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