Chevron Indonesia Awaits the Giant Block Offer

PT Chevron Pacific Indonesia is still awaiting a large-scale oil and gas working area from the government to continue the business of the oil and gas company from the United States. Chevron has released Block East Kalimantan and Attaka and Makassar Strait this year. In addition, one of the largest oil and gas working areas in Indonesia, the Rokan Block, will be transferred to PT Pertamina (Persero) in August 2021. Therefore, Chevron will only develop deepwater oil and gas (IDD) projects in Indonesia.

the East Kalimantan Block

On October 24, 2018, Chevron Pacific Indonesia handed over the management of the East Kalimantan Block and Attaka to Pertamina. Chevron Indonesia's Senior Vice President of Policy Government and Strategic Affairs Yanto Sianipar said, the oil and gas company from the US still wanted to find opportunities to manage new oil and gas working areas and maintain existing businesses in Indonesia.

"All bids can certainly be seen, the government will also continue to offer tenders for oil and gas working areas," he said.

According to him, Chevron has not been interested in several oil and gas blocks auctioned by the government. If comparing the performance of the Rokan Block with the average oil production above 200,000 barrels per day, he said, there has been no discovery of oil and gas blocks at the level of Rokan. The average production of Rokan block daily as of September 2018 was 210,582 barrels per day (bpd), which topped national oil production.

Rokan block

"Yes, indeed the situation is right now, there is no work area that is the same size as the Cepu Block. "We are just waiting for the giant block offer from the government," he said.

In addition to the success of Chevron managing Rokan, through its subsidiary, Chevron Indonesia Company (CICO) has demonstrated the success of managing the East Kalimantan-Attaka work area. However, at this time, the East Kalimantan-Attaka Block, which began to be managed by Pertamina under the lowest production conditions. Under these conditions, Pertamina is automatically required to withstand the rate of decline in production of the work area by planning 10 red working wells and 59 repairs of oil and gas wells estimated to produce 13,291 bpd of oil and 73.3 MMscfd of gas.

IN INDONESIAN

Chevron Indonesia Tunggu Penawaran Blok Raksasa

PT Chevron Pacific Indonesia masih menunggu wilayah kerja minyak dan gas bumi skala besar dari pemerintah untuk melanjutkan bisnis perusahaan migas asal Amerika Serikat tersebut di Tanah Air. Chevron telah melepas Blok East Kalimantan dan Attaka serta Makassar Strait pada tahun ini. Selain itu, salah satu wilayah kerja migas terbesar di Indonesia, Blok Rokan, akan dialihkan ke PT Pertamina (Persero) pada Agustus 2021. Oleh karena itu, Chevron hanya akan mengembangkan proyek migas laut dalam (Indonesia deepwater development/IDD) di Indonesia.

Pada 24 Oktober 2018, Chevron Pacific Indonesia menyerahkan pengelolaan Blok East Kalimantan dan Attaka kepada Pertamina. Senior Vice President Policy Goverment and Strategic Affairs Chevron Indonesia Yanto Sianipar mengatakan, perusahaan migas dari AS itu masih ingin mencari peluang untuk mengelola wilayah kerja migas baru dan mempertahankan bisnis yang sudah ada di Indonesia.

“Semua tawaran tentu bisa dilihat, pemerintah juga akan terus menawarkan tender wilayah kerja migas,” tuturnya.

Menurutnya, Chevron belum tertarik dengan beberapa blok migas yang dilelang pemerintah. Jika membandingkan dengan performa Blok Rokan dengan rerata produksi minyak di atas 200.000 barel per hari, katanya, belum ada lagi penemuan blok migas selevel Rokan. Rerata produksi harian Blok Rokan hingga September 2018 sebesar 210.582 barel per hari (bph) menduduki urutan teratas produksi minyak nasional. 

“Ya memang sekarang keadaannya begitu, wilayah kerja yang ukurannya setara Blok Cepu belum ada. Ya kami menunggu tawaran blok raksasa dari pemerintah saja,” katanya.

Selain keberhasilan Chevron mengelola Rokan, lewat anak usahanya, Chevron Indonesia Company (CICO) telah menunjukkan keberhasilan mengelola wilayah kerja East Kalimantan-Attaka. Namun, saat ini, Blok East Kalimantan-Attaka, yang mulai dikelola oleh Pertamina dalam kondisi produksi di titik terendah. Dengan kondisi tersebut, otomatis Pertamina diwajibkan untuk menahan laju penurunan produksi wilayah kerja tersebut dengan merencanakan 10 sumur kerja ulang dan 59 perbaikan sumur migas yang diestimasi dapat menghasilkan minyak 13.291 bph dan gas sebanyak 73,3 MMscfd. 

Bisnis Indonesia, Page-24, Monday, Oct 29, 2018

Pertamina Officially Manages Chevron Blocks

Slowly but surely, PT Pertamina began taking management of oil and gas blocks belonging to foreign contractors. Previously, Pertamina took over the Mahakam Block from Total EP, now Pertamina is taking the East Kalimantan-Attaka Block from Chevron Indonesia Company (CICO).

After 50 years of managing the East Kalimantan-Attaka Block, based on the production sharing contract (PSC), the CICO contract expired on Wednesday (24/10). Furthermore, the subsidiary of PT Pertamina Hulu Indonesia (PHI), namely PT Pertamina Hulu East Kalimantan (PHKT) manages East Kalimantan-Attaka for the next 20 years, namely from October 25, 2018 to October 24, 2038.

