Working on Natuna Block, Pertamina Forms a New Consortium

PT Pertamina formed a new consortium to continue the development of the East Natuna Block, following the departure of ExxonMobil as one of the existing consortium members. In his letter, ExxonMobil stated that the East Natuna Block development is not economical with the current condition.

Upstream Director of Pertamina Syamsu Alam said the company is unlikely to work on the development of East Natuna Block itself. Because the costs and risks to be borne by the company will be too big. Therefore, with ExxonMobil not continuing

Investment in the East Natuna Block, forming a new consortium to be one solution.

"Such a possibility [will form a new consortium]," he said in Jakarta, Tuesday (18/7).

He said it has not yet determined who the new partner will be selected who will participate in developing East Natuna Block. He also declined to state whether PTT Thailand will return to partner or not. PTT Thailand is also one of the company's partners in the existing consortium.

However, a number of international oil and gas companies are said to be interested in becoming Pertamina's partners.

"There are several IOC (international oil company) who are also interested to participate in developing the block," said Syamsu Alam.

Vice President of Public and Government Affairs of ExxonMobil Indonesia Erwin Maryoto stated that his side will not be involved in managing East Natuna Block. However, ExxonMobil remains committed to its operations in Indonesia and will continue to seek and assess new opportunities in Indonesia.

"After completing Technology and Market Review (TMR) and reviewing its findings, ExxonMobil no longer wishes to continue the discussion or further activities related to East Natuna," he said.

Erwin added that his side saw that the government had other considerations to develop East Natuna soon. Therefore, it does not want the plan to be delayed due to the current condition that does not allow ExxonMobil to participate in developing East Natuna.

Meanwhile, Director General of Oil and Gas of the Ministry of Energy and Mineral Resources (ESDM) I Gusti Nyoman Wiratmaja said that ExxonMobil has sent a letter to the Ministry. In the letter, ExxonMobil stated that from the results of the calculation, the development of the East Natuna Block is not economical if using the terms that exist today.

"We are discussing internally," he said. The government will also call ExxonMobil to request a detailed explanation of the contents of the letter. "Next week may be called," he added.

Nevertheless, still in the same letter, ExxonMobil is said to be willing to assist Indonesia in the development of the East Natuna Block. "In his letter Exxon clearly says they have technology and technical skills. If necessary, ready to help, "said Wiratmaja.

ExxonMobil will be able to supply the necessary technology or data. ExxonMobil is not the first company to step down from the East Natuna Block development. Initially, Pertamina took ExxonMobil, Total SA, and Petronas to work on this block. Then in 2012, Petronas declined from the consortium and was replaced by PTT Thailand.

Last year, Pertamina claimed that Total SA had withdrawn from the consortium. With the pullback of ExxonMobil, the Thailand PTT is the only surviving partner.

Wait for TMR

For the continuation of East Natuna Block in the future, Wiratmaja admits that he is still waiting for Technology and Market Review (TMR) which Pertamina and its partners make. Although Pertamina claims to have completed TMR, he admitted that he has not received his report officially.

"We wait, the sooner the better, the sooner the gas production from there [East Natuna Block]," he said.

Discussion on the implementation of cooperation contract of gross split scheme in East Natuna block also called waiting TMR. But according to the regulation, all new oil and gas contracts will use the gross split scheme contract

"Give us time next week, we invite all of them. Who knows TMR is done, "he said.

Related to the establishment of a new consortium for the development of the East Natuna Block, it stated also need further discussion. What is clear, the government has assigned the management of East Natuna Block to Pertamina. Furthermore, the company is allowed to cooperate with other oil and gas companies, including previous block manager ExxonMobil.

Syamsu Alam calls TMR East Natuna Block has been completed. TMR can be a reference in preparing the development of the block. "Of course TMR results are very useful to be used as a reference," he said.

As is known, TMR is required because of the characteristics of the East Natuna Block. The block gas reserves are estimated to be very large, reaching 222 trillion cubic feet. But the carbon dioxide content is also quite high, reaching 72%, so only 46 trillion cubic feet can be taken.

The government first appointed Pertamina to develop the Natuna D-Alpha Block in the Letter of the Minister of Energy and Mineral Resources No. 3588/11 / MEM / 2008 dated June 2, 2008 on Natuna D Alpha Gas Status (before being changed to East Natuna). Furthermore, at the beginning of this year, the government re-affirmed the assignment of East Natuna Block management to Pertamina.

After that, the Pertamina consortium and its partners signed the East Natuna Block principle of agreement on August 19, 2011. This challenge is intended to continue the preparation process of the cooperation contract. The POA that expires at the end of 2015 is then extended by 30 months due to unfinished TMR.

IN INDONESIA

Garap Blok Natuna, Pertamina Bentuk Konsorsium Baru

PT Pertamina membentuk konsorsium baru untuk melanjutkan pengembangan Blok East Natuna, menyusul hengkangnya ExxonMobil selaku salah satu anggota konsorsium eksisting. Dalam suratnya, ExxonMobil menyatakan pengembangan Blok East Natuna tidak ekonomis dengan kondisi saat ini.

Direktur Hulu Pertamina Syamsu Alam mengatakan, perseroan tidak mungkin mengerjakan pengembangan Blok East Natuna sendiri. Pasalnya biaya dan risiko yang harus ditanggung perseroan akan terlalu besar. Karenanya, dengan ExxonMobil tidak melanjutkan investasi di Blok East Natuna, membentuk konsorsium baru menjadi salah satu solusi. 

“Kemungkinan seperti itu [akan membentuk konsorsium baru] ,” kata dia di Jakarta, Selasa (18/7).

Dikatakannya, pihaknya belum menentukan siapa mitra baru yang dipilih yang akan ikut mengembangkan Blok East Natuna. Dia juga enggan menyatakan apakah PTT Thailand akan kembali menjadi mitra atau tidak. PTT Thailand juga merupakan salah satu mitra perseroan dalam konsorsium eksisting.

Namun, sejumlah perusahaan migas internasional disebutnya tertarik menjadi mitra Pertamina.

“Ada beberapa IOC (international oil company) yang juga tertarik untuk ikut mengembangkan blok tersebut,” kata Syamsu Alam.

Vice President Public and Government Affairs ExxonMobil Indonesia Erwin Maryoto menyatakan, pihaknya tidak akan terlibat lagi dalam pengelolaan Blok East Natuna. Meski demikian, ExxonMobil tetap berkomitmen pada operasinya di Indonesia serta akan terus mencari dan mengkaji peluang baru di Indonesia.

“Setelah menyelesaikan Technology and Market Review (TMR) dan mengkaji temuannya, ExxonMobil tidak lagi berkeinginan untuk meneruskan pembahasan atau kegiatan lebih lanjut terkait East Natuna,” kata dia.

