MEDC Acquisition of Two Subsidiaries ConocoPhillips Rp 3 Trillion

   It is clear how much money has been spent by PT Medco Energy Tbk (MEDC) to acquire ConocoPhillips Indonesia Inc. Ltd (CIL) and ConocoPhillips Singapore Operations Pte Ltd (CSOP). To take ownership of the two subsidiary companies of ConocoPhillips, Medco spent US $ 239 million. 

   When calculated in rupiah, the total acquisition value reaches more than Rp 3 trillion. This acquisition is divided into two separate transactions. The CIL acquisition value is the US $ 238 million, while the acquisition value of CSOP shares is the US $ 1 million.

    Medco acquisition, through its subsidiary, Medco Natuna. CIL is the beneficial owner of 40% participation of South Natuna Sea Block B (SNSB). Average CSop is a company that operates an onshore receiving facility in Singapore. In addition to getting the operating capability of offshore oil and gas integrated, this acquisition also strengthens our position, "said Fakhrini Nilamsari, Corporate Secretary MEDC. MEDC lately is diligent to make acquisitions.

    Previously, the family-owned issuers Arifin was official holds 50% ownership of PT Amman Mineral lnvestama, which has an 82.2% stake in PT Newmont Nusa Tenggara (NNT) with a value of US $ 2.6 billion acquisition. With the agenda, the automatic need for new sources of funding both to pay off previous debts in order to increase leverage as well as for capital requirements for assets recently acquired increased. In mid-September, MEDC issued bonds worth Rp 125 trillion.

    These bonds are part of the Sustainable Public Offering (PUB) II Phase II to total funds raised the target of Rp 5 trillion. These debt securities are divided into two series, namely Series A of Rp 284.1 billion with a fixed interest rate of 10.8% per annum and a term of three years. Then Series B worth Rp 208 billion with a fixed interest rate of 11.3% and a five-year tenure. Both bonds with a total of Rp 492 billion was secured with full capability (full commitment).

    Then, the remaining bonds amounting to Rp 758 billion will be secured with the best ability (best effort). MEDC will use the bond proceeds to pay down debt and capital expenditures. 60% of funds from the bond will be used to pay off the bonds I Medco in 2013 worth Rp 1.5 trillion. The bonds will mature in March 2018 with a coupon of 8.85%.

Kontan, Page-5, Tuesday, Nov, 22,2016

Oil and Gas Energy Crisis Stronger

Revised Law Oil certainly not be completed this year

     The threat of an energy crisis intensified after the slow revision of Law Number 22 the Year 2001 concerning Oil and Gas. Without the discovery of new reserves, Indonesia's oil reserves of around 3 billion barrels will be used up in less than 12 years. 

     Indonesia will really be in an energy crisis if new oil and gas reserves are not immediately found. With the current crude oil reserves of around 3 billion barrels, they will be used up in less than 12 years.

    In addition to the absence of new reserves, the rate of return on oil reserves in Indonesia is less than 50 percent. The rate of return ratio of oil reserves is less than 50 percent, meaning that for every barrel of oil that is drained, the discovery of new reserves is not more than half of the amount drained. 

     One root of the problem of oil and gas investment in Indonesia, said Maryati, is a legal protection that still has gaps in terms of planning, management, and supervision.

    The uncertain oil and gas upstream institutional model and the frequently changing rules make the upstream oil and gas investment climate in Indonesia tinged with uncertainty. It has an impact on oil and gas exploration in Indonesia that is less passionate. The revision process of Law Number 22 the Year 2001 concerning Oil and Gas which is expected to be a solution to the threat of an energy crisis is difficult to expect. 

     Until now, there is no clarity when the revision will be completed. Andang added that although Indonesia's oil reserves continue to shrink there is still an opportunity to increase the number of reserves through the enhanced oil recovery / EOR method.

    He suggested that this method be specifically regulated in the revision of Law No. 22 of 2001. According to him, petroleum technology continues to develop and if utilized optimally can help find new oil reserves. There is a potential of around 100 billion barrels. 

    Why not log in as a backup? Because there is no Plan Of Development (POD). Even if it already exists, it is still overshadowed by uncertainty. See the Masela Block, the problem is still around 13 years in the POD, "Andang said.

    He also suggested that the government be willing to open up oil and gas data and free the private sector to access the data. If the data is open to other parties, it can increase the interest of the private sector to explore. The openness of data as one way to increase exploration activities in Indonesia.

