Cargo LNG Donggi has been sold 88%

As of November this year, PT Donggi Senoro LNG (DSLNG) has sent 36 cargo of liquefied natural gas (LNG). This amount is equivalent to 88% of this year's target of 41 LNG cargoes. Management of Donggi Senoro LNG is optimistic that the target can be achieved.

Corporate Affairs Director of DSLNG, Aditya Mandala said, as of November 7, 2018, he had sent 35 LNG cargoes. Well, on November 13, there will be an 86th cargo shipment with 125,000 cubic meters of vohune (1113) in each cargo.

"This year we have maintenance at the refinery for about two weeks, so we cannot produce optimally. Soon, on November 13 there will be the 36th shipment," he said.

However, Aditya was reluctant to mention, where will the remaining five LNG cargoes be unsold until the end of the year. One thing is certain, currently the export market still dominates DSLNG cargo shipments.

In detail, 81 LNG cargoes for export remain until 2027 to the three companies, namely Kyushu Electric Power Co. Inc., Korea Gas Corporation, and Jera Co Inc.

The other four cargoes are sent to the spot market, with periodic or incidental agreements. The spot market is aimed at companies in several countries, such as South Korea and Japan. Usually, DSLNG sends six to seven cargoes for the spot market every year.

"So if we need it, we immediately send it. If the long term ones are not needed, after that we auction to spot the market, usually to Singapore, China and India," he explained.

DSLNG does not have a fixed domestic market yet. They usually send LNG to PT PLN for electricity needs.

"Never been to Pertamina's Aru," Aditya said.

IN INDONESIAN

Kargo LNG Donggi Sudah Terjual 88%

Hingga November tahun ini, PT Donggi Senoro LNG (DSLNG) telah mengirim 36 kargo liquefied natural gas (LNG). Jumlah tersebut setara 88% dari target sepanjang tahun ini sebanyak 41 kargo LNG. Manajemen Donggi Senoro LNG optimistis target itu bisa tercapai.

Corporate Affairs Director DSLNG, Aditya Mandala menuturkan, per 7 November 2018 ini pihaknya telah mengirimkan 35 kargo LNG. Nah, pada 13 November nanti, akan ada pengiriman kargo yang ke-86 dengan vohune 125.000 meter kubik (1113) di setiap kargo.

"Tahun ini kami ada maintenance di kilang sekitar dua minggu, sehingga tidak bisa berproduksi secara maksimal. Sebentar lagi, yakni pada 13 November akan ada shipment ke-36,” ujar dia.

Namun Aditya enggan menyebutkan, akan dikirim kemana saja sisa lima kargo LNG yang belum terjual hingga akhir tahun nanti. Satu hal yang pasti, saat ini pasar ekspor masih mendominasi pengiriman kargo DSLNG.

Perinciannya, sebanyak 81 kargo LNG untuk ekspor tetap hingga 2027 kepada ketiga perusahaan, yakni Kyushu Electric Power Co Inc, Korea Gas Corporation, serta Jera Co Inc.

Adapun empat kargo lainnya dikirim ke pasar spot, dengan perjanjian periodik yang tidak tetap atau insidental. Pasar spot ditujukan ke perusahaan di beberapa negara, seperti Korea Selatan dan Jepang. Biasanya, DSLNG mengirimkan enam sampai tujuh kargo untuk pasar spot setiap tahun. 

"Jadi kalau butuh, langsung kami kirim. Jika yang long term sedang tidak butuh, setelah itu kami lelang untuk spot market, biasanya juga ke Singapura, China dan India,” jelas dia.

DSLNG belum memiliki pasar domestik tetap. Mereka biasanya mengirim LNG ke PT PLN untuk kebutuhan listrik. 

"Pernah juga ke Aru milik Pertamina," ungkap Aditya.

Kontan, Page-14, Thursday, Nov 8, 2018

PHE Oil and Gas Production Exceeds 2018 Target

As of September this year, PT Pertamina Hulu Energi (PHE) oil and gas production has exceeded its target in 2018. In detail, PHE has produced oil reaching 229,441 barrels of oil equivalent per day (boepd), or 102.06% of the target amounting to 224,818 boepd.

At the same time, this subsidiary of PT Pertamina (Persero) has produced an average of 865 million cubic feet of gas per day (mmscfd). This figure reaches 105% of the target set at 824 mmscfd. 

    Director of Operation and Production of PT Pertamina Hulu Energi, Ekariza said, the factors that boosted PHE's operational performance until September this year include the participation of 100% participating interest (Pl) PHE Offshore Southeast Sumatra (OSES) for oil and gas management in the Southeast Sumatra Block (SES) .

In addition, the trigger for the increase in PHE production is the achievement of oil and gas production targets in a number of PHE subsidiaries including JOB Medco E & P Tomori Sulawesi, PHE NSO & NSB, PHE Ogan Komering, BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, and JOB Pertamina Petrochina Salawati.

Blogger Agus Purnomo in PT. PHE West Madura Offshore (WMO)

"The biggest contributor to Pertamina Hulu Energi's production on a consolidated basis remains from PHE Offshore North West Java (ONWJ), then SES Block and third PHE West Madura Offshore (WMO)," he said in a press release.

IN INDONESIAN

Produksi Migas PHE Melampaui Target 2018

Hingga September tahun ini, produksi minyak dan gas bumi (migas) PT Pertamina Hulu Energi (PHE) sudah melampaui target sepanjang 2018. Perinciannya, PHE telah memproduksi minyak mencapai 229.441 barrel oil equivalent per day (boepd), atau 102,06% dari target sebesar 224.818 boepd.

