Gas Masela Block Sale Price Minimum US $ 5.86 per Mmbtu

The Ministry of Energy and Mineral Resources (ESDM) stipulates the gas field assumption of Abadi Field, Masela Block at US $ 5.8 per Million British Thermal Unit (mmbtu). EMR Deputy Minister of Energy and Mineral Resources, Arcandra Tahar, said the minimum gas pricing from the Abadi Field of the Masela Block in the final consumer costs US $ 5.8 per mmbtu. The government does not suggest that gas prices from the Masela Block are sold below it because it will not be economical.

"If you can not afford US $ 5.86 I do not recommend, do not take, if US $ 3 per mmbtu is upstream price, how? US $ 3.8 per mmbtu weighs upstream, does not enter the economy and we will open market- To anyone, "he said, Friday (16/6).

As an illustration, this pricing is clearly lower than other oil and gas blocks. Example of BP Tangguh gas price is currently US $ 8 per mmbtu, even export gas price reaches US $ 13 per mrnbtu to US $ 15 per mmbtu.

The pricing of gas is taken from the initial study of Inpex Corporation as operator of Masela Block. "It's a preliminary study, the selling price can be anything, whether this year or next year depends on the gas sale price set by the minister, assuming it's okay, the assumption of US $ 5.86 per mmbtu is the assumption that their economy is based on the current price" He said

Arcandra also said the gas price is already able to meet the economics of the Abadi field Masela block even if fixed constantly throughout the contract until 2028 later. "The constant is US $ 5.86 per mmbtu for their stacking economy," he said.

However, the price could actually increase because Inpex is currently re-arranging the economic study. Because Inpex had just started the study preparation project design or commonly called Pre-Front End Engineering Design (FEED) back. "For the future, they will enter Pre- FEED again," he said.

It's just that the government still wants a certain price and gas buyer Masela Block in the near future, so that this project can run to the next stage. One step is that the government will offer contracts to Masela's four gas buyers this week.

Potential buyers are to PT Perusahaan Listrik Negara (PLN), Pupuk Indonesia, Kaltim Methanol Industri / Sojitz, and El soro Multi Pratama. Arcandra said the contract will contain terms and conditions including gas prices to be purchased from the Masela Block. "This is so that gas buyers Masela really absorb gas according to the contract," he said.

Arcandra is worried, if only signed Head of Agreement (HOA), there is no certainty of gas buyers Masela because gas buyers could have canceled the agreement if the gas price is cheaper.

"If terms and conditions enter they can no longer, for example the condition is completion date should be around this year for example, if he entered him. Must buy the gas, "said Arcandra

The government will also spend three months for companies wishing to contract to absorb gas from the Masela Block. After getting the contract Inpex can start Pre-FEED because it has obtained the certainty of gas buyers. "After three months of new Pre-FEED one stage, so now the process please administration and others," explained Arcandra.

If the next three months the gas allocation from the Masela Block is less than 474 mmbtu, the Masela gas allocation for the domestic will be lowered to 150 mmscfd.

Senior Manager of Communication and Relations Inpex, Usman Slamet just stated that Inpex is currently preparing the best Pre-FEED study.

"We want the study to be done quickly and correctly," he said.

IN INDONESIA

Harga Jual Gas Blok Masela Minimal US$ 5,86 per Mmbtu

Kementerian Energi dan Sumber Daya Mineral (ESDM) menetapkan asumsi harga gas Lapangan Abadi, Blok Masela US$ 5,8 per Million British Thermal Unit (mmbtu). Wakil Menteri ESDM Arcandra Tahar menyebut, penetapan harga minimal gas dari Lapangan Abadi Blok Masela di konsumen akhir seharga US$ 5,8 per mmbtu. Pemerintah tidak menyarankan harga gas dari Blok Masela dijual di bawah itu karena tidak akan ekonomis.

"Kalau tidak mampu ambil US$ 5,86 saya tidak sarankan, jangan ambil. Kalau US$ 3 per mmbtu itu harga hulu, bagaimana caranya? US$ 3,8 per mmbtu berat ke hulunya, tidak masuk keekonomian dan kami akan buka market-nya ke siapa saja," ujarnya, Jumat (16/6).

Sebagai gambaran, penetapan harga ini jelas lebih rendah ketimbang blok migas lain. Contoh harga gas BP Tangguh saat ini US$ 8 per mmbtu, bahkan harga gas ekspor mencapai US$ 13 per mrnbtu sampai US$ 15 per mmbtu. 

Penetapan harga gas tersebut diambil dari hasil kajian awal Inpex Corporation selaku operator Blok Masela. "Itu kajian awal. Harga jual bisa apa saja, mau tahun ini atau tahun depan tergantung. Harga jual gas itu ditetapkan oleh menteri, asumsi boleh saja, asumsinya US$ 5,86 per mmbtu itu asumsi keekonomian mereka disusun berdasarkan harga saat itu," katanya

Arcandra juga bilang harga gas tersebut sudah bisa memenuhi keekonomian lapangan Abadi blok Masela bahkan jika ditetapkan secara konstan dalam sepanjang kontrak hingga 2028 nanti. “Konstan itu US$ 5,86 per mmbtu untuk keekonomian mereka yang susun," katanya.

Namun, harga tersebut sejatinya bisa saja meningkat karena Inpex saat ini sedang menyusun ulang kembali kajian keekonomian. Pasalnya Inpex pun baru memulai studi persiapan desain proyek atau biasa disebut Pre-Front End Engineering Design (FEED) kembali. "Untuk ke depannya kan mereka mau masuk Pre- FEED lagi," katanya.

