Again, Two Oil and Gas Blocks Switch to Gross Split

The government continues to boost oil and gas profit sharing contracts through gross split schemes. At the beginning of 2019, the Ministry of Energy and Resources Mineral (ESDM) will re-sign the amendment of two Oil and Gas production sharing contracts, from initially using the cost recovery scheme to gross split.

Arcandra Tahar 

Deputy Minister of ESDM, Arcandra Tahar said, oil and gas contractors (KKKS) have submitted changes to the contract scheme a few weeks ago. Currently it is in the stage of change preparation and evaluation by the government.

"There are two blocks that have changed into gross split, one conventional and one non-conventional," he said at the ESDM Ministry Office last week.

Eni Indonesia

    The government targets the contract scheme changes to be completed in the third week of January 2019. Previously, Eni Indonesia has also made changes to the contract scheme to gross split for the East Sepinggan Block which includes Merakes Field.

Referring to the ESDM Ministry data, up to 2018 visitors there are 32 oil and gas blocks that use gross split contract schemes. The latest news is the South Jambi B Block which has been terminated or expired in 2020 and is managed by Hong Kong Jindi Co. Ltd. In detail, oil and gas blocks that have used gross split schemes consist of 11 auction results in 2017 and 2018, then 20 terminated blocks from 2018 to 2022.

Then one amendment to the oil and gas block contract. In total, the investment commitment of the 32 oil and gas blocks reached US $ 2.1 billion or Rp. 31 trillion. Based on the records of the Special Task Force for Upstream Oil and Gas (SKK Migas), the gross split scheme that has been waiting for cost recovery since this year shows a positive impact.

For example, in the first semester of this year, oil and gas revenues increased to. US $ 3.5 billion to US $ 17.3 billion. In the first half of last year, oil and gas revenues amounted to US $ 13.8 billion. Actually, gross split calculations will be different for each Working Area. The exact calculation is found in the percentage of base split. 

For base split oil, 57% is regulated to state and 43% is contractor. While for natural gas, the country's share is 52% and contractors are 48%. In addition to the percentage of base split, the state and contractors can get a larger share by adding calculations from 10 variable components and two other progressive components.

IN INDONESIAN

Lagi, Dua Blok Migas Beralih ke Gross Split 

Pemerintah terus menggenjot kontrak bagi hasil migas melalui skema gross split. Di awal 2019, Kementerian Energi dan Sumber Daya Mineral (ESDM) akan kembali menandatangani perubahan dua kontrak bagi hasil Migas, dari semula memakai skema cost recovery menjadi gross split.

Wakil Menteri ESDM, Arcandra Tahar menyebutkan, kontraktor migas (KKKS) sudah mengajukan perubahan skema kontrak tersebut beberapa minggu lalu. Saat ini sudah masuk dalam tahap persiapan perubahan dan evaluasi oleh pemerintah. 

“Ada dua blok yang berubah menjadi gross split, satu konvensional dan satu non konvensional,” kata dia di Kantor Kementerian ESDM, pekan lalu. 

Pemerintah menargetkan perubahan skema kontrak itu bisa diselesaikan pada minggu ketiga Januari 2019. Sebelumnya, perubahan skema kontrak menjadi gross split juga telah dilakukan Eni Indonesia untuk Blok East Sepinggan yang di dalamnya terdapat Lapangan Merakes. 

Mengacu data Kementerian ESDM, hingga pengunjung 2018 sudah ada 32 blok migas yang menggunakan Skema kontrak gross split. Kabar terbaru adalah Blok South Jambi B yang terminasi atau habis masa kontraknya pada 2020 dan dikelola Hong Kong Jindi Co Ltd. Secara rinci, blok migas yang sudah menggunakan skema gross split terdiri dari 11 blok hasil lelang pada 2017 dan 2018, kemudian 20 blok terminasi dari 2018 hingga 2022. 