Di saat yang sama, anak usaha PT Pertamina (Persero) ini telah memproduksi rata-rata gas mencapai 865 juta kaki kubik per hari (mmscfd). Angka tersebut mencapai 105% dari target yang ditetapkan mencapai 824 mmscfd. Direktur Operasi dan Produksi PT Pertamina Hulu Energi, Ekariza mengemukakan, faktor yang menclongkrak kinerja operasional PHE hingga September tahun ini antara lain telah masuknya participating interest (Pl) 100% PHE Offshore Southeast Sumatra (OSES) untuk pengelolaan migas di Blok Southeast Sumatra (SES).

Selain itu, pemicu peningkatan produksi PHE adalah tercapainya target kinerja produksi minyak dan gas di sejumlah anak perusahaan PHE antara lain JOB Medco E&P Tomori Sulawesi, PHE NSO&NSB, PHE Ogan Komering, BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, dan JOB Pertamina Petrocfhina Salawati.

“Penyumbang terbesar produksi Pertamina Hulu Energi secara konsolidasi tetap berasal dari PHE Offshore North West Java (ONWJ), lalu Blok SES dan ketiga PHE West Madura Offshore (WMO),” ujarnya dalam siaran pers.

Kontan, Page-14, Thursday, Nov 8, 2018

Old Field Becomes a Challenge

The age of oil fields in Indonesia that are aging or over 25 years is a challenge in an effort to increase oil production. In addition to the application of new technology, efforts to find new reserves on a large scale are very important in an effort to increase domestic production.

This step is to reduce dependence on oil imports which causes a deficit in Indonesia's trade balance. Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Amien Sunaryadi said, around 47 percent of oil fields in Indonesia are over 25 years old. The old oil field is naturally down production. This condition is very challenging in an effort to increase oil and gas production in the country.

"Indonesia is rather risky".

There are no new large-scale discoveries. Even if there are, small. Production is less successful so it relies on continuous imports. In fact, the production is down on old wells, the cost (for production) does not decrease, "said Amien in Jakarta.

Based on data from the Ministry of Energy and Mineral Resources (ESDM), the average monthly oil production is 771,824 barrels per day or still below the 2018 State Budget target of 800,000 barrels per day. The natural gas production is 7,676 million standard cubic feet per day (MMSCD). That number has exceeded the 2018 State Budget target of 6,720 MMSCFD.

According to Amien, to encourage an increase in Indonesia's oil production, hard work and patience are needed. Indonesian oil engineers must diligently go to the field to examine the appropriate treatment for each field so that oil production can be increased. Furthermore, choosing the right technology to increase production with sufficient funding support.

Commitment

The Senior Vice President of the Upstream Strategic Planning and Performance Evaluation at the Upstream Directorate of PT Pertamina (Persero) Meidawati added that it was committed to trying to find new oil reserves. In fact, when oil prices fell below 30 US dollars per barrel, Pertamina continued to carry out exploration. This year, Pertamina's expenditure in the upstream sector reaches 2.4 billion US dollars.

"Upstream investment depends on the production target to be achieved. "This year we are targeting production of 400,000 barrels per day, while next year the target is 414,000 barrels per day," Meidawati said.

Meanwhile, through a press release, PT Pertamina Hulu Energi (PHE), a subsidiary of Pertamina, announced an increase in oil and gas production in September 2018 totaling 229,441 barrels of oil equivalent per day (BOEPD). That achievement exceeded the target, which was 224,818 BOEPD.

IN INDONESIAN

Lapangan Tua Menjadi Tantangan

Usia lapangan minyak di Indonesia yang menua atau di atas 25 tahun menjadi tantangan dalam upaya meningkatkan produksi minyak. Selain penerapan teknologi baru, upaya menemukan cadangan baru dalam skala besar sangat penting dalam usaha meningkatkan produksi di dalam negeri.

Langkah ini untuk mengurangi ketergantungan terhadap impor minyak yang menyebabkan defisit pada neraca perdagangan Indonesia. Kepala Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Amien Sunaryadi mengatakan, sekitar 47 persen lapangan minyak di Indonesia berumur di atas 25 tahun. Lapangan minyak yang tua secara natural produksinya turun. Kondisi tersebut sangat menantang dalam upaya menaikkan produksi minyak dan gas bumi di dalam negeri.

”Indonesia ini agak berisiko".

Penemuan baru berskala besar tidak ada. Kalaupun ada, kecil-kecil. Produksi kurang berhasil sehingga mengandalkan impor terus menerus. Padahal, produksi yang turun pada sumur-sumur tua, ongkosnya (untuk produksi) tidak turun,” kata Amien di Jakarta.

Berdasarkan data Kementerian Energi dan Sumber Daya Mineral (ESDM), produksi minyak rata-rata bulanan sebanyak 771.824 barel per hari atau masih di bawah target APBN 2018 yang sebanyak 800.000 barel per hari. Adapun produksi gas bumi 7.676 juta standar kaki kubik per hari (MMSCD). Angka itu sudah melampaui target APBN 2018 yang sebanyak 6.720 MMSCFD.

Menurut Amien, untuk mendorong peningkatan produksi minyak Indonesia, diperlukan kerja keras dan ketelatenan. Para insinyur minyak Indonesia harus rajin turun ke lapangan untuk meneliti perlakuan yang tepat terhadap setiap lapangan agar produksi minyak dapat ditingkatkan. Selanjutnya, memilih teknologi yang tepat untuk menaikkan produksi dengan dukungan pendanaan yang cukup.