   Sulistio added, the cessation of the discussion of the revision of Law Number 22 of 2001 in Commission VII of the House of Representatives (DPR) showed the poor performance of legislation in the DPR. From the discussion of the DPR's revision, until 9 November 2016, the DPR had only completed 9 of the 50 laws targeted this year. He suspects that the Oil and Gas Mafia will benefit from the slow process of revising the law.

the Oil and Gas Mafia in Pertamina

    Revised discussion of revisions always enters the National Legislation Program which seems to be a priority. The fact is there is no solution. I am worried that next year it will also suffer the same fate because the concentration of the DPR is divided along with the simultaneous regional elections in 2017.

      Fahmy believes that the results of the revised discussion should give priority to state-owned enterprises (SOEs) to manage oil and gas resources in Indonesia. The priority is as a form of constitutional mandate in which natural resources are controlled by the state and managed for the sources of people's prosperity.

Satya Widya Yudha

    Nevertheless, BUMN is given the power to hold other parties. House of Representatives Commission VII member Satya Widya Yudha said that discussion of the revision of Law Number 22 of 2001 would not be possible this year. According to him the working committee or special committee for revision had not been formed in the plenary session. 

   At present, fuel consumption is much higher than the domestic production figure. Consumption reaches 1.6 million barrels per day with only 800,000 barrels of oil produced domestically and the rest imported.

    The government has acted quickly to add new oil and gas reserves through increased exploration. A number of auctions for oil and gas working areas this year turned out to be less attractive to investors. In addition to the low oil price factor, investors are also overshadowed by a bad investment climate, such as complicated licensing and taxation models that are considered less profitable.

Kompas, Page-17, Tuesday, Nov, 22,2016

Penambang Tolak Penertiban

     Masyarakat di Kecamatan Kedewan, Bojonegoro dan Kecamatan Senori, Kabupaten Tuban, tetap ngotot menolak penertiban penambangan minyak sumur tua yang ada di wilayah mereka. Pasalnya, masyarakat sangat dirugikan atas penertiban tersebut dan terancam kehilangan pekerjaan. Penertiban yang dilakukan di tambang minyak sumur tua tidak lebih dari sebuah akal-akalan. Alasannya, petugas yang melakukan penertiban bukan dari PT. Pertamina, tetapi petugas dari PT. Geo Cepu Indonesia (GCI).

    Sedangkan PT. GCI sebenarnya tidak memiliki hak kerjasama dengan Pertamina atas sumur-sumur minyak tua yang ada di Kedewan dan Senori. Sumur minyak tua di Kecamatan Kedewan berada di Desa Wonocolo dan Desa Kawengan, sedangkan yang berada di Kecamatan Senori yakni di Desa Banyuurip dan Desa Wonosari. Masih menurut Sugit, lembaga yang masih memiliki kerja sama operasional dengan Pertamina atas pengelolaan tambang minyak sumur tua yaitu Koperasi Unit Desa (KUD) Sumber Pangan di Desa Wonocolo.

    Anehnya, secara sepihak PT. GCI meminta masyarakat untuk menyetorkan hasil minyak kepada PT. GCI, bukan ke Pertamina. Ini seperti sebuah permainan ilegal. Karena seharusnya hasil minyak dari sumur tua diserahkan ke Pertamina, tetapi kemudian akan diminta perusahaan swasta non BUMD. PT. GCI mengklaim telah memiliki Kerja Sama Operasi (KSO) dengan Pertamina EP aset IV Cepu. Kemudian melakukan sosialisasi penertiban penambangan minyak sumur tua di ruang rest room Distrik 1 Kewengan.

    Pelaksanaan sosialisasi itu sempat dikeluhkan wartawan yang ingin meliput karena dilakukan tertutup. Begitupun juga dengan pengamanan yang dilakukan oleh security maupun PAM Obvit Polda Jawa Timur sangat ketat sehingga wartawan tidak memiliki akses terhadap informasi sosialisasi. Menurut Humas PT. Geo Cepu Indonesia, Sugiarto, rencana penertiban penambang minyak sumur tua dibagi dua wilayah yakni Wilayah barat dan wilayah timur. Sosialisasi dilakukan perwakilan penambang minyak sumur tua KW 08,Kw 73,Kw 89,Kw 119 P 15 PHZ dan Kw 05.

    Penertiban penambang minyak sumur tua tetap akan kami lakukan karena sumur tua yang dikelola penambang merupakan aset negara. Sebelumnya dua kawasan penambangan sumur minyak tua ini sudah ditertibkan pihak Pertamina EP Asset IV. Bahkan dua kawasan ini bakal dijadikan sebuah tempat wisata sumur minyak di Bojonegoro yang bisa mendatangkan uang yang sangat besar dan sektor pariwisata.