Kemudian satu amendemen kontrak blok migas. Secara total, komitmen investasi dari ke-32 blok migas tersebut mencapai US$ 2,1 miliar atau Rp 31 triliun. Berdasarkan catatan Satuan Kerja Khusus Hulu Minyak dan Gas Bumi (SKK Migas), skema gross split yang manggantikan cost recovery sejak setahun ini memperlihatkan dampak positif. 

Misalnya, pada semester pertama Tahun ini, penerimaan migas meningkat hingga. US$ 3,5 miliar menjadi US$ 17,3 miliar. Pada semester pertama tahun lalu, penerimaan migas sebesar US$ 13,8 miliar. Sebenarnya, perhitungan gross split akan berbeda setiap Wilayah Kerja. Perhitungan yang pasti, terdapat pada persentase base split. 

Untuk base split minyak, sebesar 57% diatur menjadi bagian negara dan 43% bagian kontraktor. Sementara untuk gas bumi, bagian negara 52% dan kontraktor 48%. Selain persentase base split, negara dan kontraktor bisa mendapatkan bagian lebih besar dengan penambahan perhitungan dari 10 komponen variabel dan dua komponen progresif lainnya.

Kontan, Page-14, Wednesday, Dec 26, 2018

The South Jambi B Block contract was signed

The oil and gas working area (WK) of South Jambi B adds to the number of contracts using the Gross Split profit sharing scheme. This is in line with the signing of the PSC / cooperation contract at the Ministry of Energy and Mineral Resources (ESDM).

Jindi South Jambi B Co Ltd is a contractor working on the block effective on January 26, 2020 with a contract period of 20 years. The South Jambi B Block is currently still operated by ConocoPhilips (South Jambi) B, which will expire on January 25, 2020.

Deputy Minister of ESDM Arcandra Tahar said, with the signing of the South Jambi B Block contract, the number of contracts that have been and will be signed using a gross profit sharing scheme (groos split) was recorded as many as 32 contracts since 2017. The details consist of 11 oil and gas block contracts auctioned , 20 termination block contracts, and one contract amendment.

"The total investment commitment of the 32 oil and gas WK reaches around US $ 2.1 billion, equivalent to Rp. 31 trillion," Arcandra said after signing in Jakarta.

Arcandra Tahar

Arcandra explained, the signature bonus from this block was US $ 5 million and the investment value of the Definite Work Commitment (KKP) reached US $ 60 million. The details of the activities to be worked on in the first five years of this contract are G & G Study, 2D seismic 300 km, 3D seismic 400 km, and three exploration wells. He mentioned that Jindi could cooperate with ConocoPhilips as an existing contractor to carry out exploration.

"Efforts can be made before the contract ends with cooperation," he said.

He said, the estimated reserves in the South Jambi Block were 600 thousand barrels for oil and 270 trillion cubic feet for proven gas reserves. This block has no longer been in production since 2012, but has reached the peak of gas production of 23 million cubic feet per day / mmscfd in 2006 and oil up to 512 barrels per day (bpd) in 2005.

Meanwhile Jindi South Jambi Managing Director B Song-Zhizong explained that the first Plan of Development / POD will be submitted at least at the beginning of the second semester next year. He believes the potential of South Jambi B is quite large. Besides that, several structures have also been developed by previous contractors, so that only continuing exploration activities.

IN INDONESIAN

Kontrak Blok South Jambi B di Tandatangani

Wilayah kerja (WK) minyak dan gas bumi South Jambi B menambah jumlah kontrak yang menggunakan skema bagi hasil Gross Split. Hal ini seiring dengan ditandatanganinya kontrak kerja sama /PSC tersebut di Kementerian Energi dan Sumber Daya Mineral (ESDM).

Jindi South Jambi B Co Ltd merupakan kontraktor yang menggarap blok tersebut berlaku efektif pada 26 Januari 2020 dengan jangka waktu kontrak selama 20 tahun. Blok South Jambi B saat ini masih dioperasikan oleh ConocoPhilips (South Jambi) B yang akan berakhir kontraknya pada 25 Januari 2020.