Komitmen

Senior Vice President Upstream Strategic Planning and Performance Evaluation pada Direktorat Hulu PT Pertamina (Persero) Meidawati menambahkan, pihaknya berkomitmen untuk berupaya menemukan cadangan minyak baru. Bahkan, pada saat harga minyak jatuh di bawah 30 dollar AS per barel, Pertamina tetap melaksanakan eksplorasi. Tahun ini, belanja Pertamina di sektor hulu mencapai 2,4 miliar dollar AS.

”Investasi hulu bergantung pada target produksi yang hendak dicapai. Tahun ini kami menargetkan produksi 400.000 barel per hari, sedangkan tahun depan targetnya 414.000 barel per hari,” ujar Meidawati.

Sementara itu, melalui siaran pers, PT Pertamina Hulu Energi (PHE), anak usaha Pertamina, mengumumkan kenaikan produksi minyak dan gas bumi pada September 2018 sebanyak 229.441 barel setara minyak per hari (BOEPD). Capaian itu melampaui target, yakni sebanyak 224.818 BOEPD.

Kompas, Page-13, Thursday, Nov 8, 2018

PHE Production Exceeds Target

PT Pertamina Hulu Energi (PHE) managed to record oil and gas production of 229,441 thousand barrels of oil equivalent per day or barrel oil equivalent per day (Boepd) until the end of September 2018. The production of Pertamina's subsidiary had reached 102.1 percent of the target of 224,818 thousand boepd.

In detail, the average oil production of the company reaches 80, 103 thousand barrels per day. Gas production has reached 865 million cubic feet per day (mmscfd). 

    PHE Operations and Production Director Ekariza said the boosting factor for PHE's operational performance in September was the inclusion of 100 percent participating interest (PI) PHE Offshore Southeast Sumatra (OSES) for oil and gas management in the Southeast Sumatra Block (SES).

"The biggest contribution to PHE production is on a consolidated basis from PHE Offshore North West Java (ONWJ), new SES Block, and third PHE West Madura Offshore (PHE-WMO), "he said.

Blogger Agus Purnomo in PT. PHE West Madura Offshore (WMO)

In addition, the trigger for increasing production is the achievement of oil and gas production performance targets for PHE subsidiaries. Among other things, JOB Medco E & P Tomori Sulawesi, PHE NSO & NSB, PHE Ogan Komering. And BOB Bumi Siak Pusako Pertamina Upstream, Pertamina JOB Talisman Jambi Merang, and JOB Pertamina Petrochina Salawati.

He said the average production of ready to sell (lifting) oil PHE per day in September 2018 rose to 81.9 thousand bopd. Higher when compared to the realization of the previous month which averaged 61 thousand bopd.

IN INDONESIAN

Produksi PHE Lampaui Target

PT Pertamina Hulu Energi (PHE) berhasil mencatatkan produksi migas sebesar 229,441 ribu barel setara minyak per hari atau barrel oil equivalent per day (boepd) hingga akhir September 2018. Capaian produksi anak usaha Pertamina tersebut telah mencapai 102, 1 persen dari target yang ditetapkan 224,818 ribu boepd.

Perinciannya, rata-rata produksi minyak bumi perseroan mencapai 80, 103 ribu barel per hari. Produksi gas telah mencapai 865 juta kaki kubik per hari (mmscfd). Direktur Operasi dan Produksi PHE Ekariza mengatakan, faktor pendongkrak kinerja operasional PHE pada September adalah masuknya participating interest (PI) 100 persen PHE Offshore Southeast Sumatera (OSES) untuk pengelolaan migas di Blok Southeast Sumatera (SES). 

”Kontribusi terbesar terhadap produksi PHE secara konsolidasi tetap dari PHE Offshore North West Java (ONWJ), baru Blok SES, dan ketiga PHE West Madura Offshore (WMO)," ujarnya.

Selain itu, pemicu peningkatan produksi adalah tercapainya target kinerja produksi migas pada anak-anak perusahaan PHE. Di antaranya, JOB Medco E&P Tomori Sulawesi, PHE NSO&NSB, PHE Ogan Komering. Serta BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, dan JOB Pertamina Petrochina Salawati.

Dia mengatakan, rata-rata produksi siap jual (lifting) minyak PHE per hari pada September 2018 naik menjadi 81,9 ribu bopd. Lebih tinggi jika dibandingkan dengan realisasi bulan sebelumnya yang rata-rata 61 ribu bopd.

Jawa Pos, Page-5, Thursday, Nov 8, 2018

Oil and Gas Block Auctions are increasingly attractive

The government's policy to free up data access fees for oil and gas working areas for potential investors is considered capable of increasing investment in the upstream oil and gas sector.

Observer Energy Watch, a community social institution in the field of energy policy supervision, Mamit Setiawan said that all this time access to paid data at quite expensive prices is one of the obstacles to oil and gas investment.

"It is expected that with the free initial data given to investors where they can conduct a prior assessment of the proposed oil and gas working area, this can facilitate investors in making decisions," he said.

He said, the policy is expected to revive to manage the oil and gas working area. Upstream oil and gas investment is expected to be able to increase oil and gas reserves as well as state and sector revenues. 

    Director General of Oil and Gas, Ministry of Energy and Mineral Resources (ESDM) Djoko Siswanto said that the decision to eliminate data access is expected to attract investors.

"Yes, so that there are many who bid for oil and gas blocks and our data is a lot of evaluation and interpretation," he said.

New investors will be charged fees after taking the oil and gas blocks offered by the government.

"Later, those who win the oil and gas block tender must pay. Those who don't win pity if they pay the cost of accessing oil and gas block documents and data. "

The policy began to be implemented in the oil and gas block auction phase III / 2018.

