Pertamina’s oil Field deal frozen

   Indonesias government decided last month to freeze Pertamina's deal to operate the Mansouri oil field in Iran because it wanted to preserve the country's "good relationship” with the United States, Pertamina's acting chief executive Nicke Widyawati said

Nicke Widyawati

”We have a good relationship with the US, and so, it is on hold," Widyawati told Reuters, adding that the decision came after consultations between Indonesia’s Presidency energy and mines ministry, and Pertamina.

Widyawati made the comments at an event on the sidelines of a global natural gas conference in Washington. She would not say whether the Mansouri project was likely to be revived in the future. The US State Department on Tuesday said it was pushing allies to cut their crude imports from Iran to zero as part o.f renewed sanctions it is imposing after President Donald Trump abandoned a deal reached in late 2015 that limited Tehran's nuclear ambitions.

the Mansouri project

Indonesia, a former Organization of the Petroleum Exporting Countries (OPEC)\member, is becoming a growing energy trading partner with the US, with a 20-year liquefied natural gas supply deal with US exporter Cheniere Energy that begins this year. Widyawati said some portion of early deliveries from that deal would likely be resold by Pertamina’s trading operation, since |ndonesia’s own gas production will likely meet domestic demand until at least 2020.

”Yes, some of it will be resold,” she said.

She said, however, Indonesian gas demand would rise sharply in the coming years -due to new petrochemicals facilities and a gas-fired power plant coming on line

Jakarta Post, Page-14, Thursday, June 28, 2018

Quarter-III, Pertamina Begins to Manage Two Blocks of Termination

PT Pertamina (Persero) will begin officially to eliminate the management of two termination blocks in the third quarter of this year, the Sanga-Sanga Block from August and South East Sumatera Block (SES) starting September. The company's first three year investment commitment in the two blocks reached US $ 367 million.

Upstream Director of Pertamina Syamsu Alam said that so far, the preparation of the Sanga-Sanga Block management transition is going well. At the beginning of this month, his side has organized workers in the Sanga-Sanga Block.

the Sanga-Sanga Block.

"We hope it works well, because we've had some previous experience," he said.

The transfer of management in the South East Sumatera Block also started well. Pertamina continues to evaluate, through the condition of the surface of the soil (surface) and underground (subsurface), to arrange work programs. Because one of the concerns of the company is the level of oil and gas production from this offshore block of South Sumatra.

"The first step is to reduce the decline before it can increase production. Because all age-terminated blocks are mature, so it's not easy to increase production without seeing upside potential as an effort to increase reserves, "he explained.

In these two blocks, Pertamina promised the first three year investment commitment of US $ 367 million. Pertamina will issue an investment of up to US $ 237 million. Referring to the Decree of the Minister of Energy and Mineral Resources (ESDM) regarding the determination of 2018 termination block management, Pertamina is projected to spend US $ 750 thousand in the first year for G & G Study and advance 3D seismic reprocessing.

In the second year, Pertamina will spend up to US $ 105.25 million because it will start drilling wells. In detail, the company will drill one exploration well and 25 exploitation wells, as well as G & G Studies. In the following year, Pertamina will spend US $ 131 million to drill three exploration wells and 29 exploitation wells.

Furthermore, in South Sumatra Offshore Block, Pertamina promised the first three year investment commitment of US $ 130 million. The Company will disburse US $ 13 million in the first year for GGRP / flow unit study, an enhanced oil recovery (EOR) study, 5 well water injection conversion, and 7 Wells workover.

In the second year, the investment will be disbursed US $ 56 million. This fund will be used for 5 well water injection conversion, 3D / 4D 200 square kilometer seismic, 3 well infill drilling, 5 well wellover work, and 2 well field reactivation. In the third year, investments amounting to US $ 61 million, namely for water injection conversion 5 Wells, infill drilling 3 Wells, workover 5 well field reactivation 3 Wells, and EOR pilot 4 areas.

In relation to the exact activities that PHE will undertake this year, PHE Development Director Atif Saifudin once said, it will definitely drill the Well. This is to maintain oil and gas production in the SES Block. Currently, the oil and gas production of the block is recorded at 30 thousand barrels of oil equivalent per day (barrel oil equals per day / BOEPD). Unfortunately, he can not specify how many wells will be drilled.

"Because the drilling plan is divided into several years. We are selective too, if the field is not production, we will close, "he said.

As is known, Pertamina has signed a new production sharing contract (PSC) for South East Sumatera Block and Sanga-Sanga on 20 April. However, the company officially becomes the manager after the existing two-block contract expires. The Sanga-Sanga Block contract will expire on August 7, 2018. Then, the next SES Block contract is completed on September 5th. 

     The government handed over the management of all eight 2018 termination blocks to Pertamina. Furthermore, four oil and gas blocks, namely Tuban Block, Ogan Komexing, Southeast Sumatera, and North Sumatera Offshore, are undertaken by PT Pertamina Hulu Energi. While the management of Sanga-Sanga, Central, and East Kalimantan-Attaka Blocks is held by PT Pertamina Hulu Indonesia.

Find Partners

At the same time, the effective signing of the terminated block termination PSC contract, Pertamina is also looking for partners to work on the eight oil and gas blocks. According to Alam, the bidding process of participation rights starts from the oil and gas block in which the company's PSC is already running effectively. The reason, although the PSC for the ten blocks of oil and gas have been signed, but the contract has not been fully started effectively considering the existing contracts of several oil and gas blocks still apply.

The Company is still preparing criteria from prospective partners and the value of the shares to be released in every oil and gas block. Later, the company will hold a majority stake.