Upstream Indonesian Pertamina President Director Bambang Manumayoso said, currently East Kalimantan-Attaka is already in the production phase "V" or the fifth phase aka the advanced decline stage. So that his party will conduct an exploratory study to look for new potential, while at the same time holding back the oil and gas block production rate so that it does not decline too far.

"The first three years consist of two exploration study packages. This is the fifth phase, so it's already advanced. So we are rejuvenating with exploration and new development," Bambang said in East Kalimantan-Attaka's handover event.

the East Kalimantan-Attaka Block

For this reason, Pertamina plans 10 workovers and 59 well services, which are estimated to be 13,291 barels of oil per day (bopd) of oil per day and 73.3 million standard cubicfeet per day (mmscfd). Meanwhile, in 2019, three wells will be planned for drilling in the fourth quarter, 37 workovers and 308 well services, which are projected to have an average oil and gas production per day of 10,639 bopd and 59.4 mmscfd.

Pertamina has budgeted a definite commitment of investment for the first three years of US $ 79.3 million which will be taken from internal cash. The East Kalimantan Block Attaka has 15 fields, namely Attaka, Melangin, Kerindingan, Medium, Cow, Santan, Sepinggan, Sedandang, Seguni, Sejadi, Yakin, Mahoni, Bangkirai, Seturian and Beaches.

Bambang said, East Kalimantan-Attaka is one of the three ex termination blocks handled by Pertamina. The other two are Mahakam and Sanga-Sanga. Bambang said, for the size of the block that is quite old, East Kalimantan-Attaka production is still relatively high. However, for the contribution of national production to Pertamina, this is not significant, which is around 5%.

"So it is not very significant in the national context," said Bambang.

As for the contribution to Pertamina Hulu Indonesia, Bambang said, the East Kalimantan Block-Attaka was not much different from the Sanga-Sanga block. which is around 10% -15%. While the biggest contribution is still from the Mahakam Block. But he did not give the details. One thing is certain, next week it will hold a workshop for the three managers to look for new exploration lands.

"We will start next week, we will meet, namely PHM (Mahakam), Sanga-Sanga, and PHKT for the Workshop looking for new exploratory land," said Bambang.

East Kalimantan Block - Attaka is part of the assignment obtained by the Pertamina Group from the Ministry of Energy and Mineral Resources (ESDM). In detail, Pertamina manages eight contract-term blocks (terminations) in 2018 and two termination blocks in 2019, Pertamina invested US $ 693 million in these 10 blocks for three years.

IN INDONESIAN

Pertamina Resmi Kelola Blok Chevron

Perlahan tapi pasti, PT Pertamina mulai mengambil pengelolaan blok migas milik kontraktor asing. Sebelumnya, Pertamina mengambilalih Blok Mahakam dari Total EP, kini Pertamina mengambil Blok East Kalimantan-Attaka dari Chevron Indonesia Company (CICO).

Setelah 50 tahun mengelola Blok East Kalimantan-Attaka, berdasarkan production sharing contract (PSC), maka kontrak CICO telah berakhir pada Rabu (24/10). Selanjutnya, anak usaha PT Pertamina Hulu Indonesia (PHI), yakni PT Pertamina Hulu Kalimantan Timur (PHKT) mengelola East Kalimantan-Attaka Selama 20 tahun ke depan, yakni sejak 25 Oktober 2018 hingga 24 Oktober 2038.

Direktur Utama Pertamina Hulu Indonesia Bambang Manumayoso bilang, saat ini East Kalimantan-Attaka sudah berada di fase produksi "V" atau fase kelima alias tahap decline lanjut. Sehingga pihaknya akan melakukan studi eksplorasi untuk mencari potensi baru, sekaligus menahan laju produksi blok migas ini agar tidak menurun terlalu jauh. 

"Tiga tahun pertama terdiri dari dua paket studi eksplorasi. Ini sudah fase kelima, jadi sudah lanjut. Makanya kami melakukan peremajaan dengan eksplorasi dan new development," kata Bambang dalam acara serah terima East Kalimantan-Attaka.

Untuk itu, Pertamina merencanakan 10 workover dan 59 well services yang diestimasi untuk rata-rata produksi per hari sebesar 13.291 barels of oil per day (bopd) minyak dan 73,3 million standard cubicfeet per day (mmscfd). Sedangkan pada tahun 2019 rencananya akan dilakukan pengeboran tiga sumur pada kuartal ke IV, 37 workover dan 308 well services yang diproyeksikan rata-rata produksi migas per hari sebesar 10.639 bopd dan 59,4 mmscfd.

Pertamina menganggarkan komitmen pasti investasi selama tiga tahun pertama sebesar US$ 79,3 juta yang akan diambil dari kas internal. Adapun Blok East Kalimantan Attaka ini memiliki 15 lapangan, yakni Attaka, Melangin, Kerindingan, Sedang, Sapi, Santan, Sepinggan, Sedandang, Seguni, Sejadi, Yakin, Mahoni, Bangkirai, Seturian dan Pantai.

Bambang bilang, East Kalimantan-Attaka adalah satu dari tiga blok eks terminasi yang ditangani Pertamina. Dua lainnya adalah Mahakam dan Sanga-Sanga. Bambang mengungkapkan, untuk ukuran blok yang sudah cukup tua, produksi East Kalimantan-Attaka masih tergolong tinggi. Namun untuk kontribusi produksi secara nasional kepada Pertamina, hal itu tidak signifikan, yakni sekitar 5%. 

"Jadi tidak signifikan sekali dalam konteks nasional," ungkap Bambang. 