"The policy that we issued for the next auction is that every participant who has taken the bidding document and evaluates the data will be given access to the data at zero rupiah," said the ESDM Ministry's Data and Information Technology Center Head Agus Cahyono Adi.

Previously, auction participants who had taken bidding documents in the oil and gas block auction were required to pay oil and gas data access in the tendered work area. 

    Fees charged vary between work areas depending on data availability. So far, the maximum cost of oil and gas block data access is around US $ 80,000. With this new policy, the fee is waived or zero rupiah.

"During the auction period, we provide access [data on oil and gas blocks being auctioned]," said Agus.

Changes to the rules aim to increase the number of participants in the auction of oil and gas working areas.

IN INDONESIAN

Lelang Blok Migas Semakin Menarik

Kebijakan pemerintah untuk membebaskan biaya akses data wilayah kerja minyak dan gas bumi bagi calon investor dinilai mampu meningkatkan investasi di sektor hulu migas.

Pengamat Energy Watch, lembaga sosial masyarakat di bidang pengawasan kebijakan energi, Mamit Setiawan mengatakan bahwa selama ini akses data yang berbayar dengan harga sangat mahal menjadi salah satu kendala investasi migas.

“Diharapkan dengan gratisnya data awal yang diberikan pada investor di mana mereka bisa melakukan kajian terlebih dahulu terhadap wilayah kerja migas yang diajukan, ini bisa memudahkan investor dalam mengambil keputusan,” katanya.

Dia menuturkan, kebijakan itu diharapkan menggairahkan kembali untuk mengelola wilayah kerja migas. Investasi hulu migas diharapkan mampu meningkatkan cadangan migas sekaligus pendapatan negara dan sektor tersebut. 

     Dirjen Minyak dan Gas Bumi, Kementerian Energi dan Sumber Daya Mineral (ESDM) Djoko Siswanto mengatakan bahwa keputusan untuk menggratiskan akses data ini diharapkan bisa menarik para investor.

“Iya, supaya banyak yang menawar blok migas dan data-data kami banyak yang evaluasi dan interpretasi,” katanya.

Para investor akan dikenakan biaya setelah mengambil blok migas yang ditawarkan pemerintah tersebut. 

“Nantinya yang memenangkan tender blok migas harus membayar. Yang tidak menang kasihan kalau membayar biaya akses dokumen dan data blok migas.”

Kebijakan itu mulai diterapkan dalam lelang blok migas tahap III/2018.

“Kebijakan yang kami keluarkan untuk lelang selanjutnya, yaitu setiap peserta yang sudah mengambil dokumen penawaran dan untuk mengevaluasi data akan diberikan akses datanya dengan tarif nol rupiah,” kata Kepala Pusat Data dan Teknologi Inforrnasi Kementerian ESDM Agus Cahyono Adi.

Sebelumnya, perserta lelang yang sudah mengambil dokumen penawaran dalam lelang blok migas diharuskan membayar akses data migas di wilayah kerja yang ditenderkan tersebut. 

    Biaya yang dikenakan bervariasi antar wilayah kerja tergantung ketersediaan data. Selama ini, biaya maksimal akses data blok migas sekitar US$ 80.000. Dengan kebijakan baru ini, biaya tersebut dibebaskan atau nol rupiah.

“Selama masa lelang, kami berikan akses [data blok migas yang dilelang]” tegas Agus.

Perubahan aturan bertujuan untuk menambah jumlah peserta lelang wilayah kerja migas.

Bisnis Indonesia, Page-24, Thursday, Nov 8, 2018

The Performance of 2 Pertamina Subsidiaries is increasingly sparkling

PT Pertamina Hulu Energi, a subsidiary of PT Pertamina (Persero) engaged in the oil and gas production and exploration sector, recorded an increase in average oil and gas production until September 2018. The average oil and gas production of Pertamina Hulu Energi as of September 2018 was 229,441 barrels of oil equivalent per day ( barrel oil equivalent per day / boepd) or 102.1% of the 224,818 boepd target.

The average oil production during January-September 2018 was 80,103 barrels per day (bpd) and natural gas reached 865 million cubic feet per day (MMscfd) or 105% of the target of 824 MMscfd.

The Director of Operation and Production of PT Pertamina Hulu Energi Ekariza said that the driving factor that boosted PHE's operational performance during January-September 2018 was the participation of 100% of the Southeast Sumatra Block in South Sumatra through the subsidiary PT PHE Offshore Southeast Sumatra.

In addition, the oil and gas production performance of several Pertamina Hulu Energi subsidiaries also exceeded the target. Some of the subsidiaries include JOB Medco E & P Tomori Sulawesi, PHE NSO & NSB, PHE Ogan Komering, BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, and JOB Pertamina Petrochina Salawati.

"The biggest contributor to PHE production is on a consolidated basis from the new SES Block PHE Offshore North West Java (ONWJ) and the third PHE West Madura Offshore (WMO)," he said, Wednesday (11/7).

He added, along with the increase in oil production in September 2018, the average production of PHE oil ready to sell (lifting) also rose to 81,900 barrels per day (bpd), higher than the realization in the previous month of 61,000 bpd.

Cumulatively up to the end of quarter III / 2018, Pertamina Hulu Energi posted oil and gas production of 198,505 boepd or 101.2% of the target set at 196,247 boepd. The cumulative daily production of PHE oil averaged 64,051 bpd until the third / 2018 quarter or 97% of the target.

Meanwhile, PHE's average daily gas production reached 779 MMscfd until the end of quarter III / 2018 or 103% of the target set at 754 MMscfd. Another Pertamina subsidiary, PT Pertamina EP, said that the achievement of investment realization until October 2018 was 70% of the target of US $ 630 million.

