The Pipeline Network Is Regulated Again

The Government will redesign the distribution pipeline through the revision of Minister of Energy and Mineral Resources Regulation No. 19/2009 on Gas Operations through Pipes.

In the revised draft of Minister of Energy and Mineral Resources Regulation no. 19/2009, the government will arrange plans for the construction of gas transmission pipelines and pipelines within the Distribution Area Network Category (DANC/WJD) in the national gas infrastructure master plan. On the construction of the pipeline, the government will conduct auctions and assignments to business entities.

For the arrangement of the distribution gas distribution network, the government will establish a certain area as the distribution network area. Within the WJD category, the government sets out several provisions. First, business entities can transport gas owned by another party (shipper) or own property. 

     Secondly, business entities shall have commercial business licenses which are accounted for in an unbundling manner between trade and transport activities and their transport volume in accordance with capacity.

Thirdly, the Downstream Oil and Gas Regulatory Agency (BPH Migas) will regulate joint utilization for WJD special pipes. Fourth, WJD holders must have a target of building natural gas pipelines. 

    On the misplaced realization of development targets, the government will evaluate which may result in the business entity being fined, sanctions in the form of freezing of activities and revocation of business license or special rights.

In addition, sanctions include the transfer of WJD development to the second auction winner and a large evaluation of the distribution area. The Government sets out some requirements for business entities that wish to develop distribution pipelines. 

    Business entities shall have a business license for the transportation of oil and natural gas for natural gas transportation activities through pipelines as well as special rights. In the case of infrastructure ownership, a business entity shall own and / or control its distribution pipeline and its supporting facilities in a certain distribution network area.

THREE ALTERNATlF

The government also prepared three alternatives for distribution pipeline networking. In the first alternative, a commercial entity may build a pipeline in a particular area that can not be established as a WJD. WJD is an area that has not been integrated with transmission pipeline, undeveloped market and distribution for certain consumers. 

    Then, the business entity can perform activities until the economy is achieved. Once the economy is reached, the built distribution pipeline can be utilized together.

The second alternative is that the government will establish a Specific Business Area (WNT) in the areas not yet categorized by the WJD by considering the technical and economic aspects of the determination of certain commercial areas conducted through an auction by BPH Migas which will also grant special rights. Distribution piping network within WNT is closed which can be opened access after reaching economics.

Last alternative, WNT will be established inside the WJD so that there is a distribution pipeline connecting between certain commercial areas and connecting to the transmission pipe. 

     The distribution pipeline built in WJD under these conditions will be open access and pipes in the WNT category will be closed. When it has reached the economy, pipes with closed access to WNT can be changed to be open to all parties.

BPH Migas Committee member Jugi Prajugio said that the distribution pipeline network arrangement would ideally apply to all existing and current networks. For new distribution pipelines, its implementation will be easier.

Meanwhile, for application on existing gas distribution pipelines will wait until the gas allocation ends first. After the allocation period ends, he mentioned that BPH Migas will establish the new WND and WNT on existing distribution pipelines.

"[The existing gas pipe] will continue to run as it is until the gas allocation from the government ends. After that we set WJD and WNT, "he said.

IN INDONESIA

Jaringan Pipa Diatur Lagi

Pemerintah akan mengaiur ulang jaringan pipa gas distribusi melalui revisi Peraturan Menteri ESDM Nomor 19/2009 tentang Kegiatan Usaha Gas melalui Pipa.

Dalam draf revisi Peraturan Menteri ESDM No. 19/2009, pemerintah akan mengatur rencana pembangunan pipa transmisi dan pipa distribusi gas dalam kategori Wilayah Jaringan Distribusi (WJD) dalam rencana induk infrastruktur gas bumi nasional. Atas pembangunan pipa tersebut, pemerintah akan melakukan lelang dan penugasan kepada badan usaha.

Untuk pengaturan jaringan pipa gas distribusi, pemerintah nantinya akan menetapkan wilayah tertentu sebagai wilayah jaringan distribusi. Dalam wilayah yang masuk kategori WJD, pemerintah menetapkan beberapa ketentuan. Pertama, badan usaha dapat mengangkut gas milik pihak lain (shipper) atau milik sendiri. 

     Kedua, badan usaha wajib memiliki izin usaha niaga yang secara akuntansi bersifat terpisah (unbundling) antara kegiatan usaha niaga dan pengangkutan dan volume pengangkutannya sesuai dengan kapasitas.

Ketiga, Badan Pengatur Hilir Minyak dan Gas Bumi (BPH Migas) akan mengatur pemanfaatan bersama untuk pipa khusus WJD. Keempat, pemegang WJD wajib memiliki target pembangunan jaringan pipa gas bumi. 

    Atas realisasi yang meleset dari target pembangunan, pemerintah akan mengevaluasi yang bisa mengakibatkan badan usaha mendapat denda, sanksi berupa pembekuan kegiatan dan pencabutan izin usaha atau hak khusus. 

Selain itu, sanksi berupa pengalihan pengembangan WJD kepada pemenang lelang kedua dan evaluasi besar wilayah distribusi. Pemerintah menetapkan beberapa syarat bagi badan usaha yang ingin mengembangkan pipa distribusi. Badan usaha harus memiliki izin usaha pengangkutan minyak dan gas bumi untuk kegiatan pengangkutan gas bumi melalui pipa juga hak khusus. 

     Dalam hal kepemilikan infrastruktur, badan usaha wajib memiliki dan atau menguasai pipa distribusi dan fasilitas pendukungnya pada wilayah jaringan distribusi tertentu.

TIGA ALTERNATlF

Pemerintah pun menyiapkan tiga alternatif untuk pengaturan jaringan pipa distribusi. Pada alternatif pertama, badan usaha niaga dapat membangun pipa pada wilayah tertentu yang belum dapat ditetapkan sebagai WJD. WJD merupakan daerah yang belum terintegrasi dengan pipa transmisi, pasar belum berkembang serta penyaluran untuk konsumen tertentu. 

     Kemudian, badan usaha bisa melakukan kegiatan hingga keekonomian tercapai. Setelah keekonomian tercapai, pipa distribusi yang dibangun dapat dimanfaatkan bersama.

Alternatif kedua, pemerintah akan menetapkan Wilayah Niaga Tertentu (WNT) pada wilayah belum dikategorikan WJD dengan mempertimbangkan aspek teknis dan ekonomis penetapan wilayah niaga tertentu dilakukan melalui lelang oleh BPH Migas yang juga akan memberikan hak khusus. Jaringan pipa distribusi dalam WNT bersifat tertutup yang nantinya bisa dibuka aksesnya setelah mencapai keekonomian. 

