One Train of Bontang LNG Plant will be Changed

One train at Bontang liquefied natural gas (LNG) plant managed by PT Badak NGL will be converted to special process gas (lean gas) in order to process gas from Jangkrik Field. During this time, the entire train Bontang LNG Plant is designed to process rich gas (wet gas).

Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar said, from four train Bontang LNG Refinery currently operating, one of which will be changed specifically to process gas gas type clean. Thus, three traines will still process rich gas, one train will process lean gas, and four others are not used.

"One plant is being converted dedicated to lean gas, now again on going and in the next few months finished, "he said in Jakarta, Tuesday (21/11).

In general, natural gas is divided into two types, dry or lean gas and wet or rich gas. Lean gas is a natural gas that has a high concentration of methane and ethane. While rich gas is a natural gas containing propane, butane, and hydrocarbons pentane and heptane in high concentrations.

According to Arcandra, one of the train changes is done because adjusting the type of gas generated from the field of suppliers. The Bontang LNG plant is supplied with gas from the Mahakam Block, East Kalimantan, Sanga-Sanga and, more recently, the Jangkrik Field, Muara Bakau Block.

"Cricket field [results] lean gas. Most likely the next Mahakam block will [produce lean gas. So there will be a lot of C1 (methane / CH4), while C3 (propane / C3H8) and C4 (butane / C4H10) will be small, "he explained.

New cricket field onstream this summer, generating gas about 600 million cubic feet per day (million standard cubic feet per day / mmscfd). While the Mahakam Block, which has been produced since more than 50 years ago, is projected to still produce 1,000 mmscfd. Thus, four train Bontang LNG Plant has sufficient supply of gas.

"So, these four trains operate all," said Arcandra.

Previously, President Director of PT Badak NGL Didik Sasongko said, since the last three years it was only using four train with one backup train. The remaining three trains were not used because of the decreased gas supply received.

Meanwhile, LNG production from Bontang LNG Plant continues to decline since 2015. In 2015, LNG production from the refinery in East Kalimantan reached 189 cargoes. However, this production figure fell to 172 cargoes in 2016. Later this year, LNG plant production of Bontang LNG is targeted at 163 cargoes.

IN INDONESIA

Satu Train Kilang LNG Bontang akan Diubah  

Salah satu train di kilang gas alam cair (liquefied natural gas/ LNG) Bontang yang dikelola PT Badak NGL akan diubah agar khusus memproses gas bersih (lean gas) agar dapat memproses gas dari Lapangan Jangkrik. Selama ini, seluruh train Kilang LNG Bontang didesain untuk memproses rich gas (wet gas).

Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengatakan, dari empat train Kilang LNG Bontang yang kini beroperasi, salah satunya akan diubah khusus untuk mengolah gas jenis gas bersih. Sehingga, nantinya tiga train tetap memproses rich gas, satu train mengolah lean gas, dan empat lainnya yang tidak digunakan.

“Satu plant sedang di-convert dedicated untuk lean gas, sekarang lagi on going dan dalam beberapa bulan ke depan akan selesai,” kata dia di Jakarta, Selasa (21/11).

Secara umum, gas alam terbagi menjadi dua jenis, dry atau lean gas dan wet atau rich gas. Lean gas merupakan gas alam yang memiliki konsentrasi metana dan etana cukup tinggi. Sementara rich gas adalah gas alam yang mengandung propana, butana, serta hidrokarbon pentana dan heptana dalam konsentrasi tinggi.

Menurut Arcandra, perubahan salah satu train tersebut dilakukan lantaran menyesuaikan jenis gas yang dihasilkan dari lapangan-lapangan pemasoknya. Kilang LNG Bontang mendapat pasokan gas dari Blok Mahakam, East Kalimantan, Sanga-Sanga, dan yang terbaru, Lapangan Jangkrik, Blok Muara Bakau.

“Lapangan Jangkrik itu [hasilnya] lean gas. Kemungkinan besar Blok Mahakam ke depan akan [menghasilkan lean gas. Jadi akan banyak C1-nya (metana/CH4), sementara C3 (propana/C3H8) dan C4 (butana/C4H10) akan kecil,” jelasnya.

Lapangan Jangkrik yang baru onstream pertengahan tahun ini, menghasilkan gas sekitar 600 juta kaki kubik per hari (million standard cubic feet per day/ mmscfd). Sementara Blok Mahakam yang telah diproduksikan sejak lebih dari 50 tahun lalu, diproyeksikan masih dapat menghasilkan 1.000 mmscfd. Sehingga, empat train Kilang LNG Bontang memiliki pasokan gas yang cukup. 

“Jadi, empat train ini beroperasi semua,” tutur Arcandra.

Sebelumnya, Presiden Direktur PT Badak NGL Didik Sasongko menuturkan, sejak tiga tahun belakangan pihaknya memang hanya menggunakan empat train dengan satu train cadangan. Sisanya, yakni tiga train tidak digunakan karena menurunnya pasokan gas yang diterima.

Sementara itu, produksi LNG dari Kilang LNG Bontang tercatat terus turun sejak 2015. Pada 2015, produksi LNG dari kilang di Kalimantan Timur ini mencapai 189 kargo. Namun, angka produksi ini turun menjadi 172 kargo pada 2016. Selanjutnya pada tahun ini, produksi LNG Kilang LNG Bontang ditargetkan sebesar 163 kargo.

Investor Daily, Page-9, Monday, Nov 27, 2017

Pertamina: Not Need to Upgrade Bontang

PT Pertamina on December 31, 2017 is officially in control of Bontang Refinery, which was previously operated by PT Badak NGL. Pertamina claims, so far the process of transition is done normally.