"The termination block 2018-2019 majority ownership of its shares. The remaining partner, "Alam said.

For blocks that have terminated the old contract and the new contract is effective is the Tuban Block, Ogan Komering, and Attaka. However, the management of the Attaka Block is combined with the East Kalimantan Block whose contract will terminate on 24 October. Later, once the contract expires and management switches to Pertamina, the company can offer partnerships in the Sanga-Sanga Block, SES and NSO. The effective termination block participation contract is targeted for completion this year.

"We expect something to be done this year," Alam said.

Djoko said, many oil and gas companies are interested to buy the termination block participation rights offered by Pertamina. Some of the oil and gas blocks of Pertamina that interest other oil and gas companies are Mahakam Block, Sanga-Sanga, East Kalimantan and Jambi Merang.

IN INDONESIA

Kuartal-III, Pertamina Mulai Kelola Dua Blok Terminasi

PT Pertamina (Persero) akan mulai secara resmi mengamhil alih pengelolaan dua blok terminasi pada kuartal ketiga tahun ini, yakni Blok Sanga-Sanga mulai Agustus dan Blok South East Sumatera (SES) mulai September. Komitmen investasi tiga tahun pertama perseroan di dua blok ini mencapai US$ 367 juta.

Direktur Hulu Pertamina Syamsu Alam mengatakan, sejauh ini, persiapan transisi pengelolaan Blok Sanga-Sanga berjalan dengan baik. Pada awal bulan ini, pihaknya sudah menyelenggarakan pekerja di Blok Sanga-Sanga. 

“Kami berharap berjalan dengan baik, karena kami sudah ada beberapa pengalaman sebelumnya,” kata dia.

Pengalihan pengelolaan di Blok South East Sumatera juga dimulai baik. Pertamina terus melakukan evaluasi, melalui kondisi muka tanah (surface) maupun bawah tanah (subsurface), untuk menyusun program kerja. Karena salah satu yang menjadi perhatian perseroan adalah tingkat produksi migas dari blok di lepas pantai Sumatera Selatan ini.

“Langkah awal adalah upaya-upaya untuk mengurangi decline sebelum nantinya mampu meningkatkan produksi. Karena semua blok yang terminasi umurnya memang sudah tua (mature field), jadi tidak mudah untuk meningkatkan produksi tanpa melihat upside potential sebagai upaya penambahan cadangan,” jelasnya.

Di dua blok ini, Pertamina menjanjikan komitmen investasi tiga tahun pertama sebesar US$ 367 juta. Pertamina akan mengeluarkan investasi hingga US$ 237 juta. Mengacu pada Keputusan Menteri Energi dan Sumber Daya Mineral (ESDM) tentang penetapan pengelolaan blok terminasi 2018, Pertamina diproyeksikan akan mengeluarkan dana sebesar US$ 750 ribu di tahun pertama untuk Studi G&G dan advance 3D seismic reprocessing.

Pada tahun kedua, Pertamina akan mengeluarkan dana hingga US$ 105,25 juta karena akan mulai mengebor Sumur. Rincinya, perseroan akan mengebor satu sumur eksplorasi dan 25 sumur eksploitasi, serta Studi G&G. Pada tahun berikutnya, Pertamina akan menggelontorkan US$ 131 juta untuk mengebor tiga Sumur eksplorasi dan 29 Sumur eksploitasi.

Selanjutnya di Blok South Sumatera Offshore, Pertamina menjanjikan komitmen investasi tiga tahun pertama sebesar US$ 130 juta. Perseroan akan mengucurkan US$ 13 juta pada tahun pertama untuk GGRP/flow unit study, Studi pengurasan migas tahap lanjut (enhanced oil recovery/ EOR), water injection conversion 5 sumur, serta workover 7 Sumur.

Selanjutnya di tahun kedua, investasi yang akan dikucurkan sebesar US$ 56 juta. Dana ini akan dipakai untuk water injection conversion 5 sumur, seismik 3D/ 4D 200 kilometer persegi, infill drilling 3 Sumur, workover 5 Sumur, dan field reactivation 2 sumur. Pada tahun ketiga, investasi yang dikeluarkan sebesar US$ 61 juta, yakni untuk water injection conversion 5 Sumur, infill drilling 3 Sumur, workover 5 sumur field reactivation 3 Sumur, dan EOR pilot 4 area.

Terkait kegiatan apa saja pastinya yang akan dikerjakan PHE tahun ini, Direktur Pengembangan PHE Atif Saifudin sempat menuturkan, pihaknya pasti akan melakukan pengeboran Sumur. Hal ini untuk mempertahankan produksi migas di Blok SES. 

     Saat ini, produksi migas blok tersebut tercatat sekitar 30 ribu barel setara minyak per hari (barrel oil equvalent per day/BOEPD). Sayangnya, dia tidak dapat merinci berapa banyak sumur yang akan dibor. 

“Karena rencana pengeboran dibagi beberapa tahun. Kami selektif juga, kalau lapangan sudah tidak produksi, kami akan tutup,” tutur dia. 

Seperti diketahui, Pertamina telah menandatangani kontrak kerja sama (production sharing contract/PSC) baru untuk Blok South East Sumatera dan Sanga-Sanga pada 20 April lalu. Namun, perseroan resmi menjadi pengelola setelah kontrak eksisting dua blok ini berakhir. Kontrak Blok Sanga-Sanga akan berakhir pada 7 Agustus 2018. 