Alternatif terakhir, WNT akan dibentuk di dalam WJD sehingga terdapat pipa distribusi yang menghubungkan antar wilayah niaga tertentu dan menyambung ke pipa transmisi. Pipa distribusi yang dibangun di WJD pada kondisi ini akan bersifat open access dan pipa dalam kategori WNT akan bersifat tertutup. Ketika telah mencapai keekonomian, pipa dengan akses tertutup pada WNT dapat diubah menjadi terbuka untuk semua pihak.

Anggota Komite Gas BPH Migas Jugi Prajugio mengatakan bahwa pengaturan jaringan pipa gas distribusi idealnya akan berlaku untuk semua jaringan baik yang ada saat ini dan baru. Untuk jaringan pipa distribusi yang baru, penerapannya akan lebih mudah. 

Sementara itu, untuk penerapan pada jaringan pipa gas distribusi yang ada akan menanti sampai alokasi gas berakhir lebih dahulu. Setelah masa alokasi berakhir, dia menyebut, BPH Migas akan menetapkan WJD dan WNT yang baru pada pipa distribusi yang ada.

“[Pipa gas] yang existing tetap akan berjalan seperti sekarang sampai alokasi gas dari pemerintah berakhir. Setelah itu kita tetapkan WJD dan WNT,” ujarnya.

Bisnis Indonesia, Page-30, Thursday, Nov 9, 2017

PP Gross Split Tax Wait for Presidential Approval

The Government has accelerated the preparation of Government Regulation (PP) on taxation imposed on production sharing contract (PSC) for gross profit (gross split). The new regulation is expected to be published before the first auction of the 2017 oil and gas block ends on 27 November.

Secretary of the Directorate General of Oil and Gas of the Ministry of Energy and Mineral Resources (ESDM) Susyanto said that the draft PP on tax on gross split oil and gas contracts has been completed.

"We are seeking the principle approval from the President," he said in Jakarta, Tuesday (11/7).

However, according to Susyanto, it can not be sure when the PP gross split oil tax contract is issued.

"You see, once the approval is obtained, the ESDM Ministry should still discuss it again with the Inter-Ministerial Committee (PAK)," he said.

He acknowledged, the process of issuing PP on tax contracts of gross split oil can be accelerated by only meeting one to two times only.

"Acceleration indeed needs to be done because the PP is needed for the auction of oil and gas blocks attracted investors. So, very, very

we expect for this period. Hope can be, "he said.

The government has held 15 oil and gas block auctions since the middle of this year. Due to lonely interest, the auction period is extended by the time limit of document access until 20 November 2017 and the submission of documents for maximum participation of 27 November 2017.

A total of 19 oil and gas companies have taken the auction documents, but not one of them has included a document of participation.

"No one has entered the document yet. Therefore, oil and gas companies are still waiting for PP on gross split tax, "he said.

Susyanto revealed, in principle, the points in the draft PP of oil and gas contracts gross split will not be changed again. It's just that the payment of indirect taxes that are substituted for additional split will not be included in the PP. This clause will be included in the Ministerial Regulation.

"Indirect tax is not regulated in the PP but submitted to the Ministry of Energy and Mineral Resources, because it is the authority of the minister of ESDM. So, it should not be regulated in the Government Regulation but submitted to the Ministry of Energy and Mineral Resources, because it is the authority of the minister of ESDM. So, it should not be regulated in the Government Regulation but regulated in the Ministerial Regulation, "he said.

However, that does not mean there will be a new derivative of the contract tax on oil and gas gross split. The Ministry of Energy and Mineral Resources will include a split addition clause in revision 52/2017 which is a revision of 8/2017 on the contract rules of oil and gas gross split scheme.

"Not making new, change 52/2017 alone, modified a bit," he said.

Separately, President Director of PT Pertamina Hulu Energi (PHE) Gunung Sardjono Hadi explained, the PP gross split oil and gas contract tax is urgently issued. This regulation is needed to provide long-term business certainty.

"If there is no certainty, it will be difficult if the evaluation results will change again, especially regarding the tax problem," he said.

The same thing was stated by Pertamina Upstream Director Syamsu Alam. PP gross split oil and gas contract tax should be issued soon so that the rules of gross split taxation becomes clear because tax becomes one of the factors that affect the economy. Of course we also hope that the regulation can encourage investment programs that are currently required, especially in the upstream sector of oil and gas, "he said.

Give Incentives

Deputy Minister of EMR, Arcandra Tahar, acknowledged that the draft PP of oil and gas contract of gross split has been prepared. Two points that previously became a problem, namely the matter of indirect tax and the provision of deferred tax loss carry forward (tax loss carry forward), has been settled, following the agreement of the Ministry of Energy and Mineral Resources (Kemenkeu).

"For the draft PP gross split contract tax, inter-ministry has been settled," he said.

He explains, through the PP tax contract oil and gas gross split, the government will provide incentives to oil and gas companies. During the exploration period, oil and gas companies will be exempted from land and building tax (PBB) and import duties (BM). Oil and gas company according to Arcandra Tahar, will not be subject to indirect taxes during the exploration period, starting from the approval of the plan of development (POD) to the first oil production.

"After that (from first oil to break even point / BEP), if the economy is not enough to be compensated with split. Level the economics of this project is based on the calculations made during the compilation of POD, "said Arcandra.

He added that the replacement with the split would be a ministerial discretion of ESDM. Regarding the amount of split that will be given, there is no limit on certain numbers.

Not only that, according to Arcandra, investors will also get a facility deferred income tax payment for 10 years. That is because at the beginning of the oil and gas project, oil and gas companies have not yet earned revenue from the project. Furthermore, all expenses incurred until the first drops of oil are produced will be tax deductions for up to 10 years.

"Well, that's called accelerated depreciation. Later calculation formula is in the PP, "said Arcandra.

PP tax on oil and gas contracts gross split will complement about gros split. Arcandra previously stated that the internal rate of return (IRR) of oil and gas blocks using the gross split contract based on 52/2017 is no less competitive than the cost recovery contract.

In fact, in several oil and gas blocks, the simulation results show that IRR gross split contract is better than cost recovery. This condition, he said, is much better than when the gross split contract is still referring to the old Regulation, which is 8 / 2017. In the simulation, once the reference is changed to 52/2017, IRR oil and gas blocks rose significantly.