Erwin menambahkan, pihaknya melihat bahwa pemerintah mempunyai pertimbangan lain untuk segera mengembangkan East Natuna. Karenanya, pihaknya tidak ingin rencana tersebut tertunda karena kondisi saat ini yang tidak memungkinkan ExxonMobil ikut mengembangkan East Natuna.

Sementara itu, Direktur Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral (ESDM) I Gusti Nyoman Wiratmaja menuturkan, ExxonMobil sudah mengirimkan surat kepada Kementerian. Dalam surat tersebut, ExxonMobil menyatakan bahwa dari hasil hitungannya, pengembangan Blok East Natuna tidak ekonomis jika menggunakan terms yang ada saat ini.

“Kami sedang membahas secara internal,” ujarnya.  Pemerintah juga akan memanggil ExxonMobil untuk meminta penjelasan rinci atas isi surat tersebut. “Minggu depan mungkin akan dipanggil ,” tambahnya.

Meski demikian, masih dalam surat yang sama, ExxonMobil disebutnya bersedia membantu Indonesia dalam pengembangan Blok East Natuna. “Di suratnya Exxon sangat jelas bilang mereka memiliki teknologi dan kemampuan teknis. Jika diperlukan, siap membantu,” ujar Wiratmaja. 

ExxonMobil nantinya bisa memasok teknologi atau data-data yang diperlukan. ExxonMobil bukan perusahaan pertama yang mundur dari pengembangan Blok East Natuna. Awalnya, Pertamina menggandeng ExxonMobil, Total SA, dan Petronas untuk menggarap blok ini. Kemudian pada 2012, Petronas menyatakan mundur dari konsorsium dan digantikan oleh PTT Thailand.

Selanjutnya pada tahun lalu, Pertamina mengklaim Total SA telah mundur dari konsorsium. Dengan mundurnya ExxonMobil, maka PTT Thailand menjadi satu-satunya mitra yang masih bertahan.

Tunggu TMR

Untuk kelanjutan pengerjaan Blok East Natuna ke depannya, Wiratmaja mengaku masih menunggu kajian tekonolgi dan pasar (technology and market review/TMR) yang dibuat Pertamina bersama mitranya. Meski Pertamina mengklaim telah merampungkan TMR, dirinya mengaku belum menerima laporannya secara resmi.  

"Kami tunggu, makin cepat makin baik, makin bisa segera produksi gas dari situ [Blok East Natuna],” kata dia. 

Pembahasan penerapan kontrak kerja sama skema bagi hasil kotor (gross split) di Blok East Natuna disebutnya juga menunggu TMR. Tetapi sesuai peraturan, seluruh kontrak migas baru akan menggunakan kontrak skema gross split   

“Beri kami waktu minggu depan, kami undang semuanya. Siapa tahu TMR sudah selesai,” ujarnya. 

Terkait pembentukan konsorsium baru untuk pengembangan Blok East Natuna, pihaknya menyatakan juga perlu pembahasan lebih lanjut. Yang jelas, pemerintah telah menugaskan pengelolaan Blok East Natuna kepada Pertamina. Selanjutnya, perseroan dibolehkan bekerja sama dengan perusahaan migas lain, termasuk pengelola blok sebelumnya yaitu ExxonMobil.

Syamsu Alam menyebut TMR Blok East Natuna telah selesai. TMR ini dapat menjadi acuan dalam menyusun pengembangan blok tersebut. "Tentu hasil TMR sangat bermanfaat untuk dijadikan acuan," tuturnya.

Seperti diketahui, TMR diperlukan karena karakteristik Blok East Natuna. Cadangan gas blok ini memang diperkirakan sangat besar, yakni mencapai 222 triliun kaki kubik. Namun kandungan karbondioksidanya juga cukup tinggi, yaitu mencapai 72%, sehingga hanya 46 triliun kaki kubik saja yang dapat diambil.

Pemerintah pertama kalinya secara resmi menunjuk Pertamina untuk mengembangkan Blok Natuna D-Alpha dalam Surat Menteri ESDM No 3588/11/MEM/2008 tertanggal 2 Juni 2008 tentang Status Gas Natuna D Alpha (sebelum berganti menjadi East Natuna). Selanjutnya, pada awal tahun ini, pemerintah kembali menegaskan penugasan pengelolaan Blok East Natuna kepada Pertamina.

Setelah itu, konsorsium Pertamina dan mitranya menandatangani prinsip - prinsip kesepakatan (principle of agreement/POA) Blok East Natuna pada 19 Agustus 2011. Penadantanganan ini dimaksudkan untuk melanjutkan proses persiapan kontrak kerja sama. POA yang berakhir pada akhir 2015 ini kemudian diperpanjang 30 bulan karena TMR belum selesai.

 Investor Daily, Page-9, Wednesday, July 19, 2017

Pertamina Asked to Find New Partners

The Ministry of Energy and Mineral Resources (ESDM) signaled Pertamina to seek partners to join the consortium of East Natuna Block operation. Director General of Oil and Gas at the Ministry of ESDM IGN Wiratmaja Puja said the government has given Pertamina authority to seek partners in the consortium. This is because Exxon intends to withdraw from the consortium post-economic count.

He said that currently there are several oil and gas companies that are also interested to be able to manage East Natuna Block.

"This is what Pertamina wants to discuss with the consortium with whom the government has been assigned to Pertamina and may cooperate with partners who are managers of the previous Working Area," said Wiratmaja at the ESDM office on Tuesday (18/7).

Wiratmaja explained, there are several options that can be taken Pertamina to be an ally in this consortium. Moreover, currently according to him, two consortium partners have their respective problems.

Exxon argues, the block is not economical, while PTT Exploration Thailand  until now still in having trouble with Montara. This is what makes the government let Pertamina to find partners in the consortium. Previously, Exxon mobile sent a letter to the EMR for the assessment. In response, Director General of Oil and Gas at the Ministry of Energy and Mineral Resources, IGN Wiratmaja Puja, said that they will review the opinion of Exxon.

"The contents of the letter Exxon states that East Natuna Block is not economical, but it is Exxon's previous review Exxon has a Working Area (WK) . In the letter, Exxon clearly says they have technology and technical capabilities, if needed to help Indonesia. The contents of the letter, "said Wiratmaja when met at the Office of the Ministry of Energy and Mineral Resources, Tuesday (18/7).

Wiratmaja said next week the government will meet with Exxon to discuss the East Natuna Block. But, before meeting the Ministry of Energy and Mineral Resources will conduct an internal review by calling Pertamina to present their TMR assessment results.