Wakil Menteri ESDM Arcandra Tahar mengatakan, dengan ditandatangani-nya kontrak Blok South Jambi B, jumlah kontrak yang telah dan akan ditandatangani menggunakan skema bagi hasil kotor (groos split) tercatat sebanyak 32 kontrak sejak 2017. Adapun rinciannya terdiri dari 11 kontrak blok migas hasil lelang, 20 kontrak blok terminasi, dan satu amendemen kontrak.

“Total komitmen investasi dari ke 32 WK migas tersebut mencapai sekitar US$ 2,1 miliar atau setara Rp 31 triliun,” kata Arcandra usai penandatangan di Jakarta.

Arcandra menerangkan, bonus tanda tangan (signature bonus) dari blok ini sebesar US$ 5 juta dan nilai investasi Komitmen Kerja Pasti (KKP) mencapai US$ 60 juta. Adapun rincian kegiatan yang akan digarap dalam lima tahun pertama dari kontrak ini yakni Studi G&G, seismik 2D 300 km, seismik 3D 400 km persegi, dan tiga sumur eksplorasi. Dia menyebut Jindi bisa melakukan kerjasama dengan ConocoPhilips selaku kontraktor eksisting untuk melakukan eksplorasi. 

“Bisa dilakukan usaha-usaha sebelum kontrak itu berakhir dengan kerja sama,” ujarnya.

Dikatakannya, perkiraan cadangan di Blok South Jambi itu sebesar 600 ribu barel untuk minyak dan 270 triliun kaki kubik untuk cadangan terbukti gasnya. Blok ini sudah tidak lagi berproduksi sejak 2012 lalu, namun pernah mencapai puncak produksi gas sebesar 23 juta kaki kubik per hari/ mmscfd di 2006 dan minyak hingga 512 barel per hari (bph) di 2005.

Sementara itu Direktur Utama Jindi South Jambi B Song- Zhizong menerangkan, rencana Plan of Development/POD pertama akan diajukan paling tidak di awal semester kedua tahun depan. Dia meyakini potensi South Jambi B cukup besar. Disamping itu, beberapa struktur juga sudah dikembangkan oleh kontraktor terdahulu, sehingga hanya melanjutkan kegiatan eksplorasi. 

“Discovery sudah ada, lalu dua struktur sudah dikembangkan,” ujarnya.

 Investor Daily, Page-9, Friday, Dec 21, 2018

Pertamina EP's innovation at Tanjung Field

PT Pertamina EP re-innovates to increase oil production. Pertamina EP applies an Enhanced Oil Recovery (EOR) method through polymer flooding at Tanjung Field, Tabalong Regency, South Kalimantan. This PT Pertamina subsidiary hopes that the EOR method can reach a recovery factor of up to 60%.

PT Pertamina EP

President Director of PT Pertamina EP, Nanang Abdul Manaf, said that the company will continue to monitor the implementation of the EOR method in oil drilling.

"It takes about 11 months to be able to continue or not with this model," he said after the inauguration of the TPFT project, at the T46 Tanjung Cluster.

EOR is a method for obtaining more oil after naturally decreasing the primary production process. Pertamina EP has just implemented the EOR method in a drilling cluster. In this way, Pertamina enters polymer liquid through one injector well located in the center of the cluster. 

    Four other wells (producer wells) as oil wells. Pertamina EP's management hopes that before 11 months the results of drilling on the project can be seen.

SKK Migas Deputy Planning Officer Jaffee Arizon Suardin appreciated Pertamina EP's move.

"The problem in Indonesia is that there is no oil, but a recovery factor. For the usual methods it still produces between 25% -35%. So the oil is still down there," he said.

Jaffee hopes that the TPFT project can increase oil production in Tanjung Field by 7% -10% or around 50 barrels per day. Currently the existing oil production in Tanjung is around 120 barrels per day. The TPFT project costs US $ 3 million.