Hanya saja pemerintah tetap ingin ada kepastian harga dan pembeli gas Blok Masela dalam waktu dekat, agar proyek ini bisa berjalan ke tahap selanjutnya. Salah satu langkahnya adalah pemerintah akan menawarkan kontrak kepada keempat pembeli gas Masela dalam pekan ini.

Calon pembeli itu diantaranya kepada PT Perusahaan Listrik Negara (PLN), Pupuk Indonesia, Kaltim Methanol Industri/Sojitz, dan El soro Multi Pratama. Arcandra bilang, kontrak tersebut akan berisi terms and conditions termasuk harga gas yang akan dibeli dari Blok Masela. "Ini agar pembeli gas Masela benar-benar menyerap gas sesuai kontrak itu," ungkapnya.

Arcandra khawatir, jika hanya menandatangani Head of Agreement (HOA), belum ada kepastian pembeli gas Masela karena pembeli gas bisa saja membatalkan perjanjian jika harga gas yang lebih murah.

“Kalau terms and conditions masuk mereka tidak bisa lagi, misalnya kondisinya adalah completion date harus sekitar tahun ini misalnya, kalau dia masuk dia. harus beli gasnya," ujar Arcandra

Pemerintah pun akan memberikan waktu selama tiga bulan bagi perusahaan yang ingin berkontrak untuk menyerap gas dari Blok Masela. Setelah mendapatkan kontrak Inpex bisa memulai Pre-FEED karena sudah mendapatkan kepastian pembeli gas. "Setelah tiga bulan baru Pre-FEED satu tahap. Jadi sekarang prosesnya silahkan administrasi dan lain-lain," jelas Arcandra.

Jika tiga bulan ke depan alokasi gas dari Blok Masela kurang dari 474 mmbtu, maka alokasi gas Masela untuk domestik akan diturunkan menjadi 150 mmscfd.

Senior Manager Communication and Relation Inpex, Usman Slamet hanya menyatakan saat ini Inpex sedang mempersiapkan dengan sebaik-baiknya studi Pre-FEED.

"Kami ingin agar studi bisa segera terlaksana dengan cepat dan benar," katanya.

Kontan, Page-14, Monday, June 19, 2017

Medco Releases CBM Assets Gradually

Medco Energi Internasional will focus on developing conventional energy

Prices and demand for alternative energy are still unstable. This condition encourages PT Medco Energi Internasional Tbk (MEDC) to re-focus on conventional energy sources, namely oil and gas (oil and gas).

MEDC will soon release the participating interest of coal bed methane (CBM) production blocks one by one. "CBM is low priority, we will focus on conventional energy," said Ronald Gunawan, Director of Operations MEDC last weekend (18/6).

MEDC has three blocks of CBM production, namely Sekayu Block, Lematang Block and Muralim Block, which are all located in South Sumatra. One of the most visible blocks; The release scheme is the Lematang Block. In this block, MEDC owns 80%, PT Saka Energi 5% and PT Methanindo Energy Reseources 15%.

The participating interest sales process begins in December 2014. MEDC signed a sale and purchase agreement (ASPA) with Methanindo. MEDC will release 21% participating interest to Methanindo. As compensation, Methanindo is required to pay US $ 555,666 or at least equivalent to Rp 70 billion to MEDC.

In November 2016, MEDC awarded the remaining 34% participating interest to Methanindo. This transfer of rights of participation does not get the approval of the government.

MEDC is also negotiating to release Sekayu Block. In this block, MEDC through its subsidiary, PT Medco CBM Sekayu in partnership with South Sumatra Energy Inc. (SSE Inc). Each gets a 50% participating interest. Medco becomes an operator on this block.

MEDC has a 50% participating interest in Muralim Block with Dart Energy acting as operator. "If the Muralim block is still maintained," added Ronald.

MEDC owner Arifin Panigoro said the company is continuing to process the purchase of contractor shares as well as listed companies in the Australian stock exchange, namely Macmahon Holdings Limited. Medco has processed a preliminary agreement or head of agreement (HOA) related to the purchase of shares. "In essence, we want to invite them in," said Arifin.

The acquisition plan began with the publication of 954 million new shares of Macmahon worth A $ 0.203 per share. These shares will be absorbed by the grandson of MEDC, Amman Minerals Contractors Pte Ltd (AMC). AMC will hold a 44.3% stake in Macmahon. Currently, 65% of AMC's shares are held by PT Amman Mineral Nusa Tenggara, and the rest is by PT AP Investment.

This Congress will have the right to mine blocks, namely Batu Hijau Block, Elang Block and Nangka Block. Macmahon needs to ask shareholder approval regarding this plan next month.

Muhammad Nafan Aji, an analyst at Binaartha Parama Sekuritas, said the issuers should strive to improve performance, including through efficiency. The release of assets can make MEDC more quick to find other energy alternatives.

"With a focus on developing South Natuna Sea Block B, it is expected that the issuer's prospects will grow," he added. Nafan predicts, MEDC revenue this year potentially rose 4% to US $ 624 million. He recommends buying MEDC with a target of Rp 3,400

IN INDONESIA

Medco Melepas Asset CBM Secara Bertahap

Medco Energi Internasional akan fokus pada pengembangan energi konvensional

Harga dan permintaan energi alternatif masih belum stabil. Kondisi ini mendorong PT Medco Energi Internasional Tbk (MEDC) kembali fokus pada sumber energi konvensional, yakni minyak dan gas (migas).