Earlier, Minister of ESDM Ignasius Jonan said, the Exxon sent a letter to the government related East Natuna Block. The letter was translated by Jonan that Exxon withdrew from the consortium of operation of East Natuna Block because it was considered uneconomical.

IN INDONESIA

Pertamina Diminta Cari Mitra Baru

Kementerian Energi dan Sumber Daya Mineral (ESDM) memberikan sinyal kepada Pertamina untuk bisa mencari mitra untuk bergabung dalam konsorsium pengoperasian Blok East Natuna. Direktur Jenderal Minyak dan Gas Kementerian ESDM IGN Wiratmaja Puja mengatakan, pemerintah sudah memberikan kewenangan kepada Pertamina untuk mencari mitra dalam konsorsium. Hal ini karena Exxon berniat mundur dari konsorsium pasca penghitungan keekonomian.

Ia menyatakan, saat ini ada beberapa perusahaan migas yang juga berminat untuk bisa mengelola Blok East Natuna. 

"Nanti ini yang perlu dibahas pertamina ingin konsorsium dengan siapa. Pemerintah sudah ada penugasan kepada pertamina dan boleh bekerja sama dengan partner yang pengelola Wilayah Kerja sebelumnya," ujar Wiratmaja di Kantor ESDM, Selasa (18/7).

Wiratmaja menjelaskan, ada beberapa pilihan yang bisa diambil Pertamina untuk bisa dijadikan sekutu dalam konsorsium ini. Apalagi, saat ini menurut dia, dua partner konsorsium memiliki masalah masing-masing.

Exxon berpendapat, blok tersebut tak ekonomis, sedangkan PTT Exploration Thailand sampai saat ini masih bermasalah dengan Montara. Hal tersebut yang membuat pemerintah membiarkan Pertamina untuk bisa mencari partner dalam konsorsium. Sebelumnya, Exxon mobile mengirimkan surat ke pihak ESDM atas penilaian tersebut. Menanggapi hal tersebut, Direktur Jenderal Minyak dan Gas Kementerian ESDM IGN Wiratmaja Puja mengatakan, akan mengkaji terlebih dahulu pendapat Exxon tersebut.

"Isi surat itu Exxon menyatakan bahwa Blok East Natuna tidak ekonomis. Tapi itu merupakan kajian Exxon yang dulu. Exxon punya Wilayah Kerja (WK). Di suratnya, Exxon sangat jelas mengatakan mereka memiliki teknologi dan kemampuan teknis, jika diperlukan siap membantu Indonesia. Itu isi suratnya," ujar Wiratmaja saat ditemui di Kantor Kementerian ESDM, Selasa (18/7).

Wiratmaja mengatakan pada pekan depan pihak pemerintah akan bertemu dengan Exxon untuk membahas terkait Blok East Natuna tersebut. Tapi, sebelum bertemu pihak Kementerian ESDM akan melakukan kajian internal dengan memanggil Pertamina untuk mempersentasikan hasil kajian TMR mereka.

Sebelumnya, Menteri ESDM Ignasius Jonan mengatakan, pihak Exxon mengirimkan surat kepada pemerintah terkait Blok East Natuna. Surat tersebut diterjemahkan Jonan bahwa Exxon mundur dari konsorsium pengoperasian blok east natuna karena dinilai tidak ekonomis.

Republika, Page-13, Wednesday, July 19, 2017

East Natuna gas block loses ExxonMobil

The government’s ambition to conclude a technology and market review for the gas-rich East Natuna block may have hit a snag with a member of the current consortium deciding to step out of the negotiations. 

The consortium is led by state owned oil and gas giant Pertamina, with Thailand’s oil and gas exploration and production firm PTTEP and the local unit of United States oil and gas firm Exxork Mobil as the members.

However, the latter has sent a letter to the Energy and Mineral Resources Ministry confirming its decision to bow out of the on going negotiations. The ministry’s oil and gas director general IGN Wiratmaja Puja confirmed that ExxonMobil Indonesia had stated that based on its previous studies, it was economically unfeasible to develop the East Natuna block under the current terms and conditions.

However, ExxonMobil had also stated it was ready to assist the Indonesian government as the firm had the technology and technical skills needed, Wiratmaja said.

“ExxonMobil claims that the block has already exceeded its expiration date and also that it is economically unfeasible under the current terms,” he told reporters on Tuesday

ExxonMobil’s previous studies concluded that with the block’s characteristics, the contractors would have to sell the block’s gas at between US$10 and $15 per million British thermal unit (mmbtu), whereas the government is currently trying to cut gas prices down to $ 6 per million British thermal unit (mmbtu).

ExxonMobil Indonesia’s vice president for public and government affairs, Erwin Maryoto, confirmed that it wished to leave the consortium, but it expressed its commitment to continue seeking and evaluating new opportunities in Indonesia.

“Having completed the technology and market review and evaluated the results, ExxonMobil no longer wishes to continue further discussions or activities involving the East Natuna area,” he said in a statement obtained by The Jakarta Post.

ExxonMobil’s exit followed in the footsteps of two other former consortium members Malaysia’s Petronas and France’s Total. First discovered in the 1970s, the East Natuna block - formerly known as D-Alpha - is located in Riau Islands. With total proven reserves of 46 trillion cubic feet (tcf) of gas, it is considered to have one of Asia’s largest reserves. 

However, the field has a high carbon dioxide (CO2) level of 72 percent, the highest of all exploitation fields globally, which necessitates advanced technologf to maximize extraction. The process is estimated to require between $20 billion and $40 billion.

Previously, a government-commissioned study showed that East Natuna would only be economically feasible if future contractors obtained 100 percent of the profits, leaving the government only to reap revenues from taxes.

However, the calculation was based on the assumption that the block would operate under the government’s reimbursement scheme, known as cost recovery. The block is characterized as a marginal field for several reasons, such as a drop in global oil prices, a lack of proper technologf in the area, its remote location and a lack of supporting research. However, Pertamina does not seem rufiied by ExxonMobil’s exit.

The firm’s upstream director Syamsu Alam acknowledged that it would be impossible for Pertamina to develop the gas block on its own because of its marginal properties, but added that “there are already several IOC [international oil companies] that have expressed interest in developing that block.”

Jakarta Post, Page-13, Wednesday, July 19, 2017

PGN Achieves International Awards on 2016 Annual Report

PT Perusahaan Gas Negara Tbk (PGN) has won an international award for its 2016 annual report. PGN ranked first in the 2016 Vision Award category in the Annual Report Competition organized by the League of American Communication Professional (LACP). 

    In the 2016 annual report, the largest gas company in Indonesia has a theme "When a Pipeline Is Not Just a Pipeline?". The total score given on the annual report reached 99 out of the total score of 100. The Vision Award consists of two categories: gas utilities and energy categories.