   Kemudian, berikutnya kontrak Blok SES selesai pada 5 September. Pemerintah menyerahkan pengelolaan seluruh delapan blok terminasi 2018 ke Pertamina. Selanjutnya, empat blok migas, yakni Blok Tuban, Ogan Komexing, Southeast Sumatera, dan North Sumatera Offshore, dikerjakan oleh PT Pertamina Hulu Energi. Sementara pengelolaan Blok Sanga-Sanga, Tengah, dan East Kalimantan-Attaka dipegang PT Pertamina Hulu Indonesia. 

Cari Mitra

Bersamaan, mulai efektifnya kontrak PSC blok terminasi yang telah diteken, Pertamina juga mencari mitra untuk menggarap delapan blok migas tersebut. Menurut Alam, proses penawaran hak partisipasi ini dimulai dari blok migas di mana PSC perseroan yang sudah berjalan efektif. Pasalnya, meski PSC untuk sepuluh blok migas itu sudah ditandatangani, namun kontrak belum seluruhnya dimulai secara efektif mengingat kontrak eksisting beberapa blok migas masih berlaku.

Perseroan kini masih menyusun kriteria dari calon mitra dan nilai dari saham yang akan dilepas di setiap blok migas. Nantinya, perseroan akan memegang saham mayoritas. 

“Yang blok terminasi 2018-2019 mayoritas kepemilikan sahamnya. Partner sisanya,” ujar Alam.

Untuk blok yang telah berakhir kontrak lamanya dan kontrak baru berlaku efektif adalah Blok Tuban, Ogan Komering, dan Attaka. Namun, pengelolaan Blok Attaka digabung dengan Blok East Kalimantan yang kontraknya akan terminasi pada 24 Oktober nanti. Nantinya, begitu kontrak berakhir dan pengelolaan beralih ke Pertamina, maka perseroan bisa menawarkan kemitraan di Blok Sanga-Sanga, SES, dan NSO. Penawaran hak partisipasi blok terminasi yang sudah efektif kontrak Pertamina tersebut ditargetkan selesai tahun ini.

“Kami harapkan ada yang bisa selesai tahun ini,” tegas Alam.

Djoko menuturkan, banyak perusahaan migas yang berminat membeli hak partisipasi blok terminasi yang ditawarkan oleh Pertamina. Beberapa blok migas Pertamina yang diminati perusahaan migas lain tersebut adalah Blok Mahakam, Sanga-Sanga, East Kalimantan, dan Jambi Merang.

Investor Daily, Page-9, Thursday, June 28, 2018

Participation Rights have not been shared yet

Desire of Inpex Corporation has the right of participation on Mahakam Block still exist. Talks with PT Pertamina (Persero) as the holder of new participation rights still continues today. Inpex involves the Government of Indonesia in its efforts. Only, they are not willing to disclose the formulation that will be offered to Pertamina.

Inpex Corporation

"If the details we can not comment," said Moch N. Kurniawan, Sr. Specialist Media Relations lnpex Corporation.

So far, Inpex has the right to participate in the Mahakam Block up to 39%. The reference is a government decision which includes an opportunity for Pertamina to partially dispose of the rights of participation to business partners. With the record, the state-owned company remains the holder of majority participation rights with a share of at least 51%.

the Mahakam Block

In addition to the opportunity to partner with business partners, Pertamina is obliged to surrender 10% paritipation rights to regional government owned enterprises (BUMD) owned by the local government in accordance with the Regulation of the Minister of Energy and Mineral Resources (ESDM) no. 37 of 2016. East Kalimantan (East Kalimantan) and Kutai Kartanegara (Kukar) are eligible for that part.

The East Kalimantan Provincial Government has established a BUMD holding a participating interest in the Mahakam block, named PT Migas Mandiri Pratama. The establishment of the company is based on East Kalimantan Provincial Regulation No. 11 of 2009.

Although Mandatory pitched, in fact the transfer process of 10% of the Mahakam Block has not been realized. Although, the management of Migas Mandiri Pratama claims no obstacles.

"Only the internal process of Pertamina and in BUMD only takes longer than expected," said Wahyu Setiaji, President Director of PT Migas

Mandiri Pratama.

As a result, the realization target of the 10% submission of regional participation rights retreat. Migas Mandiri Pratama estimates that the process of transferring the Mahakam block to them can be completed within two months to three months ahead. Previously, the company targeted the process of transferring the rights of participation materialized in the first quarter of 2018.

IN INDONESIA

Hak Partisipasi juga Belum Dibagi

Hasrat Inpex Corporation memiliki hak partisipasi atas Blok Mahakam masih ada. Pembicaraan dengan PT Pertamina (Persero) sebagai pemegang hak partisipasi yang baru masih berlanjut hingga kini.

Inpex melibatkan Pemerintah Indonesia dalam upaya pendekatan tersebut. Hanya, mereka belum bersedia mengungkapkan rumusan yang akan ditawarkan kepada Pertamina. 

"Kalau detilnya kami tidak bisa berkomentar, " kata Moch N. Kurniawan, Sr. Specialist Media Relations lnpex Corporation.

Sejauh ini Inpex berkesempatan memiliki hak partisipasi atas Blok Mahakam hingga 39%. Acuannya adalah keputusan pemerintah yang memuat peluang bagi Pertamina melepas sebagian hak partisipasi kepada mitra bisnis. Dengan catatan, perusahaan milik negara tersebut tetap menjadi pemegang hak partisipasi mayoritas dengan bagian paling sedikit 51%.