IN ENGLISH

Miners Reject Control

    Kedewan people in the District, and District Senori Bojonegoro, Tuban, insisted refused curbing oil mining old wells in their territory. Because the community is very aggrieved over the curb and in danger of losing their jobs. The controlling is done in old wells oil fields is nothing more than a subterfuge. The reason, the officer who made the control not of PT. Pertamina, but officers from PT. Geo Cepu Indonesia (GCI).

    While PT. GCI does not really have the right to cooperate with Pertamina on old oil wells in Kedewan and Senori. Old oil wells in Sub Kedewan located in the Village and Village Wonocolo Kawengan, while in Sub Senori the village Banyuurip and Wonosari. Still according Sugit, the agency still has operational cooperation with Pertamina for the management of the oil wells are old Village Unit Cooperatives (KUD) Food Source in the village of Wonocolo.

    Surprisingly, unilaterally PT. GCI asking the public to deposit oil revenues to the PT. GCI, not to Pertamina. It's like a game illegal. Because supposedly the result of oil from old wells handed over to Pertamina, but will then be asked a private company non-public enterprises. PT. GCI claims to have had a Joint Operation (KSO) with Pertamina EP Cepu assets IV. Then socializing curbing oil mining old wells in the rest room's District 1 Kewengan.

    Dissemination it had complained of journalists who wish to cover as given in confidence. Likewise also with security committed by security and PAM Obvit East Java police are very strict so that journalists do not have access to information dissemination. According Public relations PT. Geo Cepu Indonesia, Sugiarto, curbing plan oilmen old wells divided in two regions of the west and the east. Socialization is done representatives oilmen old wells KW 08, 73 Kw, Kw 89, P 15 PHZ 119 Kw and 05 Kw.

    Control of oil miners old wells still going to do for an old well-run miner is a state asset. Previous two mining district of old oil wells have already curbed the Pertamina EP Asset IV. In fact, these two regions will be used as a tourist spot in Bojonegoro oil wells which could bring huge money and the tourism sector.

Duta Mayarakat, Page-15, Tuesday, Nov,22,2016

Pipa Porong-Grati Siap Alirkan Gas

    PT Pertamina Gas telah merampungkan pembangunan pipa gas di Porong, Sidoarjo hingga Grati, Pasuruan dan siap menyalurkan gas ke PT Perusahaan Listrik Negara (PLN). Vice President Corporate Communication PT Pertamina selaku induk usaha Pertagas Wianda Pusponegoro mengatakan, pihaknya telah menyelesaikan pembangunan jaringan pipa Porong-Grati. Saat ini pipa sudah tertanam secara keseluruhan. Dia mengatakan, pihaknya tengah menunggu proses finalisasi kesepakatan dengan PLN untuk menyalurkan gas.

    Sesuai target, pipa gas dapat beroperasi pada kuartal I 2016. Kapasitas terpasang pada pipa itu mencapai 120 MMscfd. Gas tersebut akan disalurkan untuk memenuhi kebutuhan pembangkit listrik gas dan uap unit pembangkit Grati sebesar 25 MMscfd milik PT Indonesia Power selaku anak usaha PLN sedangkan sisanya disalurkan ke industri dan rumah tangga di sekitar Pasuruan. Untuk pipa Porong-Grati dengan panjang 56 kilometer (km) ini Pertagas mendapat pasokan gas dari Santos sebesar 25 MMscfd hingga 2019, serta Husky Energy Limited sebesar 40 MMscfd. Sementara itu, Kangean Energy Indonesia Ltd (KEIL) akan memasok 100 MMscfd mulai 2021 sampai dengan 2024.

    Untuk membangun pipa Porong-Grati, perusahaan menyiapkan investasi mencapai US$ 87 juta. Wianda juga mengatakan bahwa pihaknya telah merampungkan pembangunan pipa gas Muara Karang-Muara Tawar sepanjang 31,2 kilometer. Menurut Wianda, keseluruhan pipa sudah tertanam. Pipa gas Muara Karang-Muara Tawar akan diekspansi hingga ke Tegalgede sehingga panjangnya mencapai 70 km. Investasi yang diperlukan diprediksi mencapai US$ 155 juta.

    Tahun ini Pertagas juga membangun pipa dari Grissik ke Pusri sepanjang 300 kilometer dengan diameter 20 inchi yang mengalirkan 160 MMscfd. Pipa sepanjang 70 kilometer berdiameter 20 inchi untuk mengalirkan gas sebesar 170 MMscfd. Dana yang dialokasikan senilai US$ 150 juta untuk membangun pipa Grissik-Pusri dan US$ 70 juta menyambung pipa Duri-Dumai. Jaringan pipa gas Grissik-Pusri dibangun agar bisa memasok kebutuhan ke Palembang dan sekitarnya.

