5 Winners Announced Late January 2018

The Ministry of Energy and Mineral Resources confirmed the results of an oil and gas block auction held since 2017 will be announced at the end of January 2018.

In addition, the management decision of four oil and gas blocks that are under contract by PT Pertamina will be decided in the near future. Pertamina, as a national oil and gas company, has the right to match to immediately take over the oil and gas working area that has been exhausted.

Archandra Tahar

Deputy Minister of Energy and Mineral Resources (ESDM) Archandra Tahar said the auction results of the oil and gas block will be announced earlier than the previous plan, ie at the end of January 2018. Previously, the Ministry of Energy and Mineral Resources auction results announced in early February 2018.

 "We are accelerating for the exploration process can also be faster for the 'winners of the auction," he said on Monday (22/1).

Archandra was reluctant to ensure the winners of the auction that there is only one enthusiast.

"Later the certainty, wait for the results out," he said.

In 2017, the ESDM Ministry offers 10 conventional oil and gas blocks and 5 unconventional oil and gas blocks. A total of five out of 10 conventional oil and gas blocks are attractive to investors while five non-conventional oil and gas blocks are still unattractive. The five oil and gas blocks are all part of seven oil and gas blocks with direct appointment schemes.

The five blocks consist of the Andaman I work area in demand by Mubadala Petroleum. The Andaman II working area attracted three investors, Repsol Exploracion SA, PT Energi Mega Persada Tbk, and Premier Oil Far East Ltd. consortium, Mubadala Petroleum. and Kris Energy.

Merak-Lampung working area is interested by PT Tansri Madjid Energi. Then, for the work area, Pekawai and West Yamdena respectively enthused by PT Saka Energy Indonesia. The company filed for auction documents last year.

Previously, the ESDM ministry noted that there were 20 tender documents for the auction of conventional oil and gas working areas being accessed with a total of 13 companies interested in the 10 conventional blocks. then, there is also one company that accesses two documents of unconventional oil and gas working area. However, all that is limited to access to the only documents that remain for five conventional blocks only.

DECREE OF PERTAMINA

In addition, the ESDM Ministry will also confirm Pertamina's decision to take the right to four termination blocks granted since the beginning of this year. Deputy Minister of EMR Arcandra Tahar said that Pertamina's privilege decision will be decided shortly.

"The result is whether Pertamina will take the right to match or will not be confirmed in the near future," he said.

The Ministry of Energy and Mineral Resources grants Pertamina privileges to manage four blocks to be terminated this year. The four blocks are Tuban Block, Southeast Sumatra Block, Ogan Komering Block and Sanga-Sanga Block. Meanwhile, the management of the Central Block is combined with the Mahakam Block and the Offshore North Sumatera Block (NSO) technically combined with North Sumatra B (NSB).

Ego Syahrial

Implementing the task of the Director General of Oil and Gas at the Ministry of Energy and Mineral Resources Ego Syahrial explained that Pertamina has been appointed to directly manage eight oil and gas blocks whose contract has expired (termination) this year. However, Pertamina requested six oil and gas blocks with two block management records combined so that the remaining four blocks.

IN INDONESIA

5 Pemenang Diumumkan Akhir Januari 2018  

Kementerian Energi dan Sumber Daya Mineral memastikan hasil lelang blok minyak dan gas bumi yang digelar sejak 2017 akan diumumkan pada akhir Januari 2018.

Selain itu, keputusan pengelolaan empat blok migas yang habis kontrak oleh PT Pertamina akan diputuskan dalam waktu dekat. Pertamina, sebagai perusahaan migas nasional, memiliki hak istimewa (right to match) untuk langsung mengambil alih wilayah kerja migas yang sudah habis.

Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengatakan, hasil lelang blok migas akan diumumkan lebih awal dari rencana sebelumnya, yakni pada akhir Januari 2018. Sebelumnya, Kementerian ESDM menargetkan hasil lelang diumumkan pada awal Februari 2018.

 "Kami percepat agar proses eksplorasinya juga bisa lebih cepat bagi para ‘pemenang lelang,” ujamya, Senin (22/1).

Arcandra pun enggan memastikan pemenang lelang yang hanya ada satu peminat. 

“Nanti saja kepastiannya, tunggu hasilnya keluar,” ujarnya.

Pada 2017, Kementerian ESDM menawarkan 10 blok migas konvensional dan 5 blok migas nonkonvensional. Sebanyak lima dari 10 blok migas konvensional diminati investor sedangkan lima blok migas nonkonvensional masih tidak diminati. Lima blok migas yang diminati itu semua bagian dari tujuh blok migas dengan skema penunjukkan langsung.

Kelima blok itu terdiri atas wilayah kerja Andaman I diminati oleh Mubadala Petroleum. Wilayah kerja Andaman II diminati tiga investor, yakni Repsol Exploracion SA, PT Energi Mega Persada Tbk., dan konsorsium Premier Oil Far East Ltd., Mubadala Petroleum. dan Kris Energi. 

Wilayah kerja Merak-Lampung diminati oleh PT Tansri Madjid Energi. Kemudian, untuk wilayah kerja Pekawai dan West Yamdena masing-masing diminati oleh PT Saka Energi Indonesia. Perusahaan itu memasukkan dokumen lelang menjelang tutup tahun lalu. 

Sebelumnya, kementerian ESDM mencatat ada 20 dokumen penawaran lelang wilayah kerja migas konvensioal telah diakses dengan total 13 perusahaan yang meminati 10 blok konvensional tersebut. lalu, ada pula satu perusahaan yang mengakses dua dokumen wilayah kerja migas nonkonvensional. Namun, semua itu baru sebatas melakukan akses hingga yang memasukkan dokumen tersisa untuk lima blok konvensional saja.