As is known, Bontang LNG Plant has been owned by the government managed by PT Badak NGL with several partners. Bontang LNG Plant has eight processing facilities (train), each capacity 400-450 mmscfsd.

Vice President of Pertamina LNG, Didik Sasongko Widi said, until now there is no problem in the switchover Bontang LNG Plant, although this plan is still discussed with the government. Pertamina also assessed the capacity of this Bontang LNG Plant

no longer need to be developed.

"The LNG plant is not enough to add," he said.

PT Badak NGL is developing to improve gas processing capability so that it can directly manage the type of Lean gas or dry gas.

Unlike Pertamina, Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar said that it is necessary to increase the processing capability at the Bontang LNG plant in an effort to prepare the abundant supply of lean gas from several gas fields around Kalimantan. For example from the Mahakam Block, Sanga Sanga Block, Attaka Block, East Block. Kalimantan, Muara Bakau Block including gas from Jangkrik Block.

"Eni field, Cricket, it's lean gas, most likely the future of Mahakam gas production will be lean gas," he said.

To note the natural gas is divided into two types namely wet gas which is also called rich gas because of its long carbon chain. Rich, gas is a type of gas with high levels of propane, butane, to heptane.

While lean gas has shorter carbon chains with high concentrations of methane and ethane. With the increase in processing capability is expected to LNG processing can also be faster.

Of the eight Refineries that are, the NGL rhino only operates four trains. Own development targeting only on one train so that it can directly process lean gas into LNG. He said that the development process is still ongoing and is targeted to be completed next year.

IN INDONESIA

Pertamina: Belum Perlu Upgrade Bontang

PT Pertamina pada 31 Desember 2017 ini resmi memegang kendali Kilang Bontang, yang sebelumnya dioperasikan oleh PT Badak NGL. Pertamina mengklaim, sejauh ini proses peralihan yang dilakukan berjalan dengan normal.

Seperti diketahui, Kilang LNG Bontang selama ini adalah milik pemerintah yang dikelola oleh PT Badak NGL bersama beberapa mitranya. Kilang LNG Bontang punya delapan fasilitas pengolahan (train), berkapasitas masing-masing 400-450 mmscfsd.

Vice President LNG Pertamina, Didik Sasongko Widi bilang, hingga kini tidak ada masalah dalam peralihan Kilang LNG Bontang, meskipun rencana ini masih terus dibicarakan dengan pemerintah. Pertamina juga menilai kapasitas Kilang LNG Bontang ini tidak perlu lagi dikembangkan. 

"Kilang LNG sudah cukup tidak perlu menambah," katanya.

Adapun PT Badak NGL sedang melakukan pengembangan untuk meningkatkan kemampuan pengolahan gas sehingga bisa langsung mengelola jenis Lean gas atau gas kering (dry gas). 

Berbeda dengan Pertamina, Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar menilai, perlu peningkatan kemampuan pengolahan di kilang LNG Bontang dalam upaya persiapan melimpahnya pasokan lean gas dari beberapa lapangan gas yang berada di sekitar Kalimantan. Misalnya dari Blok Mahakam, Blok Sanga Sanga, Blok Attaka, Blok East. Kalimantan, Blok Muara Bakau termasuk gas dari Blok Jangkrik. 

"Lapangan Eni, Jangkrik, itu lean gas. Kemungkinan besar produksi gas Mahakam ke depan akan lean gas," katanya.

Untuk diketahui gas alam terbagi menjadi dua jenis yakni wet gas yang juga disebut rich gas karena panjangnya rantai karbon pembentuknya. Rich, gas merupakan jenis gas dengan kadar tinggi propana, butana, hingga heptana.

Sementara lean gas memiliki rantai karbon lebih pendek dengan konsentrasi tinggi metana dan etana. Dengan adanya peningkatan kemampuan pengolahan ini diharapkan pengolahan LNG juga bisa lebih cepat.

Dari delapan Kilang yang adalah, Badak NGL hanya mengoperasikan empat train. Pengembangan sendiri menyasar hanya pada satu train sehingga bisa langsung mengolah lean gas menjadi LNG. Dia menceritakan saat ini proses pengembangannya masih berlangsung dan ditargetkan selesai pada tahun depan.

Kontan, Page-14, Monday, Nov 27, 2017

Raw Crude Price Increase Restless

If referring to Presidential Regulation no. 191/2014, the premium price should rise to Rp 7.0817 per liter

The Ministry of Energy and Mineral Resources (ESDM) has several times held a meeting with PT Pertamina to equate perceptions about the formula of Fuel Prices (BBM), especially the price of premium and diesel fuel subsidies. The meeting was chaired by Deputy Minister of EMR Arcandra Tahar.

This meeting is done because as of January 2018 the government must take a decision to raise or lower the price of fuel. This pricing is done every three months. Since April 2016, the government has decided that there will be no increase in premium and diesel prices.

Head of Downstream Oil and Gas Regulatory Agency (BPH Migas), Fanshurullah Asa asserted, according to Presidential Regulation No. 191/2014 on Supply, Distribution and Retail Price of BBM, the authority to raise or lower the price of BBM types of premium and diesel fuel in the hands of the government. The power is in the hands of the Minister of Energy and Mineral Resources. That's why the government and Pertamina has several times held a meeting about the price of this fuel.

"Discussing the price formula of premium and diesel fuel," said Fanshurullah.