    Adapun, pembangunan infrastruktur ini akan menyentuh sampai ke Kawasan Ekonomi Khusus Tanjung Api-Api pada tahun depan. Menurut Wianda, seluruh investasi baru di bidang infrastruktur gas ditujukan untuk meningkatkan volume transportasi serta niaga gas. Termasuk volume regasifikasi.

IN ENGLISH

Porong-Grati pipeline Ready to Gas Stream

    PT Pertamina Gas has completed the construction of a gas pipeline in Porong, Sidoarjo to Grati, Pasuruan and ready to deliver gas to PT Perusahaan Listrik Negara (PLN). Vice President Corporate Communications PT Pertamina as the parent company Pertagas Wianda Pusponegoro said it has completed the construction of the pipeline  Porong-Grati. Currently the pipeline is embedded as a whole. He said it is waiting for the process of finalizing an agreement with PLN to supply gas.

    Appropriate targets, the gas pipeline can operate in the first quarter of 2016. The installed capacity in the pipeline reached 120 MMSCFD. The gas will be supplied to meet the needs of power generation gas and steam generating units amounted to 25 MMSCFD Grati owned by PT Indonesia Power as a subsidiary of PLN, while the rest is supplied to industry and households around Pasuruan. For the Porong-Grati pipe with a length of 56 kilometers (km) is Pertagas receive gas supply from Santos by 25 MMSCFD by 2019, as well as Husky Energy Limited amounted to 40 MMSCFD. Meanwhile, Kangean Energy Indonesia Ltd (KEIL) will supply 100 MMSCFD began in 2021 until 2024.

    To build the pipeline Grati Porong, the company will invest US $ 87 million. Wianda also said that it has completed the construction of a gas pipeline Muara Karang-Muara Tawar along 31.2 kilometers. According Wianda, the overall pipe is embedded. Muara Karang gas pipe-Muara Tawar be expanded up to Tegalgede that extends for 70 km. The investment required is estimated to reach US $ 155 million.

    This year Pertagas also build a pipeline from Grissik Pusri to 300 kilometers with a diameter of 20 inches that drain 160 MMSCFD. Pipes along the 70 kilometer diameter of 20 inches to drain the gas of 170 MMSCFD. Funds allocated US $ 150 million to build the pipeline Grissik-Pusri and US $ 70 million pipeline connecting Duri-Dumai. Gas pipeline Grissik-Pusri built in order to supply to Palembang and surrounding areas.

    Meanwhile, the construction of this infrastructure will touch up to the Special Economic Zone Tanjung Api-Api next year. According Wianda, all new investment in infrastructure aimed to increase the volume of gas transportation and gas trading. Including regasification volume.

Bisnis Indonesia, Page-30, Tuesday, Nov,22,2016

Pertamina Tunggu Pedoman Pembiayaan Blok Mahakam

    Kontrak Total E&P akan berakhir pada 31 Desember 2017, sehingga tahun depan menjadi tahun krusial dalam masa transisi ke Pertamina. PT Pertamina mengharapkan Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas (SKK Migas) segera menerbitkan surat keputusan tentang pedoman gpelaksanaan pembiayaan untuk kegiatan operasi migas di wilayah kerja Mahakam pada masa transisi 2016-2017 sebagai tindak lanjut amendemen Permen No 15 Tahun 2015.

    Surat Keputusan tersebut akan menjadi pedoman bagi Pertamina untuk mempersiapkan masa krusial dalam transisi pengelolaan Blok Mahakam tahun depan. Syamsu Alam, Direktur Hulu Pertamina, mengatakan seluruh persiapan teknis dan administrasi yang diperlukan untuk proses alih kelola Blok Mahakam sudah berjalan sesuai dengan rencana. Pertamina melalui PT Pertamina Hulu Mahakam dan Total E&P telah berkoordinasi untuk membuat WP&B 2017, terutama terkait dengan rencana pengeboran oleh Total dengan biaya Pertamina. Amendemen PSC memberikan hak kepada Pertamina Hulu Mahakam untuk membiayai kegiatan operasi di Wilayah Kerja di Blok Mahakam sebelum 1 Januari 2018.

    Kontrak Total E&P akan berakhir pada 31 Desember 2017. Pengeboran akan dilakukan pada 19 sumur dan diproduksi pada 2018. Hal itu berdasarkan amendemen Peraturan Menteri ESDM Nomor 15/2015 dan amendemen PSC Mahakam. Dengan mengebor lebih awal, Pertamina mengharapkan produksi Blok Mahakam pada 2018 bisa tetap terjaga. Pada work program and budget (WP&B) 2016, PT Total E&P Indonesie, operator Blok Mahakam, menargetkan produksi 1,43 billion cubic feet (bcf) inlet gas dan 56 ribu barrel oil per day (minyak dan kondensat). Hingga saat ini, realisasi produksi kumulatif 2016 sebesar 1,67 bcf (inlet gas) dan 64 ribu bopd minyak dan kondensat.