KEPUTUSAN PERTAMINA

Selain itu, Kementerian ESDM juga akan memastikan keputusan Pertamina untuk mengambil hak terhadap empat blok terminasi yang diberikan sejak awal tahun ini. Wakil Menteri ESDM Arcandra Tahar mengatakan bahwa keputusan hak istimewa Pertamina akan diputuskan sebentar lagi.

“Hasilnya apakah Pertamina akan mengambil right to match atau tidak akan dipastikan dalam waktu dekat,” ujarnya.

Kementerian ESDM memberikan hak istimewa kepada Pertamina untuk mengelola empat blok yang akan terminasi tahun ini. Keempat blok itu antara lain Blok Tuban, Blok Southeast Sumatera, Blok Ogan Komering, dan Blok Sanga-sanga. Sementara itu, pengelolaan Blok Tengah digabung dengan Blok Mahakam dan Blok North Sumatera Offshore (NSO) teknisnya digabung degan North Sumatera B (NSB).

Pelaksana tugas Dirjen Migas Kementerian ESDM Ego Syahrial menjelaskan, Pertamina sudah ditunjuk untuk langsung mengelola delapan blok migas yang kontraknya sudah habis (terminasi) pada tahun ini. Namun, Pertamina meminta enam blok migas dengan catatan pengelolaan dua blok digabung sehingga yang tersisa empat blok. 

Bisnis Indonesia, Page-30, Tuesday, Jan 23, 2018

Pertamina's Profit Down

The net profit of PT Pertamina during 2017 was eroded as the government chose to maintain public purchasing power by not raising Premium and diesel prices.

Pertamina's profit in 2017 reached around Rp 27 trillion. As for, until the third quarter / 2017, the profit of this state-owned company reached US $ 1.99 billion.

"The increase in world oil prices has become one of the main causes of Pertamina's decline in profit because there is no adjustment of fuel price [fuel]," he said.

He said that although world oil prices continued to move from the level of US $ 40 per barrel since mid-2017 to reach US $ 60 per barrel in early 2018, the government did not adjust the price of Premium and diesel fuel.

The Premium and diesel prices set by the government throughout 2017 amounted to Rp 6,550 and Rp 5,100 per liter, respectively, assuming that the Indonesian crude oil price (ICP) is at US $ 48 per barrel.

On the other hand, Pertamina has tasted the positive impact of low world oil prices with a profit surge of more than twice as much as US $ 3.15 billion in 2016 compared to the previous year of US $ 1.45 billion.

When Bisnis confirmed this, Pertamina Finance Director Arief Budiman declined to comment, He is still reluctant to explain the company's net profit factor.

"Later, wait for the official exposure," he said on Monday (22/1).

Komaidi Notonegoro, ReforMiner Energy Observer, said that the decline in Pertamina's net profit over the past year could be due to a one-price fuel policy and a government unwilling to raise diesel and Premium prices.

According to Komaidi, when the global crude oil price trends are rising, global oil and gas companies should be able to gain more profit.

"I think Pertamina's upstream business needs to register an increase, but it has to sacrifice its downstream business for the sake of society," he said.

On the other hand, Pertamina is preparing a plan to release PT Pertamina Gas to PT Perusahaan Gas Negara (Persero) Tbk. as part of a plan for holding state-owned oil and gas companies. Pertamina Gas Corporate Secretary (Pertagas) Arif Widodo said it was ready with the acquisition plan by Perusahaan Gas Negara (PGN).

"We also focus on joint operation arrangements so that the interests of consumers are not disturbed during the acquisition process," he said.

The Ministry of State-Owned Enterprise (BUMN) projected the formation of BUMN holding of oil and gas can create total asset value of Rp 941 Trillion. The amount is derived from the merger of assets of Pertamina, PGN assets, operational synergies and capital expenditure and investment capacity for 15 years.

IN INDONESIA

Laba Pertamina Turun

Laba bersih PT Pertamina sepanjang 2017 tergerus karena pemerintah memilih untuk menjaga daya beli masyarakat dengan tidak menaikkan harga Premium dan solar.

Laba Pertamina pada 2017 mencapai sekitar Rp 27 triliun. Adapun, sampai dengan kuartal III/2017, laba perusahaan milik pemerintah ini mencapai US$ 1,99 miliar.

“Kenaikan harga minyak dunia menjadi salah satu penyebab utama penurunan laba Pertamina karena tidak ada penyesuaian harga BBM [bahan bakar minyak],” katanya.

Dia mengatakan, kendati harga minyak dunia terus bergerak naik dari level US$ 40 per barel sejak pertengahan 2017 hingga mencapai US$ 60 per barel pada awal 2018, pemerintah tidak melakukan penyesuaian harga Premium dan solar.

Adapun harga Premium dan solar yang ditetapkan pemerintah sepanjang 2017 masing-masing Rp 6.550 dan Rp 5.100 per liter dengan asumsi harga minyak mentah Indonesia (ICP) US$ 48 per barel.

Di sisi lain, Pertamina telah mengecap dampak positif harga minyak dunia yang rendah dengan lonjakan laba lebih dari dua kali banyaknya menjadi US$ 3,15 miliar pada 2016 dibandingkan dengan tahun sebelumnya US$ 1,45 miliar.

Ketika Bisnis mengonfirmasi hal tersebut, Direktur Keuangan Pertamina Arief Budiman menolak memberikan komentar, Dia juga masih enggan memaparkan faktor penurunan laba bersih perseroan.

“Nanti, tunggu paparan resminya saja," ujarnya, Senin (22/1).