IN INDONESIAN

Inovasi Pertamina EP di Tanjung Field  

PT Pertamina EP kembali berinovasi untuk meningkatkan produksi minyak. Pertamina EP menerapkan metode perolehan minyak tahap lanjut atau Enhanced Oil Recovery (EOR) melalui cara polymer flooding di Tanjung Field, Kabupaten Tabalong, Kalimantan Selatan. Anak usaha PT Pertamina ini berharap metode EOR bisa mencapai recovery factor hingga 60%.

Direktur Utama PT Pertamina EP, Nanang Abdul Manaf, mengatakan pihaknya akan terus memantau penerapan metode EOR dalam pengeboran minyak. 

"Ini membutuhkan waktu sekitar 11 bulan untuk bisa lanjut atau tidak dengan model ini," kata dia usai peresmian proyek TPFT, di Kluster T46 Tanjung.

EOR adalah metode untuk memperoleh lebih banyak minyak setelah penurunan proses produksi primer secara alami. Pertamina EP baru saja menerapkan metode EOR di satu kluster pengeboran. Dengan cara ini, Pertamina memasukkan cairan polimer melalui satu sumur injektor yang terletak di tengah kluster. 

   Empat sumur lainnya (sumur produser) sebagai sumur pengambil minyak. Manajemen Pertamina EP berharap sebelum 11 bulan, hasil pengeboran di proyek tersebut sudah bisa terlihat.

Deputi Perencanaan SKK Migas Jaffee Arizon Suardin mengapresiasi langkah Pertamina EP. 

"Yang menjadi masalah di Indonesia bukan tidak ada minyaknya, tapi recovery factor. Untuk cara-cara yang biasa masih menghasilkan antara 25%-35%. Jadi minyaknya masih ada di bawah sana," kata dia.

Jaffee berharap proyek TPFT bisa menambah produksi minyak di Lapangan Tanjung sebesar 7%-10% atau sekitar 50 barel per hari. Saat ini existing produksi minyak di Tanjung sekitar 120 barel per hari. Adapun proyek TPFT menghabiskan US$ 3 juta.

Kontan, Page-24, Friday, Dec 21, 2018

Jindi Prepares US $ 150 Million

Findi South Jambi B Co. Ltd., a subsidiary of Hong Kong Jindi Group which is the operator of the South Jambi B Block, will issue US $ 150 million in the first 3 years for oil and gas exploration. The oil and gas working area located in Jambi is still operated by ConocoPhilips because the region's contract will expire on January 25, 2020. However, the working area has not been operational since 2012.

Therefore, the ESDM Ministry also auctioned off the oil and gas block. The Jindi South Jambi B cooperation contract will become effective starting January 26, 2020. Jindi will manage the block for 20 years. Jindi gave a definite work commitment in South Jambi B for the first 5 years of US $ 60 million and a signature bonus of US $ 5 million.

Song Zhizong, Director of Jindi South Jambi B Co. Ltd., said that the company immediately conducted an exploration study in 2019. This commitment will be realized when business cooperation with Conocophillips begins also wants to invest around US $ 150 million for the first 3 years.

      The investment includes seismic, exploration well drilling, construction of other facilities, "he said after the signing of the South Jambi Work Area Gross Split Production Sharing Contract B.

Jindi will also submit a development proposal (plan of development / POD) to SKK Migas in mid-2019. Since 2017 to date, 32 oil and gas working areas have used gross split contracts consisting of 11 auction blocks, 20 blocks termination, and one block of contract amendments.

Arcandra Tahar

The total investment commitment from 32 oil and gas regions reaches around US $ 2.1 billion, equivalent to Rp. 31 trillion. Deputy Minister of ESDM Arcandra Tahar said, Jindi South Jambi B could enter South Jambi faster by using a cooperation scheme. According to him, the government accelerate the auction of the termination block in order to avoid a dramatic decrease in production.