If referring to Presidential Regulation Number 191/2014, the subsidized BBM refers to Mean of Platts Singapore (MOPS) octane 92 plus the distribution fee of 2% of the base price. The value is still added value added tax (VAT) 10% of the base price plus motor vehicle fuel tax (PBBKB) of 5% of the base price.

The result is a base price of Rp 6,052.7 per liter. If the added distribution fee is Rp 121.10, the VAT is Rp 605.30 and PBBKB is Rp 302.6, the total premium price is Rp 7.0817 per liter. But the premium price of Rp 7,081.7 per liter is not including the alpha or margin for the dealer whose value is determined by the Minister of EMR.

Based on the formula in the Presidential Regulation, the premium price should have risen from the current price of Rp 6,550 per liter for Java-Madura-Bali (Jamali). While outside Jamali Rp 6.450 per liter. However, Fanshurullah did not dare to confirm the occurrence of rising fuel prices.

"Ask the Minister of Energy and Mineral Resources or the Director General of Oil and Gas," he said.

Follow the EMR decree

Dadan Kusdiana, Head of Communications, Information Services and Cooperation Bureau of the Ministry of Energy and Mineral Resources, confirmed that with the change of fuel price formula, the government hopes to make the fuel price in not going up. Understandably, the government does not intend to raise fuel prices next year.

Although, such intentions clash with the situation of crude oil prices in the market. January 2017, the price of crude oil is still in the range of US $ 52 per barrel. As of Friday (24/11), the price of WTI oil delivery in January 2018 was at US $ 58.65 per barrel.

Dadan states, fuel prices are dynamic, following the world oil prices and exchange rates.

"The government continues to monitor this dynamics including discussing price formula to better reflect the real price," he said Sunday (26/11).

Pertamina's Marketing Director, Muchamad lskandar, said Pertamina should be ready for whatever the government decides, including if fuel prices do not go up.

"Pertamina is 100% state-owned, we are obliged to act for the benefit of the state and society," he said.

For the record, in exposure to Pertamina's performance in Q3 / 2017, Pertamina stated that the current premium price should be Rp 7,150 per liter. Pertamina President Director Elia Massa Manik will even provide Pertamina performance prognosis for the next five years by using BBM price assumption according to Presidential Regulation no. 191/2014. But, Iskandar asserted, fuel price hike is not Pertamina's authority.

"Government domain," he said.

Energy observer, Executive Director of ReforMiner Institute Komaidi Notonegoro rate, Presidential Regulation no. 191/2014 already accommodate the appropriate fuel price formula.

"The problem, it is in implementation," he said.

This means that if the ESDM ministry wants to change the fuel price formula, it must first revise Presidential Regulation No. 191/2014.

IN INDONESIA

Kenaikan Harga Minyak Mentah Membikin Gelisah

Jika mengacu Peraturan Presiden No. 191/2014, harga premium harusnya naik jadi Rp 7.0817 per liter

Kementerian Energi dan Sumber Daya Mineral (ESDM) sudah beberapa kali menggelar rapat bersama PT Pertamina untuk menyamakan persepsi soal formula harga Bahan Bakar Minyak (BBM), khususnya harga premium dan solar subsidi.  Rapat ini dipimpin oleh Wakil Menteri ESDM Arcandra Tahar.

Rapat ini dilakukan karena per Januari 2018 pemerintah harus mengambil keputusan untuk menaikkan atau menurunkan harga BBM. Penentuan harga ini memang dilakukan tiap tiga bulan sekali. Sejak April 2016 lalu pemerintah menetapkan tidak ada kenaikan harga premium dan solar.

Kepala Badan Pengatur Hilir Minyak dan Gas Bumi (BPH Migas), Fanshurullah Asa menegaskan, sesuai Peraturan Presiden Nomor 191/2014 tentang Penyediaan, Pendistribusian dan Harga Jual Eceran BBM, wewenang menaikkan atau menurunkan harga BBM jenis premium dan solar ada di tangan pemerintah. Kekuasaan tersebut ada di tangan Menteri ESDM. Karena itulah pemerintah dan Pertamina sudah beberapa kali mengadakan rapat soal harga BBM ini. 

"Membahas formula harga premium dan solar," ungkap Fanshurullah.

Jika mengacu pada Peraturan Presiden Nomor 191/ 2014, harga dasar BBM bersubsidi mengacu pada Mean of Platts Singapore (MOPS) oktan 92 ditambah biaya distribusi yakni 2% dari harga dasar. Nilai tersebut masih ditambah pajak pertambahan nilai (PPN) 10% dari harga dasar ditambah pajak bahan bakar kendaraan bermotor (PBBKB) sebesar 5% dari harga dasar.

Hasilnya adalah harga dasar Rp 6.052,7 per liter. Jika ditambah biaya distribusi Rp 121,10, PPN Rp 605,30 dan PBBKB Rp 302,6, total harga premium Rp 7.0817 per liter. Tapi harga premium Rp 7.081,7 per liter ini belum termasuk alpha atau margin buat penyalur yang nilainya ditentukan Menteri ESDM.

Berdasarkan formula di Peraturan Presiden, harga premium idealnya sudah naik dari harga saat ini yang senilai Rp 6.550 per liter untuk Jawa-Madura-Bali (Jamali). Sementara di luar Jamali Rp 6.450 per liter. Namun, Fanshurullah tidak berani memastikan ihwal naik tidaknya harga BBM. 

"Tanyakan ke Menteri ESDM atau Dirjen migas," kata dia.

Ikuti keputusan ESDM 

Dadan Kusdiana, Kepala Biro Komunikasi, Layanan Informasi dan Kerja Sama Kementerian ESDM, menegaskan dengan perubahan formula harga BBM, pemerintah berharap bisa membuat harga BBM di tidak naik. Maklum, pemerintah memang berniat tidak menaikkan harga BBM tahun depan.