Komaidi Notonegoro, Pengamat Energi ReforMiner, mengatakan bahwa penurunan laba bersih Pertamina sepanjang tahun lalu bisa disebabkan oleh kebijakan BBM satu harga dan pemerintah yang enggan menaikkan harga solar dan Premium.

Menurut Komaidi, di saat tren harga minyak mentah dunia yang meningkat, perusahaan migas secara global seharusnya bisa mendapatkan keuntungan yang lebih banyak.

“Saya pikir seharusnya dari segi bisnis hulunya Pertamina mencatatkan kenaikan, tetapi memang harus berkorban pada bisnis hilirnya demi masyarakat,” ujarnya.

Di sisi lain, Pertamina sedang menyusun rencana pelepasan PT Pertamina Gas kepada PT Perusahaan Gas Negara (Persero) Tbk. sebagai bagian dari rencana pembentukan holding BUMN minyak dan gas. Sekretaris Korporasi Pertamina Gas (Pertagas) Arif Widodo mengatakan, pihaknya sudah siap dengan rencana akuisisi oleh Perusahaan Gas Negara (PGN).

"Kami pun juga fokus untuk melakukan pengaturan operasi bersama agar kepentingan konsumen tidak terganggu selama proses akuisisi tersebut,” ujarya.

Kementerian BUMN memproyeksikan pembentukan holding BUMN migas dapat menciptakan total nilai aset mencapai Rp 941 Triliun. Jumlah itu berasal dari penggabungan aset Pertamina, aset PGN, sinergi operasional dan belanja modal serta kapasitas investasi selama 15 tahun.

Bisnis Indonesia, Page-1, Tuesday, Jan 23, 2018

Pertamina hits pay dirt in Algeria

Energy giant Pertamina is set to expand its presence in Algeria following a generous deal with a local firm that will pave the way for the state-owned company to operate a new oil and gas block without any acquisition costs.

The deal was made in December as Pertamina amended a memorandum of understanding (MoU) that was originally signed with Algerian state energy firm Sonatrach in September 2016.

Through the amended MoU, Pertamina claimed it would be able to jointly develop with Sonatrach a new oil asset in Algeria with total reserves of 100 million barrels of oil and an estimated production rate of 20,000 to 30,000 barrels of oil per day (bopd).

“This is a government-to-government deal. [...] We will get some participating interest in a block without any acquisition costs,” Pertamina upstream director Syamsu Alam said on Thursday, without disclosing the name of the block.

“Later, all of our disbursed costs will be accounted for as investments.”

Syamsu Alam

Syamsu said Sonatrach had drilled 30 development wells at the block but had yet to start the production process there. He also said as the block was located near Pertamina’s existing assets in Algeria, the company would be able to use shared facilities once the deal is done.

At present, Pertamina, through subsidiary Pertamina Internasional EP (PIEP), has participating interest at three oil and gas fields in Algeria, namely at the MLN field with 65 percent interest, the EMK field with 16.9 percent and the OHD field with 3.73 percent.

       Pertamina and Sonatrach are expected to soon finalize their deal and settle commercial terms before submitting a plan of development (POD) to the Algerian oil and gas authority.

Pertamina. is also looking to buy liquefied petroleum gas (LPG) from Sonatrach, though no further details are currently available. Meanwhile, Pertamina sent a proposal to Iranian government-owned National Iranian Oil Company (NIOC) in February 2017 to develop two oil and gas fields in Iran, namely the Ab-Teymour and Mansouri fields.

The two fields are estimated to have 1.5 billion barrels of reserves each and expected to produce 200,000 bopd each. Pertamina aims to increase its overall overseas oil production by 3.8 percent year-on-year to 108,000 bopd this year, while gas production is projected to fall by 3.27 percent to 266 million standard cubic feet per day (mmscfd).

In the long run, Pertamina aims to jack up its total oil and gas production to 1.9 million barrels of oil equivalent per day (boepd) by 2025, 34.2 percent of which will come from its over-seas fields.

Pertamina’s decision to be more aggressive in overseas territories has come in the wake of a decline in national oil production. Indonesia’s oil production has dwindled to around 800,000 bopd at present from around 1.2 million bopd in the early years of the 21S‘ century. As production has been falling, the country has been forced to import around 60 percent of its current oil needs of 1.6 million bopd.

BMI Research, a unit of Fitch Group, projected Indonesia’s crude oil and natural gas production will decline at an average annual rate of 1.7 percent and 4 percent, respectively, over the 2017-2021 period.

“Indonesia’s crude oil and natural gas production is set to see firm declines [...] amid slowing investment into new projects to counter natural declines at mature assets,” BMI Research says in a report published in August 2017.

“Moreover, although We believe oil prices will improve over the coming years, the gradual pace of the rebound, particularly over the next two years, will continue to drag on firms’ appetite for costly output maintenance works at aging fields.”

The price of global benchmark Brent crude reached last year’s peak of US$67.02 per barrel on Dec. 26 after falling to $ 44182 on June 21. The price hovered at around $68 on Friday. Pertamina has allocated $ 5.6 billion in capital expenditure this year, up from $4 billion in 2017. 

About 60 percent of the allocated figure will be used to support the company’s upstream business activities, including the acquisition of overseas blocks.

the Jakarta Post, Page-13, Monday, Jan 22, 2018

Pertamina Optimizes Blocks Overseas

PT Pertamina targets oil and gas production and overseas work areas abroad this year at 108,000 barrels of oil equivalent per day.

This government-owned company will also optimize existing oil fields overseas to pursue the target.

Syamsu Alam

Upstream Director of Pertamina Syamsu Alam said that the company's overseas oil and gas production growth is targeted to increase. Over the past year, the increase in oil and gas production has been driven by oil and gas blocks in Gabon and Iraq.

