusti Nyoman Wiratmaja, mengatakan beberapa perusahaan pupuk, seperti PT Pupuk Iskandar Muda dan PED Petrokimia Gresik, bakal mendapatkan potongan harga gas. Begitu juga dengan PT Krakatau Steel, yang bakal mendapat harga gas murah dalam waktu dekat. Dia menolak menjelaskan formula harga gas murah yang sudah disepakati. Diskon harga, bisa diberikan dengan merevisi harga yang lebih fleksibel dengan mengikuti harga minyak dunia.

Sebelumnya, Wiratmaja menjelaskan alternati menurunkan harga gasm Di antaranya dengan menekan biaya operasi. cara itu bisa dilakukan dengan memangkas biaya jasa pengeboran. Selain penurunan harga, menurut dia, cara lain adalah mengurangi bagian negara dari bagi hasil dengan kontraktor. Opsi tersebut mampu memangkas harga gas di mulut sumur sekitar US$ 2-3 per MMBtu. Risikonya, penerimaan negara bisa hilang sebesar US$ 544 juta per tahun.

Menteri Perindustrian Airlangga Hartanto mengatakan kepastian penerima gas murah dikebut hingga 10 hari ke depan. Skema penurunan bakal dibahas dalam tim khusus beranggotakan pejabat eselon I dan II dari Kementerian Energi, Kementerian Perinddstrian, serta Kementerian Keuangan. Airlangga berkukuh empat industri usulannya bisa masuk dalam revisi Peraturan Presiden. Menteri Koordinator Perekonomian Darmin Nasution mengatakan usul tambahan empat industri tersebut belum bisa diterima dalam waktu dekat.

Revisi yang disepakati baru terkait dengan masuknya klausul pembatasan margin niaga gas (regulated margin) yang diatur dalam Peraturan Menteri Energi Nomor 19 Tahun 2009 tentang Kegiatan Usaha Gas Bumi Melalui Pipa. Kepala Badan Pengatur Hilir Minyak dan Gas Bumi, Andy Noorsaman Sommeng, mengatakan pembatasan margin berpotensi menurunkan harga US$ 1,5 per MMBtu. Andy mengusulkan pembenahan jalur distrtbusi gas yang dikuasai pengusaha niaga (trader) bermodal kertas. Kementerian Energi menargetkan penataan trader rampung dalam dua tahun.

IN ENGLISH

Petrochemical soon Enjoy Cheap Gas

The government agreed on the price of gas for the petrochemical industry is no more than US $ 6 per MMBtu. The price in accordance with the Presidential Decree No. 40 of 2016. The Minister of Energy and Mineral Resources, Ignatius Jonan, said the deal price of gas for the petrochemical industry achieved in the coordination meeting at the office of Coordinating Minister for the Economy, other sectors are being discussed. According Jonan, the government will soon form a small team consisting of echelon I - II of the ministries. The team will study the formula of gas price reduction for six industrial sectors and four sectors proposed the Ministry of Industry.

Based on Presidential Decree No. 40 of 2016, Acla seven industry sectors to get gas prices below $ 6, which is the fertilizer industry, petrochemical, oleochemical, steel, ceramics, glass, and rubber gloves. The Ministry of Industry then proposed four industries, namely textiles, footwear, food and beverages, as well as pulp and paper. Jonan said that small teams already have to spend a pricing formula at the end of this month. He hoped seven industry sectors in accordance with the Presidential Decree Number 40 Year 2016 can enjoy gas prices below $ 6 at the beginning of 2017.

Specialty fertilizers and steel industry, Jonan's optimistic that the gas deal could be signed in the near future. Director General of Oil and Gas, I Gusti Nyoman Wiratmaja, said some fertilizer companies, such as PT Pupuk Iskandar Muda and PED Gresik Petro Chemical, will get a discount gas. Likewise with PT Krakatau Steel, which will get cheap gas prices in the near future. She refused to cheap gas price formula had been agreed. Price discounts may be given to revise the price of a more flexible by following the world oil prices.

Previously, Wiratmaja explain alternati reduce prices gasm Among them by pressing the operating costs. how it can be done by cutting the cost of drilling services. In addition to falling prices, according to him, the other way is to reduce the state's share of the profits with the contractor. The option is able to cut the price of gas at the mouth of the well of approximately US $ 2-3 per MMBtu. The risk, state revenue could be lost at US $ 544 million per year.

Minister of Industry Airlangga Hartanto said certainty recipient cheap gas accelerated to 10 days ahead. Reduction scheme will be discussed in a special team consisting of echelon I and II of the Ministry of Energy, Ministry of Industry, and the Ministry of Finance. Airlangga persists in four industry proposals can be included in the revision of Presidential Decree. Coordinating Minister for Economic Nasution said four additional proposals that industry can not be accepted in the near future.

