Cisem Project As Soon As Groundbreaking

PT Rekayasa Industri (Rekind) targets the Cirebon-Semarang gas pipeline project (Cisem) to start groundbreaking at the end of December 2018. Rekind Managing Director Yanuar Budinorman said the process of discussing the project development plan had entered the final stage, including an agreement with potential gas pipeline users ( shipper), gas allocation, and licensing process.

At present, his party together with the Downstream Oil and Gas Regulatory Agency (BPH Migas) is discussing the calculation of rental rates for gas transportation or toll fee.

"So we have finalized everything. Maybe in 1-2 weeks. we consign with BPH Migas to determine toll fees. Toll fee was found, we hope that by the end of December it will begin, "Yanuar said.

Construction of the plan will begin from Semarang (Central Java) and continue to extend to Cirebon (West Java). The construction process of the Rekind's first transmission gas pipeline project is estimated to take around 2.5 years. Thus, the project is expected to be operational by 2021.

Regarding prospective gas pipeline facilities, Rekind cooperates with PT Bayu Buana Gemilang and PT Pertamina Gas (Pertagas). Rekind has signed an initial agreement with Bayu Buana Gemilang and in the near future the agreement will be followed up in a gas transport agreement (GTA). HOA with Pertagas will also be signed soon.

If this provision has been agreed upon, Bayu Buana Gemilang and Pertagas will channel gas to the Cirebon-Semarang pipeline facility or as a shipper, then distribute it to gas buyers. The gas distribution in the Cirebon-Semarang pipeline is expected to meet gas demand in West Java and Central Java. One of the areas that is the destination of the gas market, said Yanuar, is Kendal, Central Java.

In the distribution of gas in West Java and Central Java, Rekind also works with West Java regional-owned enterprises, PT Energi Negeri Mandiri and Central Java BUMD, PT Sarana Pembangunan Central Java and also with Pertagas, the auction for the gas pipeline project Cirebon-Semarang was won by Rekind since 2006.

But after 12 years have passed, there has been no development of the 682 kilometer (km) gas pipeline project. The project was abandoned for a long time because of constrained gas supply and buyers. Meanwhile, Rekind is targeting the gas allocation from the Jambaran-Tiung Biru field to be channeled through Cirebon-Semarang gas pipeline project.

Cepu Block by PT Pertamina EP Cepu (PEPC) 

Currently there are two gas sources being explored. The two gas sources, namely gas, amounted to 20 MMscfd from Jambaran-Tiung Biru Field in the Cepu Block managed by PT Pertamina EP Cepu (PEPC) and gas as much as 20 MMscfd from Madura BD Field on the Madura Strait Block managed by Husky CNOOC Madura Limited (HCML).

"That 20 MMscfd from Jambaran-Tiung Biru is one of them. We're working on it, another 20 MMscfd plus from Husky. So because we have partnered with Pertagas and BBG who are looking for their sources, they already know the source from anywhere, "he said.

IN INDONESIAN

Proyek Cisem Seegera Groundbreaking

PT Rekayasa Industri (Rekind) menargetkan proyek pipa gas Cirebon-Semarang (Cisem) mulai groundbreaking pada akhir Desember 2018. Direktur Utama Rekind Yanuar Budinorman mengatakan, proses pembahasan rencana pembangunan proyek tersebut telah memasuki tahap akhir, termasuk mengenai kesepakatan dengan calon pengguna pipa gas (shipper), alokasi gas, dan proses perizinan.

Saat ini, pihaknya bersama Badan Pengatur Hilir Minyak dan Gas (BPH Migas) sedang membahas perhitungan tarif sewa pengangkutan gas atau

toll fee. 

“Jadi kami sudah finalisasi semua. Mungkin dalam 1-2 pekan ini. kami konsinyering dengan BPH Migas untuk tentukan toll fee. Toll fee ketemu, kami harapkan akhir Desember ini mulai dimulai” ujar Yanuar.

Pembangunan rencananya akan dimulai dari Semarang (Jawa Tengah) dan diteruskan memanjang sampai Cirebon (Jawa Barat). Proses kontruksi proyek pipa gas transmisi pertama Rekind tersebut diperkirakan akan membutuhkan waktu sekitar 2,5 tahun.  Dengan demikian diharapkan proyek tersebut sudah dapat beroperasi pada 2021.

Terkait calon pengguna fasilitas pipa gas, Rekind menjalin kerja sama dengan PT Bayu Buana Gemilang dan PT Pertamina Gas (Pertagas). Rekind telah menandatangani perjanjian awal dengan Bayu Buana Gemilang dan dalam waktu dekat perjanjian tersebut akan ditindaklanjuti ke dalam kesepakatan pengangkutan gas (Gas Transport Agreement/GTA). HOA dengan Pertagas juga akan segera ditandatangani.

Jika ketentuan ini telah disepakati, Bayu Buana Gemilang dan Pertagas akan mengalirkan gas ke fasilitas pipa Cirebon-Semarang atau sebagai shipper, untuk kemudian didistribusikan kepada para pembeli gas. Distribusi gas pada jalur pipa Cirebon-Semarang ini diharapkan dapat memenuhi kebutuhan gas di Jawa Barat dan Jawa Tengah. Salah satu daerah yang menjadi tujuan pasar gas tersebut, kata Yanuar, adalah Kendal, Jawa Tengah.