"The production of this block has not dropped dramatically when intervened. We process now because until 2022 efforts can be made so that production can be increased. "

IN INDONESIAN

Jindi Siapkan US$ 150 Juta

Findi South Jambi B Co. Ltd., anak usaha Hong Kong Jindi Group yang menjadi operator Blok South Jambi B, akan mengeluarkan US$150 juta dalam 3 tahun pertama untuk eksplorasi wilayah migas itu. Wilayah kerja migas yang berlokasi di Jambi ini masih dioperasikan oleh ConocoPhilips karena kontrak wilayah itu akan berakhir pada 25 Januari 2020. Namun, wilayah kerja itu sudah tidak beroperasi sejak 2012. 

Oleh karena itu, Kementerian ESDM pun melelang blok migas itu. Kontrak kerja sama Jindi South Jambi B ini akan berlaku efektif mulai 26 Januari 2020. Jindi akan mengelola blok itu selama 20 tahun. Jindi memberikan komitmen kerja pasti di South Jambi B selama 5 tahun pertama sebesar US$60 juta dan bonus tanda tangan US$5 juta. 

Song Zhizong, Director Jindi South Jambi B Co. Ltd., mengatakan bahwa perusahaan langsung melakukan studi eksplorasi pada 2019. Komitmen ini akan terealisasi ketika kerja sama secara bisnis dengan Conocophillips dimulai juga ingin investasi kira-kira sekitar US$ 150 juta untuk 3 tahun pertama. 

   Investasi itu termasuk seismik, pengeboran sumur eksplorasi, pembangunan fasilitas lain,” katanya seusai penandatanganan Kontrak Bagi Hasil Gross Split Wilayah Kerja South Jambi B.

Jindi juga akan mengajukan proposal pengembangan (plan of development/POD) ke SKK Migas pada pertengahan 2019. Sejak 2017 sampai saat ini, 32 Wilayah kerja migas telah menggunakan skema kontrak bagi hasil kotor (gross split) terdiri dari 11 blok hasil lelang, 20 blok terminasi, dan satu blok amendemen kontrak. 

Total komitmen investasi dari 32 wilayah migas tersebut mencapai sekitar US$ 2,1 miliar atau setara dengan Rp 31 triliun. Wakil Menteri ESDM Arcandra Tahar mengatakan, Jindi South Jambi B dapat masuk ke South Jambi lebih cepat dengan menggunakan skema kerja sama. Menurutnya, pemerintah mempercepat pelelangan blok terminasi tersebut agar menghindari penurunan produksi secara drastis.

“Produksi blok ini tidak turun drastis kalau diintervensi. Kami proses sekarang karena agar sampai 2022 bisa dilakukan upaya agar produksi bisa ditingkatkan.” 

Bisnis Indonesia, Page-24, Friday, Dec 21, 2018

Pertamina & Aramco Form a Joint Venture

PT Pertamina (Persero) targets the establishment of a joint venture with Saudi Aramco for the revitalization project of Cilacap Refinery in Cilacap Regency, Central Java, can be realized next year.

Saudi Aramco

Pertamina Corporate Secretary Syahrial Muchtar said that the Cilacap Refinery development plan (RDMP) plan was still going according to plan and there were no obstacles. The oil and gas company owned by the Kingdom of Saudi Arabia which is Pertamina's partner in revitalizing the Cilacap Refinery is still committed to increasing the refinery's capacity.

"[Establishment of a joint venture company] we must start next year. Everything is still consistent, "he said, Monday (12/17).

Syahrial stressed that the ownership of each party in the joint venture did not change. In the joint venture, Pertamina has controlled 55% shares and Aramco has 45%. However, both parties are still calculating assets in the revitalization process of the Cilacap Refinery. The two companies have different value calculations so they have not yet obtained an agreement.

