Reinforced oil and gas infrastructure in East Kalimantan

The government strengthen the infrastructure of oil and gas by building a network of domestic gas and gas refueling stations in Balikpapan, East Kalimantan. For the first time, the government built 3,849 household gas connections in the city. Governments multiply the gas fueling station in East Kalimantan. Of gas for households starting from the village of Karang Jati, District Central Balikpapan, Kota Balikpapan, since a week ago.

The gas is supplied from PT Chevron Indonesia Company with an allocation of 0.5 million standard cubic feet per day (MMSCFD). Gas network in London is operated by PT Pertagas Commerce, a subsidiary of PT Pertamina. Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM) I Gusti Nyoman Wiratmaja said, this year there will be 53,000 to 59,000 household gas connections are built in several cities in Indonesia.

The budget allocated is Rp 1.14 trillion. "In the oil and gas producing regions will continue to be optimized utilization of natural gas as a substitute for LPG. Our target is to be awakened later in 2019 to 1.3 million household gas connections, said Wiratmaja.

Commerce company's president director Linda Sunarti added, in addition to the assignment of the government's domestic gas network in Balikpapan, Pertamina is targeting 130,000 household connections operation this year. Will be entirely built in Pekanbaru, Riau, Samarinda and Bontang in East Kalimantan, Mojokerto in East Java, as well as in Muara Enim and Penukal Abab Lematang Ilir in South Sumatra

IN INDONESIAN

Infrastruktur Migas di Kaltim Diperkuat

Pemerintah memperkuat infrastruktur minyak dan gas bumi dengan membangun jaringan gas rumah tangga dan stasiun pengisian bahan bakar gas di Balikpapan, Kalimantan Timur. Untuk pertama kalinya, pemerintah membangun 3.849 sambungan gas rumah tangga di kota tersebut. Pemerintah juga memperbanyak stasiun pengisian bahan bakar gas di Kalimantan Timur. Pengaliran gas untuk rumah tangga dimulai dari Kelurahan Karang Jati, Kecamatan Balikpapan Tengah, Kota Balikpapan,  sejak sepekan lalu. 

Gas tersebut dipasok dari PT Chevron Indonesia Company dengan alokasi sebanyak 0,5 juta standar kaki kubik per hari (MMSCFD). Jaringan gas di Balikpapan dioperasikan oleh PT Pertagas Niaga, anak usaha PT Pertamina. Direktur Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral (ESDM) I Gusti Nyoman Wiratmaja mengatakan, tahun ini akan ada 53,000 sampai 59.000 sambungan gas rumah tangga yang dibangun di sejumlah kota di Indonesia.

Anggaran yang dialokasikan adalah Rp 1,14 triliun. ”Di daerah penghasil migas akan terus dioptimalkan pemanfaatan gas bumi sebagai pengganti elpiji. Target kami, sampai 2019 nanti bisa terbangun 1,3 juta sambungan gas rumah tangga, ujar Wiratmaja.  

Presiden Direktur Pertagas Niaga Linda Sunarti menambahkan, selain penugasan dari pemerintah untuk jaringan gas rumah tangga di Balikpapan, Pertamina menargetkan pengoperasian 130.000 sambungan rumah tangga pada tahun ini. Seluruhnya akan dibangun di Pekanbaru, Riau, Samarinda dan Bontang di Kaltim, Mojokerto di Jawa Timur, serta di Muara Enim dan Penukal Abab Lematang Ilir di Sumatera Selatan

Kompas, Page-18, Friday, Feb, 3, 2017

Regulatory Transition Termination Blocks Prepared

Special Unit of Upstream Oil and Gas prepares legal protection to transition management of oil and gas blocks that will be out of contract in 2018. Chief Spokesman SKK Migas Taslim Z. Yunus said it is conducting intense discussions to complete the switch contractors and contracts the block assigned to PT Pertamina. SKK Migas will issue an agreement that accommodates the activities in the transition between the existing operators and new operators. SKK Migas will issue a decree, no need to issue guidelines work system (PTK) for the activities during the transition period have legal protection.

According to him, Pertamina as a new operator can start investing before the contract expires. Then, the entire permit the use of state assets is also a contract is being prepared so that the transition from contract cost recovery to gross split is not sudden as happened in the Offshore North West Java (ONWJ) signed in January 2017. "Actually PTK is not necessary, the decision only SKK Migas because the contracting only SKK Migas, the operator of the old, the same operator who will come, "he said.

Another thing that must be resolved, said Taslim, the replacement cost of the investment in the transition period when they apply the contract cost recovery. According to him, the cost of the eight working areas must be calculated in order to be converted into part of the contractor. "Hence its unrecovered cost must be considered from now.

Previously, Pertamina Upstream Director Syamsu Alam said the government had given a letter of eight management decisions related work areas will be out of contract in 2018. Three of the eight working areas, only experiencing a transition from production-sharing contracts (production sharing contract / PSC) cost recovery be split ie gross Tuban Block (JOB Pertamina-PetroChina East Java), Block Ogan Ogan, (JOB Pertamina-Talisman), and the North Sumatra Offshore Blocks (Pertamina).

If not immediately, activities, potential production decline is increasing. Therefore, the company can reduce the rate of decline in production by starting activities before the contract expires as it did in the Mahakam block.

IN INDONESIAN

Regulasi Transisi Blok Terminasi Disiapkan

Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi menyiapkan perlindungan hukum untuk transisi pengelolaan blok migas yang akan habis masa kontraknya pada 2018. Kepala Juru Bicara SKK Migas Taslim Z. Yunus mengatakan, pihaknya sedang melakukan pembahasan secara intens untuk menyelesaikan peralihan kontraktor dan kontrak pada blok yang ditugaskan kepada PT Pertamina. SKK Migas akan mengeluarkan perjanjian yang mengakomodasi kegiatan di masa transisi di antara operator eksis dan operator baru. SKK Migas akan mengeluarkan Surat keputusan, tidak perlu mengeluarkan pedoman tata kerja (PTK) agar kegiatan di masa transisi memiliki perlindungan hukum.