Dalam pendistribusian gas di wilayah Jawa Barat dan Jawa Tengah, Rekind juga bekerja sama dengan badan usaha milik daerah (BUMD) Jawa Barat, PT Energi Negeri Mandiri dan BUMD Jawa Tengah, PT Sarana Pembangunan Jawa Tengah dan juga dengan Pertagas, Adapun lelang proyek pipa gas Cirebon-Semarang dimenangkan oleh Rekind sejak 2006. 

Namun setelah 12 tahun berlalu, belum ada perkembangan proyek pipa gas sepanjang 682 kilometer (km) itu. Proyek tersebut lama terbengkalai karena terkendala pasokan gas dan pembeli. Sementara itu, Rekind mengincar alokasi gas dari lapangan Jambaran-Tiung Biru untuk dialirkan melalui proyek pipa gas Cirebon-Semarang milik Rekind.

Saat ini sudah ada dua sumber gas yang sedang dijajaki. Dua sumber gas tersebut, yakni gas sebesar 20 MMscfd dari Lapangan Jambaran-Tiung Biru di Blok Cepu yang dikelola PT Pertamina EP Cepu (PEPC) dan gas sebanyak 20 MMscfd dari Lapangan Madura BD di Blok Madura Strait yang dikelola oleh Husky CNOOC Madura Limited (HCML).

“Itu 20 MMscfd dari Jambaran-Tiung Biru salah satunya. Kami lagi usahakan, 20 MMscfd lagi plus dari Husky. Jadi karena kami sudah bermitra dengan Pertagas dan BBG yang mencari sumbernya mereka, tapi sudah tahu sumber dari mana saja," katanya.

Bisnis Indonesia, Page-24, Monday, Nov 12, 2018

Upstream Oil and Gas Investment Target is Difficult to Reach

The realization of investment in the upstream oil and gas sector this year is not expected to be achieved according to the targets set in the 2018 State Budget (APBN) set at US $ 14.2 billion

As of October 31, the realization of investment in the sector was only US $ 8.7 billion (not including the exploration work area) or around 61%. End of year, it is estimated that the achievement is only 79%. SKK Migas Head Amien Sunaryadi said that the investment target was not achieved due to low IRR (Internal Rate of Return) and legal certainty which supported the realization of investment in the upstream oil and gas sector.

"Investors will certainly pay attention to the IRR. Investors will compare with IRR obtained from other countries. Investors are definitely looking for a large IRR, "he said.

Attractive returns on investment certainly make investors prefer investment destination countries. Amien said that if the IRR in Indonesia is high, then investors will choose to invest in Indonesia. Another problem is legal certainty, investors need legal certainty such as regulation, because investors need legal certainty before investing.

In addition, Amien added that the trend of upstream oil and gas investment was also influenced by the discovery of new reserves in Indonesia. The more discovery of oil and gas reserves in Indonesia, will positively correlate with the realization of upstream oil and gas investment. So far there have not been many inventions of new oil and gas reserves due to the lack of exploration activities.

"The upstream oil and gas investment trend is more influenced by the discovery of large or not. If large, the investment to build facilities is large. But if the discovery is small, the facilities are small. This means that the investment is small. So the determining factor is which discovery is small, "he said.

Regarding SKK Migas performance in 2019, Amien said that his party would only focus on exploration and keep the cost recovery not exceeding 100%. To reduce cost recovery, Amien ensures that it will not sacrifice the quality of product use, including iron and steel.

Uptake of local steel products needs to pay attention to the ability of manufacturers to provide goods. For this reason, the choice to optimize the use of domestic goods and services needs to bring commitment from local steel manufacturers.

In terms of local steel producers, there is hope to prioritize the use of local products, in the upstream oil and gas business. To that end, SKK Migas and the Indonesian Iron and Steel Industry Association (IISIA) signed a Memorandum of Understanding on the need for a fair price mechanism for domestic production as well as the existence of HSIA technical assistance to SKK Migas.

Amien said that with the MoU, SKK Migas did hope that there would be use of local steel in the upstream oil and gas sector. With the quality of the product that is the same as imported products, then what will be observed is the price. President Director of PT Pertamina EP Nanang Abdul Manaf welcomed SKK Migas' commitment to ensure that the use of products in the upstream oil and gas project is compulsory according to standards.

"We support because there is certainty, then the Head of SKK Migas also explained. That quality is not negotiable, both prices are also competitive, the third is shipping, so the time must be right, "he said.

On the same occasion, IISIA Chairperson Silmi Karim said, there were no problems regarding quality or price. According to him, the use of domestic products is to talk about the spirit of building a national industry.

East Natuna Block

EAST NATUNA

Meanwhile, the development of the Natuna D Alpha Block, also known as the East Natuna, has the potential to be hampered because there is still no technology to utilize carbon dioxide (CO2) gas. Amien said the East Natuna Block is predicted to have a large volume of gas. Only 72% of the gas found is carbon dioxide.

"So, if the gas is produced, where is the CO2 diverted? If CO2 wants to be used as fuel it can't. If it is thrown away, it will greatly damage the environment, "he said.

Therefore, he added, technology needs to be sought to utilize the amount of CO2 gas in the block.