"This year, we can pursue the production of 108,000 barrels of oil equivalent per day with the optimization of available overseas blocks," he said, Friday (19/1).

Pertamina oil field production target is not too aggressive when compared with last year. The company only targets a 3.84 percent increase compared to last year's 104,000 barrel of oil equivalent per day (boepd).

In 2017, the company actually recorded a significant increase in oil and gas production overseas, 18% to 18.18% compared to the previous year. Oil and gas production abroad is higher than the previously set target of 92,000 barrels of oil equivalent per day.

In detail, Pertamina's gas production from overseas oil and gas fields in 2017 recorded a substantial increase of 26.14% to 275 million cubic feet per day (MMscfd) compared to the previous year. In addition, Pertamina is exploring to acquire new oil and gas blocks in Algeria this year.

Syamsu said that the company did not use the acquisition scheme in obtaining oil and gas blocks in Algeria. The costs incurred by Pertamina were directly for investment, not for acquisition.

"We went there with the spirit of G to G [government to government / inter-governmental cooperation]. We are still waiting to be able to share how many shares there, "he said.

Archandra Tahar

Related to the plan, Deputy Minister of Energy and Mineral Resources (ESDM) Archandra Tahar admitted that it is still waiting for the official report from Pertamina.

"I have not got the official report yet," he said.

Oil and gas blocks in Algeria to be worked on by Pertamina with Sonatrach, Algeria oil and gas company, there are 30 wells that have not been produced. Syamsu added that his company could not estimate the time the company could enter the new block in Algeria.

"How fast can get in there, it all depends on the results of the assessment," he said.

Therefore, he did not include the potential of the new oil and gas block in Algeria into the company's oil and gas production target abroad this year.

East Natuna Block

EAST NATUNA

Meanwhile, Pertamina has got a partner candidate to work on East Natuna Block. The potential partner has officially filed for being a partner company in managing East Natuna. However, the company's identity was not PetroChina International Company, who had expressed interest in becoming a partner of the government-owned company in the block.

Syamsu Alam said that the consortium of East Natuna Block is now disbanded. the company was looking for a company who are interested in partnering in managing the block.

"There is already an official interest, we hope to have more than one partner if we see the difficulty of managing the block."

Previously, Pertamina with ExxonMobil and PTT EP Thailand became a consortium to manage East Natuna Block. However, ExxonMobil & PTT EP decided to leave in the middle of last year.

IN INDONESIA

Pertamina Optimalkan Blok di Luar Negeri

PT Pertamina menargetkan produksi minyak dan gas bumi dan wilayah kerja perushaan yang berada di luar negeri pada tahun ini sebesar 108.000 barel setara minyak per hari.

Perusahaan milik pemerintah ini pun akan mengoptimalisasi lapangan minyak yang sudah ada di luar negeri untuk mengejar

target tersebut. 

Direktur Hulu Pertamina Syamsu Alam mengatakan, pertumbuhan produksi minyak dan gas bumi perusahaan di luar

negeri ditargetkan terus meningkat. Sepanjang tahun lalu, kenaikan produksi migas perusahaan didorong oleh blok migas di Gabon dan Irak.

“Pada tahun ini, kami kejar bisa produksi 108.000 barel ekuivalen [minyak] per hari dengan optimalisasi blok di luar negeri yang tersedia,” ujarnya, Jumat (19/1).

Target produksi lapangan minyak Pertamina itu tidak terlalu agresif bila dibandingkan dengan tahun lalu. Pasalnya, perusahaan hanya menargetkan kenaikan 3,84% dibandingkan realisasi sepanjang tahu lalu yang sebesar 104.000 barel setara minyak per hari (barrel of oil equivalent per day/boepd).

Pada 2017, perusahaan justru mencatatkan kenaikan produksi migas di luar negeri yang signifikan, yaini 18,18% dibandingkan dengan tahun sebelumnya. Produksi migas di luar negeri perusahaan pun lebih tinggi dari target yang ditetapkan sebelumnya sebesar 92.000 barel setara minyak per hari.

Secara rinci, produksi gas bumi Pertamina yang berasal dari lapangan migas di luar negeri pada 2017 mencatatkan kenaikan cukup tinggi, yaitu sebesar 26,14% menjadi 275 juta kaki kubik per hari (MMscfd) dibandingkan dengan tahun sebelumnya. Selain itu, Pertamina sedang melakukan penjajakan untuk mendapatkan blok migas baru di Aljazair pada tahun ini.

Syamsu menuturkan, perusahaan tidak menggunakan skema akuisisi dalam mendapatkan blok migas di Aljazair Biaya yang dikeluarkan oleh Pertamina pun langsung untuk investasi, bukan untuk akuisisi. 

“Kami masuk ke sana dengan semangat G to G [goverment to goverment/kerja sama antar pemerintah]. Kami pun masih menunggu nanti akan dapat bagian saham berapa banyak di sana ,” tuturnya.

Terkait dengan rencana itu, Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengaku bahwa pihaknya masih menunggu laporan resmi dari Pertamina. 

“Saya belum mendapatkan laporan resminya,” ujarnya.

Blok migas di Aljazair yang akan digarap Pertamina bersama Sonatrach, perusahaan migas Aljazair, sudah terdapat 30 sumur yang belum produksi. Syamsu menambahkan, pihaknya tidak bisa memperkirakan waktu perusahaan bisa masuk ke blok baru di Aljazair tersebut. 

“Seberapa cepat bisa masuk ke sana, semua tergantung kepada hasil dari penjajakan,” tuturnya.

Untuk itu, dia tidak memasukkan potensi garapan blok migas barn di Aljazair itu ke dalam target produksi migas perusahaan di luar negeri pada tahun ini. 