"That's normal. They count, we also count. This is the stipulation in what number will be agreed upon. "

Arcandra Tahar 

Previously, Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar acknowledged, currently related to the Cilacap Refinery project, Pertamina is evaluating the establishment of a joint venture in order to obtain benefits in accordance with the business framework.

"The business framework already exists, but for example Cilacap, the calculation of the valuation of its assets that has not yet been agreed upon, must be calculated in detail," Arcandra said.

Mohammad bin Salman

During a visit to Buenos Aires, Argentina at the end of November 2018, Vice President Jusuf Kalla held a bilateral meeting with Crown Prince of Saudi Arabia Mohammad bin Salman on the sidelines of the G-20 Summit. The meeting took place in a bilateral area located at Costa Salguero Center, Buenos Aires.

Jusuf Kalla

Both are committed to strengthening relations between countries, especially in the field of economic investment. In the meeting, Jusuf Kalla said that Saudi Arabia asked the Indonesian Government to accelerate the realization of the construction of an oil refinery in Cilacap, Central Java.

"We have an agreement to build an oil refinery in Cilacap. They ask to be accelerated. The investment is very large, around US $ 56 billion.

IN INDONESIAN

Pertamina & Aramco Bentuk Usaha Patungan

PT Pertamina (Persero) menargetkan pembentukan perusahaan patungan bersama dengan Saudi Aramco untuk proyek revitalisasi Kilang Cilacap di Kabupaten Cilacap, Jawa Tengah dapat terealisasi tahun depan.

Sekretaris Perusahaan Pertamina Syahrial Muchtar menuturkan bahwa rencana revitalisasi (refinery development master plan/RDMP) Kilang Cilacap masih berjalan sesuai dengan rencana dan tidak ada kendala. Perusahaan migas milik Kerajaan Arab Saudi yang menjadi mitra Pertamina dalam revitalisasi Kilang Cilacap itu masih tetap berkomitmen untuk menambah kapasitas kilang itu.

“[Pembentukan perusahaan patungan] pada tahun depan pun harus bisa kami mulai. Semua masih konsisten,” ujarnya, Senin (17/12).

Syahrial menegaskan bahwa kepemilikan saham masing-masing pihak pada perusahaan patungan tidak mengalami perubahan. Dalam perusahaan patungan itu, Pertamina telah menguasai saham 55% dan Aramco 45%. Namun, kedua belah pihak masih menghitung aset dalam proses revitalisasi Kilang Cilacap. Kedua perusahaan itu memiliki perhitungan nilai yang berbeda sehingga belum memperoleh kesepakatan.

“ltu normal. Mereka hitung, kami juga hitung. Ini ketentuannya di angka berapa yang nanti disepakati.”

Sebelumnya, Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengakui, saat ini terkait dengan proyek Kilang Cilacap, Pertamina sedang mengevaluasi pembentukan usaha patungan agar dapat memperoleh keuntungan yang sesuai dengan kerangka bisnis.

“Kerangka bisnisnya sudah ada, tetapi misalnya Cilacap, perhitungan valuasi asetnya ini yang belum sepakat, harus dihitung secara detail,” kata Arcandra.

Dalam kunjungan ke Buenos Aires, Argentina pada akhir November 2018, Wakil Presiden Jusuf Kalla melakukan pertemuan bilateral dengan Putra Mahkota Kerajaan Arab Saudi Mohammad bin Salman di sela-sela Konferensi Tingkat Tinggi (KTT) G-20. Pertemuan tersebut berlangsung di area bilateral yang terletak di Costa Salguero Center, Buenos Aires.

Keduanya berkomitmen untuk mempererat hubungan antarnegara, khususnya di bidang investasi ekonomi. Dalam pertemuan tersebut, Jusuf Kalla menyampaikan bahwa Arab Saudi meminta Pemerintah Indonesia untuk dapat mempercepat realisasi pembangunan kilang minyak di Cilacap, Jawa Tengah.

“Kita sudah ada perjanjian untuk bangun kilang minyak di Cilacap. Mereka minta dipercepat. Investasinya sangat besar, sekitar US$ 56 miliar.