In some oil and gas blocks, IRR increases reach 2-5%. However, there are also oil and gas blocks whose IRR soared to 12%. On average, the oil and gas IRR increased 6.55%. The government hopes 52/2017 and the tax on gross split contracts will attract investors. The government is auctioning 15 oil and gas blocks, 10 conventional oil and gas blocks and five unconventional oil and gas blocks.

A total of 10 conventional oil and gas blocks have potential oil reserves of about 830 million barrels and 22 trillion cubic feet of gas. The oil potential for five non-conventional oil and gas blocks is about 640 million barrels and 17 trillion cubic feet of gas.

Oil and Gas Block

Conventional oil and gas blocks auctioned through direct offerings are the Andaman I and Iaman Block II offshore Aceh, South Tuna offshore Natuna, and Merak Lampung offshore and Banten mainland Lampung. Others are Pekawai off the coast of East Kalimantan, West Yamdena offshore and inland Maluku, and Kasuri III in West Papua.

The offered through regular auctions are the Tongko Block offshore Natuna, East Tanimbar off the coast of Maluku, and Mamberano on the mainland and off Papua monitor. Furthermore, three non-conventional oil and gas blocks are tendered through direct offer, namely MNK Jambi I in Jambi, MNK H in Jambi and Sumatera, and GMB West Air Komering in South Sumatra. Finally, GMB Raja and GMB Bungamas in South Sumatra are offered through regular auctions.

"Indirect taxes they pay. So, per project is different, "he said.

IN INDONESIA

PP Pajak Gross Split Tunggu Persetujuan Presiden

Pemerintah mempercepat penyusunan Peraturan Pemerintah (PP) tentang perpajakan yang dikenakan terhadap kontrak kerja sama (production sharing contract/ PSC) bagi hasil kotor (gross split). Regulasi baru ini diharapkan terbit sebelum lelang blok migas periode pertama 2017 berakhir pada 27 November.

Sekretaris Direktorat Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral (ESDM) Susyanto menuturkan, draf PP tentang pajak kontrak migas gross split sudah rampung disusun. 

“Kami sedang meminta persetujuan prinsip dari Presiden,” kata dia di Jakarta, Selasa (11/7).

Meski demikian, menurut Susyanto, pihaknya tidak dapat memastikan kapan PP pajak kontrak migas gross split diterbitkan.

“Soalnya, begitu persetujuan diperoleh, Kementerian ESDM masih harus membahasnya lagi dengan Panitia Antar Kementerian (PAK),”

ujar dia.

Dia mengakui, proses penerbitan PP tentang pajak kontrak migas gross split bisa dipercepat dengan hanya melakukan rapat satu hingga dua kali saja. 

“Percepatan memang perlu dilakukan karena PP ini sangat dibutuhkan agar lelang blok migas diminati investor. Jadi, sangat-sangat kami harapkan untuk periode ini. Semoga bisa,” papar dia.

Pemerintah telah menggelar lelang 15 blok migas sejak pertengahan tahun ini. Karena sepi peminat, periode lelang diperpanjang dengan batas waktu akses dokumen sampai 20 November 2017 dan pemasukan dokumen partisipasi maksimal 27 November 2017.

Sebanyak 19 perusahaan migas sudah mengambil dokumen lelang, tetapi belum satu pun yang memasukkan dokumen partisipasi. 

“Belum ada yang memasukkan dokumen. Oleh karena itu, perusahaan migas masih menunggu PP tentang pajak gross split,” katanya.

Susyanto mengungkapkan, secara prinsip, poin-poin dalam draf PP pajak kontrak migas gross split tidak akan diubah lagi. Hanya saja, tentang pembayaran pajak-pajak tidak langsung (indirect tax) yang diganti tambahan bagi hasil (split) tidak akan dimasukkan dalam PP tersebut. Klausul ini bakal dimasukkan dalam Peraturan Menteri.

“Indirect tax tidak diatur di PP tetapi diserahkan kepada Kementerian ESDM, karena hal itu wewenang menteri ESDM. Jadi, tidak usah diatur di Peraturan Pemerintah tetapi diserahkan ke Kementerian ESDM, karena hal itu wewenang menteri ESDM. Jadi, tidak usah diatur di Peraturan Pemerintah tetapi diatur di Peraturan Menteri,” katanya.

Namun, bukan berarti bakal ada  baru turunan PP pajak kontrak migas gross split. Kementerian ESDM bakal memasukkan klausul penambahan split dalam revisi  52/2017 yang merupakan revisi  8/2017 tentang aturan kontrak migas skema gross split. 

"Tidak membuat baru, mengubah  52/2017 saja, diubah sedikit,” ucap dia.

Secara terpisah, Presiden Direktur PT Pertamina Hulu Energi (PHE) Gunung Sardjono Hadi menjelaskan, PP pajak kontrak migas gross split sangat mendesak diterbitkan. Regulasi ini dibutuhkan untuk memberikan kepastian bisnis jangka panjang. 

“Kalau belum ada kepastian, akan sulit jika hasil evaluasi nanti berubah lagi, terutama menyangkut masalah tax-nya,” tegas dia.

Hal senada dikemukakan Direktur Hulu Pertamina Syamsu Alam. PP pajak kontrak migas gross split perlu segera diterbitkan sehingga aturan perpajakan gross split menjadi jelas karena pajak menjadi salah satu faktor yang memengaruhi keekonomian. Tentu kami juga berharap peraturan tersebut dapat mendorong program-program investasi yang memang saat ini diperlukan, terutama di sektor hulu migas,” ujar dia.

Beri Insentif

Wakil Menteri ESDM Arcandra Tahar mengakui, draf PP pajak kontrak migas gross split sudah selesai disusun. Dua poin yang sebelumnya menjadi masalah, yakni soal indirect tax dan ketentuan penangguhan pembayaran pajak penghasilan (tax loss carry forward), sudah diselesaikan, menyusul kesepakatan Kementerian ESDM dengan Kementerian Keuangan (Kemenkeu). 

“Untuk draf PP pajak kontrak gross split, antar kementerian sudah beres,” kata dia.