Meskipun, niat tersebut berbenturan dengan situasi harga minyak mentah di pasar. Januari 2017, harga minyak mentah masih di kisaran US$ 52 per barel. Per Jumat (24/11), harga minyak WTI pengiriman Januari 2018 di level US$ 58,65 per barel.

Dadan menyatakan, harga BBM memang dinamis, mengikuti harga minyak dunia dan kurs. 

"Pemerintah terus memantau dinamika ini termasuk membahas formula harga agar lebih menggambarkan harga riil," ungkapnya Minggu (26/11).

Direktur Pemasaran Pertamina, Muchamad lskandar, menyatakan, Pertamina harus siap apapun yang diputuskan pemerintah, termasuk jika harga BBM tidak naik. 

"Pertamina 100% milik negara, kami wajib bertindak untuk kepentingan negara dan masyarakat," kata dia.

Sebagai catatan, di paparan kinerja Pertamina Kuartal III-2017, Pertamina menyatakan harga premium saat ini seharusnya Rp 7.150 per liter. Direktur Utama Pertamina Elia Massa Manik bahkan akan memberikan prognosis kinerja Pertamina lima tahun ke depan dengan memakai asumsi harga BBM sesuai formula Peraturan Presiden No. 191/2014. Tapi, Iskandar menegaskan, kenaikan harga BBM bukan wewenang Pertamina. 

"Domain pemerintah," ujarnya.

Pengamat energi, Direktur Eksekutif ReforMiner Institute Komaidi Notonegoro menilai, Peraturan Presiden No. 191/2014 sudah mengakomodasi formula harga BBM yang pas.  

"Masalahnya, justru di implementasinya," ungkap dia. 

Artinya jika kementerian ESDM ingin mengubah formula harga BBM, harus lebih dulu merevisi Peraturan Presiden Nomor 191/2014.

Kontan, Page-14, Monday, Nov 27, 2017

Saka Production Target Up 10 Percent

PT Saka Energi Indonesia, a subsidiary of PT Perusahaan Gas Negara (PGN) in upstream oil and gas sector, targets oil and gas production target in 2018 of 62,700 BOEPD (oil equivalent barrel per day). This figure has increased about 10 percent when compared with the realization of this year which reached 57 thousand BOEPD.

Of these, 60 percent is gas and 40 percent is oil. President Director of PT Saka Energi Indonesia Tumbur Parlindungan stated that Saka oil and gas production is boosted by production from Jangkrik field, Muara Bakau block, and Fasken Area overseas oil and gas field in USA

"We have the right to manage 11.67 percent in the field of Crickets" he said.

The field that produces oil and gas 100 thousand barrels of oil per day has been officially produced this year. In addition, additional production is obtained from activities in existing blocks. Saka has the right to manage in eleven oil and gas blocks at home and abroad.

Eight blocks are already in production and three blocks are still unproductive because in the exploration phase. The remaining eight blocks are Muara Bakau Block, Bangkanai Block, Pangkah, Ketapang, South East Sumatera, Muriah, Sanga-Sanga and Fasken Blocks in the United States.

Meanwhile, three blocks that are still in the exploration phase are the South Sesulu Block, West Bangkanai, and Wokam III. To achieve the production target, Saka intends to drill eight wells in three areas.

IN INDONESIA

Saka Target Produksi Naik 10 Persen  

PT Saka Energi Indonesia yang merupakan anak usaha PT Perusahaan Gas Negara (PGN) di sektor hulu migas membidik target produksi minyak dan gas pada 2018 sebesar 62.700 BOEPD (barel setara minyak per hari). Angka tersebut mengalami kenaikan sekitar 10 persen jika dibandingkan dengan realisasi tahun ini yang mencapai 57 ribu BOEPD. 

Dari angka tersebut, 60 persen merupakan gas dan 40 persen adalah minyak. Direktur Utama PT Saka Energi Indonesia Tumbur Parlindungan menyatakan, produksi migas Saka terdongkrak oleh produksi dari lapangan Jangkrik, Blok Muara Bakau, dan lapangan migas luar negeri Fasken Area di Amerika Serikat 

"Kami memiliki hak kelola 11,67 persen di lapangan Jangkrik" katanya. 

Lapangan yang memproduksi migas 100 ribu barel minyak per hari tersebut telah resmi berproduksi pada tahun ini. Selain itu, tambahan produksi diperoleh dari kegiatan di blok-blok yang sudah ada. Saka memiliki hak kelola di sebelas blok migas di dalam dan luar negeri.

Delapan blok sudah berproduksi dan tiga blok masih belum menghasilkan karena dalam tahap eksplorasi. Delapan blok yang sudah produksi adalah Blok Muara Bakau, Blok Bangkanai, Pangkah, Ketapang, South East Sumatera, Muriah, Sanga-Sanga, dan Blok Fasken di Amerika Serikat.

Sementara itu, tiga blok yang masih dalam tahap eksplorasi adalah Blok South Sesulu, West Bangkanai, dan Wokam III. Untuk mencapai target produksi, Saka berniat mengebor delapan sumur di tiga wilayah.

Jawa Pos, Page-5, Monday, Nov 27, 2017

Oil Goes to US $ 75 / Barrel Level

World crude oil prices are projected to reach US $ 70-US $ 75 per barrel in 2018 due to the geopolitical warming between Saudi Arabia and Iran, as well as the Petroleum State Plan to include its company on the New York Stock Exchange.