"That's why we are looking for how to use CO2. Incidentally looking for the technology has not been successful so there is no technology that utilizes CO2. "

Previously, the Indonesian Petroleum Engineers Association (IATMI) encouraged the government to accelerate the realization of the use of oil and gas resources in the East Natuna Block, Natuna Regency, Riau Islands.

IATMI Chairperson Tutuka Ariadji said that the Natuna region has huge oil and gas potential, and needs to be utilized properly for domestic energy needs and export needs. He said the development of the East Natuna Block to increase national gas production needs to be harmonized with policies to increase domestic demand, so that projects that are delayed are very high.

IATMI Chairperson Tutuka Ariadji said that the Natuna region has huge oil and gas potential, and needs to be utilized properly for domestic energy needs and export needs. He said that the development of the East Natuna Block to increase national gas production needs to be harmonized with the policy to increase domestic demand, so that the project that is delayed for a long time can operate.

For information, oil and gas reserves in this block were discovered in 1974 by ExxonMobil. The reserves are 12,000 MMBOE, but because of the large carbon dioxide content, this block has not been produced.

IN INDONESIAN

Target Investasi Hulu Migas Sulit Tercapai

Realisasi investasi di sektor Hulu migas tahun ini diperkirakan tidak akan tercapai sesuai target yang ada dalam Anggaran Pendapatan dan Belanja Negara (APBN) 2018 yang ditetapkan senilai US$ 14,2 miliar

Per 31 Oktober, realisasi investasi di sektor itu hanya US$ 8,7 miliar (belum termasuk wilayah kerja eksplorasi) atau sekitar 61%. Akhir tahun, diperkirakan capaiannya hanya 79%. Kepala SKK Migas Amien Sunaryadi mengatakan tidak tercapainya target investasi tersebut karena faktor IRR (Internal Rate of Return) yang rendah dan kepastian hukum yang mendukung realisasi investasi di sektor hulu migas.

“Investor pasti akan memperhatikan IRR-nya berapa. Investor akan membandingkan dengan IRR yang didapat dari negara lain. Investor pasti mencari yang IRR nya besar,” katanya.

Tingkat pengembalian investasi yang menarik tentunya membuat investor lebih memilih negara tujuan investasi. Amien menyebutkan apabila IRR di Indonesia tinggi, maka investor pun akan memilih berinvestasi di Indonesia. Persoalan lain adalah kepastian hukum, Investor membutuhkan kepastian hukum seperti regulasi, ini karena investor membutuhan kepastian hukum sebelum berinvestasi.

Selain itu, Amien menambahkan tren investasi hulu migas juga dipengaruhi oleh penemuan cadangan baru di Indonesia. Semakin banyak penemuan cadangan migas di Indonesia, akan berkorelasi positif terhadap realisasi investasi hulu migas. Selama ini masih belum banyak penemuan cadangan migas baru karena sedikitnya pelaksanaan kegiatan eksplorasi.

“Tren investasi hulu migas itu lebih banyak dipengaruhi dengan adanya discovery yang besar atau tidak. Kalau besar maka investasi untuk membangun fasilitasnya besar. Tapi kalau discovery-nya kecil, ya fasilitasnya kecil. Artinya investasi-nya ya kecil. Jadi faktor yang menentukan itu discovery-nya kecil apa besar,” katanya.

Terkait kinerja SKK Migas pada 2019 mendatang, Amien mengatakan pihaknya hanya akan fokus pada eksplorasi dan menjaga agar cost recovery tidak melebihi 100%.  Untuk menekan cost recovery Amien memastikan tidak akan mengorbankan kualitas penggunaan produk, salah satunya besi dan baja.

Serapan produk baja lokal perlu memperhatikan kemampuan pemanufaktur untuk menyediakan barang. Untuk itu, pilihan untuk mengoptimalkan penggunaan barang dan jasa dalam negeri perlu menghadirkan komitmen dari pabrikan baja lokal.

Dari sisi produsen baja lokal, ada harapan untuk memprioritaskan penggunaan produk lokal, dalam bisnis hulu migas. Untuk itu, SKK Migas dan Asosiasi Industri Besi dan Baja Indonesia (IISIA) mendatangani Nota Kesepahaman tentang perlunya mekanisme penetapan harga wajar produksi dalam negeri serta adanya technical assistance dari HSIA kepada SKK Migas. 

Amien mengatakan dengan adanya MoU tersebut, SKK Migas memang berharap ada penggunaan baja lokal di sektor hulu migas. 

Dengan kualitas produk yang sama dengan produk impor, selanjutnya yang akan dicermati adalah mengenai harga. Direktur Utama PT Pertamina EP Nanang Abdul Manaf menyambut baik komitmen SKK Migas untuk memastikan penggunaan produk dalam proyek hulu migas wajib sesuai standar.

“Kami mendukung karena ada kepastian, kemudian juga Kepala SKK Migas sudah menjelaskan. Bahwa kualitas tidak bisa ditawar, kedua harga yang juga kompetitif, ketiga pengirimannya, jadi waktunya harus tepat,” katanya.

Pada kesempatan yang sama, Ketua Umum IISIA Silmi Karim mengatakan, tidak ada permasalahan soal kualitas ataupun harga. Menurutnya, penggunaan produk dalam negeri, adalah bicara semangat membangun industri nasional.