Dia menjelaskan, melalui PP pajak kontrak migas gross split, pemerintah akan memberikan insentif kepada perusahaan migas. Selama masa eksplorasi, perusahaan migas akan dibebaskan dari pajak bumi dan bangunan (PBB) dan bea masuk (BM). Perusahaan migas menurut Arcandra Tahar, tidak akan dikenai pajak-pajak tidak langsung selama masa eksplorasi, yakni mulai persetujuan rencana pengembangan (plan of development/ POD) hingga produksi minyak pertama (first oil).

“Setelah itu (dari first oil hingga break even point/ BEP), kalau keekonomiannya tidak cukup akan dikompensasikan dengan split. Tingkat keekonomian proyek ini berdasarkan hitungan semasa menyusun POD,” tutur Arcandra. 

Dia menambahkan, penggantian dengan split itu akan menjadi diskresi menteri ESDM. Mengenai besaran split yang akan diberikan, tidak ada batasan angka tertentu. 

“Sebesar (indirect tax) yang mereka bayarkan. Jadi, per proyek beda-beda,” ucap dia.

Tidak hanya itu, menurut Arcandra, investor juga akan memperoleh fasilitas penangguhan pembayaran pajak penghasilan selama 10 tahun. Itu karena pada awal proyek migas, perusahaan migas belum memperoleh pendapatan dari proyek yang dikerjakan. Selanjutnya, seluruh biaya yang dikeluarkan sampai dihasilkan tetes minyak pertama akan menjadi pengurang pajak sampai 10 tahun. 

“Nah, itu dinamakan depresiasi yang dipercepat. Nanti rumus perhitungannya ada di PP itu,” kata Arcandra.

PP pajak kontrak migas gross split bakal melengkapi  tentang gros split. Arcandra sebelumnya menyatakan, tingkat pengembalian investasi (internal rate of return/IRR) blok migas yang menggunakan kontrak gross split berdasarkan  52/2017 tidak kalah kompetitif dibandingkan kontrak cost recovery. 

Bahkan, pada beberapa blok migas, hasil simulasi menunjukkan IRR kontrak gross split lebih baik dibandingkan cost recovery. Kondisi ini, kata dia, jauh lebih baik dibandingkan ketika kontrak gross split masih mengacu Regulasi lama, yakni  8/ 2017. Pada simulasi itu, begitu acuannya diubah menjadi  52/ 2017, IRR blok migas naik signifikan. 

Di beberapa blok migas, kenaikan IRR mencapai 2-5%. Namun, ada juga blok migas yang IRR-nya melejit hingga 12%. Secara rata-rata, IRR blok migas naik 6,55%. Pemerintah berharap  52/ 2017 dan PP pajak kontrak gross split bakal menarik investor. Pemerintah sedang melelang 15 blok migas, 10 blok migas konvensional, dan lima blok migas nonkonvensional. 

Sebanyak 10 blok migas konvensional memiliki potensi cadangan minyak sekitar 830 juta barel dan gas 22 triliun kaki kubik. Sedangkan potensi minyak untuk lima blok migas nonkonvensional sekitar 640 juta barel dan gas 17 triliun kaki kubik.

Blok migas konvensional yang dilelang melalui penawaran langsung adalah Blok Andaman I dan Andaman II di lepas pantai Aceh, South Tuna di lepas pantai Natuna, serta Merak Lampung di lepas pantai dan daratan Banten Lampung. Lainnya adalah Pekawai di lepas pantai Kalimantan Timur, West Yamdena di lepas pantai dan daratan Maluku, dan Kasuri III di Papua Barat.

Adapun yang ditawarkan melalui lelang reguler yaitu Blok Tongko di lepas pantai Natuna, East Tanimbar di lepas pantai Maluku, dan Mamberano di daratan dan lepas pantau Papua. Selanjutnya tiga blok migas nonkonvensional dilelang melalui penawaran langsung, yakni MNK Jambi I di Jambi, MNK H di Jambi dan Sumatera, serta GMB West Air Komering di Sumatera Selatan. Terakhir, GMB Raja dan GMB Bungamas di Sumatera Selatan ditawarkan melalui lelang reguler.

Investor Daily, Page-1, Wednesday, Nov 8, 2017

Oil and Gas Company Appointed IPO

Companies engaged in oil and gas (oil and gas) are encouraged to conduct an Initial Public Offering (IPO). Currently not many energy companies are floating on the stock. Existing oil and gas companies include PT Perusahaan Gas Negara Tbk (PGAS) and PT Medco Energi Internasional Tbk (MEDC).

Minister of Energy and Mineral Resources (ESDM) Ignatius Jonan expects more and more oil and gas companies to be willing to market on the exchange. There are some companies that are expected to do an IPO. For example, PT Pertamina and PT Perusahaan Listrik Negara (PLN). 

     Pertamina's highest revenue figure is Rp 700 trillion to Rp 800 trillion. Meanwhile, PLN achieves an average of Rp 300 trillion to Rp 350 trillion per year.

"If PLN IPO, the market capitalization value alone can be Rp 500 trillion.Valuation of PLN shares is also expensive, because Price to Earning Ratio (PER) of PLN is approximately 30 times," he said when opening trading on the Indonesia Stock Exchange (BEI) Alumni of Airlangga University in Jakarta (7/11).

Unfortunately, currently the Ministry of SOE has no plans for Pertamina and PLN IPO.

"It can only be a subsidiary such as PT Pertamina Hulu Energi and PT Pertamina Retail, so it depends on the Minister of State-Owned Enterprises, what is it like, I just appeal" said the alumnus of Airlangga University.

Asked about foreign companies such as PT Freeport Indonesia (PT FI), Jonan said that he would limit the space for his IPO. To be able to IPO, PT FI must first divest, after which then allowed to IPO.

Later, after the central government, the government in Papua and all that has 51 percent (shares of PT FI) cumulatively. Later should be thought of for an IPO in the future. Not for now (IPO), "he continued.

IN INDONESIA

Perusahaan Migas Diimbau IPO

Perusahaan-perusahaan yang bergerak di bidang minyak dan gas (migas) didorong untuk melakukan penawaran umum perdana saham atau Initial Public Offering (IPO). Saat ini belum banyak perusahaan energi yang melantai di bursa. Perusahaan migas yang sudah terbuka, antara lain PT Perusahaan Gas Negara Tbk (PGAS) dan PT Medco Energi Internasional Tbk (MEDC). 

Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan berharap semakin banyak perusahaan migas yang mau melantai di bursa. Ada beberapa perusahaan yang diharapkan bisa melakukan IPO. Misalnya PT Pertamina dan PT Perusahaan Listrik Negara (PLN). 