Sedangkan untuk kontribusi terhadap Pertamina Hulu Indonesia, Bambang bilang, Blok East Kalimantan-Attaka tidak jauh berbeda dengan blok Sanga-Sanga. yakni sekitar 10%-15%. Sedangkan kontribusi terbesar masih dari Blok Mahakam. Namun dia tidak memberikan angka detailnya. Satu hal yang pasti, pada pekan depan pihaknya akan menggelar workshop untuk pengelola ketiganya guna mencari lahan-lahan eksplorasi baru.

"Kami akan memulai pada minggu depan, kami akan bertemu, yakni PHM (Mahakam), Sanga-Sanga, dan PHKT untuk Workshop mencari lahan lahan new eksploraion," ungkap Bambang.

Blok East Kalimantan-Attaka merupakan bagian dari penugasan yang didapatkan Grup Pertamina dari Kementerian Energi dan Sumber Daya Mineral (ESDM). Perinciannya, Pertamina mengelola delapan blok habis masa kontrak (terminasi) pada 2018 dan dua blok terminasi di tahun 2019, Pertamina menginvestasikan US$ 693 juta di 10 blok ini selama tiga tahun. 

Kontan, Page-14, Friday, Oct 26, 2018

Production of the Old Block is Maintained

Pertamina took over management of Blok East. Kalimantan-Attaka and Chevron. This year, oil production from this block is expected to be 13,291 barrels per day.

PT Pertamina (Persero) will try to maintain the oil and gas production of Blok East Kalimantan-Attaka in East Kalimantan following the block's management from Chevron. The block, which is located off the east coast of Kalimantan, has been managed by Chevron for 50 years.

This year, oil production from the block is expected to be 13,291 barrels per day, while gas production is 73.3 million standard cubic feet per day. Since it was exploited 50 years ago, the block which was contracted on October 24, 2018 has produced 1 billion barrels of crude oil and 3 trillion cubic feet of natural gas.

the East Kalimantan Attaka Block

The government decided to manage the East Kalimantan Attaka Block to Pertamina. This block is part of eight blocks terminated in 2018, all of which are given to Pertamina. Seven other blocks include Ogan Komering, Sanga-sanga, Tuban, Tengah, Southeast Sumatra, and North Sumatra Offshore.

Managing Director of PT Pertamina Hulu Indonesia (PHI) Bambang Manumayoso said the challenge of managing old oil and gas blocks was to maintain production. With a production age of 50 years, the decline in production is natural and natural. It is trying to reduce the production in the East Kalimantan Block - Attaka is not too drastic.

"This year, we are planning a program of working over 10 wells and 59 well service," Bambang said in Balikpapan.

Investment

Next year, it plans to drill 3 wells, 37 re-working wells and 308 wells. With the program, the expected production is 10,639 barrels of oil per day and natural gas as much as 59.4 million standard cubic feet per day. The investment value issued by the IRC until 2020 was 79.3 million US dollars. East Kalimantan-Attaka Block Operation was carried out by PT Pertamina Hulu East Kalimantan which was a subsidiary of PHI.

The PHI was formed by Pertamina specifically to manage oil and gas blocks resulting from termination. Head of the Special Task Force for Upstream Oil and Gas Business Activities Amien Sunaryadi added, until 2026, there were 22 oil and gas blocks whose contracts expired.

This year, the decision on contracts that expire until 2023 will be decided on the continuation of the management of oil and gas block contracts resulting from termination using a gross split scheme (profit sharing based on gross production). 

      Meanwhile, President Director of PT Chevron Pacific Indonesia Albert Simanjuntak said, as many as 727 East Kalimantan-Attaka Block employees who previously worked under Chevron, automatically switched under Pertamina.

Indonesia faces oil and gas production deficits following high demand compared to domestic production. The oil and gas block from the termination submitted to Pertamina is expected to reduce the deficit. Production is ready to sell (lifting) oil in the first half of 2018 at 771,000 barrels per day (BOPD). 

    The natural gas lifting for the same period is 1.152 million barrels of oil equivalent per day (BOEPD). This achievement is lower than the 2018 State Budget target of 800,000 BOPD of oil and 1.2 million BOEPD of natural gas. Both oil and gas lifting are not expected to meet this year's target.

IN INDONESIAN

Produksi Blok Tua Dijaga

Pertamina mengambil alih pengelolaan Blok East . Kalimantan-Attaka dart Chevron. Tahun ini, produksi minyak dari blok ini diharapkan 13.291 barel per hari.

PT Pertamina (Persero) akan berusaha mempertahankan produksi minyak dan gas bumi Blok East Kalimantan-Attaka di Kalimantan Timur menyusul alih kelola blok itu dari Chevron. Blok yang terletak di lepas pantai timur Kalimantan itu sudah dikelola Chevron selama 50 tahun.

Tahun ini, produksi minyak dari blok itu diharapkan 13.291 barel per hari, sementara produksi gas 73,3 juta standar kaki kubik per hari. Sejak dieksploitasi 50 tahun lalu, blok yang habis kontrak pada 24 Oktober 2018 tersebut sudah menghasilkan 1 miliar barel minyak mentah dan 3 triliun kaki kubik gas bumi.

Pemerintah memutuskan pengelolaan Blok East Kalimantan Attaka ke Pertamina. Blok ini bagian dari delapan blok hasil terminasi tahun 2018 yang seluruh pengelolaannya diberikan kepada Pertamina Tujuh blok lainnya di antaranya Ogan Komering, Sanga-sanga, Tuban, Tengah, Southeast Sumatera, dan North Sumatera Offshore.