MEDC akan segera melepas hak partisipasi (participating interest) blok produksi gas metana batubara atau coal bed methane (CBM) satu per satu. "CBM itu low priority, kami akan fokus pada energi konvensional," ujar Ronald Gunawan, Direktur Operasi MEDC akhir pekan lalu (18/6).

MEDC punya tiga blok produksi CBM, yakni Blok Sekayu, Blok Lematang dan Blok Muralim, yang seluruhnya berada di Sumatra Selatan. Salah satu blok yang paling terlihat; skema pelepasannya adalah Blok Lematang. Di blok ini, MEDC memiliki kepemilikan 80%, PT Saka Energi sebesar 5% dan PT Methanindo Energi Reseources 15%.

Proses penjualan participating interest dimulai Desember 2014. MEDC menandatangani asset sale and purchase agreement (ASPA) dengan Methanindo. MEDC akan melepas 21% participating interest kepada Methanindo. Sebagai kompensasi, Methanindo wajib membayar US$ 555.666 atau setidaknya setara Rp 70 miliar ke MEDC.

Pada November 2016, MEDC menyerahkan sisa 34% participating interest kepada Methanindo. Pengalihan hak partisipasi ini tidak kunjung memperoleh persetujuan dari pemerintah.

MEDC juga sedang bernegosiasi melepas Blok Sekayu. Di blok ini, MEDC melalui anak usahanya, PT Medco CBM Sekayu bermitra dengan South Sumatra Energy Inc (SSE Inc). Masing-masing mendapatkan participating interest 50%. Medco menjadi operator di blok ini.

MEDC memiliki participating interest 50% di Blok Muralim bersama Dart Energy yang bertindak sebagai operator. "Kalau yang blok Muralim masih kami pertahankan," imbuh Ronald.

Pemilik MEDC Arifin Panigoro mengatakan, pihaknya terus melanjutkan proses transaksi pembelian saham kontraktor sekaligus perusahaan yang tercatat di bursa Australia, yakni Macmahon Holdings Limited. Medco telah memproses perjanjian awal atau head of agreement (HOA) terkait pembelian saham. "Intinya, kami ingin mengajak mereka masuk," ujar Arifin.

Rencana akuisisi ini diawali dengan penerbitan 954 juta saham baru Macmahon senilai A$ 0,203 per saham. Saham ini akan diserap oleh cucu usaha MEDC, Amman Mineral Contractors Pte Ltd (AMC). AMC akan menggenggam 44,3% saham Macmahon. Saat ini, 65% saham AMC dipegang oleh PT Amman Mineral Nusa Tenggara, dan sisanya oleh PT AP Investment.

Kongsi ini nantinya akan memiliki hak untuk menambang sejumlah blok, yakni Blok Batu Hijau, Blok Elang dan Blok Nangka. Macmahon perlu meminta restu pemegang saham terkait rencana ini pada bulan depan.

Muhammad Nafan Aji, analis Binaartha Parama Sekuritas menyebut, emiten harus berupaya meningkatkan kinerja, termasuk lewat efisiensi. Pelepasan aset bisa membuat MEDC lebih cepat mencari alternatif energi lain.

"Dengan fokus pada pengembangan South Natuna Sea Block B, diharapkan prospek emiten ini bisa berkembang," tambah dia. Nafan memprediksi, pendapatan MEDC tahun ini berpotensi naik 4% menjadi US$ 624 juta. Dia merekomendasikan buy MEDC dengan target Rp 3.400.

Kontan, Page-4, Monday, June 19, 2017

July, BD Field Starts Production

The cooperation contract contractor (KKKS) of Husky-CNOOC Madura Limited (HCML) started producing gas from the BD field in July. In the first phase, new production reached 30 percent of the capacity of 110 million cubic feet per day (mmscfd).

HCML Senior Head of Relations Hamim Tohari states, 20-30 mmscfd of initial gas production will be channeled to PGN. "In addition to PGN, in accordance with the contract, gas from BD field will be channeled to PT Ind Alasindo Energy and PT Parna Raya with 40 mmscfd each," he said yesterday (18/6).

The field that is part of the Madura Strait Block is located at 16 kilometers south of Madura or 65 km east of Surabaya. Until now, the field in the area of ​​Mandangin Islands is in commissioning stage. The field is expected to generate 442 billion cubic feet of natural gas and 18.7 million barrel (mmbbl) of condensate for 13 years.

In the BD field development, HCML uses offshore PT PAL production platforms. The offshore platform has been installed in a 55 meter sea depth. The offshore rig construction project was acquired by PT PAL after winning a special tender for offshore engineering procurement construction and installation (EPCI) Madura BD project.

In addition to the BD field, HCML is exploring the MDA and MBH fields. The field is east of Surabaya or 75 km southeast of Madura. The planned gas production for the two fields is 170 mmscfd. "Currently we are building a platform construction using Hilong ships that will be completed until 2018," said Hamim.

Gas from the field is planned to be absorbed by the fertilizer industry, power plants, and manufacturing industries that require gas in East Java.

IN INDONESIA

Juli, Lapangan BD Mulai Produksi

Kontraktor kontrak kerja sama (KKKS) Husky-CNOOC Madura Limited (HCML) mulai memproduksi gas dari lapangan BD pada Juli mendatang. Pada tahap pertama, produksi baru mencapai 30 persen dari kapasitas 110 juta kaki kubik per hari (mmscfd).