Menurutnya, Pertamina sebagai operator baru bisa memulai investasi sebelum masa kontrak berakhir. Kemudian, seluruh izin penggunaan aset negara juga kontrak sedang disiapkan agar peralihan dari kontrak cost recovery ke gross split tidak mendadak seperti yang terjadi pada Blok Offshore North West Java (ONWJ) yang ditandatangani pada Januari 2017. “Sebetulnya PTK tidak  perlu, keputusan SKK Migas saja karena yang berkontrak hanya SKK Migas, operator yang lama, sama operator yang akan datang," ujarnya.

Hal lain yang juga harus diselesaikan, ujar Taslim, penggantian biaya investasi di masa transisi ketika masih menerapkan kontrak cost recovery. Menurutnya, biaya pada delapan wilayah kerja tersebut harus dihitung agar bisa dikonversi menjadi bagian kontraktor. “Makanya unrecovered cost-nya harus diperhatikan dari sekarang. 

Sebelumnya, Direktur Hulu Pertamina Syamsu Alam mengatakan, pemerintah telah memberikan surat terkait keputusan pengelolaan delapan wilayah kerja yang akan habis masa kontraknya pada 2018. Tiga dari delapan wilayah kerja tersebut, hanya mengalami peralihan dari kontrak bagi hasil (production sharing contract/PSC) cost recovery menjadi gross split yaitu Blok Tuban (JOB Pertamina-PetroChina East Java), Blok Ogan Komering, (JOB Pertamina-Talisman), dan Blok North Sumatera Offshore (Pertamina).

Bila tidak segera dilakukan kegiatan, potensi penurunan produksi semakin tinggi. Oleh kanena itu, perseroan bisa mengurangi laju penurunan produksi dengan cara memulai kegiatan sebelum kontrak berakhir seperti yang dilakukan pada Blok Mahakam.

Bisnis Indonesia, Page-30, Friday, Feb, 3, 2017

Government Set Price Gas Plant

The Ministry of Energy and Mineral Resources has published three Ministerial Regulation associated with power generation. One of them, set the price of gas for power generation through the Ministerial Regulation No. 11 Year 2017 Beleid it ensures the availability of gas supply at reasonable and competitive prices, both for gas pipelines and LNG.

Director General of Electricity Ministry of Energy and Mineral Resources Jarman said, there are two main points set out in the regulation. Namely, the development of power generation in the mouth of wells (wellhead) and the price of gas and gas pipeline tariffs. Associated with plant development at the mouth of the well when passing a direct appointment, the price of gas up to 8 percent of the Indonesia Crude Price (ICP). Also there is no guarantee gas allocation in accordance with the contract. Later, depreciable plant investment of at least 20 years. Then, there is no guarantee developers with specific fuel consumption (SFC) of oil equivalent diesel (HSD) by 0.25 liters per kWh. If through the public auction, carried out if the price is higher than 8 percent ICP. "Electricity at the delivery point substation nearby," said Jarman

The second point, concerning the price of gas and pipeline gas tariffs. For gas pipelines, adjusted economic price without escalation. If necessary escalation, the price is based on a percentage deal. Other rules are Rule Minister No. 10 of 2017 regulating the power purchase agreement (PPA) between the buyers, ie PLN, and the seller (IPP). According to Jarman, PPA rules must use the same pattern of such a build, own, operated, transfer (BOOT).

hus, if the contract runs out, it became state property. Beleid next Ministerial Regulation No. 12 of 2017 to regulate the maximum price of electricity generation sourced from renewable energy.

IN INDONESIAN

Pemerintah Atur Harga Gas Pembangkit

Kementerian ESDM telah menerbitkan tiga Peraturan Menteri terkait dengan pembangkit tenaga listrik. Salah satu di antaranya, mengatur harga gas untuk pembangkit listrik lewat Peraturan Menteri No 11 Tahun 2017. Beleid itu menjamin ketersediaan pasokan gas dengan harga yang wajar dan kompetitif, baik untuk gas pipa maupun LNG.

Dirjen Ketenagalistrikan Kementerian ESDM Jarman mengatakan, ada dua poin utama yang diatur dalam peraturan tersebut. Yakni, pengembangan pembangkit listrik di mulut sumur (wellhead) serta harga gas dan tarif pipa gas. Terkait dengan pengembangan pembangkit di mulut sumur apabila lewat penunjukan langsung, harga gas maksimal 8 persen dari Indonesia Crude Price (ICP). Juga ada jaminan alokasi gas sesuai dengan kontrak. Kemudian, investasi pembangkit di depresiasi sekurang-kurangnya 20 tahun. Lalu, ada jaminan pengembang dengan specific fuel consumption (SFC) setara minyak solar (HSD) sebesar 0,25 liter per kWh. Apabila melalui pelelangan umum, dilakukan jika harga lebih tinggi dari 8 persen ICP. ”Titik penyerahan listrik pada gardu induk terdekat,” kata Jarman

Poin kedua, menyangkut harga gas dan tarif gas pipa. Untuk gas pipa, disesuaikan harga keekonomian tanpa eskalasi. Jika diperlukan eskalasi, harga didasarkan kepada kesepakatan persentase. Aturan lainnya adalah Peraturan Menteri ESDM Nomor 10 Tahun 2017 yang mengatur perjanjian jual beli tenaga listrik (PJBL) antara pembeli, yakni PLN, dan penjual (IPP). Menurut Jarman, aturan PJBL harus menggunakan pola kerja sama berupa build, own, operated, transfer (BOOT). 

Dengan demikian, jika kontrak habis, itu menjadi milik negara. Beleid berikutnya adalah Peraturan Menteri Nomor 12 Tahun 2017 untuk mengatur harga maksimal pembangkit listrik yang bersumber dari energi baru dan terbarukan.