    Direktur Utama PT Pertamina Dwi Soetjipto menyatakan hingga saat ini pihaknya masih dalam proses negosiasi dan pengkajian dengan investor dalam pembangunan proyek Terminal Regasifikasi LNG di Bojonegara. Keberadaan proyek tersebut nantinya akan mampu menekan harga jual gas, khtisusnya di Wilayah Jawa Barat, serta memperkuat infrastruktur gas Pertamina.

    Menurut Dwi, pihaknya tidak menutup kemungkinan untuk masuk ke proyek terminal regasifikasi gas alam cair tersebut. Proyek terminal regasifikasi gas alam cair/LNG darat Bojonegara akan dibangun Kalla Group melalui anak perusahaannya, PT Bumi Sarana Migas (BSM), dengan kapasitas 500 mmscfd. Juru bicara Bumi Sarana Migas Nanda Sinaga mengatakan ditawarkan kerja sama kepada Pertamina pada 2013. Fasilitas itu menurut rencana akan memiliki tingkat keandalan tinggi dan kompetitif jika dibandingkan dengan fasilitas sejenis di Indonesia dan regional.

IN ENGLISH

Pertamina Wait Mahakam Block Financing Guidelines

    Total E & P contract will expire on December 31, 2017, so the next year became a crucial year in the transition to Pertamina. PT Pertamina expects Special Unit of Upstream Oil and Gas (SKK Migas) immediately issued a decree on the financing gpelaksanaan guidelines for oil and gas operations in the Mahakam work during the transition period from 2016 to 2017 as a follow-up amendment Candy No. 15 of 2015.

    The decision letter will be a guideline for Pertamina to prepare a crucial time in the transition management of the Mahakam block next year. Syamsu Alam, Upstream Director of Pertamina, said the entire technical and administrative preparations required for the transfer of governance of the Mahakam block is going according to plan. Pertamina Hulu Mahakam through PT Pertamina and Total E & P has coordinated to make WP & B in 2017, primarily related to drilling plans by Total with a cost of Pertamina. PSC Amendment gives the right to Pertamina Hulu Mahakam to finance operations in the Work Area in the Mahakam block prior to January 1, 2018.

    Total E & P contract will expire on December 31, 2017. Drilling will be carried out on 19 wells and produced in 2018. It was based on the amendment to Regulation No. 15/2015 of the Minister of Energy and Mineral Resources and the amendment of the Mahakam PSC. With drill earlier, Pertamina expects production Mahakam Block in 2018 can be maintained. In the work program and budget (WP & B) in 2016, PT Total E & P Indonesie, the operator of the Mahakam block, targeting production of 1.43 billion cubic feet (bcf) inlet gas and 56 thousand barrels of oil per day (oil and condensate). Until now, the realization of cumulative production in 2016 amounted to 1.67 bcf (inlet gas) and 64 thousand bopd of oil and condensate.

    President Director of PT Pertamina Soetjipto states until recently it was still in the process of negotiation and review by the investor in the construction of LNG Regasification Terminal project in Bojonegara. The existence of the project will be able to suppress the price of gas, khtisusnya in West Java, as well as strengthening its gas infrastructure.

    According to Dwi, it is possible to enter into the project of liquefied natural gas regasification terminal that. Regasification terminal project, liquefied natural gas / LNG onshore Bojonegara be built Kalla Group, through its subsidiary, PT Bumi Sarana Migas (BSM), with a capacity of 500 MMSCFD. Gas Facility spokeswoman Nanda Earth Sinaga said the offer of cooperation to Pertamina in 2013. The facility was scheduled to have a high level of reliability and competitive when compared with similar facilities in Indonesia and the region.

Media Indonesia, Page 18, Monday, Nov, 21-2016

SKK Migas Diharapkan Segera Terbitkan Pedoman untuk Blok Mahakam

    PT Pertamina mengharapkan Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas (SKK Migas) segera menerbitkan Surat Keputusan tentang pedoman pelaksanaan pembiayaan untuk kegiatan operasi migas di Wilayah Kerja Mahakam pada masa transisi 2016-2017 sebagai tindak lanjut amendemen Permen No 15 Tahun 2015. Surat Keputusan tersebut akan menjadi pedoman bagi Pertamina untuk mempersiapkan masa krusial dalam transisi pengelolaan Blok Mahakam tahun depan.