Direktur Utama PT Pertamina Hulu Indonesia (PHI) Bambang Manumayoso mengatakan, tantangan pengelolaan blok-blok migas tua adalah mempertahankan produksi. Dengan usia produksi 50 tahun, penurunan produksi adalah wajar dan alamiah. Pihaknya berusaha agar penurunan produksi di Blok East Kalimantan-Attaka tidak terlalu drastis.

”Tahun ini, kami merencanakan program kerja ulang sumur (work over) sebanyak 10 sumur dan 59 perawatan sumur (well service),” kata Bambang di Balikpapan.

lnvestasi

Tahun depan, pihaknya merencanakan pengeboran 3 sumur, 37 sumur kerja ulang, dan 308 perawatan sumur. Dengan program itu, produksi yang diharapkan adalah 10.639 barel minyak per hari dan gas bumi sebanyak 59,4 juta standar kaki kubik per hari. Nilai lnvestasi yang dikeluarkan PHI sampai tahun 2020 adalah 79,3 juta dollar AS. Operasi Blok East Kalimantan-Attaka dilakukan PT Pertamina Hulu Kalimantan Timur yang merupakan anak usaha dari PHI. 

PHI dibentuk Pertamina khusus untuk mengelola blok-blok migas hasil terminasi. Kepala Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi Amien Sunaryadi menambahkan, sampai tahun 2026, ada 22 blok migas yang kontrak berakhir.

Tahun ini, keputusan terhadap kontrak yang berakhir sampai dengan tahun 2023 empat blok akan diputuskan kelanjutan pengelolaannya Kontrak blok migas hasil terminasi menggunakan skema gross split (bagi hasil berdasarkan produksi bruto). 

    Sementara itu, Presiden Direktur PT Chevron Pasific Indonesia Albert Simanjuntak mengatakan, sebanyak 727 karyawan Blok East Kalimantan-Attaka yang sebelumnya bekerja di bawah Chevron, secara otomatis beralih di bawah Pertamina.

Indonesia menghadapi defisit produksi migas menyusul tingginya kebutuhan dibandingkan produksi dalam negeri. Blok migas hasil terminasi yang diserahkan kepada Pertamina diharapkan mengurangi defisit itu. Produksi siap jual (lifting) minyak semester I-2018 sebesar 771.000 barel per hari (BOPD). 

    Adapun lifting gas bumi periode yang sama 1,152 juta barel setara minyak per hari (BOEPD). Pencapaian itu lebih rendah daripada target APBN 2018 yang 800.000 BOPD minyak dan 1,2 juta BOEPD gas bumi. Baik lifting minyak maupun gas bumi diperkirakan tidak memenuhi target tahun ini.

Kompas, Page-18, Friday, Oct 26, 2018

Pertamina's Challenge to Manage Old Blocks

PT Pertamina (Persero) faces challenges in the East Kalimantan work area and the old oil and gas block Attaka.

The two oil and gas blocks that were previously managed by Chevron have now entered phase IV of V, namely the oil and gas reserves phase will be exhausted. The working area previously managed by Chevron Indonesia Company (CICo) once reached the peak of producing 110,000 barrels of oil equivalent per day (boepd) for Attaka Block and 36,500 boepd for East Kalimantan.

On Thursday (25/10), the management of this oil and gas working area was officially transferred to PT Pertamina Hulu East Kalimantan (PHKT). This company is a subsidiary of Pertamina Hulu Indonesia who was appointed as manager and operator at East Kalimantan WK-Attaka for the contract period of October 25, 2018 to October 24, 2038. On the last day of management in the hands of Chevron, this block still spouts oil 12,085 bpd and gas 62 MMscfd.

the Block of East Kalimantan

As of the end of September 2018, the Block of East Kalimantan oil and condensate production - Attaka was 13,220 bpd and gas was 69.44 MMscfd. Seeing these conditions, Pertamina has anticipated and is preparing to make efforts to hold back the decline in production rates in 2018 by planning 10 workovers and 59 well repairs which are estimated to average gas production in 2018 of 73.3 MMscfd and 13,291 bpd for oil.

Next year, Pertamina Hulu Kalimantan plans to drill 3 wells, 37 workovers and 308 well repairs which are estimated to average production of 59.4 MMscfd for gas and 10,639 bpd of oil. The company also budgeted investment with a definite commitment of investment for the first 3 years of US $ 79.3 million.

The Managing Director of PT Pertamina Hulu Indonesia Bambang Manumayoso said that Pertamina had given a definite commitment to the government in managing East Kalimantan WK and Attaka, namely 2 exploration study packages, 1 exploration well, and 4 development wells that would carry out exploratory exploration and continue the discovery of reserves found Chevron, "he said.

Attaka Block East Kalimantan

In addition, to maintain the sustainability of East Kalimantan-Attaka WK operations after October 24, 2018, Pertamina Hulu Kalimantan has also absorbed 727 Chevron workers to join and the signing of contracts supporting operational activities either through the mirroring contract or new procurement around 200 contracts.

WK East Kalimantan-Attaka has 15 oil and gas fields, namely Attaka, Melangin, Kerindingan, Serang, Sapi, Santan, Sepinggan, Sedandang, Seguni, Sejadi, Yakin, Mahoni, Bangkirai, Seturian, and Beaches. Bambang was reluctant to boast to obtain reserve certainty and choose to deepen exploration studies. According to him, with the condition of oil and gas blocks entering phase IV and V, exploration is a fixed price.

In the calculation of the company, at least the investment cost that must be spent for exploration of one well reaches US $ 20 million.

"If you want to grow, you can't help but explore. If we don't find it, we will decline [the decline in oil and gas production] he said.