Jawa Pos, Page-5, Friday, Feb, 3, 2017

March TOTAL E & P Indonesie Drill 6 Well in Mahakam block

TOTAL E&P Indonesie has not shown the green light about tarawan ownership rights of participation (participating interest / PI) block, is now in the process of transition over to PT Pertamina. However, multinational oil and gas company Frenchman ensure fixed obligations including realization of drilling (drilling) six wells by March 2017. "There (on the right of participation), we still run transition priorities. Once the new well our discussions, "said President Director of TOTAL E&P Indonesie Arividya Noviyanto closed after a meeting with Coordinating Minister for Maritime Luhut Binsar Pandjaitan.

 After the contract period TOTAL E&P Indonesie the Mahakam block runs at the end of 2017, Pertamina known to have the right of participation to 100%. Pertamina officially became operator per January 1, 2018, but still welcome cooperating with the existing operator, Total and Inpex Corporation by granting a 30% minority participation. However, state-owned enterprises that want to invest more energy in order to maintain the initial production rate of the gas-rich field.

 The Ministry of Energy and approve amendments to the production sharing contracts (production sharing contract / PSC) in the period from 2018 to 2038 as legal certainty for PT. Pertamina Hulu Mahakam (PHM) as a subsidiary of Pertamina to contribute in the Work Plan and Budget (WP &B) Mahakam block 2017. From there it is known, for the 2017 Pertamina will invest US $ 180 million to drill 19 wells in the Mahakam block with record gas produced newly manufactured per 2018. Meanwhile, TOTAL E&P Indonesie remain drill six wells were targeted to start March 1, 2017.

       Gas from six wells produced this year with an estimated reach 1.4 to 1.5 tcf and oil production in the range of 50 thousand boepd. "Drilling (six wells) was started in March. After that, 19 wells with Pertamina. Now we are prioritizing the transitional period so that production Mahakam not fall, "he said.

 Although not yet willing to declare what percentage interest in the Mahakam block participation rights as managed by Pertamina, TOTAL E&P Indonesie hoped ownership would be equivalent to its partner, Inpex, which is also known to be interested. "It should be 50:50. but we have not talked with Inpex, "said Noviyanto

IN INDONESIAN
Maret TOTAL E&P Indonesie Boro umur Blok Mahakam


 TOTAL E&P Indonesie belum menunjukkan lampu hijau soal tarawan kepemilikan hak partisipasi (participating interest/PI) Blok Mahakam yang kini dalam proses alih transisi ke PT Pertamina. Namun, perusahaan migas multinasional asal Prancis itu memastikan tetap menjalankan kewajiban termasuk merealisasikan pengeboran (drilling) enam sumur per Maret 2017. “Belum (soal hak partisipasi), kita masih prioritas jalankan transisi. Setelah lancar baru kita diskusi itu,” ujar Presiden Direktur TOTAL E&P Indonesie Arividya Noviyanto seusai rapat tertutup dengan Menko Maritim Luhut Binsar Pandjaitan.

 Setelah masa kontrak TOTAL E&P Indonesie terhadap Blok Mahakam habis di akhir 2017, Pertamina diketahui mendapat hak partisipasi 100%. Pertamina resmi menjadi operator per 1 Januari 2018, tetapi tetap dipersilakan menggandeng operator eksisting, Total dan Inpex Corporation dengan memberi hak partisipasi minoritas 30%. Kendati demikian, BUMN energi itu ingin berinvestasi lebih awal demi menjaga tingkat produksi lapangan kaya gas itu.

 Kementerian ESDM kemudian menyetujui amendemen kontrak bagi hasil (production sharing contract/PSC) periode 2018-2038 sebagai kepastian hukum bagi PT. Pertamina Hulu Mahakam (PHM) selaku anak usaha Pertamina untuk berkontribusi dalam Rencana Kerja dan Anggaran (WP&B) Blok Mahakam 2017. Dari situ diketahui, untuk 2017 Pertamina menyiapkan investasi US$180 juta untuk mengebor 19 sumur di Blok Mahakam dengan catatan gas yang dihasilkan baru diproduksi per 2018. Sementara itu, TOTAL E&P Indonesie tetap mengebor enam sumur yang ditargetkan mulai 1 Maret 2017.

 Gas dari enam sumur yang diproduksi tahun ini dengan perkiraan mencapai 1,4-1,5 tcf dan produksi minyak di kisaran 50 ribu boepd. “Kegiatan pengeboran (enam sumur) itu dimulai Maret. Setelah itu, 19 sumur dengan Pertamina. Sekarang ini kita utamakan masa transisi agar produksi Mahakam tidak anjlok,” ujarnya.

 Meski belum mau menyatakan berapa persen minat terhadap hak partisipasi Blok Mahakam begitu dikelola Pertamina, TOTAL E&P Indonesie berharap porsi kepemilikan akan setara dengan mitranya, Inpex, yang juga diketahui berminat. “Harusnya 50:50. tapi kita dengan Inpex belum bicara,” ujar Noviyanto

Media Indonesia, Page-19, Thursday, 2, Feb, 2017

Total Work On New Six wells Mahakam block

President and General Manager of Total E & P Indonesia, Arividya Noviyanto, said it will drill six new wells in the Mahakam block in East Kalimantan; March. According to him, this project became part of the transition management of the Mahakam block to PT Pertamina. "After that, the company will build 19 new wells," he said at the Coordinating Ministry for maritime.

When meeting with Coordinating Minister maritime Luhut Pandjaitan, said it was discussing the particulars Noviyanto transition process with Pertamina. According to him, the process that has begun doing is drilling or drilling. But Noviyanto evasive when asked about the response to the invitation Pertamina to keep co-manage the Mahakam block, with a share split of 30 percent along with Inpex Corporation Ltd. "After the transition, will be discussed." Until now, Total is the operator of the Mahakam block with a quota of 50 percent participation rights. The remaining shares are held by Inpex.

Total will terminate his contract on December 31, 2017, was replaced by PT Pertamina Hulu Mahakam. The company was appointed as the new operator of the Mahakam block the government from January 1, 2018. To smooth the transition, Total formed a Transition Mahakam operatorship (TMO).