Pertamina EP President Director Nanang Abdul Manaf said that he was optimistic that the 2018 investment target would be reached by the end of this year. According to him, the realization of drilling and development of oil and gas wells has been carried out in 60 wells of the target of 90 wells.

      Pertamina EP is also optimistic that with oil production ranging from 83,000 bpd by the end of the year and oil prices reaching US $ 80 per barrel, the company's net profit is estimated at US $ 815 million, equivalent to Rp 12.38 trillion (exchange rate of Rp15,000 per US dollar).

IN INDONESIAN

Kinerja 2 Anak Usaha Pertamina Semakin Berkilau

PT Pertamina Hulu Energi, anak perusahaan PT Pertamina (Persero) yang bergerak di sektor produksi dan eksplorasi minyak dan gas bumi, mencatatkan kenaikan rerata produksi migas hingga September 2018. Rerata produksi migas Pertamina Hulu Energi per September 2018 sebesar 229.441 barel setara minyak per hari (barrel oil equivalent per day/boepd) atau 102,1% dari target 224.818 boepd.

      Rerata produksi minyak selama Januari-September 2018 sebanyak 80.103 barel per hari (bph) dan gas bumi mencapai 865 juta kaki kubik per hari (MMscfd) atau 105% dari target 824 MMscfd.

Direktur Operasi dan Produksi PT Pertamina Hulu Energi Ekariza mengatakan bahwa faktor pendorong yang mendongkrak kineija operasional PHE selama Januari-September 2018 adalah telah masuknya saham partisipasi 100% Blok Southeast Sumatera di Sumatra Selatan melalui anak usaha PT PHE Offshore Southeast Sumatera.

Selain itu, kinerja produksi migas beberapa anak usaha Pertamina Hulu Energi juga melampaui target. Beberapa anak usaha itu antara lain JOB Medco E&P Tomori Sulawesi, PHE NSO & NSB, PHE Ogan Komering, BOB Bumi Siak Pusako Pertamina Hulu, JOB Pertamina Talisman Jambi Merang, dan JOB Pertamina Petrochina Salawati.

“Kontributor terbesar terhadap produksi PHE secara konsolidasi tetap dari PHE Offshore North West Java (ONWJ) baru Blok SES dan ketiga PHE West Madura Offshore (WMO) ,” katanya, Rabu (7/11).

Dia menambahkan, seiring dengan peningkatan produksi minyak pada September 2018, rata-rata produksi siap jual (lifting) minyak PHE juga naik menjadi 81.900 barel per hari (bph), lebih tinggi dibandingkan dengan realisasi pada bulan sebelumnya 61.000 pbh.

Secara kumulatif hingga akhir kuartal III/2018, Pertamina Hulu Energi membukukan produksi migas sebesar 198.505 boepd atau 101,2% dari target yang ditetapkan 196.247 boepd. Produksi harian minyak PHE secara kumulatif mencapai rata-rata sebesar 64.051 bph hingga kuartal III/2018 atau 97% dari target. 

Sementara itu, rerata produksi harian gas PHE mencapai 779 MMscfd hingga akhir kuartal III/2018 atau 103% dari target yang ditetapkan 754 MMscfd. Anak usaha Pertamina lainnya, PT Pertamina EP, menyatakan capaian realisasi investasi hingga Oktober 2018 tercatat 70% dari target senilai US$ 630 juta.

Presiden Direktur Pertamina EP Nanang Abdul Manaf mengatakan bahwa pihaknya optimistis target investasi 2018 akan tercapai hingga akhir tahun ini. Menurutnya, realiasasi pengeboraan dan pengembangan sumur migas sudah dilakukan di 60 sumur dari target 90 sumur. 

   Pertamina EP juga optimistis dengan produksi minyak berkisar 83.000 bph hingga akhir tahun dan harga minyak mencapai US$ 80 per barel, laba bersih perseroan diperkirakan mencapai US$ 815 juta atau setara dengan Rp 12,38 triliun (kurs Rp15.000 per dolar AS).

Bisnis Indonesia, Page-24, Thursday, Nov 8, 2018

Pertamina Targets 414,000 Barrels

PT Pertamina (Persero) plans to target oil production of 414,000 barrels per day (bpd) in 2019 or increase compared to this year's production target of 400,000 bpd. On the other hand, the increase in the oil production target was not followed by the planned gas production next year, as it declined to 2,944 mmscfd from 3069 mmfcsd.

Meidawati, Senior Vice President of PT Pertamina (Persero) 's Upstream Strategic Planning and Operation Evaluation, admitted that the oil production target had increased but gas had declined, due to the few problems in the Musi Banyuasin Block due to a decrease in reserves. In addition, there is also a decline from the Mahakam Block.

Banyuurip Block By ExxonMobil

"For oil production targets, Pertamina relies on contributions from Banyuurip Block, PHE, PHI and / or blocks managed by PIEP," said Meidawati.

Meanwhile, the realization of oil and gas production as of September 2018 is still below this year's work target. For oil production, 384,000 mbopd and gas 3,060 mmscfd were recorded. Pertamina is now trying hard to achieve the Company's Work Plan targets.

To maintain the trend of oil and gas production, the state-owned oil and gas company has no hesitation in conducting new field exploration. Regarding the drilling or development investment plan, Meidawati said that it was being discussed to determine its priorities.

"Exploration activities are an effort to think about the long term."

The potential for a decline in production which is inevitable becomes a challenge for Pertamina to manage the old field. Of all oil and gas sources managed by Pertamina, 79% came from mature fields, with the remainder being greenfield. 