The new revision of the agreed limitation clause relating to the entry of gas trading margin (regulated margin) set out in Regulation of the Minister of Energy No. 19 of 2009 on Business Activities of Natural Gas Pipeline Through. Head of Downstream Regulatory Agency for Oil and Gas, Andy Noorsaman Sommeng, said the restrictions margin potentially lower the price of $ 1.5 per MMBtu. Andy proposes revamping the gas distribution channels controlled by commercial entrepreneurs (traders) capitalized paper. The Ministry of Energy is targeting trader arrangement completed in two years.

Koran Tempo, Halaman : 13, Kamis, 10 Nop 2016

Pertamina Berpeluang Kelola Blok Sanga-Sanga

PT Pertamina memiliki posisi yang kuat untuk bisa mengelola Blok Sanga-Sanga pasca habisnya kontrak pengelolaan Wilayah kerja minyak dan gas di Kalimantan Timur tersebut pada Agustus 2018. Pengamat energi dari Refor Miner Institute Komaidi Notonegoro mengatakan, keunggulan Pertamina yang paling utama adalah memiliki perlindungan hukum yang kuat, yakni Peraturan Menteri Energi dan Sumber Daya Mineral (ESDM) Nomor 15 Tahun 2015 dan Permen ESDM Nomor 30 Tahun 2016 tentang pengelolaan Wilayah kerja minyak dan gas bumi yang akan berakhir kontrak kerja samanya.

Hak partisipasi Sanga-Sanga dikuasai BP East Kalimantan sebesar 26,25%, Lasmo Sanga Sanga 26,25%, Virginia Indonesia Co LLC 7,5%, OPICOIL Houston Inc sebesar 20%, Universe Gas & Oil Company 4,37%, dan Virginia International Co LLC 15,63%. Saat ini, PT VICO Indonesia menjadi operator Blok Sanga-Sanga. Per 30 Juni 2016, SKK Migas mencatat Blok Sanga-Sanga telah menyumbang lifting atau produksi siap jual minyak sebanyak 18 ribu barel per hari. Sedangkan lifting gas sebanyak 31 ribu barel oil ekuivalen per hari (BOEPD). Komaidi menjelaskan Pertamina juga badan usaha milik negara (BUMN) yang 100% sahamnya dimiliki Negara.

Dengan demikian, Pertamina lebih mudah mengarahkan kebijakan korporasinya. Ketua Komisi VII DPR Gus Irawan Pasaribu mengatakan, Pertamina sudah cukup berpen- galaman di sektor hulu migas dan sisi iinansial juga kuat untuk mendukung operasional Blok Sanga-Sanga. Menurut Gus Irawan, Pertamina diharapkan bisa meningkatkan kinerja operasi Blok Sanga-Sanga. Dengan peningkatan produksi siap jual (lifting) tentunya akan menambah pemasukan negara, baik dari pajak maupun bukan pajak nantinya.

Direktur Hulu Pertamina Syamsu Alam mengatakan, Pertamina sudah memasukkan proposal untuk pengelolaan Blok Sanga-Sanga ke Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas (SKK Migas) dan juga pemerintah. Pertamina berencana mengintegrasikan Blok Sanga-Sanga dengan fasilitas produksi migas milik perseroan lainnya di Wilayah Kalimantan. Apalagi setelah Blok Mahakam akan mulai dioperasi Pertamina mulai awal 2018. Selain Sanga-Sanga, Pertamina juga berencana untuk mengambil alih Blok East Kalimantan yang akan berakhir kontraknya pada Agustus 2018. Saat ini Blok East Kalimantan dikelola PT Chevron Indonesia Company.

Kebetulan East Kalimantan di utara dan selatan ada Mahakam, dan ada juga Sanga-Sanga. Secara keseluruhan jadi satu kompleks, nanti diintegrasikan. Kementerian Energi dan Sumber Daya Mineral menargetkan tahun ini sudah ada keputusan nasib Blok Sanga-Sanga setelah kontraknya berakhir. Tujuannya agar ada kepastian investasi bagi operator di blok yang sudah beroperasi 50 tahun itu.

IN ENGLISH

Chance Pertamina Manage Sanga-Sanga

PT Pertamina has a strong position to be able to manage Sanga-Sanga management contract expired after the work areas of oil and gas in the East Kalimantan August 2018. Observers energy of Refor Miner Institute Komaidi Notonegoro said Pertamina most important advantage is to have legal protection strong, namely the Minister of Energy and Mineral Resources (ESDM) No. 15 of 2015 and ESDM No. 30 of 2016 on the management of work areas of oil and gas that will end its cooperation contract.