Senior Head of Relations HCML Hamim Tohari menyatakan, 20-30 mmscfd gas hasil produksi awal akan disalurkan ke PGN. "Selain ke PGN, sesuai dengan kontrak, gas dari lapangan BD akan disalurkan ke PT lnti Alasindo Energy dan PT Parna Raya dengan masing-masing 40 mmscfd,” ujarnya kemarin (18/6).

Lapangan yang menjadi bagian dari Blok Madura Strait itu terletak di 16 kilometer sebelah selatan Madura atau 65 km sebelah timur Surabaya. Hingga kini, lapangan di areal Kepulauan Mandangin tersebut berada dalam tahap commissioning. Lapangan itu diharapkan mampu menghasilkan 442 miliar kaki kubik gas bumi dan 18,7 juta barel (mmbbl) kondensat selama 13 tahun.

Dalam pengembangan lapangan BD, HCML mengguanakan anjungan lepas pantai produksi PT PAL. Anjungan lepas pantai tersebut telah terpasang di kedalaman laut 55 meter. Proyek pembangunan anjungan lepas pantai itu diperoleh PT PAL setelah memenangi tender khusus proyek lepas pantai engineering procurement construction and installation (EPCI) Madura BD.

Selain lapangan BD, HCML sedang mengeksplorasi lapangan MDA dan MBH. Lapangan tersebut berada di sebelah timur Surabaya atau 75 km sebelah tenggara Madura. Produksi gas yang direncanakan untuk dua lapangan itu mencapai 170 mmscfd. ”Saat ini kami membangun konstruksi platform dengan memakai kapal Hilong yang akan selesai hingga 2018,” kata Hamim.

Gas dari lapangan tersebut direncanakan mampu diserap industri pupuk, pembangkit listrik, maupun industri manufaktur yang membutuhkan gas di Jawa Timur.

Jawa Pos, Page-5, Monday, June 19, 2017

HCML Exploration, MDA-MBH Field Socialization

Oil and gas exploration in East Java continues. One of them is by the Cooperation Contract Contractor (KKKS) of Husky CNOOC Madura Limited (HCML) in Madura region. The Company is busy conducting further socialization of the MDA-MBH field development that will be exploited soon in Sumenep.

Head of Relations HCML Surabaya, Hamim Tohari said for oil and gas exploitation always use local components. It is not true that the oil and gas industry, in particular, is not entirely foreign-controlled.

"Operations in the field will be fully using the domestic platform, for example we use PT PAL products," he said in Surabaya.

Hamim admitted, the current oil price is less good, but the gas is still prospective. And the entire production of HCML gas to meet domestic needs.

"For gas no one is exported. Later there will be a pipeline to Pasuruan to channel HCML production gas to existing factories in Pasuruan and surrounding areas, "he said.

The plan, three field developed, MDA, MBH and MDK. This time the focus of MDA and MBH field. The field is located 75 km southeast of Madura. The current HCML activity is the construction of platform construction using Hilong vessel.

After the operation, HCML promised to directly participate in the community empowerment development program as needed around the operation. HCML also requested support from all stakeholders to support upstream oil and gas operations.

A number of activities they do to help the local community have been done. Among the help is ambulance Community Health Center, empowering seaweed farmers and fishermen, as well as increased educational and religious facilities in the affected areas. 

     The production of gas from the MDA-MBH field owned by HCML itself will be used to meet the needs of fertilizer plants, power plants. Their products will also be distributed to various industries located in East Java.

IN INDONESIA

Eksplorasi HCML, Sosialisasi Lapangan MDA-MBH

Eksplorasi migas di Jawa Timur terus dilakukan. Salah satunya oleh Kontraktor Kontrak Kerja Sama (KKKS) Husky CNOOC Madura Limited (HCML) di wilayah Madura. Perseroan sedang sibuk melakukan sosialisasi lanjutan pengembangan Lapangan MDA-MBH yang akan segera dieksploitasi di Sumenep.

Head of Relations HCML Surabaya, Hamim Tohari mengatakan untuk eksploitasi migasnya selalu menggunakan komponen lokal. Tidak benar bahwa industri migas terutama yang dilakukannya tidak sepenuhnya dikuasai asing.

“Operasional di lapangan nantinya sepenuhnya menggunakan platform dalam negeri, kami misalnya menggunakan produk PT PAL,” ujarnya di Surabaya.

Hamim mengakui, harga minyak saat ini kurang bagus, namun gas masih prospektif. Dan seluruh produksi gas HCML untuk memenuhi kebutuhan dalam negeri.

“Untuk gas tidak ada yang di ekspor. Nantinya ada saluran pipa ke Pasuruan mengalirkan gas produksi HCML untuk pabrik yang ada di Pasuruan dan sekitarnya,” tegasnya. 

Rencananya, tiga lapangan dikembangkan, MDA, MBH dan MDK. Kali ini fokus lapangan MDA dan MBH. Lapangan itu berada di 75 km tenggara Madura. Kegiatan HCML saat ini adalah pembangunan konstruksi platform menggunakan kapal Hilong.

Setelah beroperasi, HCML berjanji berpartisipasi langsung program pengembangan pemberdayaan masyarakat sesuai kebutuhan sekitar operasi. HCML juga meminta dukungan dari segenap pemangku kepentingan untuk mendukung kegiatan operasi hulu migasnya.

Sejumlah kegiatan yang mereka lakukan untuk membantu masyarakat setempat sudah dilakukan. Diantaranya bantuan ambulans Pusat Kesehatan Masyarakat, pemberdayaan petani rumput laut dan nelayan, serta peningkatan sarana pendidikan dan keagamaan di daerah terdampak. 