Previously, Pertamina President Director Dwi Soetjipto said it will spend US $ 1.5 billion, or Rp 19.5 trillion next year to develop the Mahakam block. Although the new total contract runs out on December 31, 2017, he wants investment starts more quickly. "We must immediately make an initial investment in order to avoid a decrease in large-scale production in 2018," said Dwi.

According to Dwi, the funds will be used to drill 19 new wells begin ll quarter 2017. He said the investment should be prepared, given the Mahakam block is the oil and gas fields are classified as mature, with the trend of production has decreased. Without drilling new wells, Dwi worrying decline in production faster. "If we do something, it will be able to slow the decline in production.

IN INDONESIAN

Total Garap Enam Sumur Baru Blok Mahakam

President and General Manager Total E&P Indonesia, Arividya Noviyanto, mengatakan pihaknya akan mengebor enam sumur baru di Blok Mahakam Kalimantan Timur; Maret mendatang. Menurut dia, proyek ini menjadi bagian dari transisi pengelolaan Blok Mahakam ke PT Pertamina. “Setelah itu, Pertamina akan membangun 19 sumur baru,” kata dia di Kantor Kementerian Koordinator Kemaritiman.

Saat bertemu dengan Menteri Koordinator Kemaritiman Luhut Pandjaitan, Noviyanto mengatakan sudah membicarakan ihwal proses transisi dengan Pertamina. Menurut dia, proses yang sudah mulai dikerjakan adalah pengeboran atau drilling. Tapi Noviyanto mengelak saat ditanya mengenai respons atas ajakan Pertamina untuk tetap ikut mengelola Blok Mahakam, dengan pembagian saham 30 persen bersama dengan Inpex Corporation Ltd. “Setelah transisi, akan dibicarakan.” Hingga saat ini, Total masih menjadi operator Blok Mahakam dengan jatah 50 persen hak partisipasi. Sisa saham dikuasai oleh Inpex. 

Total akan mengakhiri kontraknya pada 31 Desember 2017, digantikan oleh PT Pertamina Hulu Mahakam. Perusahaan ini ditunjuk sebagai operator baru Blok Mahakam oleh pemerintah mulai 1 Januari 2018. Untuk memuluskan transisi, Total membentuk Transition Mahakam Operatorship (TMO).

Sebelumnya, Direktur Utama Pertamina Dwi Soetjipto mengatakan pihaknya akan mengucurkan dana US$ 1,5 miliar atau Rp 19,5 triliun tahun depan untuk mengembangkan Blok Mahakam. Meski kontrak Total baru habis pada 31 Desember 2017, dia menghendaki investasi dimulai lebih cepat. “Kami harus segera melakukan investasi awal agar tidak terjadi penurunan produksi besar-besaran pada 2018,” kata Dwi.

Menurut Dwi, dana itu akan digunakan untuk mengebor 19 sumur baru mulai triwulan ll 2017. Dia mengatakan investasi harus segera disiapkan, mengingat Blok Mahakam adalah ladang minyak dan gas yang tergolong mature, dengan tren produksi yang sudah menurun. Tanpa pengeboran sumur baru, Dwi khawatir penurunan produksi semakin cepat. “Kalau kami melakukan sesuatu, akan bisa memperlambat penurunan produksi.

Koran Tempo, Page-16, Thursday, 2, Feb, 2017

Revision of Government Regulation (PP) Cost Recovery Immediately Publication

The government will soon issue a revision of Government Regulation No. 79 Year 2010 regarding the investment costs to be refunded (cost recovery). This revision is claimed to provide incentives alleviate the oil and gas business in Indonesia. Director of the Oil and Gas Ministry of Energy and Mineral Resources (ESDM) I Gusti Nyoman Wiratmaja said, the revised cost recovery that a regulation has been completed. Currently the new regulations are still in the process of legislation. "Soon, who clearly had not in MEMR again. It (revision of Government Regulation (PP) 79/2020) so we wait, "he said.

Deputy Fiscal Policy Office, Ministry of Finance Goro Ekanto added, the revision of PP cost recovery is already in the Secretariat of State. Furthermore, there will be a discussion between the Coordinating Ministry for the Economy, Ministry of Energy, and the State Secretariat. "That is no longer," he said. Wiratmaja reveal some points of the revision of PP 79/2010. The new beleid it will provide certainty about taxation in the oil and gas business. , Stated that the facility will also clarify the non-fiscal incentives which can be acquired oil and gas companies, including investment credits, accelerated depreciation, and DMO (domestic market obligation / liabilities of domestic supply).

As for the fiscal incentives've mentioned before that, at the time of exploration and exploitation, value-added tax (VAT) of imports, import duties, VAT in the country, and the land and building tax (PBB) will be borne by the State. In addition, oil and gas contractors will also get tax exemption (income tax) deduction for loading the operating costs of shared facilities in order to utilize state property and the allocation of overhead costs headquarters. Wiratmaja call, PP 79/2010 does not provide this assurance. "Then POD Base Block Base converted into," he said. , Stated a long time, nor is there clarity related to this Base Block.

Furthermore, the revision of PP 79/2010 is called also apply the concept of sliding scale for the results. With this scheme, the government can earn a share higher if there is a windfall profit. Lastly, it also contains the revised standards and norms for the same examination with the examination guidelines used by the Special Unit of Upstream Oil and Gas (SKK Migas) and the Directorate General of Taxation. In the old rules, the concept for the results of the principle of a fixed scale, so that the country does not gain additional revenue when there is a windfall profit.

    While the matter of the inspection, audit conducted plated by several institutions, namely SKK Migas, the Supreme Audit Agency (BPK), Finance Comptroller (BPKP), and the Directorate General of Taxation. However, Goro added, the principle Assume and Discharge requested by oil and gas companies can not be given in the revised PP's cost recovery. Because the Act does not allow the application of this principle. Nevertheless, government facilities equivalent to those principles. "Technically we agree trimmings should be lightened.