EAST NATUNA

Sementara itu, pengembangan Blok Natuna D Alpha atau yang juga disebut sebagai East Natuna berpotensi terhambat karena masih belum ditemukannya teknologi pemanfaatan gas karbondioksida (CO2). Amien mengatakan Blok East Natuna diprediksi memiliki volume gas yang cukup besar. Hanya saja, sebesar 72% dari gas yang ditemukan tersebut adalah karbondioksida.

“Nah jadi kalau gas itu diproduksi, CO2-nya itu dialihkan kemana? Kalau CO2 nya mau dijadikan bahan bakar tidak bisa. Kalau dibuang, besar sekali nanti merusak lingkungan,” katanya.

Oleh karena itu, dia menambahkan, perlu dicari teknologi untuk memanfaatkan besarnya gas CO2 dalam blok tersebut. 

“Karena itu dicari bagaimana memanfaatkan CO2. Kebetulan mencari teknologinya belum berhasil jadi belum ada teknologi yang memanfaatkan CO2.”

Sebelumnya, Ikatan Ahli Teknik Perminyakan Indonesia (IATMI) mendorong pemerintah mempercepat realisasi pemanfaatan sumber minyak dan gas (migas) di Blok East Natuna, Kabupaten Natuna, Kepulauan Riau.

Ketua Umum IATMI Tutuka Ariadji mengatakan kawasan Natuna memiliki potensi migas sangat besar, dan perlu dimanfaatkan dengan baik untuk kebutuhan energi dalam negeri dan kebutuhan ekspor. Dia mengatakan pengembangan Blok East Natuna untuk meningkatkan produksi gas nasional itu perlu diselaraskan dengan kebijakan untuk meningkatkan permintaan domestik, sehingga proyek yang tertunda sangat lama itu bisa beroperasi.

Untuk diketahui, cadangan migas pada blok ini telah ditemukan pada 1974 oleh ExxonMobil. Cadangannya sebesar 12.000 MMBOE, tetapi karena besarnya kandungan karbon dioksida, blok ini belum diproduksikan.

Bisnis Indonesia, Page-24, Monday, Nov 12, 2018

Pertamina Begins Drilling July 2019

PT Pertamina EP Cepu plans to begin drilling wells for the development of the Jambaran-Tiung Biru Unitization Field in July 2019.

Pertamina EP Managing Director Cepu Jamsaton Nababan said that initial civil works such as wellpad and road access had been completed so that next year drilling mobilization would be carried out.

the Jambaran-Tiung Biru Unitization Field

"We expect drilling to succeed. Imagine six wells must produce 330 MMscfd [production capacity], so one well must be able to 60 MMscfd. This is the first time in Indonesia, usually one well 10 MMscfd. How challenging this project would be if it failed to drill again it would be called a cost, "said Jamsaton, in a Press Conference on the Jambaran-Tiung Biru Development Project in Jakarta.

The plan is that the Company will drill four production wells at Wellpad Jambaran East in the third / 2019 quarter I / 2020 quarter. Then, drilling two production wells at Wellpad Jambaran Central in quarter II / 2020-quarter IV / 2020. The Jambaran-Tiung Biru (JTB) production target (onstream) is the II / 2021 quarter.

At present, the company is conducting a tender process for the procurement of well rigs to support the drilling activities of the production subsidiary of PT Pertamina (Persero). JTB General Manager Bob Wikan H Adibrata said that the overall progress of the JTB project's physical work was almost 9%. The achievement is claimed according to the target.

"The engineering work is a little delay due to licensing issues. From planning it is still on the track. The challenge is now entering the rainy season, if the floods affect the delivery of materials and physical work in the field, "he said.

The total investment value of this project originally reached US $ 2.05 billion. But with efforts to optimize, the project investment can be reduced to US $ 1, S billion

OPTIMIZATION

The company also optimizes the design of the project. As a result, the gas production from the project in Bandungrejo Village, Bojonegoro Regency, East Java, will increase by 2.0 MMscfd. The initial plan of the project would be to produce 172 MMscfd of gas.

Pertamina EP President Director Cepu Jamsaton Nababan said and the production allocation of 100 MMscfd was intended for Pertamina, which was then channeled to PLN for electricity needs in East Java and Central Java. The 72 MMScfd gas will supply industrial needs in Central and East Java. Meanwhile, it is looking for potential buyers for gas allocation of 20 MMscfd.

"Is the process going to all Persero or other buyers. If there is interest, please, "he said.

The price of gas at the well of the project is US $ 6.7 per million British thermal unit (MMBtu), flat for 30 years. With a toll fee of US $ 0.9 MMU, the price at the PLN power plant is US $ 7.6 per MMBtu.

PT Rekayasa Industri (Rekind) as the main contractor for the project's engineering, procurement and construction (EPC) work, under construction of the Gas Processing Facilities (GPF) seeks to maximize the Domestic Component Level (DCL/TKDN). The GPF TKDN target is targeted to reach 40.03%.

"The TKDN target must be achieved. Rekind even has a higher goal must be more than 40%. Our vendors are open to local. If you have competency and the price can be competition, we are open, "said Managing Director of Rekind Yanuar Budinorman.