     Opportunities to encourage open production from undeveloped exploration fields such as Banyu Urip, Tomori, Donggi and Matindok, Paku Gajah, Cikarang Tegal Pacing and West Qurna-1 in Iraq.

West Qurna-1 in Iraq

On the other hand, the company allocates funds of US $ 2.5 billion-US $ 3 billion in 2019 to increase investment in drilling upstream oil and gas to efforts to maintain production stability.

IN INDONESIAN

Pertamina Mengincar 414.000 Barel

PT Pertamina (Persero) merencanakan target produksi minyak sebesar 414.000 barel per hari (bph) pada 2019 atau naik dibandingkan dengan target produksi tahun ini sebesar 400.000 bph. Di sisi lain, kenaikan target produksi minyak, tidak diikuti dengan rencana produksi gas tahun depan, karena menurun menjadi 2.944 mmscfd dari 3069 mmfcsd.

Meidawati, Senior Vice President Upstream Strategic Planning and Operation Evaluation PT Pertamina (Persero), mengakui target produksi minyak mengalami kenaikan tetapi gas menurun, karena sedikit masalah di Blok Musi Banyuasin akibat penurunan cadangan. Selain itu, ada juga penurunan dari Blok Mahakam.

“Untuk target produksi minyak, Pertamina mengandalkan kontribusi dari Blok Banyuurip, PHE, PHI dan ataupun blok yang dikelola PIEP”, kata Meidawati.

Sementara itu, untuk realisasi produksi migas per September 2018 masih di bawah target kerja tahun ini. Untuk produksi minyak tercatat 384.000 mbopd dan gas 3.060 mmscfd. Pertamina kini berusaha keras untuk mencapai target Rencana Kerja Perusahaan. 

Untuk menjaga tren produksi migas, perusahaan migas milik pemerintah ini tidak ragu melakukan eksplorasi lapangan baru. Mengenai rencana investasi pengeboran atau pengembangan, Meidawati mengatakan hal itu sedang dibahas untuk menentukan prioritasnya. 

“Kegiatan eksplorasi adalah upaya untuk memikirkan jangka panjang.”

Potensi penurunan produksi yang tidak dapat terelakkan menjadi tantangan Pertamina mengelola lapangan tua. Dari seluruh sumber migas yang dikelola Pertamina, sebesar 79% berasal dan mature field, sisanya berupa greenfield. 

     Peluang untuk mendorong produksi terbuka dari lapangan eksplorasi yang belum dikembangkan seperti Banyu Urip, Tomori, Donggi dan Matindok, Paku Gajah, Cikarang Tegal Pacing dan West Qurna-1 di Irak.

Disisi lain, perseroan mengalokasikan dana US$ 2,5 miliar-US$ 3 miliar pada 2019 untuk peningkatan investasi di hulu migas pengeboran hingga upaya menjaga stabilitas produksi.

Bisnis Indonesia, Page-3, Thursday, Nov 8, 2018

30 Oil and Gas Blocks Using Gross Split Contracts

The Ministry of Energy and Mineral Resources (ESDM) claims that the cooperation contract (production sharing contract PSC) for gross split is attractive to investors. This can be seen from 30 oil and gas working areas (WK) using gross split PSC during the 2017-2018 period. 

    Of the 30 oil and gas blocks that use the gross PSC, 11 oil and gas blocks are the results of 2017 and 2018 auctions. The auction results for last year's oil and gas blocks are Block Andaman I, Andaman II, Merak Lampung, Pekawai, and West Yamdena.

While the auction results for 2018 oil and gas blocks are the Citarum Block, East Ganal, East Seram, Southeast Jambi, South Jambi B, and Banyumas. Furthermore, 19 other oil and gas blocks are termination blocks whose contract periods expire from 2017 to 2022. The oil and gas blocks whose contracts expire in 2017 are Offshore North West Java (ONWJ). Next, the oil and gas contracts ending 2018 are North Sumatra Offshore, Ogan Komering, South East Sumatra, Tuban, Sanga-Sanga, and East Kalimantan.

Oil and gas blocks whose contracts expire in 2019 are Jambi Merang, Raja / Non Bula Hall, Ceremonial and Ceremonial Hall. The terminated oil and gas blocks are Malacca Straits, Brantas, Salawati, and Bird Heads. While the WK whose contract expires in 2021 is Rokan (Chevron). Finally, the oil and gas blocks that ended in 2022 were the Tarakan Block, Coastal Plains and Pekanbaru (CPP), and Tungkal.

Deputy Minister of ESDM Arcandra Tahar said, the existence of 30 oil and gas blocks using gross split showed that the profit sharing scheme was attractive to investors.

"Until now there have been 30 contracts using gross split," Arcandra said in Jakarta.

Arcandra expects that the third phase of oil and gas block offering this year can be successful so that the number of oil and gas blocks that use gross split schemes is increasing. This scheme is expected to revive oil and gas investment in Indonesia because it provides many benefits and conveniences for investors.

However, if detailed, at the 2017 and 2018 oil and gas auctions, the number of interested parties is lower than the oil and gas block offered. At the 2017 auction, 15 oil and gas blocks were offered through regular auctions and direct offers.

However, only five oil and gas blocks were finally won by oil and gas companies. Then this year, there have been two stages of the auction being held. Of the 24 oil and gas blocks offered in the first phase of the auction, only 4 blocks were sold. Meanwhile for the second phase of the auction, 6 oil and gas blocks are offered, but only 2 blocks have the winner.