PGN ranked first in terms of annual reports beating big companies. In 2015 before, the first rank was occupied by Daimler company followed by General Motors where PGN only occupies position 14.

     The award was awarded on the basis of an assessment by a communications science expert who worked with LACP PGN to achieve the highest score in various criteria such as first impression (30 out of 30); Report cover (10 out of 10); Letter to stakeholders (10 out of 10); Report narrative (10 out of 10); Report financials (10 out of 10); Creativity (10 out of 10); Message clarity (9 of 10); Information accessibility (10 of 10) with Total score of 99 out of 100.

PGN has previously won this awards in 2012. After successfully shifting other government-owned companies such as Garuda Indonesia who ever won it in 2010/2011. Corporate Secretary of PT Perusahaan Gas Negara Tbk (PGN), Rachmat Hutama, welcomed the results achieved by the company. According to him, the award is a very proud achievement for state-owned companies and bring the good name of Indonesia.

The award shows the positive results of the communication program and Good Corporate Governance that always done company.

"This award is a form of recognition of PGN's Good Corporate Governance (GCG) implementation commitment that is consistently implemented with accountability and transparency," said Rachmat, in Jakarta, Tuesday (18/7).

"We will not be complacent, but will continue to be consistent to provide transparent financial statements in accordance with international standards," said Rachmat.

Other international companies participating in the competition include Exxon Mobile, Chevron, Coca-Cola, Disney, Ford Motors and more.

The Vision Award is part of the 2016 Vision Awards Annual Report Competition where more than 5000 annual reports have been submitted by more than 800 institutions / companies from 24 countries, including 500 global corporations ranked by Fortune Magazine (Fortune 500 Global).

The League of Professional Communications America LLC aka LACP itself was founded in 2001 to create a forum in the public relations industry that facilitates discussion of best practices in its class.

IN INDONESIA

PGN Raih International Awards Atas Laporan Tahunan 2016

PT Perusahaan Gas Negara Tbk (PGN) berhasil meraih penghargaan tingkat internasional atas laporan tahunan 2016. PGN meraih peringkat pertama dalam kategori 2016 Vision Award dalam Annual Report Competition yang diselenggarakan oleh League of American Communication Professional (LACP). 

     Dalam laporan tahunan 2016, perusahaan gas terbesar di Indonesia ini mengangkat tema “When a Pipeline Is Not Just a Pipeline?”. Total nilai yang diberikan atas laporan tahunan tersebut mencapai 99 dari total skor 100. Penghargaan Vision Award tersebut terdiri dari 2 kategori yakni utilitas gas dan kategori energi.

PGN masuk peringkat pertama dalam hal laporan tahunan mengalahkan perusahaan-perusahaan besar. Tahun 2015 sebelumnya, peringkat pertama diduduki oleh perusahaan Daimler disusul oleh General Motors di mana PGN hanya menempati posisi 14.

    Penghargaan itu diberikan berdasar penilaian oleh pakar ilmu komunikasi yang bekerja sama dengan LACP PGN pun meraih nilai tertinggi dalam berbagai kriteria seperti : first impression (30 dari 30); report cover (10 dari 10); letter to stakeholders (10 dari 10); report narrative (10 dari 10); report financials (10 dari 10); creativity (10 dari 10); message clarity (9 dari 10); information accessibility (10 dari 10) dengan total perolehan nilai 99 dari 100.

PGN sebelumnya telah memenangi awards ini pada tahun 2012 lalu. Setelah berhasil menggeser perusahaan milik pemerintah lainnya seperti Garuda Indonesia yang pernah memenanginya pada tahun 2010/2011. Sekretaris Perusahaan PT Perusahaan Gas Negara Tbk (PGN) Rachmat Hutama, menyambut baik hasil yang telah diraih perusahaan. 

    Menurutnya, penghargaan tersebut merupakan suatu prestasi yang sangat membanggakan bagi perusahaan BUMN dan membawa nama baik Indonesia. 

Penghargaan tersebut menunjukan hasil yang positif dari program komunikasi serta Good Corporate Governance yang selalu dilakukan perusahaan.

“Awards ini merupakan bentuk pengakuan atas komitmen pelaksanaan Good Corporate Governence (GCG) PGN yang dilaksanakan secara konsisten dengan akuntabel dan transparan,” ujar Rachmat, di Jakarta, Selasa (18/7).

“Kami tidak akan berpuas diri, namun akan terus konsisten untuk tetap memberikan transparasi laporan keuangan sesuai dengan standar internasional,” kata Rachmat.

Perusahaan berskala internasional lainnya yang ikut dalam kompetisi tersebut seperti Exxon Mobile, Chevron, Coca-Cola, Disney, Ford Motors dan masih banyak lagi.

Vision Award merupakan bagian dari 2016 Vision Awards Annual report Competition dimana lebih dari 5000 laporan tahunan telah diajukan oleh lebih 800 institusi/perusahaan dari 24 negara, termasuk 500 perusahaan besar dunia yang diranking oleh Majalah Fortune (Fortune 500 Global).

Liga Profesional Komunikasi Amerika LLC alias LACP sendiri didirikan pada tahun 2001 untuk menciptakan forum dalam industri hubungan masyarakat yang memfasilitasi diskusi tentang praktik terbaik di kelasnya.

Investor Daily, Page-9, Wednesday, July 19, 2017

This Year Pertamina Drill 15 Wells Mahakam Block

PT Pertamina as the new operator in 2018, began drilling one well in the Mahakam block on Monday (17/7) yesterday. This year, the company will drill a maximum of 15 wells.

He said, according to the work program 2017, it will drill 14-15 wells in the Mahakam Block. This drilling is targeted for completion by the end of this year. Drilling of one well is estimated to take about 12 days. Once completed, the company will continue drilling the next well. Furthermore, oil and gas production from these wells will begin to flow next year.

"He opened the well on January 1, 2018," he said.

Senior Vice President of Strategic Planning and Operation Evaluation Meidawati added that the company's first well drilled well was Tunu Wells 74. The cost required for drilling the well was approximately US $ 8-9 million depending on work and depth.

"In Mahakam has drilled a well, its name is Well Tunu 74," her said.

The drilling of the well can be done after the signing of Bridging Agreement (BA) and Funding Agreement (FA) by Pertamina and Total E & P Indonesie and Inpex Corporation. The agreement has also been approved by the Special Unit for Upstream Oil and Gas Business Activities (SKK Migas).

The bridging agreement stipulates the implementation of Total Operations, as an existing operator in 2017 for the interests of PT Pertamina Hulu Mahakam. Meanwhile, the funding agreement stipulates the financing mechanism of CMF for Total Operations conducted in accordance with BA. Previously, it was known that Pertamina had signed a new Mahakam Bloc contract starting from 1 January 2018 at the end of 2015.