     Angka pendapatan tertinggi Pertamina Rp 700 triliun hingga Rp 800 triliiun. Sedangkan PLN rata-rata meraih pendapatan Rp 300 triliun sampai Rp 350 triliun per tahun.

"Jika PLN IPO, nilai kapitalisasi pasarnya saja bisa Rp 500 triliun. Valuasi saham PLN juga mahal, karena Price to Earning Ratio (PER) PLN kira-kira mencapai 30 kali,” katanya saat membuka perdagangan di Bursa Efek Indonesia (BEI) bersama Ikatan Alumni Universitas Airlangga di Jakarta (7 /11).

Sayangnya, saat ini Kementerian BUMN belum memiliki rencana untuk IPO Pertamina dan PLN.

"Yang bisa hanya anak usahanya seperti PT Pertamina Hulu Energi dan PT Pertamina Retail. Nah, itu bergantung pada Menteri BUMN,  maunya seperti apa, saya hanya mengimbau" ujar alumnus Universitas Airlangga tersebut.

Ditanya soal perusahaan asing seperti PT Freeport Indonesia (PT FI), Jonan mengaku bakal membatasi ruang gerak IPO-nya. Untuk bisa IPO, PT FI harus terlebih dahulu melakukan divestasi, setelah itu kemudian diperbolehkan untuk IPO. 

Nanti, setelah pemerintah pusat, pemerintah di wilayah Papua dan segala macam itu punya 51 persen (saham PT FI) secara kumulatif. Nanti semestinya dipikirkan untuk IPO di kemudian hari. Tidak untuk sekarang (IPO-nya)," lanjutnya. 

Jawa Pos, Page-5, Wednesday, Nov 8, 2017

Lapindo Brantas Apply for Contract Renewal

PT Lapindo Brantas Inc intends to extend the contract to manage Brantas Block in East Java. The Bakrie family's oil and gas company's cooperation contract expires in 2020.

VP Operational of PT Lapindo Brantas Inc Christanto Budi Santosa stated, it is hoped that Lapindo Brantas contract is extended.

"We have proposed an extension for the next 20 years to 2040 to SKK Migas," he said (7/11).

He explained, the area of ​​work Brantas area of ​​3 thousand square meters is very potential. Half is on land and the rest in the middle of the sea.

 "We are not yet working on the sea but actually we have to do it, but it was already there Lapindo mud disaster he said.

Lapindo Brantas currently has five areas. The details, three in the sea and two terrestrial areas.

"Now we focus on land, especially in area 2 which covers Wunut and Tanggulangin areas," he said.

In Wunut and Tanggulangin, Lapindo has 34 wells. Until September 2017, its gas production reached 10.82 mmscfd.

"In 2006 (before the mudflow), our production was around 40 mmscfd, in fact, we used to reach the peak of 80 mmscfd," he explained.

Until the end of 2017, Lapindo targets to optimize production to 20 mmscfd. The details, Wunut Well produce 5 mmscfd and Tanggulangin well 15 mmscfd.

IN INDONESIA

Lapindo Brantas Ajukan Perpanjangan Kontrak

PT Lapindo Brantas Inc berniat memperpanjang kontrak pengelolaan Blok Brantas di Jawa Timur. Kontrak kerja sama perusahaan migas milik keluarga Bakrie tersebut berakhir pada 2020.

VP Operational PT Lapindo Brantas Inc Christanto Budi Santosa menyatakan, pihaknya sangat berharap kontrak Lapindo Brantas diperpanjang. 

"Kita sudah mengajukan perpanjangan untuk 20 tahun ke depan sampai 2040 ke SKK Migas,” katanya (7/11).

Dia menjelaskan, Wilayah kerja Brantas seluas 3 ribu meter persegi sangat potensial. Separuhnya berada di darat dan sisanya di tengah laut.

 "Yang berada di laut malah belum kita kerjakan. Sebenarnya dulu sudah mau kita kerjakan, tapi ternyata telanjur ada musibah lumpur Lapindo ujarnya.

Lapindo Brantas saat ini memiliki lima area. Perinciannya, tiga di laut dan dua area di darat. 

"Sekarang kita fokus di darat, terutama di area 2 yang meliputi daerah Wunut dan Tanggulangin," tuturnya. 

Di Wunut dan Tanggulangin, Lapindo memiliki 34 sumur. Sampai September 2017, produksi gasnya mencapai 10,82 mmscfd. 

"Pada saat 2006 (sebelum semburan lumpur), produksi kami sekitar 40 mmscfd. Bahkan, kami dulu mencapai puncaknya, yaitu 80 mmscfd," paparnya.

Sampai akhir 2017 , Lapindo menargetkan dapat mengoptimalkan produksi menuju 20 mmscfd. Perinciannya, Sumur Wunut menghasilkan 5 mmscfd dan Sumur Tanggulangin 15 mmscfd.

Jawa Pos, Page-5, Wednesday, Nov 8, 2017

Addition of Profit Sharing Follow Tax Amount

Oil and gas contractors will get an additional profit sharing in accordance with the amount of indirect taxes paid when oil and gas fields have started producing.

However, the percentage of additional revenue sharing will be given based on the discretion of the Minister of EMR. Contractors of contracts using gross split contracts are taxed when they start producing oil and gas. Instead, the contractor will be exempt from taxation during the exploration period.

Contractors of cooperation contracts (KKKS) using a gross profit sharing scheme will pay indirect taxes when oil and gas blocks have started producing. While still in the exploration phase, the contractor will be exempt from taxation. The indirect tax payments will also be replaced with additional revenue sharing given through the Minister of EMR's discretion.

Secretary of the Directorate General of Oil and Gas of the Ministry of Energy and Mineral Resources (ESDM) Susyanto said that the taxation of oil and gas in the gross split scheme will be regulated in a Government Regulation.

According to him, the Government Regulation will not regulate in detail the replacement of indirect tax payments in the gross split scheme. The reason, the granting of tax returns to be converted into additional revenue sharing for the contractor becomes the authority of the Minister of EMR.

Ministerial Regulation No.52 / 2017 governing the gross split will be adjusted due to the additional factor of the Minister's discretion. In Ministerial Regulation no. 52/2017 Article 7 has been stipulated that the minister may assign an additional percentage of profit sharing to the contractor if the commercialization of the field does not reach a certain economy.

"Yes, from the minister. Because it is split [share of] the authority of the minister, "he said, Tuesday (7/11).