When exploration, there is this new provision should ease, "he added. In the draft revision of PP 79/2010 obtained Investor Daily mentioned Minister may determine the form and amount of incentives for the development of the upstream activities of oil and gas blocks, especially regarding the project economics. Incentives can be given in the form of tax incentives and non-tax revenues in accordance with the provisions of laws and regulations.

Previously, the Government agreed to revise PP 79/2010 in order to attract investment. In that revision, the government will provide non-fiscal incentives which raise the economics of the project, as well as applying the concept of sharing the pain and the gain. PP 79/2010 need to be revised due to the inhibition of the national oil and gas investment. Otherwise look for solutions, this policy will make the upstream oil and gas activity continues to decrease, as reflected in the continued decline in oil production of 800 thousand barrels per day (bpd) this year and is predicted to be 400 thousand bpd in 2020. This decrease is not only because of oil and gas wells is old, but also the lack of exploration activity.

The government has detailed a number of issues related to PP 79/2010. First, the implementation of PP 79/2010 delete assume and discharge regime in which the government will replace all indirect taxes paid by contractors through re-imbusement. PP 79/2010 turn it into a cost recovery regime where tax is paid to the contractor as operating costs and can enter cost recovery.

These changes increase the risk assessed to be borne by investors. Because the oil and gas contractors must bear the tax even since the time of exploration that if it fails, then it becomes a permanent burden of investors. Elimination assume and discharge also makes the economics of the project is in decline, especially in the deep sea projects need a big cost

IN INDONESIAN

Revisi Peraturan Pemerintah (PP) Cost Recovery Segera Terbit

Pemerintah segera menerbitkan revisi Peraturan Pemerintah No 79 Tahun 2010 tentang biaya investasi yang dapat dikembalikan (cost recovery). Revisi ini diklaim memberikan insentif yang meringankan bisnis migas di Indonesia. Direktur Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral (ESDM) I Gusti Nyoman Wiratmaja mengatakan, revisi beleid cost recovery itu sudah selesai. Saat ini peraturan baru ini masih dalam proses perundangan. “Sebentar lagi, yang jelas sudah bukan di Kementerian ESDM lagi. Itu (revisi Peraturan Pemerintah (PP) 79/2020) sangat kami tunggu,” kata dia. 

Wakil Badan Kebijakan Fiskal Kementerian Keuangan Goro Ekanto menambahkan, revisi PP cost recovery ini sudah di Sekretariat Negara. Selanjutnya, bakal ada diskusi antara Kementerian Koordinator Perekonomian, Kementerian ESDM, dan Sekretariat Negara. “Artinya tidak lama lagi,” ujarnya. Wiratmaja membeberkan beberapa poin revisi PP 79/2010. Beleid baru itu bakal memberikan kepastian soal perpajakan dalam bisnis migas. Beleid itu juga akan memperjelas fasilitas insentif non fiskal yang dapat diperoleh perusahaan migas, diantaranya investment credit, percepatan depresiasi, dan DMO (domestic market obligation/ kewajiban pasok dalam negeri). 

Sementara untuk insentif fiskal tersebut pernah disebutkan sebelumnya yakni, pada masa eksplorasi dan eksploitasi, pajak pertambahan nilai (PPN) impor, bea masuk, PPN dalam negeri, dan pajak bumi dan bangunan (PBB) akan ditanggung oleh Negara. Selain itu, kontraktor migas juga akan memperoleh pembebasan pajak penghasilan (PPh) pemotongan atas pembebanan biaya operasi fasilitas bersama dalam rangka pemanfaatan barang milik negara dan alokasi biaya overhead kantor pusat. Wiratmaja menyebut, PP 79/2010 tidak memberikan kepastian ini. “Kemudian POD Basis diubah menjadi Block Basis,” katanya. Dalam beleid lama, juga tidak ada kejelasan terkait Block Basis ini.

Selanjutnya, revisi PP 79/2010 ini disebutnya juga menerapkan konsep bagi hasil sliding scale. Dengan skema ini, pemerintah bisa memperoleh bagi hasil lebih besar apabila terdapat windfall profit. Terakhir, revisi itu juga memuat standar dan norma pemeriksaan yang sama dengan pedoman pemeriksaan yang digunakan oleh Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) dan Ditjen Pajak. Dalam peraturan lama, konsep bagi hasil menganut prinsip fixed scale, sehingga negara tidak mendapat tambahan bagi hasil ketika terdapat windfall profit. 

Sementara soal pemeriksaan, audit-nya dilakukan berlapis oleh beberapa institusi, yakni SKK Migas, Badan Pemeriksa Keuangan (BPK), Badan Pengawasan Keuangan Pembangunan (BPKP), serta Ditjen Pajak. Namun, Goro menambahkan, prinsip Assume and Discharge yang diminta oleh perusahaan migas tidak bisa diberikan dalam revisi PP cost recovery itu. Pasalnya, Undang-Undang tidak membolehkan pemberlakuan prinsip ini. Meski demikian, pemerintah fasilitas yang setara dengan prinsip tersebut. “Secara teknis kami setuju fasilitasnya harusnya meringankan.

Saat eksplorasi, ada ketentuan baru ini harusnya meringankan,” tambahnya. Dalam draf revisi PP 79/ 2010 yang diperoleh Investor Daily disebutkan Menteri ESDM dapat menetapkan bentuk dan besaran insentif kegiatan hulu untuk pengembangan blok migas, terutama menyangkut keekonomian proyek. Insentif yang diberikan bisa berupa insentif perpajakan dan penerimaan negara bukan pajak sesuai dengan ketentuan peraturan perundangan.