For Pertamina, the joining of the East Kalimantan Block and Attaka made this government-owned company accept assignments to manage a total of 10 WK after the contract expired. Of the total oil and gas blocks handed over, Pertamina holds a 100% share participation.

TERMINATION BLOCK

The estimated 2019 oil and gas production from the 10 blocks is 55,000 bpd (oil) and 595 MMscfd (natural gas). The cumulative production forecast for the next 20 years is 830 mmboe. Specifically for the investment of 10 WK, US $ 693 million was prepared with a signature bonus paid by Pertamina totaling US $ 51.8 million.

SKK Migas Deputy Operations Fatar Yani Abdurrahman said, even though continuing to experience the performance of oil and gas blocks is still above the 2018 State Budget target. SKK Migas has not delivered a strategy that will be taken to halt the decline in oil and gas block production which is targeted to produce 13,000 bpd and 69 MMscfd of gas this.

"Both costs also included low, around US $ 15 per barrel. Then it is necessary to add new reserves to be able to add production. "If there are indeed, it seems that we only maintain the existing production," he said.

SKK Migas Head Amien Sunaryadi said with all preparations for the management of the oil and gas production in the East Kalimantan Block that had been prepared in the last two years and Attaka must be maintained, even improved.

"This working area is not only an advantage for Pertamina, but it is also expected to arrive at a competent transfer or ability for other Pertamina [business units]," he said.

President Director of PT CPI Albert B.M. Simanjuntak said, in terms of oil and gas block size, the management of the Rokan Block is certainly more complex.

the Rokan Block

"Of course what is very different is the size. [Complexity] that we do in Rokan may be around four to five times. And for that we do the important things first, "he said.

Albert admitted that at this time, his party was making preparations while awaiting the legal basis of the transfer of management. According to him, reflecting on the experience of East Kalimantan WK and Attaka management, the process has been carried out since the beginning of the year.

"It looks smooth, but behind that there are a lot of jobs that we do," he added.

Chevron Indonesia's Senior Vice President of Policy Government and Strategic Affairs Yanto Sianipar said the asset transfer process would be a work that would be done first in the context of the Rokan Block management transfer. The management of the East Kalimantan Block and Attaka is expected to be a lesson in the Rokan Block. In addition, the decline in scientific production of old oil and gas blocks is a challenge for Pertamina.

IN INDONESIAN

Tantangan Pertamina Mengelola Blok Tua

PT Pertamina (Persero) menghadapi  tantangan di wilayah kerja East Kalimantan dan Attaka blok minyak dan gas bumi yang sudah berusia tua.

Kedua blok migas yang sebelumnya dikelola oleh Chevron itu kini sudah memasuki fase IV an V, yaitu fase cadangan migas sudah akan habis. Wilayah kerja yang sebelumnya dikelola oleh Chevron Indonesia Company (CICo) pernah mencapai puncak produksi 110.000 barel setara minyak per hari (boepd) untuk Blok Attaka dan 36.500 boepd untuk East Kalimantan.

Pada Kamis (25/10), pengelolaan wilayah kerja migas ini secara resmi dialihkan ke PT Pertamina Hulu Kalimantan Timur (PHKT). Perusahaan ini merupakan anak usaha dari Pertamina Hulu Indonesia yang ditunjuk sebagai pengelola sekaligus operator di WK East Kalimantan-Attaka untuk periode kontrak 25 Oktober 2018 hingga 24 Oktober 2038. Pada hari terakhir pengeloaan di tangan Chevron, blok ini masih menyemburkan minyak 12.085 bph dan gas 62 MMscfd.

Per akhir September 2018, produksi minyak dan kondensat Blok East Kalimantan-Attaka sebesar 13.220 bph dan gas sebesar 69,44 MMscfd. Melihat kondisi tersebut, Pertamina sudah mengantisipasi dan bersiap melakukan upaya menahan penurunan laju produksi pada 2018 dengan merencanakan 10 pengeboran ulang (workover) dan 59 perbaikan sumur yang di estimasi untuk rerata produksi gas pada 2018 sebesar 73,3 MMscfd dan 13.291 bph untuk minyak.

Tahun depan, Pertamina Hulu Kalimantan merencanakan pengeboran 3 sumur, 37 workover dan 308 perbaikan sumur yang diestimasi untuk rerata produksi sebesar 59,4 MMscfd untuk gas dan 10.639 bph minyak. Perusahaan juga menganggarkan investasi dengan komitmen pasti investasi selama 3 tahun pertama sebesar US$79,3 juta. 

Direktur Utama PT Pertamina Hulu Indonesia Bambang Manumayoso mengatakan bahwa Pertamina telah memberikan komitmen pasti kepada pemerintah dalam mengelola WK East Kalimantan dan Attaka, yakni 2 paket studi eksplorasi, 1 sumur eksplorasi, dan 4 sumur pengembangan akan melakukan eksplorasi yang giat dan melanjutkan penemuan cadangan yang sudah ditemukan Chevron," katanya.

Selain itu, untuk menjaga keberlanjutan operasional WK East Kalimantan-Attaka setelah 24 Oktober 2018, Pertamina Hulu Kalimantan juga telah menyerap 727 pekerja Chevron untuk bergabung serta penandatanganan kontrak pendukung aktivitas operasional baik melalui metode pengalihan kontraktor yang sudah ada (mirroring contract) maupun pengadaan baru sekitar 200 kontrak.