IN INDONESIAN

Pertamina Mulai Pengeboran Juli 2019

PT Pertamina EP Cepu berencana mulai melakukan pengeboran sumur proyek pengembangan Lapangan Unitisasi Jambaran-Tiung Biru pada Juli

2019.

Direktur Utama Pertamina EP Cepu Jamsaton Nababan mengatakan, pekerjaan sipil awal seperti wellpad dan akses jalan telah selesai dikerjakan sehingga tahun depan mobilisasi pengeboran akan dilakukan.

“Kami harapkan pengeboran berhasil. Bayangkan enam sumur harus menghasilkan 330 MMscfd [kapasitas produksi], jadi satu sumur harus bisa 60 MMscfd. Ini pertama kali di Indonesia, biasanya satu sumur 10 MMscfd. Betapa menantangnya proyek ini kalau gagal harus mengebor lagi itu namanya biaya,” ujar Jamsaton, dalam Konferensi Pers Proyek Pengembangan Jambaran-Tiung Biru di Jakarta.

Rencananya Perseroan akan mengebor sebanyak empat sumur produksi di Wellpad Jambaran East pada kuartal III/2019-kuartal I/2020. Kemudian, mengebor dua sumur produksi di Wellpad Jambaran Central pada kuartal II/2020-kuartal IV/2020.  Target produksi (onstream) Jambaran-Tiung Biru (JTB) adalah kuartal II/2021.

Saat ini, perseroan sedang melakukan proses tender pengadaan rig sumur untuk menunjang kegiatan pengeboran sumur produksi anak usaha PT Pertamina (Persero) tersebut. General Manager JTB Bob Wikan H Adibrata mengatakan, secara keseluruhan kemajuan pekerjaan fisik proyek JTB hampir mencapai 9 %. Capaian tersebut diklaim sesuai dengan target.

“Pekerjaan engineering sedikit delay karena persoalan lisensi. Dari perencanaan masih on the track. Yang menjadi tantangan saat ini sudah memasuki musim hujan, kalau banjir mempengaruhi pengiriman material dan pekerjaan fisik lapangan,” katanya.

Total nilai investasi proyek ini semula mencapai US$ 2,05 miliar. Namun dengan upaya optimalisasi, investasi proyek tersebut dapat diturunkan menjadi US$ 1,S miliar

OPTIMALISASI

Perseroan juga melakukan optimalisasi terhadap desain proyek tersebut. Hasilnya, produksi gas dari proyek yang berada di Desa Bandungrejo, Kabupaten Bojonegoro-Jawa Timur itu akan bertambah sebesar 2.0 MMscfd. Rencana awal proyek tersebut akan akan menghasilkan gas 172 MMscfd. 

Direktur Utama Pertamina EP Cepu Jamsaton Nababan berujar dan produksi tersebut alokasi sebesar 100 MMscfd diperuntukkan untuk Pertamina, yang kemudian dialirkan ke PLN untuk kebutuhan listrik di Jawa Timur dan Jawa Tengah. Adapun gas sebanyak 72 MMScfd akan memasok kebutuhan industri di Jawa Tengah dan Jawa Timur. Sementara itu, pihaknya sedang mencari calon pembeli untuk alokasi gas sebesar 20 MMscfd.

“Sedang proses apakah ke Persero semua atau buyers lain. Kalau ada yang minat silakan,” katanya.

Harga gas di mulut sumur untuk proyek tersebut adalah US$ 6,7 per juta british thermal unit (MMBtu), tetap (flat) selama 30 tahun. Dengan biaya toll fee sebesar US$ 0,9 MMbtu, harga di pembangkit listrik PLN menjadi sebesar US$ 7,6 per MMBtu.

PT Rekayasa Industri (Rekind) sebagai kontraktor utama pekerjaan rekayasa, pengadaan dan konstruksi atau Engineering, Procurement, Construction (EPC) proyek tersebut, dalam pengerjaan Gas Processing Facilities (GPF) berupaya untuk memaksimalkan Tingkat Komponen Dalam Negeri (TKDN). Target TKDN GPF ditargetkan mencapai 40,03%.

“Target TKDN harus capai. Rekind malah punya tujuan lebih tinggi harus lebih dari 40%. Vendor kami buka untuk lokal. Kalau punya kompetensi dan harga bisa kompetisi, kami buka,” kata Direktur Utama Rekind Yanuar Budinorman. 

Bisnis Indonesia, Page-10, Saturday, Nov 10, 2018 

Japan & Algeria buy Indonesian CPO

High demand from Japan and Algeria for Indonesia's crude palm oil (CPO) products shows that the commodity export market is increasingly widespread. Japan and Algeria are included in the country with the largest purchase value during the 2018 Indonesia Trade Expo.

Trade Minister Engartiartio Lukita said that the high demand from the two countries showed that Indonesian CPO began to penetrate the market outside traditional buyer countries such as China, India, and countries in the European Union.

Crude Palm Oil (CPO)

"Many of our CPO buyers are new, not old ones. So palm oil businesses do not complain later when asked to deposit export levies, "he said on Friday (11/9).