Sanga-Sanga participation rights controlled by BP East Kalimantan, 26.25%, 26.25% Lasmo Sanga Sanga, Virginia Indonesia Co. LLC 7.5%, OPICOIL Houston Inc. by 20%, Universe Gas & Oil Company 4.37%, and Virginia International Co LLC 15.63%. Currently, PT VICO Indonesia the operator of Sanga-Sanga. As of June 30, 2016, SKK Migas recorded Sanga-Sanga has contributed lifting or production is ready to sell as many as 18 thousand barrels of oil per day. While the gas lifting as much as 31 thousand barrels of oil equivalent per day (BOEPD). Komaidi explained Pertamina also state-owned enterprises (SOEs) which is 100% owned by the State.

Thus, Pertamina easier to steer corporate policy. Chairman of House Commission VII Gus Irawan Pasaribu said, Pertamina has enough experience in the upstream oil and gas sector and the financial side too strong to support the operation of Sanga-Sanga. According to Gus Irawan, Pertamina is expected to improve the operating performance Sanga-Sanga. With the increase in production ready for sale (lifting) will certainly add to the country's revenue, both from tax and non-tax later.

Pertamina Upstream Director Syamsu Alam said, Pertamina already submitted proposals for the management of Sanga-Sanga Special Unit to the Upstream Oil and Gas (SKK Migas) and also the government. Pertamina plans to integrate the Sanga-Sanga with oil and gas production facilities belonging to another company in Kalimantan. Especially after the Mahakam block Pertamina will start operation from early 2018. In addition to Sanga-Sanga, Pertamina also plans to take over Block East Kalimantan that will end his contract in August 2018. East Kalimantan block currently managed by PT Chevron Indonesia Company.

Incidentally East Kalimantan in the north and the south there Mahakam, and there is also Sanga-Sanga. Overall become a complex, integrated later. Ministry of Energy and Mineral Resources said this year has been no decision Sanga-Sanga fate after the contract expires. The goal is that no investment certainty for operators in the block which has been operating 50 years.

Investor Daily, Halaman : 9, Kamis, 10 Nop 2016

Exxon Mobil-Pertamina Discuss the East Natuna Block Development Plan

    PT Pertamina stated that it is ready to develop the East Natuna Block immediately. Exxon Mobil as a partner has also been approved to discuss the plan to develop the East Natuna block.

the East Natuna block

    Pertamina's Upstream Director Syamsu Alam said, since being asked to sign the East Natuna Block production sharing / PSC contract since last August, the company is actually ready. This is because Pertamina's activities in working on the East Natuna Block will support efforts to strengthen Indonesia's resilience in the border areas. Pertamina must wait for its two partners, Exxon Mobil and PTT Thailand, to obtain approval from the company office.

Exxon Mobil

    Exxon has already asked for approval from its head office, it looks like they already have a green light from the head office to talk in detail about East Natuna. Syamsu said that his partner's steps could be understood. This is because the development of the East Natuna Block requires a very large investment.

PTT Thailand

    Exxon Mobil and PTT Thailand will definitely take a look at their global portfolios. In addition, they will definitely consider the Fiscal scheme offered by Indonesia. Yesterday, the concern was the term PSC, then Government Regulation number 79/2010. He hopes that the East Natuna Block PSC can be signed soon. Pertamina, if asked to sign a contract this November, is ready.

    It's just that, whether the East Natuna Block contract is signed or not, it all depends on the Ministry of Energy and Mineral Resources, which leads the process. Regarding the distribution of participating shares between Pertamina and its partners, Syamsu said that it would be discussed after the PSC was signed. 

    This is because the distribution of participating shares must consider the profit sharing or split between the state and the contractors. Pertamina assesses that the 40% profit sharing offered by the government is very economical. The East Natuna Block development is planned to be carried out in stages.

    According to the plan, in the first phase, the development of the block on the Indonesian border will start from the work on the AP structure which has the dominant oil reserves. In the next step, a gas-dominant AL structure with a carbon dioxide content of 72% will be worked out. 

    Currently, Pertamina and partners are completing a technology and market review / TMR for gas block production at the Indonesian border. Later, the fiscal for gas development will be based on the results of the TMR which will be completed in 2017.

Investor Daily, Page-9, Thursday, Nov 10, 2016

Hitungan Penurunan Harga Gas Industri Hampir Tuntas

Sampai saat ini rencana penurunan harga gas untuk industri masih terganjal. Meski pemerintah menargetkan perumusan penurunan harga gas industri rampung November ini, hingga kini belum semua perhitungan per sektor selesai dikerjakan. Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan mengatakan, kesepakatan baru terjadi pada perhitungan harga gas untuk sektor industri petrokimia. Tidak perlu dijelaskan harganya berapa, poinnya mudah-mudahan sesuai Peraturan Presiden No. 40.