     Hasil produksi gas dari lapangan MDA-MBH milik HCML itu sendiri nantinya akan digunakan untuk memenuhi kebutuhan pabrik pupuk, pembangkit listrik. Produk mereka juga akan disalurkan ke berbagai industri yang berada di wilayah Jawa Timur.

Duta Masyarakat, Page-16, Monday, June 19, 2017

HCML doing Socialization Development MDA-MBH Field in Sumenep

The Cooperation Contract Contractor (KKKS) of Husky CNOOC Madura Limited (HCML) conducted an Advanced Socialization of the MDA-MBH Field Development of Sumenep Madura to a number of stakeholders at the ESDM Office of East Java Province.

"We are under contract at this location in 1982-2012 and extended for the next 20 years from 2012-2032, so the rest of the contract period will be about 15 more years.If it does not start production soon, the economic value will be lost.This is a challenge for us, Even though social activities to the community Sumenep we have done, "said Head of Relations HCML Surabaya, Hamim Tohari, Sunday (18/6).

Hamid added that the socialization was attended by several related institutions including Military Area Command V / Brawijaya, Primary Base TNI Navy V / Surabaya, East Java Transportation Department, East Java Communication and Information Service, Sumenep Local Government, Environment Agency Sumenep, Sumenep, Natural Resources Bureau of Sumenep and several community groups from Sumenep.

While currently there are three fields that will be developed, namely the field MDA, MBH and MDK. But this time still focus on doing MDA and MBH field. The field is located 200 km east of Surabaya or 75 km southeast of Madura.

"The current HCML activity is the construction of platform construction using Hilong vessels," he said. However, after the operation, HCML promised to participate directly in the community empowerment development program in accordance with the needs of the community around the operation area.

IN INDONESIA

HCML Sosialisasi Pengembangan Lapangan MDA-MBH Sumenep

Kontraktor Kontrak Kerja Sama (KKKS) Husky CNOOC Madura Limited (HCML) melakukan Sosialisasi Lanjutan Pengembangan Lapangan MDA-MBH Sumenep Madura kepada sejumlah stakeholder di kantor Dinas ESDM Provinsi Jawa Timur.

"Kami sudah terikat kontrak di lokasi ini pada 1982-2012 dan diperpanjang 20 tahun ke depan sejak 2012-2032. Sehingga, sisa masa kontrak sekitar 15 tahun lagi. Kalau tidak segera berproduksi, maka nilai keekonomiannya akan hilang. Ini menjadi tantangan bagi kami, meskipun demikian kegiatan sosial ke masyarakat Sumenep sudah kami lakukan," kata Head of Relations HCML Surabaya, Hamim Tohari, Minggu (18/6).

Hamim menambahkan, sosialisasi tersebut dihadiri beberapa instansi terkait di antaranya Komando Daerah Militer V/Brawijaya, Pangkalan Utama TNI Angkatan Laut V/Surabaya, Dinas Perhubungan Jawa Timur, Dinas Komunikasi dan Informasi Jawa Timur, Pemerintah Daerah Sumenep, Badan Lingkungan Hidup Sumenep, Dinas Perhubungan Sumenep, Biro Sumber Daya Alam Sumenep dan beberapa kelompok masyarakat dari Sumenep.

Sedangkan saat ini ada tiga lapangan yang akan dikembangkan, yakni lapangan MDA, MBH dan MDK. Tapi kali ini masih fokus mengerjakan lapangan MDA dan MBH. Lapangan itu berada di 200 km sebelah timur Surabaya atau 75 km sebelah tenggara Madura.

"Kegiatan HCML saat ini adalah pembangunan konstruksi platform menggunakan kapal Hilong," katanya. Namun setelah beroperasi, pihak HCML berjanji akan berpartisipasi langsung dalam program pengembangan pemberdayaan masyarakat sesuai dengan kebutuhan masyarakat sekitar daerah operasi.

Bhirawa, Page-8, Monday, June 19, 2017

Pertamina EP Assessed Gas Price from JTB Field

Until mid-June 2017 there has not been any prospective buyers interested in gas field production Jambaran Tiung Biru (JTB) managed by Pertamina EP Cepu. PLN is expected to sign a gas purchase agreement rejecting the price offered by Pertamina for USD 7 perMMBTU.

The price offered by Pertamina EP does not include the cost of transport to PLN's power plant in Gresik Regency through a toll fee of USD 1 per MMBTU. In total, PLN needs USD8 per MMBTU to get gas from Pertamina EP.

Public Goverment Affair and Relation Pertamina EP Cepu Kunadi said, there are several factors why gas prices in JTB expensive. H2S and CO2 gas content is high enough to make the conditioning process long and requires special equipment for exploitation. So, it's different from other gas factories, "Kunadi said. Price

Gas from wells to power stations in Java Region averages no more than USD 7 per MMBTU. Comparison of these prices that make gas in JTB quite expensive and considered less economical.

"If the price of USD 8, the original expected rate so that the rate of return is rather high. Pertamina assessed the return offer from PLN of USD 7 per MMBTU to make the rate of return for Pertamina lower. This will affect the difference between operating and revenue costs. PLN is concerned that it will affect the cost of providing electricity (EPP)

IN INDONESIA

Pertamina EP Kaji Harga Gas dari Lapangan JTB

Hingga pertengahan Juni 2017 belum ada satu pun calon pembeli yang berminat terhadap produksi gas lapangan Jambaran Tiung Biru (JTB) yang dikelola Pertamina EP Cepu. PLN yang diharapkan akan menandatangani kesepakatan pembelian gas menolak harga yang ditawarkan Pertamina sebesar USD 7 perMMBTU.  