Bisnis Indonesia, Page-24, Wednesday, Dec 19, 2018

PEP Asset 4 Oil Production Exceeds Target

Closing 2018, the oil production of PT Pertamina EP Asset 4 exceeded the target of 14,032 barrels of oil per day (BOPD). Until the end of November, the production of the Cepu Field field, Poleng Field, Papua Field, Donggi Matindok Field, and Sukowati Field went through 17,235 BOPD.

Pertamina EP Asset 4

"With the achievement of the production of 17,235 barrels of oil per day (BOPD), PT Pertamina EP Asset 4 exceeded the target of 121.65 percent," said the Production Director and Operation of PT Pertamina EP, Chalid Said Salim.

It was said, asset 4 performance was each supported from the Cepu Field field, Poleng Field, Papua Field, Donggi Matindok Field, and especially Sukowati Field. Alhamdulillah, the 4 production assets are above the 2018 target, where Sukowati Field becomes the biggest contribution well, "he said.

Agus Amperianto

In the same place, the General Manager of Pertamina EP Asset 4, Agus Amperianto said, until 29 November 2018 then, Sukowati's production reached 9,697 BOPD. This result exceeded the planned production target of 8,000 BOPD.

"Thank God, Sukowati Field's oil production has exceeded the 2018 production target of 8,000 BOPD," said Agus.

Blogger : Agus Purnomo in Pertamina EP Asset 4 Tuban

While gas production in Asset 4 also shows a brilliant performance, amounting to 184.17 MMSCFD or 113 percent of this year's target of 157.59 MMSCFD. The largest gas production of PT Pertamina EP Asset 4 is supported by the existence of 3 Gas Processing Centers / Central Processing Plants (CPPs) in the Gundih Area in Cepu Field, Central Java.

In this field, Pertamina EP managed to record production of up to around 67.55 MMSCFD and coupled with Donggi CPP and Matindok CPP in Sulawesi with total production reaching 99.06 MMSCFD.

Blogger : Agus Purnomo in Pertamina EP Asset 4 Tuban

"During oil, our gas production can operate above the target set by the company. To maintain gas supply we continue to make efforts to maintain production with HCV Well drilling at Cepu Field and Wolai Exploration Wells 001 in Luwuk District, Central Sulawesi, "said Agus.

Blogger : Agus Purnomo in Pertamina EP Asset 4 Surabaya

Radar Gresik, Page-4, Wednesday, Dec 19, 2018

Remove Multilevel Traders, Not Guarantee Gas Prices Down

However, the abolition of multilevel gas traders does not always reduce gas prices. The gas distribution regime in stages has ended. This year, the Ministry of Energy and Mineral Resources (ESDM) abolished multilevel gas traders, who have been considered to be an obstacle to accelerating gas shipments to end users. By removing multilevel gas traders, the government is now reallocating (reallocating) six gas contracts to at least eight business entities.

Later, gas supply can be more smoothly. The order is the supply of gas from the source (oil and gas contractor) to the business entity and forwarded to the end user. This is the mandate of ESDM Minister Regulation Number 6 of 2016 concerning Provisions and Procedures for Determining the Allocation and Utilization and Price of Natural Gas.

Before that rule, the flow of gas supply was very long. In order, the supply from the gas source is sent to the business entity. Then sent again to the level one consumer trader (trader), then goes to the second level consumer trader. Deputy Minister of ESDM Arcandra Tahar said the government had completed all cases of gas traders.

Arcandra Tahar

"All have been allocated," he said at the ESDM Ministry Office.

In addition to reallocation, the Gas Sale and Purchase Agreement (PJBG) from the business entity to the end user has also been signed.

"There is no problem with the PJBG," Arcandra said.

By trimming multilevel gas traders, he explained, this could not necessarily reduce gas prices to end users. Because, the decline in gas prices depends on the PJBG.