    Syamsu Alam, Direktur Hulu Pertamina, mengatakan seluruh persiapan teknis dan administrasi yang diperlukan untuk proses alih kelola Blok Mahakam sudah berjalan sesuai dengan rencana. Pertamina melalui PT Pertamina Hulu Mahakam dan Total E&P telah berkoordinasi untuk membuat WP&B 2017, terutama terkait rencana pengeboran yang dilakukan oleh Total dengan biaya Pertamina. Amendemen PSC memberikan hak kepada Pertamina Hulu Mahakam untuk melakukan pembiayaan atas kegiatan operasi di WK Mahakam sebelum tanggal efektif 1 Januari 2018. Kontrak Total E&P akan berakhir pada 31 Desember 2017.

    Pengeboran akan dilakukan pada 19 sumur dan diproduksi pada 2018. Hal ini berdasarkan amendemen Peraturan Menteri ESDM Nomor 15 Tahun 2015 dan amendemen PSC Mahakam. Dengan melakukan pengeboran lebih awal, Pertamina mengharapkan produksi Blok Mahakam pada 2018 bisa tetap terjaga. Pada work program and budget (WP&B) 2016, PT Total E&P Indonesie, operator Blok Mahakam menargetkan produksi 1,43 billion cubic feet (BCF) inlet gas dan 56 ribu barrel oil per day (minyak dan kondensat). Hingga saat ini, realisasi produksi kumulatif 2016 sebesar 1,67 BCF (inlet gas) dan 64 ribu BOPD minyak dan kondensat.

    Marwan Batubara, Direktur, Indonesia Resources Studies (Iress), mengatakan semua pihak harus bisa memahami yang namanya transisi bisa saja menimbulkan berbagai dampak yang negatif. Langkah Pertamina untuk mempertahankan karyawan yang selama ini bekerja untuk Total di Blok Mahakam diharapkan bisa mengantisipasi masalah-masalah yang timbul dengan adanya peralihannya pengoperasian blok tersebut. Masuknya Pertamina lebih awal ke Blok Mahakam, menurut Marwan, tidak perlu lagi dipermasalahkan.

    Hal ini karena masa transisi diperlukan agar Pertamina bisa mempersiapkan diri untuk mengoperasikan Blok Mahakam yang telah puluhan tahun dioperasikan Total. Dia meminta pemerintah mendukung upaya-upaya yang dilakukan Pertamina saat ini, terutama pada masa transisi. Apalagi Pertamina sebagai perusahaan negara tentu juga membawa nama negara. Intinya itu, dukung apa yang diminta Pertamina supaya transisi berjalan mulus. Kalau memang perlu investasi tambahan, ya investasi. Supaya produksi tidak turun.

IN ENGLISH

SKK Migas Expected Soon Publish Guidelines for the Mahakam Block

    PT Pertamina expects Special Unit of Upstream Oil and Gas (SKK Migas) immediately issued a decree on financing the implementation of the guidelines for oil and gas operations in the Mahakam Work Area during the transition period from 2016 to 2017 as a follow-up amendment Candy No. 15 of 2015. Letters the decision will be a guideline for Pertamina to prepare a crucial time in the transition management of the Mahakam block next year.

    Syamsu Alam, Upstream Director of Pertamina, said the entire technical and administrative preparations required for the transfer of governance of the Mahakam block is going according to plan. Pertamina Hulu Mahakam through PT Pertamina and Total E & P has coordinated to make WP & B in 2017, primarily related to drilling plans undertaken by Total with a cost of Pertamina. PSC Amendment gives the right to Pertamina Hulu Mahakam to fund operations in the Mahakam WK prior to the effective date of January 1, 2018. Total E & P Contract will expire on December 31, 2017.

    Drilling will be carried out on 19 wells and produced in 2018. It is based on the amendment to the Regulation of the Minister of Energy and Mineral No. 15 of 2015 and amendments Mahakam PSC. By drilling early, Pertamina expects production Mahakam Block in 2018 can be maintained. In the work program and budget (WP & B) in 2016, PT Total E & P Indonesie, the operator of the Mahakam block is targeting production of 1.43 billion cubic feet (BCF) inlet gas and 56 thousand barrels of oil per day (oil and condensate). Until now, the realization of cumulative production in 2016 of 1.67 BCF (inlet gas) and 64 thousand BOPD of oil and condensate.

    Marwan Batubara, Director, Indonesian Resources Studies (IRESS), said all parties should be able to understand the name of the transition may lead to various negative consequences. Pertamina's plan to retain employees who have worked for Total in the Mahakam block is expected to be able to anticipate the problems that arise with the switchover operation of the block. Pertamina earlier influx into the Mahakam block, according to Marwan, no longer need to question.