However, the additional revenue sharing will consider the economics of the oil and gas field project. The Minister of Energy and Mineral Resources will replace the nominal tax with profit sharing when the economic level of oil and gas field is still low.

During the exploration period until the development of oil and gas field, the contractor will enjoy indirect tax exemption facility, such as Value Added Tax (VAT), Land and Building Tax (PBB) to import duty of oil and gas equipment.

Currently, the Letter for approval in principle of issuing the rules has been submitted to the Minister of State Secretary, but has not been approved by President Joko Widodo. He said, through the approval of the principle, will be able to proceed to the next stage, the Inter-ministerial Committee (PAK). The committee will involve the Ministry of Energy and Mineral Resources, the Ministry of Finance, the Ministry of Justice and Human Rights and the Secretary of State.

"Once the first oil start continues to be calculated economically, from there it will be replaced. The contractor pays the tax, but the payment will be substituted for a split [share of production], "he said.

FIELD ECONOMY

An additional percentage for the production obtained by the contractor will be calculated from the nominal tax paid. The difference from the nominal side and its impact on the field economy will result in the contractor with each other getting additional revenue sharing.

"Yes as big as they pay, then they will pay how many are replaced. So, per project is different, "he said.

EMR Deputy Minister of Energy and Mineral Resources Arcandra Tahar said it would not provide additional revenue sharing for indirect tax payments to all contractors. The additional revenue sharing will only be provided to contractors working on oil and gas field with a low economic level.

He mentioned that contractors using a gross split scheme would get a tax loss carry forward on the type of income tax for 10 years.

According to him, in Law no. 38/2008 on Income Tax stipulated that the deferment of tax loss compensation is valid only for 5 years. However, in Government Regulation the taxation of gross split will be set for the period of suspension of tax loss compensation up to 10 years.

Arcandra explained, the period of suspension was to consider the time spent for oil and gas exploration activities. That is, the government projected the exploration period takes 10 years for the deferred income tax. After 10 years, when the project reaches production stage, the contractor begins to be billed to pay the income tax. In addition, for depreciation and amortization will also be a tax deductible income factor in the exploitation period.

Thus, taxable income will be reduced depreciation and amortization in advance so that the tax will be less. Consideration to reduce the taxable income because in the gross split scheme there is no cost return as it applies to cost recovery.

Member of Commission VII of the House of Representatives Harry Poernomo said that the discretion space of the EMR Minister in the gross split contract is too great. The amount of ministerial discretion space, he argues, increases the uncertainty factor for contractors. In fact, the Working Committee on the Draft Law on Oil and Gas assesses that there are still many problems related to the implementation of the gross profit sharing contract system.

"Gross split can not be implemented because there is no certainty. Too many variables. Policies must have clear and transparent parameters, "he said.

IN INDONESIA

Penambahan Bagi Hasil Ikuti Besaran Pajak

Kontraktor minyak dan gas bumi akan mendapatkan tambahan bagi hasil sesuai dengan besaran pajak tidak langsung yang dibayarkan ketika lapangan migas sudah mulai berproduksi.

Namun, persentase penambahan bagi hasil itu akan diberikan berdasarkan diskresi Menteri ESDM. Kontraktor kontrak kerja sama yang menggunakan kontrak bagi hasil kotor (gross split) mulai dipungut perpajakan ketika sudah mulai menghasilkan minyak dan gas bumi. Sebaliknya, kontraktor akan dibebaskan dari perpajakan selama masa eksplorasi.

Kontraktor kontrak kerja sama (KKKS) yang menggunakan skema kontrak bagi hasil kotor akan membayar pajak tidak langsung ketika blok migas sudah mulai berproduksi. Ketika masih dalam tahap eksplorasi, kontraktor akan dibebaskan dari perpajakan. Pembayaran pajak tidak langsung itu pun akan diganti dengan penambahan bagi hasil yang diberikan melalui diskresi Menteri ESDM.

Sekretaris Direktorat Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral (ESDM) Susyanto mengatakan bahwa perpajakan migas dalam skema gross split akan diatur dalam Peraturan Pemerintah.

Menurutnya, Peraturan Pemerintah tersebut tidak akan mengatur secara detail penggantian pembayaran pajak tidak langsung dalam skema gross split. Pasalnya, pemberian penggantian pembayaran pajak yang dikonversi menjadi tambahan bagi hasil bagi kontraktor menjadi kewenangan Menteri ESDM.

Peraturan Menteri No.52/2017 yang mengatur tentang gross split akan mengalami penyesuaian karena tambahan faktor diskresi Menteri. Dalam Peraturan Menteri No. 52/2017 Pasal 7 telah diatur bahwa menteri dapat menetapkan tambahan persentase bagi hasil kepada kontraktor bila komersialisasi lapangan tidak mencapai keekonomian tertentu.

“Iya, dari menteri. Karena memang split [bagi hasil] kewenangan menteri,” ujarnya, Selasa (7/11).

Namun, penambahan bagi hasil itu akan mempertimbangkan keekonomian proyek lapangan migas tersebut. Menteri ESDM akan mengganti nominal pajak dengan bagi hasil ketika tingkat keekonomian lapangan migas masih rendah.

Pada masa eksplorasi hingga pengembangan lapangan migas, kontraktor akan menikmati fasilitas pembebasan pajak tidak langsung, seperti pajak pertambahan nilai (PPN), Pajak Bumi dan Bangunan (PBB) hingga bea masuk impor peralatan migas.

Saat ini, Surat untuk persetujuan prinsip penerbitan aturan telah disampaikan ke Menteri Sekretaris Negara, tetapi belum mendapat persetujuan Presiden Joko Widodo. Dia menyebut, melalui persetujuan prinsip, nantinya akan bisa berproses ke tahapan berikutnya, yakni Panitia Antar Kementerian (PAK). Panitia itu akan melibatkan Kementerian ESDM, Kementerian Keuangan, Kementerian Hukum dan HAM serta Menteri Sekretaris Negara.

“Setelah mulai first oil [produksi minyak pertama] terus dihitung keekonomian, dari situ akan diganti. Kontraktor bayar pajak, tetapi atas pembayarannya akan diganti split [bagi hasil produksi],” katanya.

KEEKONOMIAN LAPANGAN

Persentase tambahan bagi produksi yang diperoleh oleh kontraktor akan dihitung dari nominal pajak yang dibayarkan. Perbedaan dari sisi nominal dan dampaknya terhadap keekonomian lapangan akan mengakibatkan kontraktor satu dengan yang lain akan mendapatkan tambahan bagi hasil yang berbeda.