Based on data from the Ministry of Trade, the CPO trade agreement produced in the 2018 Indonesia Trade Expo reached US $ 132.5 million. As for, the biggest buyers are Japan, India, Algeria, Bulgaria and Romania with a value of purchases of US $ 111, 87 million, US $ 11.17 million, US $ 6.10 million, US $ 2.73 million and US $ 0.48 million.

However, the Trade Method underlines, Algeria is a country that does not belong to the World Trade Organization (WTO) so that Indonesia cannot resolve trade disputes with these countries in international forums. Director General of Foreign Trade at the Ministry of Trade, Oke Nurwan, explained that despite not being a member of the WTO, Indonesia had never experienced a dispute with Algeria.

"Yes, at this time it hasn't, yes it's still safe, it's not that far, and the risk is still not visible," he said.

COMPETITION

Oke said, Algeria is still not included in developed countries and it is likely that they will need vegetable oils that have competitive prices, namely CPO.

Algeria is likely to be good, because they have potential for us, and the demand for vegetable oil supplied by palm oil is 43%, we are more competitive, "he said.

To answer this potential, the Trade Ministry scheduled a visit to Algeria later this month. For Japan, okay say the Indonesian government will try to make Sakura State recognize the Indonesian Sustainable Palm Oil (ISPO) standard, and at present, Japan has recognized the Roundtable on Sustainable Palm Oil (RSPO) standard.

Chairperson of the Standing Committee for Export Development of the Indonesian Chamber of Commerce and Industry Handito Joewono said that Indonesia had already had to began giving up traditional market CPO dependence. Because, every country must have a mechanism to protect its domestic market from foreign products, including Indonesia.

IN INDONESIAN

Jepang & Aljazair Membeli CPO Indonesia

Permintaan tinggi dari Jepang dan Aljazair untuk produk minyak sawit mentah (CPO) Indonesia menunjukkan pasar ekspor komoditas tersebut semakin Iuas. Jepang dan Aljazair termasuk dalam negara dengan nilai pembelian terbesar selama Trade Expo Indonesia 2018. 

Meteri Perdagangan Enggartiasto Lukita mengatakan, permintaan yang tinggi dari kedua negera menunjukkan CPO Indonesia mulai merambah pasar di luar negara pembeli tradisional seperti China, India, dan negara-negara di Uni Eropa.

“Pembeli CPO kita ini banyak yang baru, bukan yang Iama. Jadi pelaku usaha sawit jangan komplain Iagi kalau diminta menyetorkan pungutan ekspor,” katanya, Jumat (11/9).

Berdasarkan data Kemendag, perjanjian dagang CPO yang dihasilkan dalam Trade Expo Indonesia 2018 mencapai US$ 132,5 juta. Adapun, negara pembeli terbesar adalah Jepang, India, Aljazair, Bulgaria dan Rumania dengan nilai pembelian masing-masing US$ 111 ,87 juta, US$ 11,17 juta, US$ 6,10 juta, US$ 2,73 juta, dan US$ 0,48 juta.

Hanya saja, Meteri Perdagangan menggarisbawahi, Aljazair merupakan negara yang bukan temiasuk ke dalam World Trade Organization (WTO) sehingga Indonesia tidak bisa menyelesaikan sengketa dagang dengan negara tersebut di forum internasional. Direktur Jenderal Perdagangan Luar Negeri Kemeterian PerdaganganOke Nurwan menjelaskan, meski tidak menjadi anggota WTO, Indonesia belum pernah mengalami sengketa dengan Aljazair.

“Iya saat ini belum, iya masih aman saja, belum sejauh itu lah, dan risikonya juga masih belum bisa terlihat,” katanya.

KOMPETISI

Oke mengatakan, Aljazair masih belum termasuk negara maju dan besar kemungkinan mereka akan membutuhkan minyak nabati yang memiliki harga kompetitif, yakni CPO.

Aljazair kemungkinan akan bagus, karena mereka potensi bagi kita, dan kebutuhan minyak nabati dipasok oleh sawit itu 43%, kita lebih kompetitif,” ujarnya.

Untuk menjawab potensi tersebut Meteri Perdagangan menjadwalkan kunjungan ke Aljazair akhir bulan ini. Untuk Jepang, Oke mengatakan pemerintah Indonesia akan berusaha agar Negara Sakura mengakui standar Indonesian Sustainable Palm Oil (ISPO]. Saat ini, Jepang telah mengakui standar Roundtable on Sustainable Palm Oil (RSPO).

Ketua Komite Tetap Pengembangan Ekspor Kamar Dagang dan Industri Indonesia Handito Joewono mengatakan, Indonesia memang sudah harus mulai merelakan ketergantungan CPO pasar tradisional. Pasalnya, setiap negara pasti memiliki mekanisme untuk melindungi pasar dalam negerinya dari produk Iuar negeri, termasuk Indonesia.

Bisnis Indonesia, Page-10, Saturday, Nov 10, 2018 

Look for ExxonMobil Investment Opportunities to Meet Jokowi

ExxonMobil took over 100% of PT Federal Karyatama from the old shareholder, PT Mitra Pinasthika Mustika Tbk. The acquisition process is expected to further strengthen the position of PT ExxonMobil Lubricants Indonesia to market lubricants through a network of distributors throughout

Indonesian territory.