WK East Kalimantan-Attaka memiliki 15 lapangan migas, yakni Attaka, Melangin, Kerindingan, Serang, Sapi, Santan, Sepinggan, Sedandang, Seguni, Sejadi, Yakin, Mahoni, Bangkirai, Seturian, dan Pantai. Bambang enggan sesumbar untuk mendapatkan kepastian cadangan dan memilih untuk memperdalam kajian eksplorasi. Menurutnya, dengan kondisi blok migas yang memasuki fase IV dan V, eksplorasi merupakan harga mati.

Dalam kalkulasi perseroan, setidaknya biaya investasi yang harus dikeluarkan untuk eksplorasi satu sumur mencapai US$ 20 juta.

“Kalau mau tumbuh mau tidak mau ya eksplorasi. Kalau tidak ketemu ya kita decline [penurunan produksi migas] katanya.

Bagi Pertamina, bergabungnya Blok East Kalimantan dan Attaka membuat perusahan milik pemerintah ini menerima penugasan mengelola total 10 WK setelah habis masa kontraknya. Dari total blok migas yang diserah terimakan, Pertamina memegang 100% saham partisipasi.

BLOK TERMINASI

Perkiraan produksi migas 2019 dari 10 blok tersebut sebesar 55.000 bph (minyak) dan 595 MMscfd (gas bumi). Perkiraan produksi kumulatif selama 20 tahun ke depan 830 mmboe. Khusus investasi untuk 10 WK tersebut disiapkan US$ 693 juta dengan bonus tanda tangan yang dibayarkan Pertamina sebanyak US$ 51,8 juta.

Deputi Operasi SKK Migas Fatar Yani Abdurrahman mengatakan, meski terus mengalami penutunan kinerja blok migas ini masih di atas target APBN 2018. SKK Migas belum menyampaikan strategi yang akan ditempuh untuk menahan laju penurunan produksi blok migas yang ditargetkan menghasilkan minyak sebanyak 13.000 bph dan gas 69 MMscfd ini.

“Kedua biaya [produksi] pun termasuk rendah, sekitar US$ 15 per barel. Maka diperlukan penambahan cadangan baru untuk bisa menambahkan produksi. Kalau existing itu memang kelihatannya kita hanya mempertahankan produksi yang ada,” katanya.

Kepala SKK Migas Amien Sunaryadi mengatakan dengan seluruh persiapan alih kelola yang sudah disiapkan dalam dua tahun terakhir produksi migas di Blok East Kalimantan dan Attaka harus dapat terus dipertahankan, bahkan ditingkatkan.

“Wilayah kerja ini tidak hanya menjadi keuntungan bagi Pertamina, tapi juga diharapkan sampai dengan transfer kompeten atau kemampuan untuk [unit bisnis] Pertamina yang lain,” katanya.

Presiden Direktur PT CPI Albert B.M. Simanjuntak mengatakan, dari segi ukuran blok migas, alih kelola Blok Rokan tentu lebih kompleks. 

“Tentu yang sangat berbeda adalah ukurannya. [Kompleksitas] yang kami lakukan di Rokan mungkin sekitar empat sampai lima kali lipat. Dan untuk itu kami lakukan yang penting-penting dulu,” katanya.  

Albert mengaku saat ini, pihaknya sedang melakukan persiapan-persiapan sembari menanti dasar hukum alih kelola. Menurutnya, berkaca dari pengalaman alih kelola WK East Kalimantan dan Attaka, prosesnya sudah dilakukan sejak awal tahun.

“Terlihatnya memang mulus, tetapi di balik itu ada banyak pekerjaan yang kami lalukan,” tambahnya.

Senior Vice President Policy Government and Strategic Affairs Chevron Indonesia Yanto Sianipar mengatakan, proses peralihan aset menjadi pekerjaan yang akan dikerjakan terlebih dahulu dalam rangka alih kelola Blok Rokan. Alih kelola Blok East Kalimantan dan Attaka diharapkan dapat menjadi pelajaran di Blok Rokan. Selain itu, penurunan produksi secara ilmiah blok migas yang sudah berusia tua menjadi tantangan bagi Pertamina.

Bisnis Indonesia, Page-24, Friday, Oct 26, 2018

Two Oil and Gas Blocks Attracted

Two of the six oil and gas working areas (WK) or blocks entered in auction II 2018 are in demand. The government targets the remaining WK ​​auction to be completed before the end of the year. The two WKs are WK South Jambi B and WK Banyumas. WK South Jambi B will be operated by Hong Kong Jindi Group (HJG), Hong Kong.

HJG won the auction because it offered the amount of a definite work commitment (CTF) of 60 million US dollars and a signature bonus of 5 million US dollars. Meanwhile, WK Banyumas was won by a local company, PT Minarak Berantas Gas. 

Banyumas Block - Center Java

    Minarak offered a KKP of 4 million dollars and a signature bonus of 500 thousand US dollars. Deputy Minister of ESDM Arcandra Tahar said, these two WKs added four WKs that were sold in the 2018 phase I auction. Future domestic oil and gas production could rely on production WKs which were now getting operators.

"We hope that the winners can immediately complete the contract so that it can produce faster. What is important is that we need contractors who can increase production and find new oil reserves," said Arcandra at the Ministry of Energy and Mineral Resources.

Actually there are six WKs offered in the Phase II auction, Two WKs, namely the South East Makasar and Andika Bumi, stated that there are no interested parties because no one has submitted the auction documents. Meanwhile, the other two WKs, namely Makassar Strait and the Long Strait WK, did not get the auction winner.

Makassar Strait PSC

"From the second phase of the auction, six are offered, two practices. To this day, there have been six WKs who are gross gross schemes," Arcandra said.