Sebelumnya, Pemerintah sepakat merevisi PP 79/2010 guna menarik investasi. Dalam revisi itu, pemerintah akan memberikan insentif fiskal dan non-fiskal yang menaikkan keekonomian proyek, serta menerapkan konsep sharing the pain and the gain. PP 79/ 2010 perlu direvisi lantaran menjadi penghambatan investasi migas nasional. Jika tidak dicarikan solusi, beleid ini bakal membuat kegiatan hulu migas terus berkurang yang tercermin dari terus menurunnya produksi minyak dari 800 ribu barel per hari (bph) pada tahun ini dan diprediksi menjadi 400 ribu bph pada 2020. Penurunan ini bukan hanya lantaran sumur migas yang sudah tua, tetapi juga tidak adanya kegiatan eksplorasi.

Pemerintah telah merinci sejumlah permasalahan terkait PP 79/2010. Pertama, pemberlakuan PP 79/ 2010 menghapus rezim assume and discharge dimana pemerintah akan mengganti seluruh pajak tidak langsung yang dibayar kontraktor melalui re-imbusement. PP 79/ 2010 mengubahnya menjadi rezim cost recovery dimana pajak tersebut dibayar pada kontraktor sebagai biaya operasi dan dapat masuk cost recovery. 

Perubahan ini dinilai memperbesar risiko yang harus ditanggung investor. Pasalnya, kontraktor migas harus menanggung pajak bahkan sejak masa eksplorasi yang jika gagal, maka menjadi beban permanen investor. Penghapusan assume and discharge juga membuat keekonomian proyek semakin menurun, utamanya di proyek laut dalam yang butuh biaya besar

Investor Daily, Page-9, Thursday, 2, Feb, 2017

There's No 'Sun Twins' in Pertamina

Sofyano energy analyst Zakaria assess the position of Deputy Managing Director (Vice President Director) at Pertamina's management structure is reasonable and does not indicate a two leadership (sun twins) in the body of the oil SOEs. "The position of Deputy Managing Director remain under Managing Director and not parallel. Questioning their position was vice president of Pertamina defined as government policy decisions by voicing it as "Sun Twins", is excessively politicized issue, "said Sofyano

According Sofyano, the position of Deputy Managing Director focused handling of the downstream sector. The government sought to Pertamina business units, particularly in the downstream sector more specifically addressed not only play a role supporting the fulfillment of the needs of oil and gas for the community, but became a business unit that is able to contribute to the nation's foreign exchange. "In a business slump, Pertamina proved able to provide a significant profit, this is evidence that the existing business units in Pertamina dealt more specifically, it would very likely able to bolster the role and Pertamina profit in the future," he said.

Improvements and changes that have been made Pertamina especially since November 2014, he said, proved able to bulldoze "mafia" business at Pertamina. "It is possible it makes the mafia is trying to make a new stance to" destroy "Pertamina in which among other things with other modes of provocations among fellow beings Pertamina," he said

IN INDONESIAN

Tak Ada ‘ Matahari Kembar’ di Pertamina

Pengamat energi Sofyano Zakaria menilai posisi Wakil Direktur Utama (Wadirut) di struktur manajemen Pertamina merupakan hal yang wajar dan bukan mengindikasikan adanya dua kepemimpinan (matahari kembar) di tubuh BUMN migas tersebut.  “Posisi Wakil Direktur Utama tetap ada di bawah Direktur Utama dan bukan sejajar. Mempermasalahkan adanya posisi wakil direktur utama Pertamina yang ditetapkan sebagai keputusan kebijakan pemerintah dengan menyuarakan hal itu sebagai "Matahari Kembar", adalah isu yang dipolitisir secara berlebihan,” kata Sofyano

Menurut Sofyano, posisi Wakil Direktur Utama menitik beratkan penanganan sektor hilir. Pemerintah berupaya agar unit bisnis Pertamina, khususnya di sektor hilir ditangani lebih khusus bukan saja berperan menunjang pemenuhan kebutuhan migas bagi masyarakat, tapi menjadi unit bisnis yang mampu memberikan sumbangan devisa bagi bangsa. “Dalam keterpurukan bisnis minyak, Pertamina membuktikan mampu memberi laba yang signifikan, ini adalah bukti jika unit bisnis yang ada di Pertamina ditangani lebih khusus, maka ini akan sangat mungkin mampu memperbesar peran dan perolehan laba di Pertamina di masa mendatang,” paparnya.

Perbaikan dan perubahan yang telah dilakukan Pertamina khususnya sejak November 2014, kata dia, terbukti mampu melibas “mafia” bisnis di Pertamina. “Sangat mungkin hal ini membuat para mafia tersebut berupaya membuat jurus baru dengan “menghancurkan” Pertamina dari dalam yang antara lain dengan moda adu domba antar sesama insan Pertamina,” ujarnya

Investor Daily, Page-9, Thursday, 2, Feb, 2017

March, Total E & P Drill Six Wells Mahakam block

President & General Manager of Total E & P Indonesie (TEPI) Arividya Novianto said it will drill six wells in the Mahakam block in East Kalimantan starting in March 2017. "March (start drilling). Six wells by us, after which 19 wells by Pertamina, "said Novi. He came to the Coordinating Ministry for joint maritime President & GM Total E & P Indonesie previously, Hardy Pramono, met the Coordinating Minister for maritime Luhut Binsar Panjaitan.

However, Novi admitted to the meeting only to discuss the development of the transition process over the governance of the Mahakam block from the French contractor to PT Pertamina. 'We want to' update 'just a matter of transition with Pertamina, we want' drilling 'to do the drilling) and so forth, "he explained briefly. When asked about your bids right to manage a maximum of 30% along with Inpex Corporation, Novi admitted it was not yet decided. Because the company is still the focus in order to manage the transition process over the Mahakam block is running smoothly.

Currently, the TEPI as the operator of the Mahakam block has a 50% participating interest and 50% controlled by Inpex Corporation Ltd. "Not (covered). Our priority transition goes smoothly, then we go into the discussion. Because of this transition is more important, so that the production Mahakam not fall, "he said. "EDGES" will terminate his contract on December 31, 2017, after nearly 50 years operate the Mahakam block. PT Pertamina Hulu Mahakam has been appointed by the government as a new operator per January 1, 2018.