Under the contract, the company promised a signature bonus of US $ 41 million. In addition, state revenues from production bonuses include US $ 5 million from a cumulative production of 500 million barrels of oil equivalent, of US $ 4 million from a cumulative production of 750 million barrels of oil equivalent, and US $ 4 million from a cumulative production of 1,000 million barrels of oil equivalent.

IN INDONESIA

Tahun Ini Pertamina Mengebor 15 Sumur Blok Mahakam

PT Pertamina sebagai operator baru pada 2018, mulai pengeboran satu sumur di Blok Mahakam pada Senin (17/ 7) kemarin. Tahun ini, perseroan akan mengebor maksimal 15 sumur. 

Dikatakannya, sesuai program kerja 2017, pihaknya akan mengebor 14-15 sumur di Blok Mahakam. Pengeboran ini ditargetkan selesai seluruh pada akhir tahun ini. Pengeboran satu sumur diperkirakan akan memerlukan waktu sekitar 12 hari. Setelah selesai, perseroan akan melanjutkan pengeboran sumur berikutnya. Selanjutnya, produksi migas dari sumur-sumur ini akan mulai dialirkan pada tahun depan. 

“Dibukanya sumur pada 1 Januari 2018,” ujarnya. 

Senior Vice President Strategic Planning and Operation Evaluation Meidawati menambahkan, nama sumur pertama yang dibor perseroan ini yakni Sumur Tunu 74. Biaya yang dibutuhkan untuk pengeboran sumur ini kurang lebih sekitar US$ 8-9 juta tergantung pekerjaan dan kedalamannya.

“Di Mahakam sudah mengebor satu sumur, namanya Sumur Tunu 74,”

Pemboran sumur itu dapat dilakukan setelah ditekennya Bridging Agreement (BA) dan Funding Agreement (FA) oleh Pertamina dan Total E&P Indonesie serta Inpex Corporation. Kesepakatan tersebut juga sudah disetujui oleh Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas).

Ketentuan bridging agreement tersebut mengatur tentang pelaksanaan kegiatan operasi yang dilakukan Total, sebagai operator eksisting pada 2017 untuk kepentingan PT Pertamina Hulu Mahakam. Adapun, funding agreement mengatur tentang mekanisme pembiayaan PHM atas kegiatan operasi yang dilakukan Total sesuai dengan BA. Sebelumnya, seperti diketahui Pertamina telah meneken 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. Selain itu juga penerimaan negara dari bonus produksi meliputi US$ 5 juta dari kumulatif produksi 500 juta barel setara minyak, sebesar US$ 4 juta dari kumulatif produksi 750 juta barel setara minyak, dan US$ 4 juta dari kumulatif produksi 1.000 juta barel setara minyak.

Investor Daily, Page-9, Wednesday, July 19, 2017

Uneconomic, Exxon goes from East Natuna

Pertamina will form a new consortium in East Natuna Block

Esso Natuna Ltd, a subsidiary of ExxonMobil has finally chosen to resign from the management of the East Natuna Block. Blocks with super jumbo gas capacity is indeed full of uncertainty since it was discovered in 1973 ago.

Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM) I Gusti Nyoman Wiratinaja Puja said Exxon had sent a letter to the ESDM Ministry on East Natuna Block. Currently, his side is discussing inetrnal.

"Exxon said that the contract has been exhausted and Exxon also said it is not okonomic with the existing terms," ​​said Wiratmaja, Tuesday (18/7).

For information, ExxonMobil entered as a consortium led by PT Pertamina. In addition to Exxon, there is also a Thai oil and gas company, PTT Exploration and Production (EP) Thailand. Wiratmaja said the reason Exxon said East Natuna Block is not economical because it uses an old study on the management of the block. Whereas Exxon very clearly states have the technology and capabilities.

"Exxon has an exploration block and if needed, it is ready to help Indonesia," said Wiratmaja.

With the resignation of Exxon from East Natuna Block, the government will discuss about Pertamina's next partner. Pertamina is authorized to seek new partners in the management of the Block.

"For East Natuna, there are quite a lot of interest, we have assigned Pertamina to find partners," he said.

Vice President of Public and Government Affairs of Exxon Mobil Indonesia Erwin Maryoto said, after completing the technical and marketing review or Technology and Market Review (TMR) and reviewing its findings, ExxonMobil no longer wishes to continue the discussion or further activities related to East Natuna. Despite retreat from the East Natuna Block, ExxonMobil remains committed to ExxonMobil's operations in Indonesia.

"We will also continue to seek and review new opportunities in Indonesia," he explained

Meanwhile, Afiat Djajanegara, General Manager of PTT EP Thailand, said that after hearing ExxonMobil backed down, his side is still doing an internal evaluation.

"So far there has been no decision from top management," he said.

Meanwhile, Pertamina will discuss internally and with the Ministry of Energy and Mineral Resources. Upstream Director of Pertamina Syamsu Alam explained that his party is likely to form a new consortium for East Natuna Block. 

     According to him, there are currently some companies that are interested to join the block. When confirmed about the news of Petrochina's entry, Syamsu refused to answer. He just explained, technical and marketing studies are done.

IN INDONESIA

Tidak Ekonomis, Exxon Pamit dari East Natuna

Pertamina akan membentuk konsorsium baru di Blok East Natuna

Esso Natuna Ltd, anak usaha ExxonMobil akhirnya memilih mundur dari pengelolaan Blok East Natuna. Blok dengan kapasitas gas super jumbo ini memang penuh ketidakpastian sejak ditemukan tahun 1973 silam.

Direktur Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumbor Daya Mineral (ESDM) I Gusti Nyoman Wiratinaja Puja mengatakan, Exxon sudah mengirimkan Surat kepada Kementerian ESDM tentang Blok East Natuna. Saat ini pihaknya sedang membahas secara inetrnal.

"Exxon mengaku sudah habis kontrak bloknya. Exxon juga bilang saat ini tidak okonomis dengan terms yang ada," kata Wiratmaja, Selasa (18/7).

Sebagai informasi, ExxonMobil masuk sebagai konsorsium yang dipimpin oleh PT Pertamina. Selain Exxon, ada juga perusahaan migas asal Thailand, yaitu PTT Exploration and Production (EP) Thailand. Wiratmaja bilang alasan Exxon menyatakan Blok East Natuna tidak ekonomis karena memakai kajian lama pada pengelolaan blok tersebut. Padahal Exxon sangat jelas menyatakan memiliki teknologi dan kemampuan. 

"Exxon punya blok eksplorasi dan jika diperlukan siap membantu Indonesia. Itu isi suratnya," ungkap Wiratmaja.