    This is because the transition period is needed so that Pertamina could prepare to operate on the block, has for decades operated Total. He asked the government to support the efforts carried out by Pertamina today, especially in the transition period. Moreover, as a state company Pertamina would also carry the name of the country. The point was, carrying what was asked Pertamina that the transition goes smoothly. If it is necessary additional investment, so investment. So that production does not fall.

Pertamina Rampungkan Tiga Pipa Transmisi US$ 826 Juta

    PT Pertamina melalui anak usahanya, PT Pertamina Gas (Pertagas), telah merampungkan pembangunan tiga pipa transmisi di Sumatera Utara dan Pulau Jawa. Penambahan pipa diharapkan dapat meningkatkan volume gas yang didistribusikan Pertamina. Vice President Corporate Communication Pertamina Wianda Pusponegoro mengatakan, perusahaan baru saja merampungkan pembangunan dua pipa, yakni Pipa Porong-Grati di Jawa Timur dan Pipa Muara Karang-Muara Tawar. Kedua pipa ini siap menyalurkan gas sesuai keinginan konsumen.

    Pipa Muara Karang-Muara Tawar disebutnya akan mengalirkan gas dari unit penampungan dan regasifikasi terapung (floating storage and regasification unit/FSRU) milik PT Nusantara Regas. Pertamina kini sedang melakukan persiapan dan comissioning pipa sepanjang 31,2 kilometer (km) itu dengan para stakeholder. Dalam data Pertagas, termasuk ekspansi ke Tegalgede, nilai investasi proyek pipa ini sebesar US$ 153 juta. Pipa Porong-Grati akan mengalirkan gas dari Santos Indonesia ke PT PLN. Pipa Porong-Grati memiliki kapasitas 120 mmscfd dan panjang 56 km.

    Pipa ini mengalirkan gas sebesar 25 mmscfd dari Lapangan Peluang yang digarap Santos Indonesia ke PLT GU Grati. Pertagas tengah meminalisasi kesepakatan dengan PLN untuk penyaluran gas melalui Pipa Porong-Grati ini. Sebelumnya, Pertagas telah merampungkan pembangunan pipa dari Belawan ke Kawasan Industri Medan (KIM) hingga Kawasan Ekonomi Khusus (KEK) Sei Mangkei. Pipa ini menyambung Pipa Arun-Belawan yang mengalirkan gas dari F asilitas Regasifikasi Arun di Aceh. Termasuk Pipa Arun-Belawan, nilai investasi pipa Belawan-KEK ini mencapai US$ 586 juta. Pertagas juga membangun Pipa Gresik-Semarang.

    Pipa ini memiliki kapasitas 500 mmscfd dan panjang 1267 km. Saat ini, Pengerjaan rekayasa, pengadaan, dan konstruksi (engineering, procurement, and construction/ EPC) pipa ini baru mencapai 75% dan ditargetkan selesai dalam waktu dekat ini. Rencananya, Pipa Gresik-Semarang akan mengalirkan gas dari Lapangan Jambaran-Tiung Biru yang dikerjakan PT Pertamina EP Cepu ke industri Jawa Tengah. Namun, produksi pertama lapangan gas tersebut ditargetkan baru teijadi pada 2019, sementara Pipa Gresik-Semarang dapat beroperasi tahun depan. Menurut Wianda, Pertamina belum mendapat alokasi gas untuk menggantikan pasokan dari Lapangan Jambaran-Tiung Biru.

    Pipa Gresik-Semarang merupakan bagian dari Pipa Transjawa. Proyek integrasi pipa gas Trans Jawa terdiri atas tiga proyek utama. Pertama, Jawa bagian Barat senilai US$ 300 juta dengan jalur Cirebon-KHT (84 km) dan Tegalgede-Muara Tawar (50 km). Kedua, Jawa bagian Utara senilai US$ 400 juta dengan jalur Cirebon-Semarang (255 km). Ketiga, Jawa bagian Timur senilai US$ 360 juta dengan jalur Semarang-Gresik (271 km) dan East Java Gas Pipeline (EJGP)-Grati senilai US$ 58 juta (22,1 km).

    Penambahan pipa diharapkan memperbaiki kinerja bisnis gas. Pasalnya, sampai Kuartal - III 2016 lalu, kinerja Pertamina untuk bisnis gas masih di bawah target Per September lalu, transportasi gas perseroan tercatat 393,22 miliar kaki kubik (billion standard cubic feet/ BSCF) atau 94% dari target. Sementara kinerja regasifikasi gas tercatat 97% dari target atau sebesar 21.925,06 miliar british thermal unit (billion british thermal unit/ BBTU) . Sementara niaga gas turun menjadi 529,93 BBTU karena masalah harga yang affordable untuk pasar dan berkaitan dengan penyelesaian infrastruktur, kata Senior Vice President Gas and Power Pertamina Djohardi Angga Kusumah.