Selain peluang menggandeng mitra bisnis, Pertamina berkewajiban menyerahkan 10% hak paritipasi kepada badan usaha milik daerah (BUMD) milik pemerintah daerah setempat sesuai dengan ketentuan Peraturan Menteri Energi dan Sumber Daya Mineral (ESDM) No. 37 tahun 2016. Provinsi Kalimantan Timur (Kaltim) dan Kabupaten Kutai Kartanegara (Kukar) yang berhak atas bagian itu.

Pemerintah Provinsi Kalimantan Timur telah membentuk BUMD pemegang hak partisipasi di Blok Mahakam, bernama PT Migas Mandiri Pratama. Pembentukan perusahaan itu berdasarkan Peraturan Daerah Provinsi Kalimantan Timur Nomor 11 tahun 2009. 

Meski bernada Wajib, nyatanya proses transfer bagian 10% atas Blok Mahakam belum juga terealisasi. Meskipun, manajemen Migas Mandiri Pratama mengklaim tidak menemui kendala. 

"Hanya proses di internal Pertamina dan di BUMD saja yang perlu waktu yang lebih lama dari perkiraan," tutur Wahyu Setiaji, Direktur Utama PT Migas

Mandiri Pratama.

Alhasil, target realisasi penyerahan 10% hak partisipasi daerah mundur lagi. Migas Mandiri Pratama memperkirakan, proses pengalihan bagian Blok Mahakam kepada mereka bisa selesai dalam waktu dua bulan hingga tiga bulan ke depan. Sebelumnya, perusahaan tersebut menargetkan proses pengalihan hak partisipasi terwujud pada kuartal I 2018.

Kontan, Page-14, Thursday, June 28, 2018

The cost of the Ultra In Sea Project is cut in half

Chevron parties want to cut costs so that the development plan is approved

One of Chevron's deep-sea oil and gas projects or Deepwater Development (IDD) projects is entering a new phase. This is in line with the certainty of the proposed development plan or plan of development (PoD) by the company from the United States.

Chevron is finally willing to cut development costs as requested by the Ministry of Energy and Mineral Resources (ESDM) as the main condition of the PoD's approval by the government. The government admits that it is still waiting for the proposal of PoD of the official IDD project from Chevron party no later than June 28, 2018. EMR Deputy Minister of Energy, Arcandra Tahar claimed the IDD project cost cuts are estimated to reach about US $ 6 billion.

"So about US $ 6 billion cutting, was US $ 12.8 billion," said Arcandra.

In other words, the cut is almost half. He said that the cost cutting of Gendalo-Gehem development could not be separated from the lobby and the government's evaluation of the cost structure provided by the Chevron team. The government even conducted cost-cutting talks with the team from headquarters. Chevron in Houston, United States (US).

"The talk since before the fast," said Arcandra.

Actually, the ultra-deepwater PoD in the second phase has actually got the approval of the government in 2008. But over the course of time, in 2013 after the front end engineering design (FEED) stage, the project cost requirement has increased from about US $ 6.9 billion .

     Well, start increasing the price of oil so the reason Chevron made a revision PoD. The company, formerly named Caltex, later revised the PoD by adding Credit Investment request.

When revision of the revised proposal was submitted, the government always refused. That's because the proposal is not complete administratively and Chevron asks for incentives that are not in the contract, namely Credit Investment. Chevron requested credit investment or compensation rights to the government with a very high percentage of 240%. Whereas the maximum investment credit demanded by the Cooperation Contract Contractor (KKKS) is only 100%

Arcandra stressed that IDD project cost cuts are not only caused by world oil prices that are different from when Chevron requested a revision of the previous PoD, when oil prices were in the position of about US $ 100s per barrel. In addition to the financing structure, the main factor of cost cutting is the adoption of the right technology without having to spend the extra cost.

"The main thing is technology, the way that they develop, then commercial technology," said Arcandra.

Despite significant cost cuts, Arcandra ensures gas production from the Gendalo-Gehem field will not be affected. We are looking forward to its realization.

IN INDONESIA

Biaya Proyek Laut Ultra Dalam Dipotong Setengah

Pihak Chevron mau memangkas biaya agar rencana pengembangan disetujui

Salah satu proyek minyak dan gas (migas) ultra laut dalam atau Indonesia Deepwater Development (IDD) yang dikerjakan Chevron memasuki babak baru. Hal ini seiring adanya kepastian pengajuan proposal rencana pengembangan atau plan of development (PoD) oleh perusahaan dari Amerika Serikat tersebut.

Chevron akhirnya bersedia memotong biaya pengembangan seperti permintaan Kementerian Energi dan Sumber Daya Mineral (ESDM) sebagai syarat utama persetujuan PoD oleh pemerintah. Adapun pemerintah mengaku masih menanti proposal PoD proyek IDD resmi dari pihak Chevron paling lambat pada 28 Juni 2018. Wakil Mentreri ESDM, Arcandra Tahar mengklaim pemangkasan biaya proyek IDD diperkirakan mencapai sekitar US$ 6 miliar. 

"Jadi kira-kira sekitar US$ 6 miliar cutting (pemangkasan biaya), tadinya US$ 12,8 miliar," kata Arcandra.

Dengan kata lain, pemotongan hampir separuh. Ia menceritakan, pemangkasan biaya pengembangan Gendalo-Gehem ini tidak lepas dari lobi dan evaluasi pemerintah terhadap struktur biaya yang diberikankan oleh tim Chevron. Pemerintah bahkan melakukan pembicaraan pemangkasan biaya dengan tim dari kantor pusat. Chevron di Houston, Amerika Serikat (AS).

"Pembicaraan sejak sebelum puasa," kata Arcandra. 