Dengan mundurnya Exxon dari Blok East Natuna, pemerintah akan membahas mengenai mitra Pertamina selanjutnya. Pertamina diberikan wewenang mencari mitra baru dalam pengelolaan Blok tersebut. 

"Untuk East Natuna, ada cukup banyak yang berminat. Kita sudah menugaskan Pertamina mencari partner," ungkapnya. 

Vice President Public and Goverment Affairs Exxon Mobil Indonesia Erwin Maryoto menyebutkan, setelah menyelesaikan kajian teknis dan pemasaran atau Technology and Market Review (TMR) dan mengkaji temuannya, ExxonMobil tidak lagi berkeinginan meneruskan pembahasan atau kegiatan lebih lanjut terkait East Natuna tersebut. Meskipun mundur dari Blok East Natuna, ExxonMobil masih tetap berkomitmen pada operasi ExxonMobil di Indonesia. 

"Kami juga akan terus mencari dan mengkaji peluang baru di Indonesia," terangnya 

Sementara itu, Afiat Djajanegara, General Manager PTT EP Thailand, mengungkapkan, setelah mendengar ExxonMobil mundur, pihaknya masih melakukan evaluasi secara internal. 

"Sejauh ini belum ada keputusan dari top management," ungkap dia.

Sedangkan Pertamina akan membicarakan secara internal maupun dengan Kementerian ESDM. Direktur Hulu Pertamina Syamsu Alam menjelaskan, pihaknya kemungkinan besar akan membentuk konsorsium baru untuk Blok East Natuna. Menurut dia, saat ini sudah ada beberapa perusahaan yang berminat untuk bergabung ke blok tersebut. 

   

   Ketika dikonfirmasi terkait kabar masuknya Petrochina, Syamsu tidak bersedia menjawab. Ia hanya menjelaskan, kajian teknis dan pemasaran sudah selesai.

Kontan, Page-14, Wednesday, July 19, 2017

Pertamina Drill in Mahakam

Transition period of oil and gas block

PT Pertamina started drilling one well which is the first drilling in transition period of Mahakam Block management from Total E & P Indonesian to the state-owned oil and gas company. Upstream Director of Pertamina Syamsu Alam said the company started drilling activities on Monday (17/7). The well is one of 14 wells to be completed this year.

This drilling activity relies on previous activities derived from Total's investment as an existing operator completed in March 2017. He hopes that with this effort, gas production in Mahakam Block can still survive at the level of about 1,400 million cubic feet per day (MMscfd).

Pertamina's activities in the transition period in accordance with the agreement with Total to maintain production because it is feared that the operator's transition process on the block which will end its contract on December 31, 2017 has a negative impact on the Mahakam block production.

Based on data from SKK Migas, Mahakam Block operated by Total E & P Indonesie, its gas production until June 2017 reaches 105% or 1,504 MMscfd of gas higher than target of 1,430 MMscfd. Mahakam gas production contributes 20% to national gas production which reaches 7.512 MMscfd.

Actual production of oil / condensate was 55,100 barrels per day (bpd) or 103% higher than the target of 53,600 bpd. "Just drilled earlier, one well," he said on Monday (17/7).

He mentioned that the work of one well would take 12 days. After that, drilling activities move to another location that has been predetermined. The Company allocated US $ 160 million for the cost of drilling 14 wells in Mahakam during the transition period.

     From data of SKK Migas, in 2017, Total will drill 25 wells, 158 reprocesses and 6,820 wells. In 2016, drilling was done 41 wells, re-working 147 wells and care for 7,339 wells.

IN INDONESIA

MASA TRANSISI BLOK MIGAS

Pertamina Mengebor di Mahakam

PT Pertamina mulai mengebor satu sumur yang merupakan pengeboran pertama di masa transisi pengelolaan Blok Mahakam dari Total E&P lndonesie ke perusahaan BUMN migas tersebut. Direktur Hulu Pertamina Syamsu Alam mengatakan, perseroan memulai kegiatan pengeboran pada Senin (17/7) . Adapun sumur tersebut merupakan satu di antara 14 sumur yang akan diselesaikan pada tahun ini.

Kegiatan pengeboran ini menyambung kegiatan sebelumnya yang berasal dari investasi Total sebagai operator existing telah diselesaikan pada Maret 2017. Dia berharap agar dengan upaya tersebut produksi gas di Blok Mahakam masih bisa bertahan pada level sekitar 1.400 juta kaki kubik per hari (MMscfd).

Kegiatan Pertamina di masa transisi sesuai dengan kesepakatan dengan Total untuk menjaga produksi karena dikhawatirkan proses transisi operator pada blok yang akan berakhir masa kontraknya pada 31 Desember 2017 itu berdampak negatif terhadap produksi Blok Mahakam.

Berdasarkan data SKK Migas, Blok Mahakam yang dioperasikan Total E&P Indonesie, realisasi produksi gasnya hingga Juni 2017 mencapai 105% atau 1.504 MMscfd gas yang lebih tinggi dari target yakni 1.430 MMscfd. Produksi gas Mahakam berkontribusi 20% terhadap produksi gas nasional yang mencapai 7.512 MMscfd.

Realisasi produksi minyak/kondensat sebesar 55.100 barel per hari (bph) atau lebih tinggi 103% dari target 53.600 bph. “Baru saja mengeboran tadi, satu sumur,” ujarnya, Senin (17/7).

Dia menyebut bahwa pengerjaan satu sumur akan membutuhkan waktu selama 12 hari. Setelah itu, kegiatan pengeboran beralih ke lokasi lain yang telah ditentukan sebelumnya. Perseroan mengalokasikan US$ 160 juta untuk biaya kegiatan pengeboran 14 sumur di Mahakam selama masa transisi. 

      Dari data SKK Migas, pada 2017, Total akan mengebor 25 sumur, 158 kerja ulang dan perawatan 6.820 sumur. Pada 2016, pengeboran dilakukan 41 sumur, kerja ulang 147 sumur dan perawatan atas 7.339 sumur.

Bisnis Indonesia, Page-30, Wednesday, July 19, 2017

JOB PPEJ Give Education Media Crew for Entrepreneurship

In order to raise the spirit of journalists in Bojonegoro to develop business outside the profession as a journalist. Joint Operating Body of Pertamina Petrochina East Java (JOB PPEJ) held Media 2017 themed entrepreneurship or entrepreneurship in one of the restaurants of Pemuda Bojonegoro street yesterday (18/7).

Activities with the theme Entrepreneurship or Entrepreneurship presents speakers, Ir. Bagus A. Lesmana Lecturer of Ciputra University, Grendra Sri Bhismajurnalis who is also a coffee shop businessman.