Separately, Energy Observer and Chair I of the Indonesian Petroleum Engineering Association (IATMI) Pri Agung Rakhmanto deemed it inappropriate if the gross split scheme was seen as an answer to the low oil and gas investment. Because, gross split is only one form of oil and gas contract that is not too thought by investors.

"Want to change the form of another contract, I think the results will be the same. The basic problem is not there, but in the overall investment climate. In this case, I think investors also see how the level of government support reaches the highest, concrete or not level of upstream oil and gas, "he said.

Pri Agung said that the increase in world oil prices had not contributed positively to investors who would try in the country. He said that Indonesia is still less competitive than other countries globally. In fact, he referred to the results of the Fraser Institute survey in 2017 which ranked Indonesia as the bottom 10.

"Since 2017 the global upstream oil and gas investment trend has gone up, we are still down," he said.

Based on data from the Ministry of Energy and Mineral Resources, investment in the upstream oil and gas sector has indeed not increased. In 2015, the realization of upstream oil and gas investment was recorded at US $ 15.04 billion. Then in the following year, the realization of this investment fell to US $ 12.01 billion. Upstream oil and gas investment is actually decreasing in 2017, which is US $ 9.3 billion. While the realization until September this year only reached US $ 7.9 billion from the target of US $ 14.2 billion.

IN INDONESIAN

30 Blok Migas Pakai Kontrak Gross Split

Kementerian Energi dan Sumber Daya Mineral (ESDM) mengklaim kontrak kerja sama (production sharing contract PSC) bagi hasil kotor (gross split) diminati investor. Hal ini terlihat dari sebanyak 30 wilayah kerja (WK) minyak dan gas bumi yang menggunakan PSC gross split selama periode 2017-2018. 

     Dari jumlah 30 blok migas yang menggunakan PSC gross split tersebut, sebanyak 11 blok migas merupakan hasil lelang 2017 dan 2018. Hasil lelang blok migas tahun lalu adalah Blok Andaman I, Andaman II, Merak Lampung, Pekawai, dan West Yamdena. 

Sedangkan hasil lelang blok migas 2018 adalah Blok Citarum, East Ganal, East Seram, Southeast Jambi, South Jambi B, dan Banyumas. Selanjutnya, 19 blok migas lainnya merupakan blok terminasi yang masa kontraknya berakhir mulai 2017 hingga 2022. 

    Blok migas yang kontraknya berakhir pada 2017 adalah Offshore North West Java (ONWJ). Berikutnya, kontrak migas yang berakhir 2018 adalah North Sumatera Offshore, Ogan Komering, South East Sumatera, Tuban, Sanga-Sanga, dan East Kalimantan.

Blok migas yang kontraknya berakhir 2019 adalah Jambi Merang, Raja/Pendopo, Bula, dan Seram Non Bula. Blok migas terminasi 2020 adalah Malacca Straits, Brantas, Salawati, dan Kepala Burung. Sementara WK yang kontraknya berakhir pada 2021 adalah Rokan. Terakhir, blok migas yang berakhir pada 2022 adalah Blok Tarakan, Coastal Plains and Pekanbaru (CPP), dan Tungkal.

Wakil Menteri ESDM Arcandra Tahar mengatakan, adanya 30 blok migas yang menggunakan gross split menunjukkan skema bagi hasil itu diminati investor. 

“Sampai sekarang sudah ada 30 kontrak menggunakan gross split,” kata Arcandra di Jakarta.

Arcandra mengharapkan, penawaran blok migas tahap ketiga tahun ini dapat berhasil baik sehingga jumlah blok migas yang menggunakan skema gross split semakin banyak. Skema ini diharapkan menggairahkan kembali investasi migas di Indonesia karena memberikan banyak keuntungan dan kemudahan bagi investor. 

Namun bila dirinci, pada lelang migas 2017 dan 2018, jumlah peminat lebih rendah dari blok migas yang ditawarkan. Pada lelang 2017 lalu, sebanyak 15 blok migas ditawarkan melalui lelang reguler dan penawaran langsung. 

Namun hanya lima blok migas yang akhirnya dimenangkan oleh perusahaan migas. Kemudian di tahun ini, sudah ada dua tahap lelang yang dilaksanakan. Dari 24 blok migas yang ditawarkan pada lelang tahap pertama, hanya 4 blok yang laku. Sementara untuk lelang tahap dua ditawarkan 6 blok migas, tetapi hanya 2 blok saja yang ada pemenangnya.

Secara terpisah, Pengamat Energi sekaligus Ketua I Ikatan Ahli Teknik Perminyakan Indonesia (IATMI) Pri Agung Rakhmanto menilai kurang tepat bila skema gross split dipandang sebagai jawaban dari rendahnya investasi migas. Pasalnya, gross split hanya salah satu bentuk kontrak migas yang tidak terlalu dipikirkan oleh investor.

“Mau diubah bentuk kontrak lain, saya kira juga akan sama saja hasilnya. Persoalan mendasarnya bukan di situ, tapi di iklim investasi secara keseluruhan. Dalam hal ini, investor saya pikir juga melihat bagaimana tingkat dukungan pemerintah hingga ke level tertinggi, konkret atau tidak terhadap hulu migas,” ujarnya.

Pri Agung menuturkan naiknya harga minyak dunia belum berkontribusi positif bagi investor yang akan berusaha di tanah air. Dia menyebut Indonesia masih kalah kompetitif dibandingkan negara lain secara global. Bahkan dia merujuk pada hasil survei Fraser Institute di 2017 yang menempatkan Indonesia pada peringkat 10 besar terbawah.

“Sejak 2017 investasi hulu migas global trennya sudah naik, kita tetap saja turun,” ujarnya. 