Mirae Asset Sekuritas Indonesia analyst Andy Wibowo Gunawan said in his research publication on Friday (24/11), the projection of crude oil prices in 2018 ranged from US $ 70-US75 per barrel, up and earlier estimates at the level of US $ 55-US $ 60 per barrel.

According to him, supply disruption becomes a positive catalyst that lifts oil prices higher than current trading. In particular, Andy explained, the potential conflict between Saudi Arabia and Iran triggered an increase in oil prices in the near future.

This month the tensions are increasingly heating up because Saudi Arabia accuses Iran of supplying missiles to Houthi rebels in Yemen to fire missiles at the world's biggest crude producer.

In addition, King Salman's government ordered its citizens to leave Lebanon, given Iran has a major foothold in the Middle East through Hezbollah.

The inter-state conflict is allegedly disrupting global oil supplies as OPEC countries, including Saudi Arabia and Iran, account for 42.7 percent of the world's total production and save 47.7 percent of the world's total oil supply by 2016.

"The rough calculation of the potential supply losses if Saudi and Iran are at war, will reach 17 million barrels per day or 26% and total global oil exports," said Andy.

SIGN UP

Another driver of world oil prices is quite hot because Saudi Arabia plans to include its national oil and gas company on the New York Stock Exchange (NYSE) futures exchange.

"The Arab position would be better to negotiate with the US on the management of shale oil production that could trigger a rise in world oil prices," he said.

In trade recorded on Sunday, West Texas Intemlediate (WTI) oil prices rose 0.93 points, or 1.60 percent, to US $ 58.95 a barrel on the New York Mercantile Exchange.

Meanwhile, Brent oil prices rose 0.31 points, or 0.49%, to US $ 63.86 per barrel on London-based ICE Futures. As is known, during this negative rally of world oil price rally is the production of US shale oil is getting higher.

Based on U.S. data Energy Information Administration (EIA), US oil production in 2017 will increase 9.2 million barrels per day (bpd) from 2016 by 8.9 million bpd. Meanwhile, in 2018, US production will reach a record 10 million bpd.

Therefore, the successful negotiations on world oil inventories and oil prices are deemed to be achievable along with the seemingly good relationship between US President Donald Trump and Saudi Arabia's King Salman.

In terms of demand, Mirae Asset's research reveals that global claims will continue to grow despite oil positions threatened by the development of electric vehicles (EVs) that are likely to trigger a reduction in global oil demand.

The International Energy Agency (IEA) projected global demand to grow to 99.1 million barrels per day by 2018, up 1.41 percent from this year's 97.7 million barrels per day. According to the IEA, daily oil consumption in the Asia Pacific region reached 34.6 million barrels per day by 2018, or 34.9 percent of global daily oil consumption.

Meanwhile, projected daily oil consumption in the United States reached 31.7 million barrels per day in 2018, or 32% of total world daily consumption. Hans van Cleff, ABN Amro Senior Energy Economist, said that in 2018 the market will be worried about the potential shortage of oil supply, which causes a price boost.

In addition, global oil demand will continue to rise in the coming years driven by economic growth in India and China.

"In 2018, there will be a surprise rally in WTI oil prices to reach US $ 70 barrels per day, while Brent oil is at US $ 75 barrel per day," said Cleef, adding that political tensions that are starting to get hot will have a bigger impact on oil prices. rising tensions between Saudi Arabia and Iran that could potentially further decline in supply.

"With that condition, even oil prices in early 2019 could reach US $ 90 barrel per day," he said.

The above positive sentiments show the strengthening of OPEC and its allies, including Russia, in an effort to reduce global oil supplies to achieve the objectives of market equilibrium.

Russian Energy Minister Alexander Novak said Friday his country is ready to support the expansion of agreements among oil producers in an effort to reduce global production. Russia will discuss details of a global deal extension on Nov. 30.

"However, the target of market rebalancing has not been achieved. Everyone supports the extension [extension of time], so the final target is reached. "

IN INDONESIA

Minyak Menuju ke Level US$75/Barel

     Harga minyak mentah dunia diproyeksikan melaju hingga mencapai level US$70-US$75 per barel pada 2018 lantaran memanasnya geopolitik antara Arab Saudi dan Iran, juga Rencana Negeri minyak memasukkan perusahaannya di New York Stock Exchange.

Analis Mirae Asset Sekuritas Indonesia Andy Wibowo Gunawan mengatakan dalam publikasi risetnya Jumat (24/11), proyeksi harga minyak mentah pada 2018 berkisar pada US$70-US75 per barel, naik dan perkiraan sebelumnya di level US$ 55-US$ 60 per barel.

Menurutnya, gangguan pasokan menjadi katalis positif yang mengangkat harga minyak menjadi lebih tinggi dari perdagangan yang terjadi belakangan ini. Secara khusus, Andy menerangkan, potensi konflik antara Arab Saudi dan Iran memicu kenaikan harga minyak dalam waktu dekat.

Bulan ini ketegangan kedua negara itu semakin memanas lantaran Arab Saudi menuduh Iran memasok rudal kepada pemberontak Houthi di Yaman untuk menembakkan rudal ke negara penghasil minyak bumi terbesar dunia tersebut.

Di samping itu, Pemerintahan Raja Salman memerintahkan warganya untuk meninggalkan Lebanon, mengingat Iran memiliki pijakan utama di wilayah Timur Tengah itu melalui Hizbullah.

Konflik antar negara tersebut disinyalir membuat gangguan terhadap pasokan minyak global mengingat negara OPEC, termasuk Arab Saudi dan lran berkontribusi 42,7% dari total produksi dunia dan menyimpan cadangan 47,7% dari total pasokan minyak dunia pada 2016.