On occasion, there were also representatives from Special Unit for Upstream Oil and Gas Activities (SKK Migas), Media Relation SKK Migas Suhendra Atmaja, Field Admin Superintendent JOB-PPEJ Akbar Pradima, and Dwi Eko Lokononto from beritajatimcom, Media Relation SKK Migas Suhendra Atmaja said, understanding of oil and gas journalism can not be separated from the notion of journalism in general.

But need to be understood, the profession as a journalist also have other opportunities such as entrepreneurship.

"I used to be a reporter in one of the television stations, but now it is a media relation, but it can be done without leaving journalism," said Suhendra.

JOB PPEJ encourages journalists in Bojonegoro to start a business or entrepreneurship as a sideline to sustain life to meet the needs of the family other than as a journalist.

"This medium of media education is a good moment to share experiences in entrepreneurship," said Field Admin Superintendent JOB PPEJ, Akbar Pradima.

Akbar also explained that this time education is not only to improve journalist communication with oil and gas company, but it is expected to add insight in the entrepreneurship sector which will undoubtedly increase the income of journalists.

In the education which was attended by dozens of journalists in Bojonegoro also featured resource practitioners of export in Surabaya Bagus Andris Lesmana who is also an outstanding lecturer.

"There is an opinion if you want to be rich do not be a journalist but a media entrepreneur," said moderator of media education Dwi Eko Lokononto of online media beritajatim.

On the occasion, all journalists who participated in the event were invited to simulate to design the business by determining the product of goods and how to market it.

IN INDONESIA

JOB PPEJ Berikan Edukasi Awak Media untuk Berwirausaha

Dalam rangka membangkitkan semangat wartawan di Kabupaten Bojonegoro untuk mengembangkan bisnis diluar profesi sebagai jurnalis. Joint Operating Body Pertamina Petrochina East Java (JOB PPEJ) menggelar Edukasi Media 2017 bertema Enterpreneur atau Kewirausahaan di salah satu rumah makan jalan Pemuda Bojonegoro, kemarin (18/7).

Kegiatan dengan tema Enterpreneur atau Kewirausahaan tersebut menghadirkan pemateri, Ir. Bagus A. Lesmana Dosen Luar Biasa Universitas Ciputra, Grendra Sri Bhismajurnalis yang juga pengusaha warung kopi.

Pada kesempatan tersebut hadir juga perwakilan dari Satuan Kerja Khusus Pelaksana Kegiatan Hulu Minyak dan Gas Bumi (SKK Migas), Media Relation SKK Migas Suhendra Atmaja, Field Admin Superintenden JOB-PPEJ Akbar Pradima, dan Dwi Eko Lokononto dari beritajatimcom, Media Relation SKK Migas Suhendra Atmaja mengatakan, pengertian jurnalisme migas tentu tidak terlepas dari pengertian jurnalisme pada umumnya. 

Namun perlu dipahami, profesi sebagai jurnalis juga punya peluang lain seperti wirausaha. 

"Dulu saya aktif menjadi reporter di salah satu stasiun televisi, tapi sekarang menjadi media relation. Itu contoh saja? namun usaha lain juga bisa dilakukan tanpa meninggalkan jurnalisme," ujar Suhendra.

JOB PPEJ mendorong kepada para jurnalis di Bojonegoro ini untuk memulai membuka usaha atau Berwirausaha sebagai sampingan untuk menopang hidup memenuhi kebutuhan keluarga selain sebagai jurnalis. 

"Giat edukasi media kali ini menjadi momen yang baik bertukar pengalaman dalam wirausaha," kata Field Admin Superintenden JOB PPEJ, Akbar Pradima.

Akbar juga menjelaskan edukasi kali ini tidak hanya untuk meningkatkan komunikasi jurnalis dengan perusahaan Migas, akan tetapi diharapkan dapat menambah wawasan dalam sektor wirausaha yang tidak dipungkiri nantinya bisa menambah pendapatan jurnalis.

Dalam edukasi yang diikuti puluhan wartawan di Bojonegoro juga menampilkan nara sumber praktisi ekspor di Surabaya Bagus Andris Lesmana yang juga dosen luar biasa. 

"Memang ada pendapat kalau ingin kaya jangan jadi wartawan tapi jadi pengusaha media," kata moderator edukasi media Dwi Eko Lokononto dari media online beritajatim.

Dalam kesempatan tersebut, seluruh wartawan yang ikut acara diajak melakukan simulasi untuk merancang bisnis dengan menentukan produk barang dan cara memasarkannya.

Bhirawa, Page-8, Wednesday, July 19, 2017

Pertamina Supply LNG to Ambon

Until the first time LNG shipments to the eastern region of Indonesia It was done as an effort to realize the distribution of distribution and diversification of energy throughout the region. PT Pertamina through its affiliate, PT Pertagas Niaga (PTGN), sends liquified natural gas (LNG) to Kota Ambon, Maluku, the initial delivery as an effort to increase distribution and diversification of energy

"One of the government's current drives is the equitable distribution of energy. This step of LNG delivery is a real action to make it happen. If the speech is positive, we will expand the supply of LNG to other parts of Eastern Indonesia, "explained the Director Main PTGN Linda Sunarti

According to her, this is the first time LNG shipments have been made to the eastern region of Indonesia as a means of equitable distribution and diversilation of energy. LNG consumers there are Ambon City Center shopping centers that utilize LNG for generator plants and as air conditioners.

The LNG is supplied from Chevron IDD Bangka KKKS located in Bontang, East Kalimantan. Through PTGN's partnership with its partner, PT Aico Energy, LNG is then shipped by General Cargo Meratus from Kariangau Container Port, Balikapan, to Yos Sudarso Port, Ambon.

Each time the ships carry four LNG ISO tanks with a capacity of about 1,600 mmbtu which is predicted to be able to meet the needs of shopping centers up to eight days.

The first LNG utilization trials have been conducted earlier this month and continue to date. Linda is optimistic LNG supply to eastern Indonesia will stimulate the growth of industry. Previously PTGN has pioneered LNG trading through ISO tank trucking in East Kalimantan and North Sumatra to meet the needs of various industries and PLTG.

Furthermore, the expansion of LNG shipments is also conducted to Java and Bali to supply gas needs, especially to industries whose territories do not have gas pipeline facilities.

World player

Meanwhile, PT Pertamina Lubricants, a subsidiary of PT Pertamina, which manages automotive and industrial lubricants and base oil domestically and internationally, is projected to become a global player in the lubricant industry and into the top 15 in the world by 2020. To achieve the target, Seeks to expand the market, both domestically and internationally and improve product quality.

President Director of PT Pertamina Lubricants Afandi said that the company's performance is supported by human capital, technology knowledge, production facility and qualified R & D. The Company has three factories in Indonesia as well as distribution network and various product variants which are intended for various industrial segments and Pertamina Lubricants products are ensured to fulfill Needs of the industry.