EAST NATUNA

Sementara itu, Pertamina sudah mendapatkan calon mitra untuk menggarap Blok East Natuna. Calon mitra itu telah mengajukan secara resmi untuk menjadi mitra perusahaan dalam mengelola East Natuna. Namun, identitas perusahaan itu bukan Petrochina Intemasional Companies, yang sempat mengutarakan ketertarikan menjadi mitra perusahaan milik pemerintah itu di blok tersebut.

Syamsu Alam mengatakan, konsonsium Blok East Natuna saat ini sudah bubar. perusahaan pun tengah mencari perusahaan yang berminat untuk bermitra dalam mengelola blok tersebut. 

“Sudah ada yang berminat secara resmi, kami berharap bisa lebih dari satu mitra kalau melihat tingkat kesulitan mengelola blok tersebut.“

Sebelumnya, Pertamina bersama ExxonMobil dan PTT EP Thailand menjadi satu konsorsium untuk mengelola Blok East Natuna. Namun, ExxonMobil & PTT EP memutuskan untuk keluar pada pertengahan tahun lalu.

Bisnis Indonesia,Page-30, Monday, Jan 22, 2018

Pertamina to Invest Sonatrach Block in Algeria

PT Pertamina continues its long-standing plans to acquire oil and gas blocks overseas. This year, Pertamina will focus on acquiring oil and gas blocks in Algeria.

Syamsu Alam

Upstream Director of Pertamina Syamsu Alam explained that Pertamina is eyeing a block of oil and gas in Algeria. The block has entered the development stage after completing the exploration phase by drilling 30 wells.

In addition, the location of Pertamina's oil and gas block is also adjacent to the existing block of Pertamina in Algeria. Later can combine production facilities there. Pertamina is currently in the process of discussions with Sonatrach for the investment plan in the oil and gas block.

"Actually it's the work area of Sonatrach, if it's convenient, we can go in there," Alam said last weekend.

Later Pertamina will not be the operator. Pertamina enters the oil and gas block by not acquiring the Participating Interest (Pl) rights of Sonatracth. SOEs That directly invests as Sonatrach partners. In addition to Algeria, Pertamina is completing the effort to participate in getting one of the oil and gas blocks in Iran, the Mansouri Block.

Pertamina hopes to become an operator in the block. However, Pertamina still has to wait for the Iranian government's decision to be announced in April 2018. The Mansouri block is projected to produce 250,000-300,000 barrels of oil per day.

IN INDONESIA

Pertamina Akan Investasi Blok Sonatrach di Aljazair

PT Pertamina meneruskan rencana lama untuk mengakuisisi blok-blok migas di luar negeri. Khusus tahun ini, Pertamina akan fokus untuk melakukan akuisisi blok migas di Aljazair.

Direktur Hulu Pertamina Syamsu Alam menjelaskan, Pertamina sedang mengincar satu blok migas di Aljazair. Blok tersebut sudah masuk tahapan pengembangan setelah menyelesaikan tahapan eksplorasi dengan pengeboran 30 sumur.

Selain itu, lokasi blok migas incaran Pertamina ini juga berdekatan dengan blok eksisting Pertamina di Aljazair. Nanti bisa menggabungkan fasilitas produksi di sana. Saat ini Pertamina sedang dalam proses diskusi dengan Sonatrach untuk rencana lnvestasi di blok migas tersebut. 

"Sebenarnya itu wilayah kerja Sonatrach. Kalau nyaman, kami bisa masuk ke sana," kata Alam, akhir pekan lalu.

Nantinya Pertamina tidak akan menjadi operator. Pertamina masuk ke blok migas tersebut tidak dengan mengakuisisi hak partisipasi alias Participating Interest (Pl) Sonatracth. BUMN ltu langsung berinvestasi sebagai mitra Sonatrach. Selain Aljazair, Pertamina sedang merampungkan upaya ikut dalam mendapatkan salah satu blok migas dl Iran, yaitu Blok Mansouri. 

Pertamina berharap bisa menjadi operator di blok tersebut. Namun Pertamina masih harus menunggu keputusan Pemerintah Iran yang akan diumumkan pada April 2018 mendatang. Blok Mansouri diproyeksikan bisa memproduksi minyak mencapai 250.000-300.000 barel per hari.

Kontan, Page-14, Monday, Jan 22, 2018

Pertamina and EP Bentu Limited Signs Handle Gas Sale and Purchase

The commitment of PT Pertamina (Persero) to implement the Refinery Development Master Plant (RDMP) program to increase the capacity and complexity of the Refinery is realized with various operational support preparation steps.

One is the fulfillment of the gas supply for the refinery operations conversion phase as well as to support the RDMP project in Dumai Refinery Unit (RU) II. To meet the gas needs, Pertamina entered into a Gas Sales and Purchase Agreement (PJBG) with EMP Bentu Limited.

The signing of gas sale and purchase agreement was conducted by Pertamina Gas Director Yenni Andayani with EMP Bentu Limited CEO Imam R Agustino at Pertamina Head Office. The PJBG will last for 4 years from October 2018 to May 2021, with a total contract volume of 56 trillion british thermal units (TBTU).

Gas Director of Pertamina, Yenni Andayani said the move is Pertamina's effort to fulfill the gas requirement at Kilang Dumai during the conversion phase which is estimated to start in mid-2018 until 2020 by 57 million standard cubic feet per day (MMSCFD), then proceed to the next phase year 2021 to the implementation of an RDMP project requiring 120 MMSCFD of gas volume.