“Perhitungan kasar tentang potensi kerugian pasokan jika Saudi dan Iran berperang, bakal mencapai 17 juta barel per hari atau 26% dan total ekspor minyak global," kata Andy.

MASUK BURSA

Pendorong lain harga minyak dunia yang cukup panas yakni karena Arab Saudi rencananya akan mencantumkan perusahaan minyak dan gas nasionalnya di bursa berjangka New York Stock Exchange (NYSE).

“Posisi Arab akan menjadi Iebih baik untuk melakukan negosisasi dengan AS terkait pengelolaan produksi minyak shale [minyak serpih] yang bisa memicu kenaikan harga minyak dunia,” katanya.

Pada perdagangan yang tercatat dalam jaringan Minggu (26/11), harga minyak West Texas Intemlediate (WTI) menguat 0,93 poin atau 1,60% menjadi US$ 58,95 per barel di New York Merchantile Exchange.

Sementara itu, harga minyak Brent naik 0,31 poin atau 0,49% mennju US$63,86 per barel di ICE Futures yang berbasis di London. Seperti diketahui, selama ini pendongkrak negatif reli harga minyak dunia adalah produksi minyak serpih AS yang semakin tinggi.

Berdasarkan data U.S. Energy Information Administration (EIA), produksi minyak AS pada 2017 akan meningkat 9,2 juta barel

per hari (bph) dari 2016 sebesar 8,9 juta bph. Sementara itu, pada 2018, produksi AS akan mencapai rekor 10 juta bph.

Oleh sebab itu, keberhasilan negosiasi soal persediaan dan harga minyak dunia dianggap mampu diraih seiring dengan hubungan yang tampak baik antara Presiden AS Donald Trump dan Pimpinan Arab Saudi Raja Salman.

Dari segi permintaan, riset Mirae Asset mengungkapkan bahwa klaim global akan terus tumbuh kendati posisi minyak terancam oleh berkembangnya kendaraan listrik (EVs) yang cenderung memicu berkurangnya permintaan minyak global.

lnternational Energy Agency (IEA) memproyeksikan permintaan global tumbuh mencapai 99,1 juta barel per hari pada 2018, naik 1,41% dari tahun ini sebesar 97,7 juta barel per hari. Menurut IEA, konsumsi minyak harian di kawasan Asia Pasifik mencapai 34,6 juta barel per hari pada 2018, atau 34,9% dari jumlah konsumsi minyak harian global.

Sementara itu, diproyeksikan konsumsi minyak harian di Amerika mencapai 31,7 juta barel per hari pada 2018, atau 32% dari total konsumsi harian dunia. Hans van Cleff, ABN Amro Senior Energy Economist mengatakan, pada 2018 pasar bakal mengkhawatirkan potensi kekurangan pasokan minyak, yang menyebabkan dorongan harga. 

Di samping itu, permintaan minyak global akan terus meningkat di tahun-tahun mendatang didorong pertumbuhan ekonomi di India dan China.

“Pada 2018, akan ada kejutan reli harga minyak WTI mencapai US$ 70 barel per hari, sementara minyak Brent menuju level US$75 barel per hari," kata Cleef. Menurutnya, ketegangan politik yang mulai terasa panas akan berdampak lebih besar pada harga minyak dengan meningkatnya ketegangan antara Arab Saudi dan Iran yang berpotensi terjadinya penurunan pasokan lebih lanjut.

“Dengan kondisi itu, bahkan harga minyak pada awal 2019 bisa mencapai US$ 90 barel per hari,” katanya.

Sentimen-sentimen positif di atas menunjukkan semakin menguatnya posisi OPEC dan sekutunya, termasuk Rusia, dalam upaya mengurangi pasokan minyak dunia global guna mencapai tujuan keseimbangan pasar.

Menteri Energi Rusia Alexander Novak pada Jumat (24/11) mengatakan negaranya siap mendukung perluasan kesepakatan di antara produsen minyak dalam upaya mengurangi produksi global. Rusia akan membahas rincian perpanjangan kesepakatan global pada 30 November nanti. 

“Namun, target rebalancing pasar belum tercapai. Semua orang mendukung ekstensi [perpanjangan waktu], sehingga target akhir tercapai."

Bisnis Indonesia, Page-16, Monday, Nov 27, 2017

INGTA Objection Gas Unification Price

     Chairman of the Indonesian Natural Gas Trader Association (INGTA) or the Organization of Natural Gas Distributor Company Indonesia Sabrun Jamil assessed the government's plan, especially the Directorate General of Oil and Gas, Ministry of Energy and Mineral Resources (ESDM) to equate the selling price of gas throughout Indonesia. This is remember, anywhere in the world, gas selling price can not be equated.

"The government's goal of equating gas prices throughout Indonesia is good. So that price disparity in all of Indonesia is not too big. But that is not right. Who will cover the cost difference from one place to another? 

    If this is still allowed, it will make the business and investment in infrastructure and gas distribution will be quiet, "said Chairman of INGTA Sabrun Jamil, on the sidelines of the 4th Indonesian Energy Forum seminar held by the Alumni Association of Gas and Petrochemical Faculty of Engineering, University of Indonesia ( ILUNI DTGPK UI), held Friday (24/11) in Jakarta.

     Chairman of INGTA Sabrun Jamil explained, the selling price of gas in Europe around USS 4-5 / mmbtu is much lower than the selling price of gas in South Korea and Japan are in the range of US $ 8-10 / mmbtu.