Afandi explains the industrial market is a potential market that continues to be the target company. Moreover, this year, some of the previously lethargic industry began to wriggle up

IN INDONESIA

Pertamina Pasok LNG ke Ambon

Untak pertama kalinya pengiriman LNG dilakukan ke wilayah timur Indonesia Hal itu dilakukan sebagai upaya mewujudkan pemerataan distribusi dan diversifikasi energi ke seluruh wilayah. PT Pertamina melalui afiliasinya, PT Pertagas Niaga (PTGN), mengirimkan liquified natural gas (LNG) ke Kota Ambon, Maluku, Pengiriman perdana itu sebagai wujud upaya pemerataan distribusi dan diversifikasi energi

“Salah satu yang didorong pemerintah saat ini ialah pemerataan distribusi energi. Langkah pengiriman LNG ini tindakan nyata untuk merealisasikannya. Apabila sambutannya positif, kami akan memperluas suplai LNG ke wilayah Indonesia Timur lainnya,” jelas Direktur Utama PTGN Linda Sunarti 

Menurut dia, ini pertama kalinya pengiriman LNG dilakukan ke wilayah timur Indonesia sebagai wujud upaya pemerataan distribusi dan diversilikasi energi. Konsumen LNG di sana ialah pusat perbelanjaan Ambon City Center yang memanfaatkan LNG untuk pembangkit generator dan sebagai pendingin udara.

LNG itu disuplai dari KKKS Chevron IDD Bangka yang berada di Bontang, Kalimantan Timur. Melalui kerja sama PTGN dengan mitranya, PT Aico Energi, LNG selanjutnya dikirim dengan menggunakan kapal General Cargo Meratus dari Pelabuhan Peti Kemas Kariangau, Balikapan, menuju Pelabuhan Yos Sudarso, Ambon.

Tiap kali pengirirnan, kapal membawa empat ISO tank LNG dengan kapasitas sekitar 1.600 mmbtu yang diprediksi akan mampu memenuhi kebutuhan pusat perbelanjaan hingga delapan hari.

Uji coba pemanfaatan LNG pertama telah dilakukan awal bulan dan terus berlanjut hingga saat ini. Linda optimistis suplai LNG ke timur Indonesia ini akan merangsang tumbuhnya industri. Sebelumnya PTGN telah mempelopori niaga LNG melalui trucking ISO tank di wilayah Kalimantan Timur dan Sumatra Utara untuk memenuhi kebutuhan berbagai industri dan PLTG.

Selanjutnya ekspansi pengiriman LNG juga dilakukan ke Pulau Jawa dan Bali untuk menyuplai kebutuhan gas khususnya ke industri-industri yang wilayahnya belum memiliki fasilitas jaringan pipa gas.

Pemain dunia

Sementara itu, PT Pertamina Lubricants, anak perusabaan PT Pertamina yang mengelola usaha pelumas otomotif dan industri serta base oil pasar domestik dan internasional, memproyeksikan menjadi pemain global di industri pelumas dan masuk ke posisi 15 besar dunia pad 2020. Untuk mencapai target tersebut, perusahaan terus berupaya untuk memperluas pasar, baik domestik maupun internasional dan meningkatkan kualitas produk.

Direktur Utama PT Pertamina Lubricants Afandi mengatakan kinerja perseroan ditunjang dengan sumber daya human capital, technology knowledge, production facility dan R&D yang mumpuni. 

    Perusahaan memiliki tiga pabrik di Indonesia serta jaringan distribusi serta berbagai varian produk yang diperuntukan beragam segmen industri dan dipastikan produk Pertamina Lubricants dapat memenuhi kebutuhan industri tersebut.

Afandi menjelaskan pasar industri merupakan pasar potensial yang terus menjadi target perusahaan. Apalagi, tahun ini, beberapa industri yang sebelumnya lesu mulai bergeliat naik

Media Indonesia, Page-18, Tuesday, July 18, 2017

Pertamina EP a to drill three new wells in East Java

Pertamina EP the upstream subsidiary of state owned oil and gas giant Pertamina,'is preparing to drill three new Wells in East Java in the second half of this year at a cost of US$21 to $23 million. The company Will drill an offshore well in the Poleng field in August With an estimated investment of $15 million. It will also drill the fourth and fifth Wells of the Tapen field in September and October, respectively, each with an investment of around $3 to $4 million.

“The cost for the one in the Poleng field is bigger because it is located offshore,” Pertamina EP public relations manager Muhammad Baron told The Jakarta Post on Monday.

“We need to be more prepared because this is the first time for us to undertake offshore drilling activities.”

The drilling activities at each of the three wells are expected to be complete Within 45 days so that they can bear fruit before year end. The offshore Well in the Poleng field is expected to produce 700 barrels of oil per day (bopd) and 1.2 million standard cubic feet per day (mmscfd). Moreover, the fourth well of the Tapen Held is estimated to produce 250 bopd, while the fifth well could yield 200 bopd and 2 mmscfd ofgas.

The Poleng and Tapen fields are located in Pertamina EP’s Asset 4 areas, which cover East Java, Central Java, Sulawesi and Papua. However, the company is pinning high hopes specifically on the Poleng field, which produced an average of 2,858 bopd throughout last year. The production rate is expected to reach 3,088 bopd in 2017.

Furthermore, there is also the Jambaran-Tiung Biru (JTB) gas field in Central Java, which is also included in the Asset 4 areas. The J TB field is located within the Cepu block. which is jointly owned and operated by several parties, including subsidiary PT Pertamina EP Cepu (PEPC), local government-owned enterprises, and two local units of American oil producer EXXonMobil, namely EXXonMobil Cepu Ltd. (EMCL) and Ampolex Cepu PET Ltd. 

PEPC, which aspires to fully acquire the JTB field, has found it difficult to seal the deal because of prolonged deadlock with state-owned electricity firm PLN over the price of gas sold to the latter. PLN is only willing to pay $7 per million British thermal unit (mmbtu) for the gas at its plant gate in Gresik, while PEPC wants the price of $7 per mmbtu at its wellhead in the JTB field.

As a result, PEPC has not been able to kick off construction of its production facilities at the JTB field, which was initially slated to be on stream in 2020 and is expected to produce at least 172 mmscfd.

“We’ll conduct an audit to see whether the development cost can be reduced, including in the procurement of its production facilities,” Fatar Yani Abdurrahman, the deputy for operational control at the Upstream Oil and Gas Regulatory Special Task Force (SKK Migas), said recently. In total, Pertamina EP aims to undertake development drilling activities at 48 wells in 2017.

Jakarta Post, Page-14, Tuesday, July 18, 2017