Sebenarnya PoD ultra laut dalam tahap kedua ini sebenarnya sudah sempat mendapat persetujuan pemerinfah pada tahun 2008. Namun seiring perjalanan waktu, pada tahun 2013 setelah tahap front end engineering design (FEED), kebutuhan biaya proyek ini meningkat, dari sekitar US$ 6,9 miliar. Nah, mulai meningkatnya harga minyak jadi alasan Chevron melakukan revisi PoD. Perusahaan yang dulu bernama Caltex itu kemudian merevisi PoD tersebut dengan menambahkan permintaan Credit investment.

Saat revisi proposal revisi itu diserahkan, pemerintah selalu menolak. Hal itu karena proposal tidak lengkap secara administrasi dan pihak Chevron meminta insentif yang tidak ada dalam kontrak, yakni Credit Investment. Chevron meminta investment kredit atau hak ganti rugi kepada pemerintah dengan persentase yang sangat tinggi, yakni sebesar 240 %. Padahal maksimal investment credit yang diminta Kontraktor Kontrak Kerja Sama (KKKS) itu hanya sebesar 100% 

Arcandra menegaskan, pemangkasan biaya proyek IDD bukan hanya disebabkan harga minyak dunia yang berbeda dengan saat Chevron meminta revisi PoD sebelumnya, ketika harga minyak berada di posisi sekitar US$ 100an per barel. Selain struktur pembiayaan, faktor utama pemotongan biaya adalah penerapan teknologi yang tepat tanpa harus menghabiskan biaya ekstra. 

"Yang utama itu teknologi, the way that they develop, lalu teknologi komersial," ungkap Arcandra.

Meskipun mengalami pemangkasan biaya cukup signifikan, Arcandra menjamin produksi gas dari lapangan Gendalo-Gehem tidak akan terpengaruh. Layak kita tunggu realisasinya.

Kontan, Page-14, Thursday, June 28, 2018

Project Tangguh Train 3 Continues to Target

The completion of the Tangguh Train 3 project is believed to be on target, ie 2020. It follows the arrival of a jacket or key infrastructure in the development of Train 3 which became the main milestone for the development of one of the largest liqufied natural gas (LNG) facilities in Indonesia by BP Indonesia. The 1,900-ton infrastructure was sent from Karimun Yard, Riau Islands Province to Bintuni Bay for 18 days.

Vice President of BP Asia Pacific Project Niall Maguire said the jacket sent to Bintuni Bay or the location of the Tangguh Train 3 project is an important milestone in Tangguh's expansion.

"We can build confidence in achieving the next milestone in this project," said Niall.

After the jacket arrives, the next step is to look forward to the arrival of a platform that is indeed a package in the construction of this project. The Tangguh Train 3 project target will be completed by 2020. Later Train 3 will have capacity or production capability reaching 3.8 million tons per annmum (mtpa).

The addition of capacity from Train 3 will make the total LNG processing capacity in Tangguh reach 11.4 mtpa. The project will also add two offshore platforms, 13 new production wells, a new LNG loading dock, and other supporting infrastructure. 

      Gas production from Train 3 will be mostly or approximately 75 percent will be purchased by PT Perusahaan Listrik Negara (PLN) as raw material for gas powered power plants. In addition to PLN, it has also been allocated as much as 20 million cubic feet per day (mmscfd) for the electricity needs of the West Papua Region. BP holds 37.16% of management rights in the Tangguh project.

IN INDONESIA

Proyek Tangguh Train 3 Berlanjut Sesuai Target

Penyelesaian proyek Tangguh Train 3 diyakini masih sesuai target, yakni tahun 2020. Hal itu menyusul tibanya jacket atau infrastruktur utama dalam pengembangan Train 3 yang menjadi milestone utama pengembangan salah satu fasilitas liqufied natural gas (LNG) paling besar di Indonesia oleh BP Indonesia. Infrastruktur seberat 1,900 ton itu dikirim dari Karimun Yard, Provinsi Kepulauan Riau menuju Teluk Bintuni dengan menempuh waktu selama 18 hari.

Vice President Proyek BP Asia Pasifik Niall Maguire mengatakan, jacket yang dikirim menuju teluk Bintuni atau lokasi pengerjaan proyek Tangguh Train 3 merupakan milestone penting dalam ekspansi Tangguh. 

"Kami bisa membangun kepercayaan diri dalam mencapai milestone berikutnya di proyek ini," kata Niall.

Setelah jacket tiba, tahap selanjutnya adalah menantikan kedatangan platform yang memang merupakan satu paket dalam konstruksi proyek ini. Targetnya Proyek Tangguh Train 3 akan selesai tahun 2020. Nantinya Train 3 akan memiliki kapasitas atau kemampuan produksi mencapai 3,8 million tons per annmum (mtpa).

Penambahan kapasitas dari Train 3 akan membuat total seluruh kapasitas pengolahan LNG di Tangguh mencapai 11,4 mtpa. Proyek ini juga akan menambahkan dua anjungan lepas pantai, 13 sumur produksi baru, dermaga pemuatan LNG baru, dan infrastruktur pendukung lain. 

     Produksi gas dari Train 3 nantinya sebagian besar atau sekitar 75% akan dibeli PT Perusahaan Listrik Negara (PLN) sebagai bahan baku pembangkit listrik bertenaga gas. Selain PLN, juga telah dialokasikan sebesar 20 juta kaki kubik per hari (mmscfd) untuk kebutuhan listrik Wilayah Papua Barat. BP memegang 37,16% hak kelola di proyek Tangguh.