     This is because the gas needs of European countries served by gas companies from the Russian state that delivery using a pipe overland with a distance that is not too far away. While the gas needs of South Korea and Japan sent from various countries by using shipping or ship equipped with technology and special equipment for the distribution or delivery of gas.

     Sabrun Jamil further explained, there has been a fundamental error in the way of thinking about the equation of gas prices. This is because there is much wrong in talking about fuel oil (BBM) and gas. People, especially the gas industry, think that BBM and BBG or gas are the same in processing and how they are distributed. 

     Whereas in principle the processing and production, as well as gas distribution with BBM is very much different. Development of fuel sources can be done anytime.

IN INDONESIA

INGTA Keberatan Penyatuan Harga Gas

    Ketua Umum Indonesian Natural Gas Trader Association (INGTA) atau Organisasi Perusahaan Distributor Gas Alam Indonesia Sabrun Jamil menilai rencana pemerintah khususnya Direktorat Jenderal Minyak dan Gas Kementrian Energi Sumber Daya Mineral (ESDM) menyamakan harga jual gas ke seluruh Indonesia, kurang tepat. Hal ini mengingat, dimanapun di seluruh dunia, harga jual gas tidak bisa disamakan.

“Tujuan pemerintah menyamakan harga jual gas di seluruh Indonesia adalah baik. Agar disparitas harga di seluruh Indonesia tidak terlalu besar. Akan tetapi hal itu tidak tepat. Siapa yang akan menanggung selisih biaya dari satu tempat ke tempat yang lain?  

     Bila ini tetap dibiarkan, maka akan membuat bisnis dan investasi di sektor infrastruktur dan distribusi gas akan sepi,” kata Ketua INGTA Sabrun Jamil, di sela-sela acara Seminar ke 4 Forum Energi Indonesia yang diselenggarakan Ikatan Alumni Gas dan Petrokimia Fakultas Teknik Universitas Indonesia (ILUNI DTGPK UI), yang diadakan Jumat (24/11) di Jakarta.

Ketua INGTA Sabrun Jamil memaparkan, harga jual gas di Eropa sekitar USS 4-5/mmbtu jauh lebih rendah dibandingkan harga jual gas di Korea Selatan dan Jepang yang berada di kisaran US$ 8-10/mmbtu.

     Hal ini karena kebutuhan gas negara-negara Eropa dilayani oleh perusahaan gas dari negara Rusia yang pengirimannya menggunakan pipa jalur darat dengan jarak yang tidak terlalu jauh. Sedangkan kebutuhan gas Korea Selatan dan Jepang dikirim dari berbagai negara dengan menggunakan shipping atau kapal laut yang dilengkapi teknologi dan peralatan khusus untuk distribusi atau pengiriman gas.

     Lebih lanjut Sabrun Jamil menjelaskan, selama ini ada kesalahan yang fundamental dalam cara berpikir mengenai penyamaan harga gas. Hal ini Karena banyak yang salah dalam membicarakan bahan bakar minyak (BBM) dan gas. 

     Masyarakat khususnya kalangan industri pemakaian gas berpikir bahwa BBM dan BBG atau gas sama dalam pengolahan dan cara pendistribusiannya. Padahal secara prinsip pengolahan dan produksi, maupun distribusi gas dengan BBM sangat jauh berbeda. Pengembangan sumber BBM bisa dilakukan kapan saja.

Investor Daily, Page-9, Saturday, Nov 25, 2017

Saka Energi Shoots 10% Production Increase

PT Saka Energi Indonesia projected oil and gas production to increase by 10 percent from this year's realization of 57,000 barrels of oil equivalent per day (barrel 011 equivalent per day / boepd) to 62,700 boepd by 2018.

President Director of Saka Energi Indonesia Tumbur Parlindungan said that it has set a projection of oil and gas production with a 5% -10% increase. However, it is still waiting for discussion of work plans and budget 2018 that still dipeoses.

He said the additional assumption of production was obtained from Jangkrik Field, Muara Bakau Block. The oil and gas block located off the coast of East Kalimantan will start its first production in mid-2017.

In Jangkrik Field, Saka has a participation portion of 37.8%. Cricket field produces gas with a daily volume of 600 million cubic feet per day (MMscfd).

In addition, additional production will be obtained from activities in existing blocks. Currently Saka has the right to manage in 11 oil and gas blocks at home and abroad.

Of the 11 blocks, three of them are not yet produced because they are still in the exploration stage, namely South Sesulu Block, West Bangkanai and Wokam II.

The other eight blocks already in production are Muara Bakau Block, Bangkanai Block, Pangkah, Ketapang, South Fast Sumatera, Muriah, Sanga-Sanga and Fasken Blocks located in the United States.

"Not yet WP & B [work plan and budget] is still running. The 2018 production projection grows to 5% -10%, "he said.

Saka Energi will execute the drilling of exploration wells for each activity in South Sesula Block and Wokam II Block. Then, specifically in Pangkah Block will be carried out drilling activities of development and seismic wells

"So in Pangkah Block there are six exploration well wells in South Sesulu 1 well and Wokam 1 well," he said.

Meanwhile, PT Pertamina EP, a subsidiary of PT Pertamina engaged in the upstream oil and gas sector completed drilling POL-N2 wells off the north coast of East Java.

The drilling was conducted through the operational unit of Pertamina EP Asset 4 in Poleng Field. Drilling of POL-N2 wells is the first offshore exploitation activity conducted by Pertamina EP Drilling of oil and gas wells located off the coast of Java Sea was conducted for 47 days using an Ensco 67 rig with a depth of 8,696 feet.