Harga yang ditawarkan Pertamina EP tersebut belum termasuk biaya angkut ke pembangkit milik PLN di Kabupaten Gresik melalui pipa (toll fee) sebesar USD 1 per MMBTU. Jika ditotal, PLN membutuhkan dana USD8 per MMBTU untuk mendapatkan gas dari Pertamina EP. 

Publik Goverment Affair and Relation Pertamina EP Cepu Kunadi mengatakan, ada beberapa faktor kenapa harga gas di JTB mahal. Kandungan gas H2S dan CO2 yang cukup tinggi membuat proses pengondisiannya lama dan membutuhkan peralatan khusus untuk eksploitasi. Jadi, berbeda dari pabrik-pabrik gas lain,” kata Kunadi. Harga 

Gas dari sumur sampai ke pembangkit di Wilayah Jawa rata-rata tidak lebih dari USD 7 per MMBTU. Perbandingan harga tersebut yang membuat gas di JTB tergolong mahal dan dinilai kurang ekonomis. 

“Kalau harga USD 8,  angka yang diharapkan semula supaya rate of return-nya agak tinggi. Pertamina menilai tawaran balik dari PLN sebesar USD 7 per MMBTU membuat rate of return bagi Pertamina semakin rendah. Hal ini akan memengaruhi selisih antara biaya operasi dan pendapatan. PLN pun khawatir hal itu berdampak terhadap biaya pokok penyediaan (EPP) listrik yang diproduksi nantinya. 

Koran Sindo, Page-18, Saturday, June 17, 2017

PGN is reluctant to enter into BUK Migas

The discussion on the revision of the Oil and Gas Law (UU) continues to roll. PT Perusahaan Gas Negara Tbk (PGN) proposes that the company should become a National gas company, thus separating it from downstream and upstream oil and gas management. In other words, PGN does not want to join the Special Enterprise Agency (BUK) and wants to have its own structure.

PGN requested the revision of the Act to include an assignment as a state-owned gas company. The task of National Gas Company is consolidation of domestic natural gas and gas distribution with the main task of planning, construction of infrastructure, gas management of Contractor Cooperation Contract (KKKS). The goal is to make gas distribution to society more effective.

In PGN's Proposal obtained by KONTAN, PGN also mentioned the need for separation of arrangements between downstream oil and gas business activities. This is due to the mutual nature of the molecule, industry, and function. "The downstream management of oil and gas downstream through BUMN entities (including structures in it) differs in writing the proposed PGN obtained by KONTAN on Wednesday (14/6) night.

PGN Jobi's President Triananda Hasjim did not want to reveal about the proposal. It's just that he said PGN on Wednesday (14/6) night was asked to convey the idea of ​​a revision of the Oil and Gas Law recently awarded Commission VII.

"We want to see about the form of Special Business Entity (BUK), where PGN?" He said on Wednesday (14/6). According to Jobi, PGN has not got a clear definition impressed the formation of BUK Migas from Commission VII DPR RI.

 "So I'm a bit cautious about commenting on our own that is not yet clear," he added. But Jobi sure, PGN ready to follow the government's direction both BUK and oil and gas holding.

"The important thing is that PGN is ready to run the government's duties, well, this is government property," he said.

Only in the closed meeting, the Legislation Body asked about PGN business. Jobi explained, since the Dutch era PGN only take care of gas.

"So we want to be clear in the future who is in charge of gas in the country as National gas company," he said.

    He also called for a revision of the Oil and Gas Law to create a better downstream gas investment climate. So, the private sector can cooperate with the state-owned gas in developing gas infrastructure.

"We want infrastructure to be built everywhere, people should not be afraid of participating with SOEs," he added.

IN INDONESIAN

PGN Ogah Masuk Dalam BUK Migas

Pembahasan revisi Undang-Undang (UU) Migas terus bergulir. PT Perusahaan Gas Negara Tbk (PGN) mengusulkan perusahaan tersebut sebaiknya menjadi National gas company, sehingga terpisah dengan pengelolaan hilir dan hulu migas. Dengan kata lain, PGN tidak ingin bergabung dengan Badan Usaha Khusus (BUK) dan ingin memiliki struktur sendiri. 

PGN meminta revisi Undang-Undang memasukkan adanya penugasan sebagai BUMN gas. Tugas National Gas Company adalah konsolidasi pengusahaan dan penyaluran gas bumi domestik dengan tugas utama penyusunan perencanaan, pembangunan infrastruktur, pengelolaan gas Kontraktor Kontrak Kerja Sama (KKKS). Tujuannya agar penyaluran gas ke masyarakat lebih efektif.

Dalam Usulan PGN yang diperoleh KONTAN, PGN juga menyebut perlu ada pemisahan pengaturan antara kegiatan usaha hilir minyak dan gas. Ini karena secara sifat molekul, industri, dan fungsi yang saling mensubstitusi. "Pengelolaan hilir minyak dan hilir gas melalui entitas BUMN (Termasuk struktur di dalamnya) berbeda tulis usulan PGN yang diperoleh KONTAN. Rabu (14/6) malam. 

Direktur Utama PGN Jobi Triananda Hasjim belum mau mengungkapkan soal usulan itu. Hanya saja dia bilang PGN pada Rabu (14/6) malam itu diminta menyampaikan gagasan soal revisi Undang-Undang Migas yang baru saja diberikan Komisi VII. 