Kontan, Page-14, Thursday, June 28, 2018

Chevron Cuts Costs

Chevron Indonesia Company Ltd. will cut the operating and development costs of Indonesia's Deep Water Development (IDD) project in Gendalo-Gehem Field to US $ 6.8 billion.

Under the initial plan, Gendalo-Gehem's operating and development expenses stood at US $ 12.8 billion. Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar said it was discussing with Chevron when visiting Houston, United States (US). As a result of the visit, the US company agreed to cut IDD project development costs.

"Thus, the cost of state cost recovery on IDD projects will decrease by approximately US $ 6 billion," he said.

Arcandra said, it has not received a detailed proposal related to the revision of the plan of development (PoD) of the deep sea.

"Later, on June 28, 2018 will see the exact figure of cutting the cost of development of IDD by Chevron," he said.

Until May 2018, the realization of cost recovery is worth US $ 4.7 billion or 47% and the target of APBN 2,018 worth US $ 10.1 billion. On the other hand, Senior Vice President of Government Policy and Public Affairs of Chevron Indonesia Yanto Sianipar said, The study and the concept of feasibility of engineering and design work or pre-font end engineering and design (pre-FEED) on IDD project have started well. It has been pre-FEED since December 2017.

"We have also optimized the concept of development and simplification of the design basis. It makes an indication of significant reductions in development and operational costs, "he told Bisnis.

In the SKK Migas data, Chevron's Managed IDD Gendalo and Gehem project will start operations in 2024 and 2025. IDD Gendalo is estimated to have approximately 500 million cubic feet of gas per day (MMscfd) while Gehem 420 MMscfd. Arcandra mentions that Chevron will submit an IDD proposal without special conditions.

"The IDD renewal time will depend on the Chevron given PoD, interesting or not," he said.

The Ministry of Energy and Mineral Resources was intent on cutting the cost of developing oil and gas fields more efficiently. This is to make the return of oil and gas production cost does not rise too high. Previously, the ESDM Ministry has cut development costs at Merakes Square. Eni, manager of Merakes Field, agreed to cut costs by about US $ 200 million to about US $ 1.03 billion compared with US $ 1.2 billion previously.

In addition, the ESDM Ministry also requested Kasuri Block manager to conduct third party audits. This is done to see the cost of drilling and other development. The government does that does not mean that the cost of developing Kasuri Block is too high, but for verification it will be fairer.

MAKASSAR STRAIT

Chevron will also submit a proposal for a new Makassar Strait contract along with the submission of POD at the deep-sea oil and gas project in Makassar Strait. The contract scheme for Makassar-Strait will then use the gross split share. Arcandra said the development plans of IDD and Makassar Strait will be different. Later, Chevron will file the POD of the two blocks differently.

"However, in the implementation there may be a synergized, but still must be submitted one by one," he said.

Makassar Strait is one of the oil and gas blocks that will terminate by 2020. In addition to Makassar Strait, there are five other blocks to terminate, namely South Jambi B block will be managed by Petrochina, Brantas Block managed by Lapindo, Malacca Strait managed by EMR Salawati and Bird Head will be managed by Petrogas.

The other five blocks have obtained the terms and conditions of new contracts with the gross profit sharing scheme of the ESDM Ministry. The five block termination managers established a total commitment of US $ 291.52 million. In detail, the exact commitment of Brantas Block worth US $ 115.55 million, Malacca Strait US $ 45.75 million, South Jambi B worth US $ 32.75 million, Bird Head US $ 61.22 million and Salawati worth US $ 36 , 25 million.

IN INDONESIA

Chevron Pangkas Biaya

Chevron Indonesia Company Ltd. akan memangkas biaya operasional dan pengembangan proyek minyak dan gas bumi laut dalam atau Indonesia deep water development (IDD) di Lapangan Gendalo-Gehem menjadi US$ 6,8 miliar.

Berdasarkan rencana awal, biaya operasional dan pengembangan Gendalo-Gehem mencapai US$12,8 miliar. Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengatakan, pihaknya berdiskusi dengan Chevron ketika berkunjung ke Houston, Amerika Serikat (AS). Hasil dari kunjungan itu, perusahaan dari AS itu setuju untuk memangkas biaya pengembangan proyek IDD.

“Dengan begitu, beban cost recovery [biaya produksi] negara pada proyek IDD akan berkurang sekitar US$6 miliar,” ujarnya.

Arcandra menuturkan, pihaknya belum mendapatkan proposal detail terkait dengan revisi rencana pengembangan (plan of development/PoD) laut dalam tersebut. 

“Nanti, pada 28 Juni 2018 akan terlihat angka pasti pemangkasan biaya pengembangan IDD oleh Chevron tersebut,” tuturnya.

Sampai Mei 2018, realisasi cost recovery senilai US$4,7 miliar atau 47% dan target APBN 2.018 senilai US$10,1 miliar. Di sisi lain, Senior Vice President Policy Government and Public Affairs Chevron Indonesia Yanto Sianipar mengatakan, Studi dan konsep kelayakan pekerjaan keteknikan dan desain atau pre-font end engineering and design (pre-FEED) pada proyek IDD telah dimulai dengan baik. Pihaknya telah melakukan pre-FEED sejak Desember 2017.

“Kami pun telah melakukan optimalisasi konsep pengembangan dan penyederhanaan basis rancangan. Hal itu membuat ada indikasi pengurangan biaya pengembangan dan operasional yang signifikan,” ujarnya kepada Bisnis.