"With this signing is expected to increase gas utilization and fuel conversion in the refinery can be done in line with the development of both transmission and distribution infrastructure. On the other hand, the fulfillment of gas in Refinery in RDMR project will encourage refinery production increase in meeting the national fuel needs of quality and standard EURO IV / V "said Yenni.

EMP Bentu Limited CEO, Imam P Agustino stated that this synergy is the first for EMP Bentu Limited with Pertamina which is expected to be continued with other cooperation.

"We have a lot of working areas with gas output that can meet the needs of partners, so that in the future hope to still be working with Pertamina"  he said.

Especially for Dumai Refinery, EMP Bentu will supply two-phase gas, from Seng Field, Segat, Bentu, Penar and Terusan located in Bentu Work Area, with a delivery point at Seng Segat Delivery Station (SSDS) at Tapping Point SV-1306 PTTGI, Pelalawan District, Riau.

Yenni expects gas supply in the first phase to be realized on time, as Duri Duri's pipeline, readiness at Dumai refinery, and gas facilities from the seller not later than July 2018.

The construction of Duri-Dumai transmission pipeline has been started since mid-November 2017 between Pertamina and PT Transportasi Gas Indonesia (TGI) which is a subsidiary of PT PGN.

Construction of the pipeline is the government's assignment to Pertamina and PGN in the development and operation of the joint gas pipeline from Duri to Dumai, through the Ministerial Decree ESDM No. 5975 K / 12 / MEM / 2016 dated 27 June 2016, in an effort to support the optimization of natural gas utilization for domestic needs, especially for Refinery Unit II Dumai and industries in South Sumatra, Riau and Jambi.

IN INDONESIA

Pertamina dan EP Bentu Limited Tanda Tangani Jual Beli Gas

Komitmen PT Pertamina (Persero) dalam melaksanakan program Refinery Development Master Plant (RDMP) untuk meningkatkan kapasitas dan kompleksitas Kilang, direalisasikan dengan berbagai langkah persiapan pendukung operasional.

Salah satunya pemenuhan pasokan gas untuk fase konversi operasional kilang serta untuk mendukung proyek RDMP di Refinery Unit (RU) II Dumai. Untuk memenuhi kebutuhan gas tersebut, Pertamina melakukan Perjanjian Jual Beli Gas Bumi (PJBG) dengan EMP Bentu Limited. 

Penandatanganan kerja sama jual beli gas, dilakukan oleh Direktur Gas Pertamina Yenni Andayani dengan CEO EMP Bentu Limited Imam R Agustino di Kantor Pusat Pertamina. PJBG akan berlangsung selama 4 tahun mulai bulan Oktober 2018 sampai Mei 2021, dengan total volume kontrak sebesar 56 triliun british thermal unit (TBTU).

Direktur Gas Pertamina, Yenni Andayani menyatakan langkah tersebut merupakan upaya Pertamina dalam memenuhi kebutuhan gas di Kilang Dumai pada tahap konversi yang diperkirakan dimulai pada pertengahan tahun 2018 sampai dengan 2020 sebesar 57 juta standar kaki kubik per hari (MMSCFD), kemudian dilanjutkan ke tahap selanjutnya pada tahun 2021 sampai dengan pelaksanaan proyek RDMP yang memerlukan volume gas sebesar 120 MMSCFD.

“Dengan adanya penandatanganan ini diharapkan utilisasi gas meningkat dan konversi bahan bakar di Kilang dapat dilakukan seiring dengan pengembangan infrastruktur baik transmisi maupun distribusi. Di sisi lain pemenuhan gas di Kilang dalam proyek RDMR akan mendorong penigkatan produksi kilang dalam memenuhi kebutuhan BBM nasional yang berkualitas dan berstandar EURO IV/V”tegas Yenni.

CEO EMP Bentu Limited, Imam P Agustino menyatakan sinergi ini merupakan yang pertama bagi EMP Bentu Limited dengan Pertamina yang diharapkan dapat dilanjutkan dengan kerja sama lainnya. 

“Kami memiliki banyak wilayah kerja dengan hasil gas yang bisa memenuhi kebutuhan mitra, sehingga ke depan berharap masih bisa bekerjasama dengan Pertamina" ungkanya.

Khusus untuk Kilang Dumai, EMP Bentu akan memasok gas dua tahap, dari Lapangan Seng, Segat, Bentu, Penar dan Terusan yang berada di Wilayah Kerja Bentu, dengan titik penyerahan di Seng Segat Delivery Station (SSDS) di Tapping Point SV-1306 PTTGI, Kabupaten Pelalawan, Riau.

Yenni berharap pasokan gas pada tahap pertama dapat terealiasi tepat Waktu, seiring dengan selesainya pembangunan pipa Duri-Dumai, kesiapan di Kilang Dumai, serta fasilitas gas dari penjual selambat-lambatnya pada Juli 2018.

Pembangunan pipa transmisi Duri-Dumai telah di mulai sejak pertengahan November 2017 antara Pertamina dengan PT Transportasi Gas Indonesia (TGI) yang merupakan anak usaha dari PT PGN. 

     Pembangunan pipa tersebut merupakan penugasan pemerintah kepada Pertamina dan PGN dalam pembangunan dan pengoperasian bersama pipa gas bumi dari Duri ke Dumai, melalui Keputusan Menteri ESDM Nomor 5975 K/12/ MEM/ 2016 tanggal 27 Juni 2016, sebagai upaya mendukung optimalisasi pemanfaatan gas bumi untuk kebutuhan dalam negeri khususnya untuk Refinery Unit II Dumai dan industri di wilayah Sumatera Selatan, Riau, dan Jambi.