For the transition process, TEPI has Establishing a special unit in December 2015 was named Transition Mahakam operatorship (TMO). The main priority TEPI in 2017 was the fall in production and ensure the transfer process to the Mahakam Block operator PT Pertamina can take place smoothly. The company is targeting gas production in 2017 reached 1,430 million cubic feet per day (MMSCFD). There is nothing to crude oil and condensate production is planned at 53,000 barrels per day. However, in investment, its value is admittedly lower than in 2016 due to the situation in world oil prices and the block, before the contract expires.

IN INDONESIAN

Maret, Total E&P Bor Enam Sumur Blok Mahakam

President & General Manager Total E&P Indonesie (TEPI) Arividya Novianto mengatakan pihaknya akan mengebor enam sumur di Blok Mahakam, Kalimantan Timur mulai Maret 2017. “Maret (mulai mengebor). Enam sumur oleh kita, setelah itu 19 sumur oleh Pertamina,” kata Novi. Ia datang ke Kementerian Koordinator Kemaritiman bersama President & GM Total E&P Indonesie sebelumnya, Hardy Pramono, menemui Menko Kemaritiman Luhut Binsar Panjaitan.

Namun, Novi mengaku pertemuan tersebut hanya membahas perkembangan proses transisi alih kelola Blok Mahakam dari kontraktor asal Prancis itu kepada PT Pertamina. ‘Kami mau ‘update’ saja soal transisi dengan Pertamina, kami mau ‘drilling’ dilakukan pengeboran) dan sebagainya,” jelasnya singkat. Saat ditanyai terkait tawaran hak pengelolaan maksimal 30% bersama Inpex Corporation, Novi mengaku hal itu belum diputuskan. Pasalnya, perusahaan masih fokus agar proses transisi alih kelola Blok Mahakam berjalan lancar.

Saat ini, TEPI selaku operator Blok Mahakam memiliki 50% hak partisipasi dan 50% lainnya dikuasai Inpex Corporation Ltd. “Belum (dibahas). Prioritas kami transisi berjalan lancar, baru kita masuk ke diskusi tersebut. Karena transisi ini lebih penting, supaya produksi Mahakam tidak anjlok,” ujarnya. TEPI akan mengakhiri kontraknya pada 31 Desember 2017, setelah hampir 50 tahun mengoperasikan Blok Mahakam. PT Pertamina Hulu Mahakam telah ditunjuk pemerintah sebagai operator baru per 1 Januari 2018.

Untuk proses transisi, TEPI telah Membentuk unit khusus pada Desember 2015 bernama Transition Mahakam Operatorship (TMO). Prioritas utama TEPI pada 2017 adalah menahan penurunan produksi dan memastikan proses transfer operator Blok Mahakam ke PT Pertamina dapat berlangsung mulus. Perusahaan itu menargetkan produksi gas 2017 mencapai 1.430 juta kaki kubik per hari (MMSCFD). Ada pun untuk produksi minyak mentah dan kondensat direncanakan sebesar 53.000 barel per hari. Namun, secara investasi, nilainya diakui memang lebih rendah dibandingkan 2016 karena situasi harga minyak dunia dan kontrak Blok Mahakam yang menjelang berakhir.

Investor Daily, Page-9, Thursday, Feb, 2, 2017

Total Still Review Participation in the Block Mahakam

PT Total E & P Indonesie still reviewing to participate in managing the Mahakam block before the transfer in management on 1 January 2018. The gas field is located in Kutai in East Kalimantan will be officially handed over to PT Pertamina Hulu Mahakam post ended the contract on December 31, 2017. "I always tell that we now priority in advance so that the transition goes smoothly. Then we discussions there, "said President and General Manager of Total E & P Indonesie Arividya Noviyanto at the Coordinating Ministry for maritime.

According to him, during this transition, it is still the focus of anticipating natural production decline in the Mahakam block. That's according to mutual agreement between the government of Pertamina. Total commitments correspond to the first quarter / 2017 continue to invest in the Mahakam block. This French company to drill six wells in March.

While Pertamina has invested to drill about 19 wells. He continued, Pertamina provide opportunities if Total is intent on contributing and participating developing Mahakam block. According to him, Pertamina opened the door to Total to discuss participation until the end of this year.

Through the Minister of Energy and Mineral Resources (ESDM) No 30/2016 in conjunction with the amendment of the production sharing contracts (production sharing contract / PSC) Mahakam block late last year, Pertamina was given permission to offer a 30% management rights to the contractors who have been there. However, Pertamina also allowed to partner with a new contractor.

Pertamina Upstream Director Syamsu Alam had earlier said the investment put in for keeping the Mahakam Block production is budgeted at USD 80 million. The initial investment will be used to drill 19 wells start to the second quarter of this year. The target time of transfer in management did not decline in production. We've agreed in 2018 did not go down much because it is difficult to raise again.

He hoped that the current transfer in management Mahakam Block gas production remained above 1 billion cubic feet (BCP). The production capacity of 1,747 MMSCFD of gas and 69 186 barrels of condensate per day (bpd). "We are working continuously with comrades in total so that the fears of a decline in production did not happen," he said.

Head of Public Relations Unit Special Upstream Oil and Gas (SKK Migas). Taslim Yunus said the government will speed up the entry of Pertamina in the transitional period of eight oil and gas blocks will end his contract. Management of oil and gas blocks that will be submitted to Pertamina.

For a number of blocks to be used for the scheme is the latest result of gross split. SKK Migas together with Pertamina still ensure no decline in production. After that Pertamina will be allowed to enter or invest early as in the Mahakam block.

IN INDONESIAN

Total Masih Review Keikutsertaan di Blok Mahakam

PT Total E&P Indonesie masih mengkaji partisipasi dalam mengelola Blok Mahakam menjelang alih kelola pada 1 Januari 2018. Ladang gas yang terletak di Kutai Kalimantan Timur tersebut secara resmi akan diserahkan kepada PT Pertamina Hulu Mahakam pasca berakhir kontrak pada 31 Desember 2017. ”Saya selalu sampaikan bahwa saat ini kita prioritas pada transisi terlebih dahulu supaya berjalan lancar. Setelah itu baru kita diskusi ke situ," ujar President and General Manager Total E&P Indonesie Arividya Noviyanto di Kementerian Koordinator Kemaritiman.