“Ya sebesar yang mereka bayarkan, nanti mereka bayar berapa diganti. Jadi, per proyek beda-beda,” katanya. 

Wakil Menteri ESDM Arcandra Tahar mengatakan bahwa pihaknya tidak akan memberikan tambahan bagi hasil atas pembayaran pajak tidak langsung ke seluruh kontraktor. Penambahan bagi hasil itu, hanya akan diberikan kepada kontraktor yang menggarap lapangan migas dengan tingkat keekonomian rendah.

Dia menyebut bahwa kontrakor yang menggunakan skema gross split akan memperoleh penangguhan kompensasi kerugian pajak atau tax loss carry forward pada jenis pajak penghasilan selama 10 tahun.

Menurutnya, dalam Undang-Undang No. 38/2008 tentang Pajak Penghasilan diatur bahwa penangguhan kompensasi kerugian pajak hanya berlaku selama 5 tahun. Namun, dalam Peraturan Pemerintah perpajakan gross split akan diatur masa penangguhan kompensasi kerugian pajak hingga 10 tahun.

Arcandra menjelaskan, masa penangguhan itu dengan mempertimbangkan waktu yang dihabiskan umuk kegiatan eksplorasi lapangan migas. Artinya, pemerintah memproyeksikan masa eksplorasi butuh waktu selama 10 tahun untuk penangguhan pajak penghasilan. Setelah melewati waktu 10 tahun, ketika proyek mencapai tahap produksi, kontraktor mulai ditagih untuk membayar PPh. Selain itu, untuk depresiasi dan amortisasi juga akan menjadi faktor pengurang penghasilan kena pajak pada masa eksploitasi.

Dengan demikian, pendapatan yang terkena pajak akan dikurangi depresiasi dan amortisasi terlebih dahulu sehingga pajak yang ditanggung akan lebih kecil. Pertimbangan untuk mengurangi penghasilan kena pajak karena pada skema gross split tidak ada pengembalian biaya sepelti yang berlaku pada cost recovery.

Anggota Komisi VII DPR Harry Poernomo mengatakan bahwa ruang diskresi Menteri ESDM dalam kontrak gross split terlalu besar. Besarnya ruang diskresi menteri, menurutnya, meningkatkan faktor ketidakpastian bagi kontraktor. Bahkan, Panitia Kerja Rancangan Undang-Undang Migas menilai bahwa masih terdapat banyak masalah terkait dengan penerapan sistem kontrak bagi hasil kotor.

“Gross split belum bisa dilaksanakan karena tidak ada kepastian. Terlalu banyak variabel. Kebijakan harus ada parameter yang jelas dan transparan,” katanya. 

Bisnis Indonesia, Page-30, Wednesday, Nov 8, 2017

Lapindo Apply for Contract Renewal

Towards the end of the exploration contract by 2020, Lapindo Brantas proposes a contract extension to the government for the next 20 years.

"Letter of contract extension we have sent to Jakarta. Still waiting for the government's decision. The review is underway, hopefully the results are good for us, "said Vice President of Operations of Lapindo Brantas Christanto Budi Santosa to participants of Media Workshop of Period III Year 2017 SKK Migas-KKKS and Media Area Jabanusa while visiting Area 2 WK (Working Area) Brantas in Wunut Sidoarjo, Tuesday (7/11).

Explained Christianto, WK Brantas potential that oversees 5 areas with a total of 34 wells is still very large. It is estimated from all existing wells to have a gas potential of up to 600-700 MMSCFD.

"With this potential we hope to be given government confidence for further exploration," he said.

Lapindo Brantas has obtained government permission to work on WK Brantas since 1990. The contract period is 30 years or 2020. With the proposed extension of the contract it is expected that Lapindo Brantas can explore up to 2040 or pocket the renewal period of another 20 years.

Despite obtaining government permission since 1990, Lapindo Brantas began production in 1999. Its production is ups and downs. Had experienced the peak of production, and since the emergence of Lapindo mud case in 2006, the company is asleep, there is almost no exploration and the impact of gas production is minimal.

Currently from Area 2 which oversees the area of ​​Wunut, Tanggulangin and Carat production capacity of 21 wells averaging only 10 MMSCFD. This capacity will be increased to 14 MMSCFD by 2018.

While from the total 34 wells in WK Brantas capacity will continue to be increased up to 20 MMSCFD by the end of 2017 and increased to 40 MMSCFD in 2018. Purchasers remain Lapindo gas including PGN with contract demand 8 MMSCFD and Assorted 2.2 MMSCFD.

Meanwhile, Head of Public Relations of Jogjakarta Oil and Natural Rescue Agency (SKK Migas), Jabanusa Representative Moh Fatah Jasin, said that the Lapindo Brantas contract extension has been submitted to the government.

"Currently still reviewed by the government. Whether remained to be given to Lapindo Brantas or given to other operators after going through the auction process, it is all government authority, "he said.

Alluded to whether there are other operators who are interested to work on WK Brantas, Fatah mention to date as far as he knows still does not exist. However, he saw a great desire from Lapindo Brantas to keep exploring the wells in his working area.

Fatah explained the current total national oil and gas production of 800 thousand barrels per day, while consumption of 1.6 million barrels per day. This means that the national availability of oil and gas is far from consumption. Therefore, oil and gas operators are required to spur production.

"Spurring production in wells owned not only about the state revenue, but also to maintain national energy needs," he said.

IN INDONESIA

Lapindo Ajukan Perpanjangan Kontrak

Menjelang berakhirnya masa kontrak eksplorasi pada 2020, Lapindo Brantas mengajukan perpanjangan kontrak ke pemerintah untuk pengelolaan 20 tahun mendatang. 

“Surat perpanjangan kontrak sudah kami kirimkan ke Jakarta. Masih menunggu keputusan pemerintah. Kajian sedang dilakukan, semoga hasilnya baik untuk kita,” kata Vice President Operasional Lapindo Brantas Christanto Budi Santosa kepada peserta Lokakarya Media Periode III Tahun 2017 SKK Migas-KKKS dan Media Wilayah Jabanusa saat mengunjungi Area 2 WK (Wilayah Kerja) Brantas di Wunut Sidoarjo, Selasa (7/11).

Dijelaskan Christianto, potensi WK Brantas yang membawahi 5 area dengan total 34 sumur masih sangat besar. Diperkirakan dari seluruh sumur yang ada memiliki potensi gas hingga 600-700 MMSCFD. 