Investor Daily, Page-9, Saturday, Jan 20, 2018

Pertamina Adds Oil and Gas Block in Algeria

PT Pertamina (Persero) will have a new oil and gas block in Algeria in partnership with Sonatrach. The additional block will boost overseas oil production to more than 108 thousand barrels per day (bpd).

Upstream Director of Pertamina Syamsu Alam said it had the opportunity to add a block of oil and gas development stage in Algeria. Later, the company will be together with the national oil and gas company Algeria, Sonatrach, working on the block owned by Sonatrach.

Pertamina will hold the ownership of some shares in the block without having to pay.

"We do not buy PI (Participating interest). Our spirit is G to G (government to government), then we go there. We can portion a few percent, the cost is used for investment, so there is no acquisition cost, "he said in Jakarta.

He said, there is no decision whether Pertamina will only be a shareholder or also as an operator in the Block. The reason, it is still in technical and commercial discussions with Sonatrach.

"We do not have to be operators, depending on the conversation with Sonatrach," Alam added.

Unfortunately, he was reluctant to name the block to be taken. Alam explained that the oil and gas block is located near the 405A block owned by the company and 30 wells have been drilled. However, this block has not been produced by Sonatrach. Once entered, the company will work on the development of this block.

"So, later we can develop, then facilities of all kinds can we combine (with Block 405A," he explained.

Previously, Pertamina has signed a memorandum of understanding on the management of oil and gas blocks in Algeria with Sonatrach. Through this new agreement, the Algerian state-owned oil and gas company opens opportunities for Pertamina to develop existing assets and work on new assets with a production potential of 20-30 thousand bpd and total reserves of more than 100 million barrels of oil.

Following this signing, Pertamina and Sonatrach will finalize the agreement and settlement commercial terms. Furthermore, the company will submit a plan of development (POD) to the oil and gas authority in Algeria.

Nature once mentioned, the discussion with Sonatrach will last until the beginning of this year. However, he has not been able to confirm when a contract with Sonatrach is signed.

"The contract depends on the discussion," he said.

Pertamina currently holds shares in three fields in Block 405A in Algeria through its subsidiary, PT Pertamina International - EP (PIEP).

PIEP is the operator and the majority management holder of 65% in MLN Field. Not only that, PIEP also has management rights in EMK field of 16.9% and in Ourhoud field 3.73%.

Production Up

With the addition of new blocks, Alam said, the company's oil production from oil and gas blocks abroad will exceed the target of 108 thousand bpd.

Because the target has not calculated the additional production of oil and gas blocks that will be taken Pertamina this year.

"That (108 thousand bpd) of the optimization of the existing (assets)," he said.

Unfortunately, he does not yet know how much of a new oil and gas block. In addition to Algeria, the company is also targeting a block of oil and gas in Iran, the Mansouri Block. Oil production from this block is estimated to reach 250-300 thousand bpd. Later, Pertamina will hold 30% ownership, 20% local company partners, and the rest of its partners.

The Company is targeting to sign this block contract in April.

"To the Mansouri Block, [we] as operators," Alam said.

Pertamina's oil and gas production from overseas assets is increasing every year. Senior Vice President of Strategic Planning and Operation Evaluation Pertamina Meidawati said oil and gas production from overseas assets is only 88 thousand bpd for oil and 218 mmscfd per day in 2016.

In 2017, this production figure rose to 104 thousand bpd for oil and 275 mmscfd for gas. The realization of oil and gas production exceeds the target set for 2017, which is 92 thousand bpd for oil and 202 mmscfd for gas. The increase in oil production comes from assets in Algeria, while additional gas production from Aliazair and Malaysia.

Target 2018, for oil 108 thousand bpd and gas 266 mmscfd, "he said.

Currently, in addition to Algeria, the company also has assets in Iraq namely West Qurna-1 Field. While in Malaysia, the company holds shares ownership in Block K, Kikeh Block, SN30 Block Block SK309 and Block SK311. Then, after acquiring Maurel & Prom, Pertamina has assets in Gabon, Nigeria, Tanzania, Namibia, Colombia, Canada, Myanmar, Italy, and other countries.

Pertamina said it will rely on oil and gas production from its overseas assets in the future, with a contribution target of 33 percent of the total production of 2025 or equivalent to 650 thousand barrels of oil equivalent per day / boepd.

Acquisitions abroad are needed to minimize the difference in domestic demand and supply of oil and gas in the future. In 2025, Pertamina's oil production is targeted to reach 822 thousand bpd, which is 353 thousand bpd from domestic and 469 thousand bpd from abroad. As for gas, it is targeted to increase to 5.71 billion cubic feet per day, ie 4.23 billion cubic feet of domestic and 1.48 billion cubic feet of foreign assets.

IN INDONESIA

Pertamina Tambah Blok Migas di Aljazair

PT Pertamina (Persero) akan memiliki satu blok migas baru di Aljazair melalui kerja sama dengan Sonatrach. Tambahan blok ini akan menggenjot produksi minyak Iuar negeri perseroan menjadi lebih dari 108 ribu barel per hari (bph).

Direktur Hulu Pertamina Syamsu Alam mengatakan, pihaknya memiliki peluang untuk menambah satu blok migas tahap pengembangan di Aljazair. Nantinya, perseroan akan bersama-sama dengan perusahaan migas nasional Aljazair, Sonatrach, menggarap blok yang dimiliki oleh Sonatrach. Pertamina akan memegang kepemilikan sebagian saham di blok tersebut tanpa harus membayar.

“Kami tidak beli PI (Participating interest/ saham partisipasi). Semangatnya itu kami ada G to G (government to government), kemudian kami masuk situ. Kami dapat porsi beberapa persen, biayanya dipakai untuk investasi, jadi tidak ada acquisition cost,” kata dia di Jakarta.