Berdasarkan data Kementerian ESDM, investasi di sektor hulu migas memang belum mengalami peningkatan. Di 2015, realisasi investasi hulu migas tercatat mencapai US$ 15,04 miliar. Kemudian pada tahun berikutnya, realisasi investasi ini turun menjadi US$ 12,01 miliar. Investasi hulu migas justru semakin turun di 2017, yakni sebesar US$ 9,3 miliar. Sementara realisasi hingga September tahun ini hanya mencapai US$ 7,9 miliar dari target US$ 14,2 miliar.

Investor Daily, Page-9, Wednesday, Nov 7, 2018

Pertamina Prepares for Exploration of Oil and Gas Blocks

Since the two rounds of an exploration of oil and gas working area (WK oil and gas) exploration, the name of PT Pertamina is not visible. This time, in the third round of the exploration oil and gas block auction in 2018, Pertamina emerged as the direct bidder of one of the oil and gas WK, the Maratua Block.

     Deputy Minister of Energy and Mineral Resources (ESDM), Arcandra Tahar, mentioned Pertamina's participation in the auction this time because the state-owned company had conducted a joint study in the Maratua Block which had been in North Kalimantan and East Kalimantan since last year.

On the other hand, Arcandra assesses, through this auction Pertamina needs to increase the Reserve Replacement Ratio (RRR) or the replacement of oil and gas reserves that have been produced.

"They have their own counts to strengthen RRR through exploration," he said at the Ministry of Energy and Mineral Resources Office.

Pertamina's participation in the oil and gas exploration WK auction was welcomed by Director General of Oil and Gas Djoko Siswanto. He said, after all this time, Pertamina finally participated in the oil and gas WK auction.

"The joint study is Pertamina, thank God. It seems that the old Pertamina has not taken the oil and gas WK," Djoko said.

In participating in this auction, it seems that Pertamina's plan will be smooth. Because, this state-owned oil and gas company does not need to compete with other Cooperation Contracts (KKKS). As a result, Pertamina has a big chance of obtaining participation rights in the Block.

"The proposal was immediately submitted by Pertamina. In accordance with Minister of Energy and Mineral Resources Regulation No. 35 2008, this WK is specifically Pertamina's participation and is not open to others, "explained Djoko.

But Arcandra said Pertamina must continue to offer to the government in exploring the Maratua Block. The government has set Pertamina's offer for a definite minimum work commitment to carry out geological and geophysical studies (G & G), 500 km2 3D seismic surveys and deposit a minimum signature bonus of US $ 2 million.

The Executive Director of the ReforMiner Institute, Komaidi Notonegoro, assessed that Pertamina has so far been constrained in carrying out exploration efforts on upstream oil and gas. One reason is that Pertamina's business units are too many.

IN INDONESIAN

Pertamina Bersiap Eksplorasi Blok Migas

Sejak dua putaran lelang wilayah kerja minyak dan gas bumi (WK migas) eksplorasi, nama PT Pertamina tidak tampak. Kali ini, di putaran ketiga lelang blok migas eksplorasi di 2018, Pertamina muncul sebagai penawar langsung salah satu WK migas, yakni Blok Maratua. Wakil Menteri Energi dan Sumber Daya Mineral (ESDM), Arcandra Tahar, menyebutkan keikutsertaan Pertamina dalam lelang kali ini karena perusahaan milik negara ini sudah melakukan joint study di Blok Maratua yang berada di wilayah Kalimantan Utara dan Kalimantan Timur sejak tahun lalu. 

Di sisi lain, Arcandra menilai, melalui lelang kali ini Pertamina perlu meningkatkan reserve replacement ratio (RRR) atau penggantian cadangan migas yang telah diproduksi. 

"Mereka punya hitungan sendiri untuk memperkuat RRR lewat eksplorasi," ungkap dia di Kantor Kementerian ESDM.

Keikutsertaan Pertamina dalam lelang WK migas eksplorasi pun disambut gembira oleh Direktur Jenderal Migas Djoko Siswanto. Dia menyebutkan, setelah sekian lama, Pertamina akhirnya ikut dalam lelang WK migas. 

"Yang joint study ada Pertamina, alhamdulillah. Sepertinya sudah Iama Pertamina tidak ambil WK migas," ujar Djoko.

Dalam keikutsertaan lelang ini, agaknya rencana Pertamina akan mulus. Sebab, perusahaan migas milik negara ini  tidak perlu bersaing dengan Kontraktor Kontrak Kerja Sama (KKKS) lainnya. Alhasil, Pertamina berpeluang besar mendapatkan hak partisipasi di Blok itu. 

“Usulan penawaran langsung disampaikan oleh Pertamina. Sesuai Peraturan Menteri ESDM No. 35 2008, WK ini khusus partisipasi Pertamina dan tidak dibuka kepada yang lainnya," jelas Djoko.

Namun Arcandra menyebut Pertamina harus tetap memberikan penawaran ke pemerintah dalam mengeksplorasi Blok Maratua. Pemerintah menetapkan penawaran Pertamina untuk komitmen kerja pasti minimal melakukan studi geologi dan geofisika (G&G), survei seismik 3D 500 km2 dan menyetor bonus tanda tangan minimal US$ 2 juta.

Direktur Eksekutif ReforMiner Institute, Komaidi Notonegoro menilai sejauh ini Pertamina memang terkendala dalam melakukan upaya eksplorasi hulu migas. Salah satu sebabnya adalah unit bisnis Pertamina yang terlalu banyak.

Kontan, Page-14, Wednesday, Nov 7, 2018