"Kami mau melihat mengenai bentuk Badan Usaha Khusus (BUK), PGN ada di mana?" katanya, Rabu (14/6). Menurut Jobi, PGN belum mendapatkan definisi yang jelas terkesan pembentukan BUK Migas dari Komisi VII DPR RI.

 "Jadi saya agak berhati-hati mengomentari sendiri yang kami sendiri belum jelas," imbuhnya. Namun Jobi memastikan, PGN siap mengikuti arahan pemerintah baik terkait BUK maupun holding migas. 

"Yang penting apapun PGN siap menjalankan tugas pemerintah. Yah, ini milik pemerintah," katanya. 

    Hanya saja dalam rapat tertutup itu, Badan Legislasi menanyakan soal bisnis PGN. Jobi menjelaskan, sejak zaman Belanda PGN hanya mengurusi gas. 

"Makanya kami mau kedepan jelas siapa yang mengurusi gas di dalam negeri sebagai National gas company," ujarnya.  

    Dia  juga meminta revisi Undang-Undang Migas bisa menciptakan iklim investasi hilir gas lebih baik lagi. Jadi, swasta bisa bekerjasama dengan BUMN gas dalam membangun infrastruktur gas. 

"Kami ingin infrastruktur terbangun dimana-mana, orang tidak perlu takut kalau berpartisipasi dengan BUMN, imbuhnya."

Kontan, Page-14, Saturday, June 17, 2017

The Masela Development Project Comes Soon

The Masela Block gas development project in Maluku, which has 10.7 trillion cubic feet of gas reserves, will begin shortly after. Special Unit for Upstream Oil and Gas Business Activities has instructed contractors to prepare the initial stages of project planning and design.

The government will help to find buyers of natural gas from the Masela Block. Based on a letter from the Special Rapporteur for Upstream Oil and Gas Business (SKK Migas), the contractor is required to prepare the engineering pre-engineering up to the end (FEED). This activity also includes the projection of the budget required And the procurement of goods and services by direct selection.

"Pre-FEED is being prepared as well as possible with the right way, including financing about this project," said Usman Slamet's Senior Communication Manager at Friday (16/6), in Jakarta.

Inpex Corporation and Shell are the Masela Block developer contractors. Regarding the absorption of natural gas from the Masela Block, Energy and Mineral Resources (EMR) vice minister Arcandra Tahar said the government will help contractors find the buyers of the gas.

"The government will offer who is interested in absorbing natural gas from the Masela Block. The commitment must be a gas sale agreement, not enough if only a memorandum of understanding, "said Arcandra.

Carefully calculate

Executive Director of ReforMiner Institute Komaidi Notonegoro said the certainty of the industry to buy natural gas from Masela Block is important, Gas production is done after there are buyers. Government and investors must be careful

Calculates the gas pipe uptake produced from the Masela Block. The Masela Block contract was signed in 1998.

Inpex from Japan holds 65 percent of the shares and Shell from the Netherlands holds 35 percent. The Masela Block contract expires in 2028. Under the agreement, the government increased the contractor's time or operation period in the Masela Block for seven years in lieu of the change of the Masela Block gas development plan, which was at sea on the ground.

IN INDONESIAN

Proyek Pengembangan Masela Segera di Mulai  

Proyek pengembangan gas Blok Masela di Maluku, yang memiliki cadangan gas 10,7 triliun kaki kubik, segera dimulai setelah sekian lama terkatung-katung. Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi telah memerintahkan kontraktor mempersiapkan tahap awal perencanaan dan desain proyek. 

Pemerintah akan membantu mencarikan pembeli gas bumi dari Blok Masela. Berdasarkan surat dari Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas), kontraktor diminta segera menyiapkan pradesain rekayasa awal sampai akhir (FEED). Kegiatan ini sekaligus mencakup proyeksi anggaran yang dibutuhkan Serta pengadaan barang dan jasa dengan cara pemilihan langsung. 

”Pre-FEED sedang disiapkan sebaik-baiknya dengan cara yang benar, Termasuk soal pembiayaan mengenai proyek ini,” ujar Senior Communication Manager lnpex Corporation Usman Slamet, Jumat (16/6), di Jakarta.

Inpex Corporation dan Shell adalah kontraktor pengembang Blok Masela. Mengenai penyerapan gas bumi dari Blok Masela, wakil menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengatakan, pemerintah akan membantu kontraktor mencarikan pembeli gas tersebut. 

”Pemerintah yang akan menawarkan siapa yang berminat menyerap gas bumi dari Blok Masela. Wujud komitmennya harus berupa perjanjian jual-beli gas, tidak cukup kalau hanya nota kesepahaman,” kata Arcandra. 

Cermat menghitung 

Direktur Eksekutif ReforMiner Institute Komaidi Notonegoro mengatakan, kepastian industri membeli gas bumi dari Blok Masela adalah hal yang penting, Produksi gas dilakukan setelah ada pembeli. Pemerintah dan investor harus cermat menghitung serapan gas pipa yang diproduksi dari Blok Masela. Kontrak Blok Masela ditandatangani pada 1998. 

Inpex dari Jepang menguasai 65 persen saham dan Shell dari Belanda menguasai 35 persen. Kontrak Blok Masela berakhir 2028. Berdasarkan kesepakatan, pemerintah menambah waktu atau masa operasi kontraktor di Blok Masela selama tujuh tahun sebagai pengganti perubahan rencana pengembangan gas Blok Masela, yang semula di laut menjadi di darat. 

Kompas, Page-17, Saturday, June 17, 2017

HCML Sumenep MDA-MBH Field Development Socialization

The Cooperation Contract Contractor (KKKS) of Husky CNOOC Madura Limited (HCML) conducted a further socialization of the MDA-MBH field development to a number of related stakeholders at the ESDM Office of East Java Province on Thursday (15/6).