Dikatakannya, belum ada keputusan apakah Pertamina hanya akan menjadi pemegang saham atau juga sebagai operator di Blok tersebut. Pasalnya, pihaknya kini masih dalam pembahasan teknikal dan komersial dengan Sonatrach. 

“Kami tidak harus jadi operator, tergantung pembicaraan dengan Sonatrach,” tambah Alam.

Sayangnya, dia enggan menyebutkan nama blok yang akan diambil tersebut. Alam hanya menjelaskan, blok migas tersebut berlokasi di dekat Blok 405A yang dimiliki perseroan dan sudah ada 30 sumur yang dibor. Meski demikian, blok ini belum diproduksikan oleh Sonatrach. Begitu masuk, perseroan akan menggarap pengembangan blok ini. 

“Sehingga, nanti kami bisa kembangkan, maka fasilitas segala macam bisa kita gabungkan (dengan Blok 405A,” jelasnya.

Sebelumnya, Pertamina telah meneken revisi nota kesepahaman pengelolaan blok migas di Aljazair dengan Sonatrach. Melalui kesepakatan baru ini, perusahaan migas milik pemerintah Aljazair itu membuka peluang bagi Pertamina untuk mengembangkan aset eksisting serta menggarap aset baru yang memiliki potensi produksi 20-30 ribu bph dan total cadangan lebih dari 100 juta barel minyak.

Pasca penandatanganan ini, Pertamina dan Sonatrach akan memfinalisasi kesepakatan dan melakukan settlement commercial terms. Selanjutnya, perseroan akan mengajukan rencana pengembangan (plan of development/ POD) kepada otoritas migas di Aljazair.

Alam pernah menyebutkan, pembahasan dengan Sonatrach akan berlangsung sampai awal tahun ini. Namun, dia belum dapat memastikan kapan kontrak dengan Sonatrach ditandatangani. 

“Kontrak tergantung pembahasan," kata dia.

Saat ini Pertamina memiliki saham di tiga lapangan dalam Blok 405A di Aljazair melalui anak usahanya, PT Pertamina International- EP (PIEP). PIEP menjadi operator sekaligus pemegang hak kelola mayoritas sebesar 65% di Lapangan MLN. Tidak hanya itu, PIEP juga memiliki hak kelola di lapangan EMK sebesar 16,9% dan di lapangan Ourhoud 3,73%. 

Produksi Naik

Dengan adanya tambahan blok baru, Alam menuturkan, produksi minyak perseroan dari blok migas di luar negeri akan melebihi target 108 ribu bph. Pasalnya, target terse-but belum menghitung tambahan produksi dari blok-blok migas yang akan diambil Pertamina pada tahun ini. 

“Itu (108 ribu bph) dari yang optimasi yang (aset) eksisting,” kata dia. 

Sayangnya dia belum mengetahui berapa tambahan dari blok migas yang baru. Selain di Aljazair, perseroan juga sedang membidik satu blok migas di Iran, yakni Blok Mansouri. Produksi minyak dari blok ini diperkirakan mencapai 250-300 ribu bph. Nantinya, Pertamina akan memegang kepemilikan saham 30%, mitra perusahaan lokal 20%, dan sisanya mitra lainnya. Perseroan menargetkan dapat meneken kontrak blok ini pada April ini. 

“Untuk yang Blok Mansouri, [kami] sebagai operator,” kata Alam.

Produksi migas Pertamina dari aset luar negeri tercatat terus naik setiap tahunnya. Senior Vice President Strategic Planning and Operation Evaluation Pertamina Meidawati mengatakan, produksi migas dari aset luar negeri ini hanya sebesar 88 ribu bph untuk minyak dan 218 juta kaki kubik per hari (million standard cubic feet per day/mmscfd) pada 2016.

Pada 2017, angka produksi ini naik menjadi 104 ribu bph untuk minyak dan 275 mmscfd untuk gas. Realisasi produksi migas tersebut melebihi target yang ditetapkan untuk 2017, yakni sebesar 92 ribu bph untuk minyak dan 202 mmscfd untuk gas. Kenaikan produksi minyak berasal dari aset di Aljazair, sementara tambahan produksi gas dari Aliazair dan Malaysia. 

Target 2018, untuk minyak 108 ribu bph dan gas 266 mmscfd,” ujarnya.

Saat ini, selain di Aljazair, perseroan juga memiliki aset di Irak yakni Lapangan West Qurna-1. Sementara di Malaysia, perseroan memegang kepemilikan saham di Blok K, Blok Kikeh, Blok SNR Blok SK309 dan Blok SK311. Kemudian, pasca mengakuisisi Maurel&Prom, Pertamina memiliki aset di di Gabon, Nigeria, Tanzania, Namibia, Kolombia, Kanada, Myanmar, Italia, dan negara lainnya.

Pertamina menyatakan akan mengandalkan produksi migas dari aset-asetnya di luar negeri di masa mendatang, dengan target kontribusi mencapai 33% dari total produksi 2025 atau setara dengan 650 ribu barel setara minyak per hari (barrel oil equivalent per day/boepd).

Akuisisi di luar negeri diperlukan guna memperkecil selisih kebutuhan dan pasokan migas domestik di masa mendatang. Pada 2025, produksi minyak Pertamina ditargetkan bisa mencapai 822 ribu bph, yakni 353 ribu bph dari dalam negeri dan 469 ribu bph dari luar negeri. Sementara untuk gas, ditargetkan meningkat menjadi 5,71 miliar kaki kubik per hari, yaitu 4,23 miliar kaki kubik dari domestik dan 1,48 miliar kaki kubik dari aset luar negeri.

Investor Daily, Page-9, Saturday, Jan 20, 2018