Oil and gas production from the POL-N2 well is targeted to exceed the target of 744 barrels per day and 1.07 million cubic feet per day (MMscfd).

"The drilling is the result of cooperation from Management Asset 4, Poleng Field, DWO, EPT and PEP Management's direction in Jakarta so that the activities can be run in accordance with the plan. This proves that Pertamina EP is capable of managing the drilling of offshore wells," said Didik Susilo as General Manger Asset 4 Penamina EP, Wednesday (22/11).

Field Field Manager Charles R Siallagan added that POL-N2 drilling could be completed sooner than target. This proves that Asset 4 Field Police is able to perform "planned cost efficiency.

"With faster drilling time Asset 4 Field Poleng able to reduce costs up to 75%. POL-N2 well drilling originally budgeted at approximately US $ 15.5 million cost realization can be reduced to approximately US $ 11.6 million, "said Charles.

Not only succeeded in drilling POL-N2, Pertamina EP Asset 4 also showed its expertise to drill oil wells on land, namely TPN-4 well located in Tuban.

IN INDONESIA

Saka Energi Bidik Kenaikan Produksi 10%

PT Saka Energi Indonesia memproyeksikan produksi minyak dan gas bumi naik hingga 10% dari perkiraan realisasi tahun ini sekitar 57.000 barel setara minyak per hari (barrel 011 equivalent per day/boepd) menjadi 62.700 boepd pada 2018.

Presiden Direktur Saka Energi Indonesia Tumbur Parlindungan mengatakan bahwa pihaknya telah menetapkan proyeksi produksi migas dengan kenaikan 5%-10%. Namun, pihaknya masih menunggu pembahasan rencana kerja dan anggaran 2018 yang masih dipeoses.

Dia menyebut, asumsi tambahan produksi diperoleh dari Lapangan Jangkrik, Blok Muara Bakau. Blok migas yang berlokasi di lepas pantai Kalimantan Timur itu akan memulai produksi pertama pada medio 2017.

Di Lapangan Jangkrik, Saka memiliki porsi partisipasi sebesar 37,8 % . Lapangan Jangkrik memproduksi gas dengan volume harian 600 juta kaki kubik per hari (MMscfd).

Selain itu, tambahan produksi akan diperoleh dari kegiatan di blok-blok yang sudah ada. Saat ini Saka memiliki hak kelola di 11 blok migas di dalam dan luar negeri.

Dari 11 blok tersebut, tiga blok di antaranya belum menghasilkan karena masih dalam tahap eksplorasi, yakni Blok South Sesulu, West Bangkanai, dan Wokam II.

Delapan blok lain yang sudah berproduksi yaitu Blok Muara Bakau, Blok Bangkanai, Pangkah, Ketapang, South Fast Sumatera, Muriah, Sanga-Sanga, dan Blok Fasken yang berada di Amerika Serikat. 

“Belum WP&B [rencana kerja dan anggaran] masih berjalan. Proyeksi produksi 2018 tumbuh mencapai 5%-10%,” ujarnya.

Saka Energi akan mengeksekusi pengeboran sumur eksplorasi masing-masing satu kegiatan di Blok South Sesulu dan Blok Wokam II. Kemudian, khusus di Blok Pangkah akan dilakukan kegiatan pengeboran sumur pengembangan dan seismik 

“Jadi di Blok Pangkah ada enam sumun sumur eksplorasi di South Sesulu 1 sumur dan Wokam 1 sumur,” katanya.

Sementara itu, PT Pertamina EP, anak perusahaan PT Pertamina yang bergerak di sektor hulu minyak dan gas bumi menyelesaikan pengeboran sumur POL-N2 di lepas pantai utara Jawa Timur.

Pengeboran itu dilakukan melalui unit operasional Pertamina EP Asset 4 di Poleng Field. Pengeboran sumur POL-N2 merupakan kegiatan eksploitasi lepas pantai pertama yang dilakukan Pertamina EP Pengeboran sumur migas yang terletak di lepas pantai laut Jawa itu dilakukan selama 47 hari menggunakan rig Ensco 67 dengan kedalaman 8.696 kaki.

Produksi migas dari sumur POL-N2 ditargetkan melebihi target sebanyak 744 barel per hari dan gas 1,07 juta kaki kubik per hari (MMscfd).

“Pengeboran ini hasil kerja sama dari Management Asset 4, Poleng Field, DWO, EPT dan arahan Management PEP Jakarta sehingga kegiatan dapat berjalan sesuai dengan rencana, hal ini membuktikan bahwa Pertamina EP mampu mengelola pemboran sumur lepas pantai,” ujar Didik Susilo selaku General Manger Asset 4 Penamina EP, Rabu (22/11).

Poleng Field Manager Charles R Siallagan menambahkan bahwa pengeboran POL-N2 dapat diselesaikan lebih cepat dari target. Hal ini menjadi bukti Asset 4 Poleng Field mampu melakukan” efisiensi biaya yang telah direncanakan.

“Dengan waktu pengeboran lebih cepat Asset 4 Poleng Field mampu menekan biaya hingga 75 %. Pengeboran sumur POL-N2 yang semula dianggarkan sekitar US$ 15,5 juta realisasi biaya mampu ditekan menjadi sekitar US$ 11,6 juta,” ujar Charles.

Tdak hanya berhasil dalam pengeboran POL-N2, Pertamina EP Asset 4 juga menunjukkan kepiawaiannya untuk pengeboran sumur migas di darat, yaitu sumur TPN-4 yang berlokasi di Tuban.

Bisnis Indonesia, Page-30, Friday, Nov 24, 2017