Meanwhile, ExxonMobil's Chief Executive Officer Darren Woods met with President Joko Widodo at Merdeka Palace on Thursday (8/11). In the meeting which began at around 09.00 to 09.30 WIB, the President was accompanied by Deputy Minister of Energy and Mineral Resources Archandra Tahar and Maritime Coordinating Minister Luhut Binsar Panjaitan.

After the meeting, Arcandra said the meeting between ExxonMobil and President Jokowi discussed the development of investment in the oil company from the United States in Indonesia.

Banyu Urip Field, Cepu Block

"Their production [Banyu Urip Field, Cepu Block] is now much higher and expected. What is expected is 180,000 bpd, they are now 207,000 barrels per day, "Archandra said.

In addition, according to him, there is the potential for additional oil reserves. This is good news for Indonesia. In addition, Archandra said that Exxon's party appreciated investment in the oil sector in Indonesia. According to him, regulations that are based on convenience, certainty and efficiency in Indonesia are in line with US culture.

IN INDONESIAN

Cari Peluang Investasi ExxonMobil Temui Jokowi

ExxonMobil mengambil alih PT Federal Karyatama sebesar 100% dari pemegang saham lama, yakni PT Mitra Pinasthika Mustika Tbk. Proses akuisisi diperkirakan semakin memperkuat posisi PT ExxonMobil Lubricants Indonesia untuk memasarkan pelumas melalui jaringan distributor di seluruh wilayah Indonesia.

Sementara itu, Chief Executive Officer ExxonMobil Darren Woods menemui Presiden Joko Widodo di Istana Merdeka, Kamis (8/11). Dalam pertemuan yang dimulai sekitar pukul 09.00 hingga 09.30 WIB itu, Presiden didampingi oleh Wakil Menteri Energi dan Sumber Daya Mineral Archandra Tahar dan Menteri Koordinator Bidang Kemaritiman Luhut Binsar Panjaitan.

Seusai pertemuan, Arcandra mengatakan pertemuan antara ExxonMobil dan Presiden Jokowi itu membahas perkembangan investasi perusahaan minyak dari Amerika Serikat itu di Indonesia. 

“Produksi mereka [Lapangan Banyu Urip, Blok Cepu] sekarang jauh lebih tinggi dan yang diharapkan. Yang diharapkan 180.000 bph, mereka itu sekarang 207.000 barrel per hari,” kata Archandra.

Di samping itu, menurutnya, ada potensi penambahan cadangan minyak. Hal tersebut merupakan berita baik buat Indonesia. Di samping itu, Archandra mengatakan bahwa pihak Exxon mengapresiasi mengenai investasi di sektor minyak di Indonesia. Menurutnya, regulasi yang mendasarkan pada kemudahan, kepastian dan efisiensi di Indonesia sejalan dengan kultur Amerika Serikat.

Kontan, Page-13, Friday, Nov 9, 2018

ExxonMobil is increasingly aggressive in downstream oil and gas

In addition to being active in the upstream oil and gas sector, oil companies from the United States, ExxonMobil are committed to aggressively investing in oil and gas downstream. One of the projects in the downstream sector that is being completed is the construction of a storage and shipping facility for fuel oil (BBM) in Balikpapan which is expected to start operating in 2020.

The fuel oil terminal (TBBM) located in Balikpapan is a result of collaboration between PT ExxonMobil Lubricants Indonesia and PT Karingau Gapura Terminal Energi to exclusively lease fuel storage and shipping facilities. ExxonMobil Indonesia's Vice President Public and Government Affair Erwin Maryoto said that Balikpapan TBBM will begin in 2020.

The agreement between Karingau Gate of Energi Terminal costs at least US $ 100 million.

"The plan is [operating the BBM storage facility] 2020," he said.

In addition to strengthening investment in TBBM, ExxonMobil has also completed the acquisition of Federal Lubricant worth US $ 436 million. With this acquisition, making the company from Uncle Sam's country get the Federal Oil selling brand and a lubricant production plant with a capacity of 700,000 barrels per year in Cilegon, Banten, West Java.

IN INDONESIAN

ExxonMobil Semakin Agresif di Hilir Migas

Selain aktif di sektor hulu minyak dan gas bumi, perusahaan minyak dari Amerika Serikat, ExxonMobil berkomitmen untuk agresif berinvestasi di hilir migas. Salah satu proyek di sektor hilir yang sedang diselesaikan adalah pembangunan fasilitas penyimpanan dan pengiriman Bahan Bakar Minyak (BBM) di Balikpapan yang diperkirakan akan mulai beroperasi pada 2020.

Terminal bahan bakar minyak (TBBM) yang berlokasi di Balikpapan itu merupakan basil kerja sama antara PT ExxonMobil Lubricants Indonesia dengan PT Karingau Gapura Terminal Energi untuk secara ekslusif menyewakan fasilitas penyimpanan dan pengiriman bahan bakar Vice President Public and Government Affair ExxonMobil Indonesia Erwin Maryoto mengatakan, operasional TBBM Balikpapan akan dimulai pada 2020.  

   Kesepakatan antara Karingau Gapura Terminal Energi memakan biaya sedikitnya US$100 juta.

“Rencananya [pengoperasian fasilitas penyimpanan BBM] 2020," katanya.