”Dengan potensi ini kami berharap diberi kepercayaan pemerintah untuk eksplorasi lagi,” katanya.

Lapindo Brantas mendapatkan izin pemerintah untuk menggarap WK Brantas sejak 1990. Masa kontrak didapat hingga 30 tahun atau berakhir 2020. Dengan pengajuan perpanjangan kontrak diharapkan Lapindo Brantas bisa mengeksplorasi hingga 2040 atau mengantongi masa perpanjangan kontrak 20 tahun lagi.

Meski mendapatkan izin pemerintah sejak 1990, Lapindo Brantas mulai produksi pada 1999. Produksinya pasang surut. Sempat mengalami masa puncak produksi, dan sejak munculnya kasus lumpur Lapindo pada 2006 lalu, perusahaan ini seolah mati suri, nyaris tidak ada eksplorasi dan imbasnya produksi gas minim.

Saat ini dari Area 2 yang membawahi wilayah Wunut, Tanggulangin dan Carat kapasitas produksi dari 21 sumur rata-rata hanya 10 MMSCFD. Kapasitas ini akan ditingkatkan menjadi 14 MMSCFD pada 2018.

Sedangkan dari total 34 sumur di WK Brantas kapasitas akan terus ditingkatkan hingga mencapai 20 MMSCFD pada akhir 2017 dan meningkat menjadi 40 MMSCFD pada 2018. Buyer tetap gas Lapindo di antaranya PGN dengan kontrak permintaan 8 MMSCFD dan Aneka Usaha 2,2 MMSCFD.

Sementara itu Kepala Urusan Humas SKK Migas Perwakilan Jabanusa Moh Fatah Jasin mengatakan surat perpanjangan kontrak Lapindo Brantas memang sudah diajukan ke pemerintah. 

“Saat ini masih dikaji oleh pemerintah. Apakah tetap diberikan ke Lapindo Brantas atau diberikan ke operator lain setelah melalui proses lelang, itu semua kewenangan pemerintah,” katanya.

Disinggung apakah ada operator lain yang tertarik untuk menggarap WK Brantas, Fatah menyebut sampai saat ini sepanjang yang diketahuinya masih belum ada. Namun dia melihat ada keinginan besar dari Lapindo Brantas untuk tetap bisa mengeksplorasi sumur-sumur di wilayah kerjanya.

Fatah menjelaskan saat ini total produksi migas secara nasional 800 ribu barel per hari, sedangkan konsumsi 1,6 juta barel per hari. Ini artinya ketersediaan migas secara nasional jauh dari konsumsi. Karena itu operator migas dituntut untuk memacu produksinya. 

“Memacu produksi di sumur-sumur yang dimiliki tidak hanya soal penerimaan negara, tetapi juga untuk menjaga kebutuhan energi nasional,” katanya. 

Bhirawa, Page-5, Wednesday, Nov 8, 2017

Ministry of ESDM Revised Again Beleid Gross Split

The Ministry of Energy and Mineral Resources (ESDM) changed the rules about gross split. If this happens, ESDM Minister Ignatius Jonan has changed this rule twice. Previously, replacing the Regulation of Minister of Energy and Mineral Resources No. 8 of 2017 on Production Sharing Contracts Gross Split into Ministerial Regulation number 52 of 2017.

In Ministerial Regulation 52/2017, ESDM provides a number of incremental split incentives for KKKS under certain provisions contained in Ministerial Regulation 52/2017. In this revision, Jonan will add another provision on the addition of split, to replace indirect tax paid by KKKS.

The provisions that start from the first oil production (first oil) to reach the field economy. The amount of split addition is determined directly based on the discretion of the Minister of EMR.

"Indirect tax is not regulated in the Government Regulation (PP) but it is handed over to us," said Secretary General of Oil and Gas Susyanto, Tuesday (7/11).

However, the limitation of split addition is not regulated in revision of Ministerial Regulation 52/1017. Because the tax payment each field is different. Besides the addition of indirect tax split from first oil to reach the economy, indirect tax exemption also during the exploration period until first oil and gas production. 

  During this time the tax expenditure during the exploration period until first oil became the largest expenditure of KKKS. Therefore, the government decided to indirectly indemnify taxes during the development plan (POD) up to first oil.

IN INDONESIA

Kementerian ESDM Revisi Lagi Beleid Gross Split

Kementerian Energi dan Sumber Daya Mineral (ESDM) mengubah lagi aturan soal gross split. Jika ini terjadi, maka Menteri ESDM Ignasius Jonan sudah mengubah aturan ini dua kali. Sebelumnya, mengganti Peraturan Menteri ESDM Nomor 8 Tahun 2017 tentang Kontrak Bagi Hasil Gross Split menjadi Peraturan Menteri nomor 52 Tahun 2017.

Dalam Peraturan Menteri 52/2017, ESDM memberikan sejumlah insentif penambahan split bagi KKKS dengan beberapa ketentuan yang ada dalam Peraturan Menteri 52/2017. Dalam revisi kali ini, Jonan akan kembali menambahkan satu ketentuan tentang penambahan split, uutuk mengganti pajak tidak langsung (indirect tax) yang dibayar KKKS.

Ketentuan itu mulai dari produksi minyak pertama kali (first oil) hingga mencapai keekonomian lapangan. Besaran penambahan split ditentukan langsung berdasarkan diskresi Menteri ESDM. 

"Indirect tax tidak diatur di Peraturan Pemerintah (PP) tapi diserahkan ke kami. Nah penggantian split tidak usah diatur di PP tapi Peraturan Menteri kami yang atur," jelas Sekretaris Dirjen Migas Susyanto Selasa(7/11).

Namun batasan penambahan split tidak diatur dalam revisi Peraturan Menteri 52/ 1017 . Pasalnya pembayaran pajak setiap lapangan berbeda-beda. Selain penambahan split pajak tidak langsung dari first oil hingga mencapai keekonomian, pembebasan pajak tidak langsung juga selama masa eksplorasi hingga produksi migas pertama kali. 

     Selama ini pengeluaran pajak selama masa eksplorasi hingga first oil menjadi pengeluaran terbesar KKKS. Oleh karena itu, pemerintah memutuskan membebaskan pajak tidak langsung selama rencana pengembangan (POD) hingga first oil.

Kontan, Page-14, Wednesday, Nov 8, 2017