The remaining four WKs will be included in the Phase III auction. Announcement of the auction will be held next week and will be announced in December.

"Next week's Phase III auction consists of WK-WK who have already or are conducting a joint study. The auction closure before the end of the year, so the determination of the winner can be immediately," Arcandra said.

Eni Muara Bakau

Found separately, VP Exploration PT Eni Muara Bakau B (ENI) Davide Casini Ropa was reluctant to explain why ENI failed to operate the Makassar Strait Block. David explained, his party was still very interested in this WK.

"We see good potential in the Kutai Basin. This is a potential block," David said.

Despite failing in this phase II auction, ENI was interested in being able to take part in the III stage auction. Because, ENI has facilities near this WK so that production can be more efficient. Makasar Strait Block is located off the coast of the Makassar Strait, East Kalimantan. The area is 1,555 square kilometers. This block already has a producing field, West Seno. As of January 1, 2017, the remaining proven oil and condensate reserves reached 1.8 million barrels from the potential of around 2.15 million to 4.1 million barrels.

Offer to Pertamina

ESDM Ministry Director General of Oil and Gas Djoko Siswanto said the government planned to offer several WK that were not in demand at auction to Pertamina. Djoko explained, in writing, Pertamina expressed interest in this WK-WK. However, until now Pertamina has not submitted documents.

"There is a week. Orally, Pertamina is interested in a joint study, we will discuss it later," said Djoko at the ESDM Ministry.

Reflecting on the tide of the Makassar Strait Block which was decided by the government there were no winners even though there were interested parties, Djoko said, it would also be evaluated again. Although he did not say the problem, Djoko stated that the point was an obligation that must be met by oil and gas contractors.

"The terms and conditions have a point. There are points that have not been fulfilled by contractors. Pertamina wants to negotiate first," Djoko said.

Phase III auction will be opened next week and while offering seven WK. When the Makassar Strait Block is entered, there are eight WK to be auctioned.

IN INDONESIAN

Dua Blok Migas Diminati

Dua dari enam wilayah kerja (WK) migas atau blok yang masuk dalam lelang tahap II 2018 diminati. Pemerintah menargetkan lelang WK tersisa bisa rampung sebelum akhir tahun. Dua WK tersebut adalah WK South Jambi B dan WK Banyumas. WK South Jambi B akan dioperasikan oleh Hong Kong Jindi Group (HJG), Hong Kong.

HJG memenangi lelang karena menawarkan besaran komitmen kerja pasti (KKP) sebesar 60 juta dolar AS dan bonus tanda tangan (signature bonus) sebesar 5 juta dolar AS. Sedangkan, WK Banyumas dimenangkan oleh perusahaan lokal, PT Minarak Berantas Gas. Minarak menawarkan KKP sebesar 4 juta dolar dan bonus tanda tangan sebesar 500 ribu dolar AS. Wakil Menteri ESDM Arcandra Tahar mengatakan, dua WK ini menambah empat WK yang laku dalam lelang tahap I 2018. Produksi migas dalam negeri ke depan bisa bertumpu pada WK produksi yang kini kembali mendapatkan operator.

"Kami berharap para pemenang bisa segera menyelesaikan kontrak agar bisa lebih cepat berproduksi. Yang penting, kami butuh kontraktor yang bisa meningkatkan produksi dan menemukan cadangan minyak baru," ujar Arcandra di Kementerian ESDM.

Sebenarnya ada enam WK yang ditawarkan pada Ielang tahap II ini, Dua WK, yakni South East Makasar dan Andika Bumi, dinyatakan tidak ada peminat karena tidak ada yang menyerahkan dokumen lelang. Sedangkan, dua WK lainnya, yaitu Makasar Strait dan WK Selat Panjang, tidak mendapatkan pemenang lelang.

"Dari lelang tahap dua ini, enam yang ditawarkan, dua laku. Sampai hari ini, sudah ada enam WK yang laku dengan skema gross split," ujar Arcandra.

Empat WK tersisa akan dimasukkan dalam lelang tahap III. Pengumuman lelang akan dilakukan pekan depan dan akan diumumkan pada Desember.

"Pekan depan lelang tahap III terdiri dari WK-WK yang sudah atau sedang melakukan joint study. Penutupan lelang sebelum akhir tahun, jadi penentuan pemenang bisa segera," ujar Arcandra.

Ditemui terpisah, VP Exploration PT Eni Muara Bakau B (ENI) Davide Casini Ropa enggan menjabarkan alasan ENI gagal mengoperatori Blok Makasar Strait. David menjelaskan, pihaknya masih sangat tertarik terhadap WK ini.

"Kami melihat potensi yang baik dalam cekungan Kutai Basin. Ini blok yang potensial," ujar David.

Meski gagal dalam lelang tahap II ini, ENI berminat untuk bisa mengikuti lelang tahap III. Sebab, ENI memiliki fasilitas di dekat WK ini sehingga produksi bisa lebih efisien. Blok Makasar Strait ini terletak di lepas pantai Selat Makassar, Kalimantan Timur. Luas areanya 1.555 kilometer persegi. Blok ini telah memiliki lapangan yang sudah berproduksi, yakni West Seno. Sampai 1 Januari 2017, sisa cadangan minyak dan kondensat yang terbukti di sana mencapai 1,8 juta barel dari potensi sekitar 2,15 juta hingga 4,1 juta barel.