Selain memperkuat investasi di TBBM, ExxonMobil juga telah menyelesaikan proses akuisisi Federal Lubricant senilai US$ 436 juta. Dengan akuisisi ini, membuat perusahaan dari Negeri Paman Sam itu mendapatkan merek jual Federal Oil dan pabrik pencampuran produksi pelumas dengan kapasitas 700.000 barel per tahun di Cilegon, Banten-Jawa Barat.

Bisnis Indonesia, Page-24, Friday, Nov 9, 2018

Oil and Gas Revenue Exceeds Target

Slow Exploration, Decreasing Production

The increase in oil prices brings blessings to state revenues. Because the price of black gold has soared, state revenues until the end of 2018 from the upstream oil and gas sector are projected to reach USD 17.5 billion or IDR 257.25 trillion (exchange rate of IDR 14,700). That figure reached 147 percent of the target in the 2018 State Budget which was set at USD 1 1.9 billion.

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) noted that up to October 31, 2018 state revenues from the upstream oil and gas sector reached USD 14.6 billion or Rp 214.62 trillion. That figure is 123 percent of the 2018 state budget target. Head of SKK Migas Amien Sunaryadi said that the country's revenues are closely related to national oil and gas production and the increase in world oil prices.

"Until the end of the year, the largest oil and gas production is projected to continue to come from Chevron in the Rokan Block, then Exxon Mobil in Banyu Urip," he said.

the Rokan Block

The achievement of oil and gas lifting until October 31, 2018 is only 96 percent of the 2018 State Budget target of 2 million barrel oil equivalent per day (BOEPD). Oil and gas production in that period only touched 1.917 million BOEPD. Meanwhile, until the end of the year oil and gas production is projected to only reach 1.916 million BOEPD.

The failure of oil and gas lifting is due to the decline in oil and gas production in the country because 79 percent of oil and gas fields in Indonesia are old. Meanwhile, production of 77 percent of oil and gas fields in Indonesia shows a downward trend.

"National lifting is going down, what do you want to do too," he added.

According to him, one of the reasons is the lack of oil and gas exploration carried out by the government. So far the government has relied on private investment to explore oil and gas in the country.

 the Banyu Urip Field

"The state is not serious about exploration. Banyu Urip originally had Pertamina, but it was not discovery. Humpuss held discovery discovery as well. After that, Exxon held it, the discovery was very big because they wanted a very wide 3D seismic investment, "he explained.

Since 1940, the largest oil and gas blocks in the country have always been found by foreign companies. Among other things, the Minas Field as the largest oil and gas field in ASEAN in the Rokan Block was discovered by Chevron in 1941.

IN INDONESIAN

Penerimaan Migas Lampaui Target

Eksplorasi Lambat, Produksi Menurun

Kenaikan harga minyak membawa berkah pada penerimaan negara. Gara-gara harga emas hitam itu melambung, penerimaan negara hingga akhir 2018 dari sektor hulu migas diproyeksikan bisa mencapai angka USD 17,5 miliar atau Rp 257,25 triliun (kurs Rp 14.700). Angka itu mencapai 147 persen dari target dalam APBN 2018 yang ditetapkan USD 1 1,9 miliar.

Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) mencatat, hingga 31 Oktober 2018 penerimaan negara dari sektor hulu migas mencapai USD 14,6 miliar atau Rp 214,62 triliun. Angka itu 123 persen dari target APBN 2018. Kepala SKK Migas Amien Sunaryadi mengatakan, penerimaan negara tersebut berhubungan erat dengan produksi migas nasional dan kenaikan harga minyak dunia. 

"Hingga akhir tahun nanti diproyeksikan produksi migas terbesar tetap berasal dari Chevron di Blok Rokan, lalu Exxon Mobil di Banyu Urip,” ungkapnya.

Pencapaian lifting migas hingga 31 Oktober 2018 hanya 96 persen dari target APBN 2018 sebesar 2 juta barrel oil equivalent per day (BOEPD). Produksi migas pada periode tersebut hanya menyentuh 1,917 juta BOEPD. Sedangkan hingga akhir tahun produksi migas diproyeksikan hanya 1,916 juta -BOEPD. 

Melesetnya lifting migas disebabkan menurunnya produksi migas di tanah air lantaran 79 persen lapangan migas di Indonesia sudah tua. Sementara itu, produksi 77 persen lapangan migas di Indonesia menunjukkan tren menurun. 

"Lifting nasional turun, mau diapakan juga turun" imbuhnya. 

Menurut dia, salah satu penyebabnya adalah masih minimnya eksplorasi migas yang dilakukan pemerintah. Selama ini pemerintah bergantung pada investasi swasta untuk mengeksplorasi migas di tanah air.

”Negara tidak serius untuk eksplorasi. Banyu Urip awalnya punya Pertamina, tetapi tidak discovery. Dipegang Humpuss juga ridak discovery. Setelah itu dipegang Exxon, akhirnya discovery sangat besar karena mereka mau investasi seismik 3D luas sekali,” urainya.

Sejak 1940, blok-blok migas terbesar di tanah air selalu ditemukan perusahaan asing. Di antaranya, Lapangan Minas sebagai lapangan migas terbesar di ASEAN di Blok Rokan ditemukan Chevron pada 1941.

Jawa Pos, Page-5, Friday, Nov 9, 2018