"We are under contract at this location in 1982-2012 and extended the next 20 years from 2012-2032. Thus, the remaining contract period is about 15 years away. If not immediately produce, then its economic value will be lost. This is a challenge for us.

Nevertheless, social activities to the people of Sumenep we have done, "said Head of Relations HCML Surabaya Hamim Tohari. The socialization was attended by several related institutions, including Regional Military Command V / Brawijaya, Vice President of Naval Force V / Surabaya, East Java Transportation Department, East Java Communication and Information Service, Sumenep Local Government, Environment Agency Sumenep, Transportation Office Sumenep, Bureau Natural Resources Sumenep and several community groups from Sumenep.

IN INDONESIAN

HCML Sosialisasi Pengembangan Lapangan MDA-MBH Sumenep 

Kontraktor Kontrak Kerja Sama (KKKS) Husky CNOOC Madura Limited (HCML) melakukan sosialisasi lanjutan pengembangan lapangan MDA-MBH kepada sejumlah stakeholder terkait di kantor Dinas ESDM Provinsi Jawa Timur, Kamis (15/6) lalu. 

“Kami sudah terikat kontrak di lokasi ini pada 1982-2012 dan diperpanjang 20 tahun ke depan sejak 2012-2032. Sehingga, sisa masa kontrak sekitar 15 tahun lagi. Kalau tidak segera berproduksi, maka nilai keekonomiannya akan hilang. Ini menjadi tantangan bagi kami. 

Meskipun demikian, kegiatan sosial ke masyarakat Sumenep sudah kami lakukan,”kata Head of Relations HCML Surabaya Hamim Tohari. Sosialisasi tersebut dihadiri beberapa instansi terkait, diantaranya Komando Daerah Militer V/Brawijaya, Pangkalan Utama TNI Angkatan Laut V/Surabaya, Dinas Perhubungan Jawa Timur, Dinas Komunikasi dan Informasi Jawa Timur, Pemerintah Daerah Sumenep, Badan Lingkungan Hidup Sumenep, Dinas Perhubungan Sumenep, Biro Sumber Daya Alam Sumenep dan beberapa kelompok masyarakat dari Sumenep. 

Harian Bangsa, Page-4, Saturday, June 17, 2017

Oil, gaslaw revision raises questions about role of regulators

The status quo of two regulatory agencies in charge of the upstream and downstream oil and gas industry has come  into question as the final draft of the oil and gas law revision is being discussed at the House of Representatives’ Legislative Body (Baleg).

The draft foresees the establishment of a new special enterprise (BUK) that will be in charge of making deals with private investors and conducting exploration and exploitation activities. The BUK will also be in charge of managing the downstream sector, which includes the distribution of oil and gas.

The enterprise will essentially take over responsibilities from Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) and the Downstream Oil and Gas Regulatory Agency (BPH Migas).

SKK Migas currently overseas oil and gas contractors’ work plans and budgets, which encompasses exploration and exploitation activities. It was established in 2012 after the Constitutional Court dissolved the Upstream Oil and Gas Executive Agency (BP Migas).

During a meeting with Baleg on Thursday, SKK Migas chairman Amien Sunaryadi said the regulatory body would willingly accept any role given to it under the new law and was hopeful that the new law would help boost investment into the country.

However, he wanted more clarity on the new enterprises role and how it would manage the upstream oil and gas sector. “There needs to be more clarity about the oil and gas BUK. Will it be a corporation that manages its own profits and only pays out dividends to the government. or will it be a government institution that submits all its profits to the government,” he asked, adding that there was also the question of how the new enterprise would generate its revenue.

Unlike SKK Migas, the oil and gas BUK would be able to conduct its own exploration and exploitation activities, currently only done by state-owned and private oil and gas companies.

The draft does not specify which state-owned firm will he merged with SKK Migas and BPH Migas to create the new firm, but oil an gas firm Pertamina is currently the only state company operating in the upstream sector. Oil and gas business players have been waiting almost a decade for legal revisions, with many complaining that existing regulations make upstream investment unappealing.

Convincing oil and gas business players to invest more in the country is essential if the government hopes to meet domestic demand and minimize imports in the future.

Upstream oil and gas investment has continued to decrease. dropping by 24.5 percent to US$12.01 billion in 2016 from $15.9 billion in 2015. The number of oil and gas fields being operated has continued to decline as well, falling to merely 288 fields in 2016 from 321 in 2013.

While the upstream segment clearly remains the focus of the industry, Amien questioned whether the new law would also regulate the midstream segment, which has contributed to high gas prices at the consumer level.

Meanwhile, newly-appoint cd BPH Migas head Fanshurullah Asa, who previously served as the agency’s committee member, said that instead of merging BPH Migas into a new entity, the state should strengthen it, as the country would soon have to start focusing more on the downstream sector, since it’s oil and gas reserves were depleting.

“According to the data we have, oil reserves will be gone in nine years and gas in 15 to 20 years, so sooner or later' our refined fuel reserves will run out. Once that happens, the upstream segment will no longer be the main focus, but the downstream segment will. We will need to manage liquefied natural gas and compressed natural gas imports. So we feel that BPH Migas will still be relevant,” he said. 

The government has predicted that the country will need to start importing gas in 2019 with around 1,672 million metric standard cubic feet per day (mmscfd), and almost twice that amount by 2035.

Jakarta Post, Page-13, Friday, June 16, 2017