    Menurut Wianda, kinerja bisnis gas akan membaik seiring selesainya pembangunan infrastruktur gas. Setelah tiga pipa transmisi tadi mulai beroperasi, volume gas yang diniagakan dan ditransportasikan Pertamina diperkirakan bakal naik. Semua investasi baru di infrastruktur gas termasuk ditujukan untuk meningkatkan volume transportasi dan niaga gas, termasuk volume regasifikasi.

IN ENGLISH

Pertamina Three Transmission Pipeline Completes US $ 826 Million

    PT Pertamina, through its subsidiary, PT Pertamina Gas (Pertagas), has completed construction of three transmission pipelines in North Sumatra and Java. The addition of the pipe is expected to increase the volume of gas that is distributed by Pertamina. Vice President Corporate Communications of Pertamina Wianda Pusponegoro said the company has just completed the construction of two pipelines, the pipeline Grati Porong in East Java and Muara Karang Pipe-Muara Tawar. Both of these pipes are ready to deliver gas according to customer wishes.

    Pipe-Muara Karang Muara Tawar calls will drain the gas from the storage unit and the floating (floating storage and regasification unit / FSRU) owned by PT Nusantara Regas. Pertamina is now doing the preparation and commissioning of pipeline, 31.2 kilometers (km) it with stakeholders. In the data Pertagas, including expansion into Tegalgede, this pipeline project investment value of US $ 153 million. Porong-Grati pipeline will carry gas from Santos Indonesia to PT PLN. Porong - Grati pipeline has a capacity of 120 MMSCFD and a length of 56 km.

    This pipeline transports gas by 25 MMSCFD of Fields tilled Santos Indonesia Opportunity to PLTGU Grati. Pertagas middle meminalisasi agreement with PLN for distribution of gas through this pipeline Grati Porong. Previously, Pertagas has completed the construction of the pipeline from Belawan to Kawasan Industri Medan (KIM)/Medan Industry Zone to Special Economic Zones (SEZ) Sei Mangkei. This pipe connects Belawan Arun pipe that transports gas from Fasilitas Regasification Arun in Aceh. Including Arun Pipe-Belawan, the investment value of Belawan pipe-KEK reaches US $ 586 million. Pertagas also build a pipeline Gresik-Semarang.

    This pipeline has a capacity of 500 MMSCFD and a length of 1267 km. Currently, the execution of engineering, procurement, and construction (engineering, procurement, and construction / EPC) This pipe has reached 75% and is targeted for completion in the near future. The plan, Semarang-Gresik pipeline will carry gas from Jambaran-Tiung Blue undertaken by PT Pertamina EP Cepu, Central Java industry. However, the first production is targeted for the new gas field teijadi in 2019, while the Semarang-Gresik pipeline could be operational next year. According Wianda, Pertamina has not received an allocation of the supply of gas to replace Fields Jambaran-Tiung Blue.

    Semarang-Gresik pipeline is part of a pipe Trans Java. Integration project Trans Java gas pipeline consists of three major projects. First, the western part of Java, worth US $ 300 million with a path-KHT Cirebon (84 km) and Tegalgede-Muara Tawar (50 km). Second, Northern Java, worth US $ 400 million to Cirebon-Semarang lines (255 km). Third, East Java, worth US $ 360 million with the Semarang-Gresik (271 km) and East Java Gas Pipeline (EJGP) -Grati worth US $ 58 million (22.1 km).

    Addition pipeline gas are expected to improve business performance. Because, until Quarter - III in 2016 and then, the performance of Pertamina's gas business is still below target As of last September, the gas transportation company recorded 393.22 billion cubic feet (billion standard cubic feet / BSCF) or 94% of the target. While gas regasification performance recorded 97% of the target or amounting to 21925.06 billion British thermal units (billion British thermal units / BBTU). While gas trading fell to 529.93 BBTU because of a problem for the affordable price and the market related to the completion of infrastructure, said Senior Vice President Gas and Power Pertamina Djohardi Angga Kusumah.

     According Wianda, gas business performance will improve with the completion of the construction of gas infrastructure. After three transmission pipeline was put into operation, the volume of gas transported diniagakan and Pertamina expected to rise. All new investments in infrastructure, including gas intended to increase the volume of gas transportation and commerce, including regasification volume.

Investor Daily, Page 9, Monday, Nov, 21-2016