Tawarkan ke Pertamina

Direktur Jenderal Minyak dan Gas Bumi Kementerian ESDM Djoko Siswanto mengatakan, pemerintah berencana menawarkan beberapa WK yang tidak diminati dalam lelang kepada Pertamina. Djoko menjelaskan, secara tertulis, Pertamina menyatakan minat terhadap WK-WK ini. Namun, hingga saat ini Pertamina belum menyerahkan dokumen.

"Ada waktu sepekan. Secara lisan, Pertamina minat untuk joint study, nanti kita bicarakan lagi," ujar Djoko di Kementerian ESDM.

Berkaca pada lalang Blok Makasar Strait yang diputuskan pemerintah tidak ada pemenang meski ada peminat, Djoko mengatakan, itu juga akan dievaluasi lagi. Meski tidak mengatakan kendalanya, Djoko menyatakan poin tersebut merupakan kewajiban yang perlu dipenuhi oleh kontraktor migas.

"Syarat dan ketentuan ada pointnya. Ada poin yang belum dipenuhi kontraktor. Pertamina mau menegosiasikan dulu," ujar Djoko.

Lelang tahap III yang akan dibuka pekan depan dan sementara menawarkan tujuh WK. Bila Blok Makassar Strait masuk, ada delapan WK yang akan dilelang.

Republika, Page-15, Tuesday, Oct 23, 2018

Indonesia Can Add Commitment to Oil and Gas Investment US $ 64 M

Indonesia obtained an additional investment commitment in the upstream oil and gas sector of US $ 64 million after the announcement of the winner of the second phase of the oil and gas block 2018. Two oil and gas companies were declared winners in this auction, namely Hong Kong Jindi Group Co Ltd for South Jambi B Block and PT Minarak Brantas Gas for the Banyumas Block.

 the Banyumas Block

Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar said Hong Kong Jindi Group Co Ltd promised a definite work commitment of US $ 60 million in the South Jambi Block. While Minarak Brantas is committed to disburse an investment of US $ 4 million in the Banyumas Block. In addition, Hong Kong Jindi and Minarak Brantas also paid signature bonuses of US $ 5 million and the US $ 500 thousand respectively.

"The government's total signature bonus is the US $ 5.5 million, and a definite commitment of US $ 64 million which includes G & G activities, 2D 300-kilometer seismic surveys, 5100 square kilometers of seismic, and drilling of 4 wells," said Arcandra.

Arcandra explained, the government offered six oil and gas blocks in the second phase of the oil and gas block auction. Three of them are production blocks, namely Makassar Strait, Selat Panjang, and South Jambi B. Then the other three are exploration blocks, namely South-east Mahakam, Banyumas, and Andika Bumi Kita.

Even though there are only two winners in this auction, this does not mean that the auction this time is lonely. He said, until the deadline for submission of participation documents on October 12, there were 18 documents accessed by oil and gas companies. However, the result is four oil and gas blocks that are in demand by five auction participants. The four oil and gas blocks that are in demand are Makassar Strait, Selat Panjang, South Jambi B, and Banyumas.

Makassar Strait Block

Furthermore, the five bidders' documents were evaluated. This evaluation criterion is that the company has the financial and technical capabilities to finance and carry out petroleum operations, has a good track record in petroleum activities, and fulfills the terms and conditions of the main auction for the work area.

Of the five participants, only two participants qualified. The other three participants mentioned he did not meet the criteria set out in the terms and conditions (T & C). But he was reluctant to reveal what the unmet requirements were. Arcandra ensures that the unmet requirements are not from the commercial side.

"This is between the government and the company (who knows these requirements)," he said.

Meanwhile. ESDM Ministry's Director General of Oil and Gas Djoko Siswanto explained, there are obligations in these terms and conditions that must be met for auction winners. However, the prospective winner actually questioned one of these obligations.

"We already wrote the T & C, he didn't want to, he negotiated. This is not possible, "he said.

For auction winners, the signature of a production sharing contract (PSC) is targeted no later than the end of November

"With these two working areas (WA), there are a total of six WA that sell gross gross contracts," Arcandra said.

Third phase

Arcandra further revealed the oil and gas working area that is not in demand is likely to be included in the third phase of the oil and gas auction 2018. In addition, in this next auction, the government will also offer oil and gas blocks that have been or are conducting joint studies. He hopes, next week, the third phase of the auction will be opened.

"Closed before the end of the year. So the determination of the winner can be immediate, "he said.

Companies that carry out a joint study of oil and gas blocks, some of which are multinational oil and gas companies. However, Arcandra admitted that he had not confirmed how many oil and gas blocks were auctioned in this third stage. It is now still evaluating oil and gas blocks most likely attracted by investors.

"It must be calculated. Do not auction it off because the data is lacking," he said.

Meanwhile, Djoko said, there are at least eight oil and gas blocks that will be auctioned in the third phase of the auction. Unfortunately, he did not specify what oil and gas blocks would be offered.

"What is clear is all direct bidding auctions," he said.

In addition to being auctioned, the block that is not in demand in the second phase of the auction, namely southeast Mahakam and Andika Bumi Kita, he said will be offered a joint study by PT Pertamina (Persero).

"Pertamina is interested in blocks that have not been sold, but with a joint study," he said.

It has communicated with Pertamina about the joint study plan in the two blocks. Later, Pertamina will look at data from the two blocks. It hopes that Pertamina will conduct a joint study in these two blocks, one of which is because the South East Mahakam Block is located close to the Mahakam Block.

"Pertamina has the Mahakam Block, if it is close to the block, who knows if it connects with Pertamina's reservoir. The production phase is already in the Mahakam Block. So Pertamina wants to the joint study, "explained Djoko.

Investor Daily, Page-9, Tuesday, Oct 23, 2018