Menteri Perindustrian Airlangga Hartarto menambahkan, Selain industri petrokimia, pembahasan penurunan harga gas untuk dua sektor industri yakni industri baja dan pupuk juga sudah mulai menemukan titik terang. Semua pemangku kepentingan yang terlibat dalam pembahasan penurunan harga gas untuk industri sudah mulai satu suara dengan formula penurunan harga gas untuk kedua sektor tersebut.

Untuk menuntaskan seluruh perumusan harga gas untuk industri, Airlangga bilang, pemerintah akan membentuk tim kecil yang beranggotakan para direktorat jenderal di Kementerian ESDM, Kementerian Perindustrian dan Deputi Kementerian Badan Usaha Milik Negara (BUMN) dan Kementerian Keuangan. Pemerintah memberikan Waktu kepada tim kecil ini selama sepekan hingga 10 hari ke depan untuk menghitung formula penurunan harga gas per sektor industri. Tim juga ditugaskan untuk melihat aspek hukum baik di sisi hulu maupun hilir.

IN ENGLISH

Counts Decrease Gas Prices Industry Nearly Completed

Until now, gas price reduction plan for the industry is still hampered. Although the government is targeting the formulation of industrial gas price reduction to be completed this November, until now not all the calculations per sector completed. Minister of Energy and Mineral Resources (ESDM) Ignatius Jonan said the new deal occurred in the calculation of the price of gas for the petrochemical industry sector. No need to explain how much it costs, the points are hopefully corresponding Presidential Decree No. 40.

Minister of Industry Airlangga Hartanto added, In addition to the petrochemical industry, the discussion decline in gas prices for two industrial sectors namely steel and fertilizer industries have also begun to find a bright spot. All stakeholders involved in the discussion decline in gas prices for industry have started a sound formula of gas price reduction for the two sectors.

To complete the entire formulation of the price of gas for industry, Airlangga said, the government will form a small team consisting of the directorate-general in the Ministry of Energy, Ministry of Industry and Deputy Minister of State-Owned Enterprises (SOEs) and the Ministry of Finance. When the government gives to this small team for a week to 10 days ahead to calculate the formula of gas price reduction per industry sector. The team was also tasked to look at the legal aspects of both upstream and downstream.

Kontan, Halaman : 20, Kamis, 10 Nop 2016

Pertamina: Exxon Teruskan Proyek East Natuna

Pertamina mengklaim, salah satu anggota konsorsiumnya, ExxonMobil tetap meneruskan mega proyek Blok East Natnna. PT Pertamina dan anggota konsorsium siap menandatangani kontrak kerjasama atau production sharing contract (PSC) Blok East Natuna pada November ini. Konsorsium Blok East Natuna terdiri dari Pertamina, ExxonMobil, dan PTT Thailand. Soal pembagian saham akan ditentukan jika PSC sudah ditekan. Direktur Hulu Pertamina Syamsu Alam mengungkapkan, ExxonMobil telah mendapatkan lampu hijau dari kantor pusat di Amerika Serikat untuk melanjutkan proyek East Natuna.

Jumat lalu kami meeting dan kelihatannya ada green light dari head office untuk bicara lebih mendetail mengenai East Natuna. Mudah-mudahan bisa selesaikan tandatangan PSC East Natuna. Bila proyek ini berlanjut, skemanya adalah memproduksi minyak dahulu, ketimbang gas. Sebelumnya konsorsium menginginkan gas dahulu yang diproduksi. Tapi, ternyata secara teknis produksi gas memerlukan waktu yang lama karena memiliki kandungan CO2 yang cukup besar. Sementara untuk produksi minyak bisa langsung dan diperkirakan 7.000 barel-15.000 barel per hari. Syamsu mengatakan, proyek ini memerlukan dana besar atau mencapai US$ 24 miliar (sekitar Rp 230 triliun).

IN ENGLISH

Pertamina: Exxon Forward Project East Natuna

Pertamina claims, one of the consortium members, ExxonMobil still continuing Block East Natnna mega project. PT Pertamina and the members of the consortium is ready to sign a contract of cooperation or production sharing contract (PSC) of East Natuna Block in November. Block East Natuna Consortium consisting of Pertamina, ExxonMobil, and PTT Thailand. About the distribution of shares will be determined if the PSC has been pressed. Pertamina Upstream Director Syamsu Alam said ExxonMobil has a green light from its headquarters in the United States to continue the East Natuna project.

Last Friday we are meeting and there seems to be a green light from the head office to talk in more detail about the East Natuna. Hopefully it can accomplish East Natuna PSC signature. When the project is continued, the scheme is producing the first oil rather than gas. Previous consortium wants former manufactured gas. But, it is technically gas production requires a long time because it has a large enough CO2 content. As for oil production could directly and an estimated 7,000 barrel-15,000 barrels per day. Syamsu said, this project requires huge funds or US $ 24 billion (around Rp 230 trillion).

Kontan, Halaman : 14, Kamis, 10 Nop 2016