Menurutnya, pada masa transisi ini pihaknya masih fokus mengantisipasi penurunan produksi alami di Blok Mahakam. Hal itu sesuai kesepakatan bersama antara pemerintah dari Pertamina. Sesuai komitmen Total sampai kuartal I/ 2017 tetap melakukan investasi di Blok Mahakam. Perusahaan asal Prancis ini akan melakukan pengeboran enam sumur Maret mendatang. 

Sementara Pertamina telah berinvestasi akan melakukan pengeboran sebanyak 19 sumur. Dia melanjutkan, Pertamina memberi peluang jika Total berkeinginan ikut serta berpartisipasi mengembangkan Blok Mahakam. Menurut dia, Pertamina membuka pintu kepada Total untuk membicarakan keikutsertaan sampai akhir tahun ini.

Melalui Peraturan Menteri Energi dan Sumber Daya Mineral (ESDM) No 30/2016 bersamaan dengan amendemen kontrak bagi hasil (production Sharing contract / PSC) Blok Mahakam akhir tahun lalu, Pertamina diberikan izin untuk menawarkan 30% hak pengelolaan kepada kontraktor yang telah ada. Namun, Pertamina juga diperbolehkan bermitra dengan kontraktor baru. 

Direktur Hulu Pertamina Syamsu Alam sebelumnya mengatakan, investasi yang tanamkan untuk menjaga produksi Blok Mahakam dianggarkan sebesar USD 80 juta. Investasi awal tersebut akan digunakan untuk mengebor 19 sumur mulai kuartal II tahun ini. Targetnya saat alih kelola tidak terjadi penurunan produksi. Kami sudah sepakat pada 2018 tidak turun jauh karena sulit menaikkan lagi.

Dia berharap saat alih kelola produksi gas Blok Mahakam tetap di atas 1 miliar kaki kubik (BCP). Adapun kapasitas produksi gasnya sebesar 1.747 MMSCFD dan kondensat 69.186 barel per hari (bph). "Kami sedang bekerja terus dengan kawan-kawan di Total sehingga kekhawatiran penurunan produksi tidak terjadi,”katanya.

Kepala Bagian Humas Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas). Taslim Yunus mengatakan, pemerintah akan mempercepat masuknya Pertamina di dalam masa transisi delapan blok migas yang akan berakhir masa kontraknya. Pengelolaan blok-blok migas itu akan diserahkan kepada Pertamina.

Untuk sejumlah blok akan digunakan skema bagi hasil terbaru yaitu gross split . SKK Migas bersama Pertamina masih memastikan tidak ada penurunan produksi. Setelah itu Pertamina akan di izinkan masuk atau berinvestasi lebih awal seperti di Blok Mahakam.

Koran Sindo, Page-8, Thursday, 2, Feb, 2017

Total EP Not Want to Discuss Participation in Mahakam

PT Total E & P Indonesie has so far not provide certainty will also partner with PT Pertamina or not the post-2017 that the French company was focusing on the preparation of drilling. General Manager of Total E & P Indonesie Arividya Novianto said, in a transition period that the company will focus suppress the production decline. This is according to the agreement with the government and Pertamina are already investing in the Mahakam in transition. "About the transition road with Pertamina wants it, we have already started drilling in March that six wells, after which 19 wells with Pertamina," he said.

So far the Total E & P Indonesie still not provide assurance related to the solicitation Pertamina partner in managing the Mahakam block in Kutai, East Kalimantan. Though the contract by Total E & P Indonesie will expire on December 31, 2017. come. "It's still not. I have always said that our priority this transition goes smoothly, then we enter the discussion there (discussion stock), "he explained. Previous Pertamina has opened 30% stake to Total and Inpex.

He added, Pertamina, through its subsidiary, PT Pertamina Hulu Mahakam still show good faith by opening the doors to be able to discuss the continuation of the participation of Total E & P Indonesie. We are still studying. There is no specific target

IN INDONESIAN

Total EP Belum Mau Bahas Keikutsertaan di Mahakam

PT Total E&P Indonesie hingga saat ini belum memberikan kepastian akan ikut bermitra dengan PT Pertamina atau tidak pasca 2017. Perusahaan asal Prancis itu sedang fokus melakukan persiapan drilling. General Manager Total E&P Indonesie Arividya Novianto mengatakan, dalam masa transisi saat ini pihaknya akan fokus menekan decline produksi. lni sesuai kesepakatan bersama pemerintah serta Pertamina yang sudah berinvestasi di Mahakam pada masa transisi. “Tentang transisi yang mau jalan dengan Pertamina itu, kami sudah mulai drilling pada bulan Maret yang enam sumur, setelah itu 19 sumur dengan Pertamina,“ katanya.

Sejauh ini Total E&P Indonesie masih belum memberikan kepastian terkait ajakan Pertamina bermitra dalam mengelola Blok Mahakam di Kutai, Kalimantan Timur. Padahal kontrak Total E&P Indonesie akan berakhir pada 31 Desember 2017. mendatang. ”Itu masih belum. Saya selalu menyampaikan, kami prioritas transisi ini berjalan lancar, setelah itu kami masuk diskusi ke situ (pembahasan saham)," jelasnya. Sebelumnya Pertamina sudah membuka 30% saham untuk Total dan Inpex.

Dia menilai, Pertamina melalui anak usahanya, PT Pertamina Hulu Mahakam masih menunjukkan itikad baik dengan membuka pintu untuk bisa membahas kelanjutan dalam keikutsertaan Total E&P Indonesie. Kami masih mengkaji. Tidak ada target khusus.

Kontan, Page-14, Thursday, 2, Feb, 2017