Dalam data SKK Migas, Proyek IDD Gendalo dan Gehem yang dikelola oleh Chevron akan mulai beroperasi pada 2024 dan 2025. IDD Gendalo diperkirakan memiliki produksi gas bumi sekitar 500 juta kaki kubik per hari (MMscfd), sedangkan Gehem 420 MMscfd. Arcandra menyebutkan bahwa Chevron akan menyerahkan proposal IDD tanpa syarat-syarat khusus. 

“Waktu perpanjangan IDD akan tergantung PoD yang diberikan Chevron, menarik atau tidak,” sebutnya.

Kementerian ESDM pun tengah gencar untuk bisa memangkas biaya pengembangan lapangan migas lebih efisien lagi. Hal itu demi membuat tingkat pengembalian biaya produksi migas tidak naik terlalu tinggi. Sebelumnya, Kementerian ESDM sudah memangkas biaya pengembangan di Lapangan Merakes. Eni, pengelola Lapangan Merakes, setuju memangkas biaya sekitar US$ 200 juta menjadi sekitar US$ 1,03 miliar dibandingkan dengan sebelumnya senilai US$ 1,2 miliar.

Selain itu, Kementerian ESDM juga meminta pengelola Blok Kasuri untuk melakukan audit pihak ketiga. Hal itu dilakukan untuk melihat biaya pengeboran dan pengembangan lainnya. Pemerintah melakukan hal itu bukan berarti menilai biaya pengembangan Blok Kasuri terlalu tinggi, tetapi untuk verifikasi biar lebih adil.

MAKASSAR STRAIT

Chevron juga akan mengajukan proposal untuk kontrak baru Makassar Strait bersamaan dengan pengajuan POD di proyek migas laut dalam di Selat Makassar. Skema kontrak untuk Makassar-Strait nantinya menggunakan bagi hasil kotor atau gross split. Arcandra mengatakan, rencana pengembangan IDD dan Makassar Strait akan berbeda. Nanti, Chevron akan mengajukan POD kedua blok itu secara berbeda.

“Namun, dalam pelaksanaannya mungkin akan ada yang disinergikan, tetapi tetap harus di-submit satu per satu,” ujarnya.

Makassar Strait adalah salah satu blok migas yang akan terminasi pada 2020. Selain Makassar Strait, ada lima blok lain yang akan terminasi, yakni Blok South Jambi B akan dikelola oleh Petrochina, Blok Brantas dikelola oleh Lapindo, Malacca Strait dikelola oleh EMR Salawati dan Kepala Burung akan dikelola oleh Petrogas.

Kelima blok lain sudah mendapatkan ketentuan dan syarat (term and condition) kontrak baru dengan skema bagi hasil kotor dari Kementerian ESDM. Pengelola lima blok terminasi itu menetapkan komitmen pasti secara total US$ 291,52 juta. Secara rinci, komitmen pasti Blok Brantas senilai US$ 115,55 juta, Malacca Strait US$ 45,75 juta, South Jambi B senilai US$ 32,75 juta, Kepala Burung US$ 61,22 juta, dan Salawati senilai US$ 36,25 juta. 

Bisnis Indonesia, Page-26, Thursday, June 28, 2018

The Jumbo Oil and Gas Project is Operating Sluggishly

A number of large-scale oil and gas projects have started to operate. However, the progress of these big projects is still very slow. One of the major projects that are expected to go ahead is the ultra marine project in Indonesia's second phase Deep Water Development (IDD) alias for Field Square Gendalo and Gehem.

Director General of Oil and Gas at the Ministry of Energy and Mineral Resources Djoko Siswanto said the Gendalo-Gehem plan of development (POD) proposal will be submitted in June 2018.

"We are waiting for his proposal," said Djoko, last weekend.

According to the Head of Program and Communications Division of Wisnu Prabawa Taller, the Head of Program and Communications Division of Wisnu Prabawa Taller, the Gendalo-Gehem project is still in pre-end engineering (pre feed) stage and is expected to be completed this week.

"Hopefully next week conclude," said Vishnu.

In addition to the Gendalo-Gehem project, the Masela Block project is also very slow. Wisnu said that the Masela Block project is still in prefeed stage. Mohammad Berli, Advisor Corp. Service & Act. Senior Manager of Corporote Responsibility Inpex Indonesia, said that the pre-feed target of Masela Block is completed by the end of 2018. 

Masela Block

     Hence, Inpex has not yet acquired land for LNG plant location. In fact, Inpex has not yet determined the exact location of the Masela Block Liquefied Natural Gas (LNG) will be built in West Southeast Maluku.

"The location of the refinery has not been determined and we are currently conducting a pre-feed survey," Berly said.

LNG plant location determination will be determined after pre feed is completed. According to Berly, pre-feed is the key step needed to formulate the revision of POD 1 (first development plan) to be submitted to the Government of Indonesia to continue the development of the Abadi LNG project.

"Pre feed will consider and formulate the basic requirements for the design of refineries and other facilities The analysis of pre feed results also examines the potential location of refinery development in West Southeast Maluku," he said.

Adapted East Natuna Block also has not started after Pertamina abandoned its partner, namely ExxonMobil, Petronas and PTT EP Thailand. East Natuna is a jumbo gas project with 46 trillion cubic feet (tcf) gas reserves. Pertamina is still looking for new partners.

IN INDONESIA

Proyek Migas Jumbo Beroperasi Lamban

Sejumlah proyek migas skala besar sudah mulai beroperasi. Namun, kemajuan proyek-proyek besar tersebut masih sangat lambat. Salah satu proyek besar yang diharapkan segera berjalan adalah proyek ultra laut dalam alias Indonesia Deep Water Development (IDD) tahap kedua untuk Lapangan Lapangan Gendalo dan Gehem. 

Direktur Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral (ESDM) Djoko Siswanto mengatakan, proposal plan of development (POD) Gendalo-Gehem akan diajukan pada Juni 2018 ini. 

"Kami sedang menunggu proposalnya," jelas Djoko, akhir pekan lalu.

Menurut Kepala Divisi Program dan Komunikasi Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Wisnu Prabawa Taller, proyek Gendalo-Gehem masih dalam tahap pre front end engineering design (pre feed) dan diharapkan bisa selesai pekan ini.

"Mudah-mudahan pekan depan conclude," kata Wisnu.

Selain proyek Gendalo-Gehem, proyek Blok Masela juga sangat lambat. Wisnu mengungkapkan, proyek Blok Masela juga masih dalam tahapan prefeed. Mohammad Berli, Advisor Corp Service & Act. Senior Manager Corporote Responsibility Inpex Indonesia mengatakan, target pre feed Blok Masela selesai pada akhir tahun 2018. 

     Makanya sampai saat ini Inpex belum melakukan pembebasan lahan untuk lokasi kilang LNG. Bahkan, Inpex belum menentukan lokasi tepatnya kilang liquefied natural gas (LNG) Blok Masela akan dibangun di Maluku Tenggara Barat. 

"Lokasi kilang belum ditentukan. Saat ini kami melakukan survei pre feed,” ujar Berly.

Penentuan lokasi kilang LNG akan ditentukan setelah pre feed selesai. Menurut Berly, pre-feed adalah langkah kunci yang diperlukan untuk merumuskan revisi POD 1 (rencana pembangunan pertama) yang akan diserahkan ke Pemerintah Indonesia untuk melanjutkan pengembangan proyek LNG Abadi. 

"Pre feed akan mempertimbangkan dan merumuskan syarat dasar untuk desain kilang dan fasilitas lain. Analisis hasil pre feed juga mengkaji potensi lokasi pembangunan kilang di Maluku Tenggara Barat," ujarnya. 

Adapan Blok East Natuna juga belum dimulai setelah Pertamina ditinggal patnernya, yakni ExxonMobil, Petronas dan PTT EP Thailand. East Natuna adalah proyek gas jumbo dengan cadangan gas 46 trilion cubic feet (tcf). Pertamina masih mencari mitra baru.

Kontan, Page-14, Tuesday, June 26, 2018.

Petronas: No Arbitration on Kepodang

Petronas Carigali finally opened a vote related to the compensation issue in the gas transportation agreement contract with PT Perusahaan Gas Negara Tbk (PGN) in Kepodang Field Blok Muriah. 

     Manono Setiawan, Manager of Corporal Affairs & Administration, Petronas Carigali, said that Petronas has not received any information related to PGN's move to sue Petronas for arbitration because it has not paid ship or pay liability of US $ 32 million. According to Andiono, Petronas has followed the agreement in the gas transportation agreement.

Muriah Block - Petronas

"We have not received any official notification from PGN for arbitration and certainly we always follow what is in the agreement," said Andiono

However, he did not confirm the amount of ship or pay obligations paid by Petronas to PGN.

"In principle we follow what is in the agreement," he explained.

As is known, PGN until now still still not get compensation and Petronas due to the majestic conditions in Kepodang Field. The total compensation that should have been paid in accordance with the mechanism of ship or pay contracts reached approximately US $ 32 million. 

     Director of PGN Infrastructure and Technology Dilo Seno Widagdo said PGN will settle the compensation problem through arbitration.

"Petronas has not paid the terms of the gas contract and we continue to arbitase," Dilo said on Friday (22/6).

IN INDONESIA

Petronas: Belum Ada Arbitrase atas Kepodang

Petronas Carigali akhirnya buka suara terkait masalah ganti rugi dalam kontrak gas transportation agreement dengan PT Perusahaan Gas Negara Tbk (PGN) di Lapangan Kepodang Blok Muriah. 

     Manajer Corpopate Affairs & Administration Petronas Carigali Andiono Setiawan mengatakan, Petronas sampai saat ini belum mendapatkan informasi terkait langkah PGN yang akan menuntut Petronas kepengadilan arbitrase karena belum membayar kewajiban ship or pay sebesar US$ 32 juta. Menurut Andiono, Petronas telah mengikuti perjanjian dalam gas transportation agreement . 

"Kami belum menerima pemberitahuan resmi dari PGN untuk arbitrase dan yang pasti kami selalu mengikuti apa yang ada di dalam perjanjian," ujar Andiono

Namun ia tidak menegaskan jumlah kewajiban ship or pay yang telah dibayarkan oleh Petronas kepada PGN.

“Pada prinsipnya kami mengikuti apa yang ada di dalam perjanjian," terangnya. 

Seperti diketahui, PGN hingga saat ini masih belum juga mendapatkan ganti rugi dan Petronas akibat kondisi kahar di Lapangan Kepodang. Total ganti rugi yang seharusnya sudah dibayar sesuai mekanisme kontrak ship or pay mencapai sekitar US$ 32 juta. 

     Direktur Infrastruktur dan Teknologi PGN Dilo Seno Widagdo menyebut, PGN akan menyelesaikan permasalah ganti rugi tersebut melalui jalur arbitrase. 

"Petronas belum membayar sesuai ketentuan kontrak gas. Kami lanjutkan ke arbitase," tegas Dilo, Jumat (22/6).

Kontan, Page-14, Tuesday, June 26, 2018.