Referring to data obtained by KONTAN, there are six reallocation letters issued by the Ministry of Energy and Mineral Resources. First, the reallocation of gas from Jatinegara Field owned by PT Pertamina EP to PT Bayu Buana Gemilang. Previously, the gas from PT Pertamina's subsidiary for PT Sinergi Patriot was later sold to PT Pasundan Resources. Then the company sold it back to PT Bayu Buana Gemilang.

PT Pertamina Hulu Energi West Madura Offshore (PHE WMO)

Blogger Agus Purnomo in PT. PHE West Madura Offshore (WMO)

Second, the reallocation of gas from PT Pertamina Hulu Energi West Madura Offshore (PHE WMO) to PT Perusahaan Gas Negara Tbk (PGAS). Previously, the gas from the WMO Block was allocated first to PT Gresik Migas, then to PGAS. Third, the reallocation of gas supply from JOB PHE-Talisman Jambi Merang to PT Inti Daya Latu Prima and PGAS. This gas allotment was previously sold to PT Pembangunan Batam City before the two Inti Daya and PGAS business entities.

Fourth, the gas allocation from JOB PHE-Talisman Jambi Merang was reallocated from PT Riau Investment Development to PT Gagas Energi Indonesia. Previously, the supply flowed first to the Riau Investment Development then to PT Taruko Energi, which was just bought by Gagas Energi. Fifth, supplies from Pulau Gading Field and Kemawang JON River PHE-Talisman Jambi Merang were reallocated from PDPDE South Sumatra to PT PDPDE Gas.

Supply from the field was previously sold first to South Sumatra PDPDE before being purchased by PDPDE Gas. Sixth, the supply from Terang Sirasun Batur (TSB) Field, which was worked out by Kangean Energy Indonesia LTD, was reallocated to PT Bayu Buana Gemilang and PT Sarana Cepu Energi.

Fahmy Radhi

Energy Economics Observer from UGM

and Former Member of the Oil and Gas Anti-Mafia Team

Energy and Mining Observer at Gadjah Mada University (UGM), Fahmy Radhi assessed, with gas reallocation the possibility of gas prices could go down.

Gadjah Mada University (UGM)

"But the decline has not been significant," he said.

This is because the gas infrastructure is still small. Especially those built by PGAS and Pertagas that have not reached all end users.

"So, without the addition of pipelines, it is impossible for gas prices to be reduced to the equivalent of gas prices in Malaysia," Fahmy concluded.

IN INDONESIAN

Hapus Trader Bertingkat, Tak Jamin Harga Gas Turun

Namun, penghapusan trader gas bertingkat tidak selalu menurunkan harga gas. Rezim penyaluran gas secara bertingkat telah berakhir. Tahun ini, Kementerian Energi dan Sumber Daya Mineral (ESDM) menghapus trader gas bertingkat, yang selama ini dinilai menjadi penghambat percepatan pengiriman gas kepada pengguna akhir (end user). Dengan menghapus trader gas bertingkat, pemerintah kini mengalokasikan ulang (realokasi) enam kontrak gas kepada sedikitnya delapan badan usaha. 

Kelak, pasokan gas bisa semakin lancar. Urutannya adalah pasokan gas dari sumber (kontraktor migas) ke badan usaha dan diteruskan ke pengguna akhir. Ini merupakan amanat Peraturan Menteri ESDM Nomor 6 Tahun 2016 tentang Ketentuan dan Tata Cara Penetapan Alokasi dan Pemanfaatan serta Harga Gas Bumi.

Sebelum aturan itu, alur pasokan gas sangat panjang. Urutannya, pasokan dari sumber gas dikirim ke badan usaha. Selanjutnya dikirim lagi ke badan usaha (trader) konsumen tingkat satu, kemudian masuk ke trader konsumen tingkat dua. Wakil Menteri ESDM Arcandra Tahar mengatakan pemerintah telah menyelesaikan seluruh kasus trader gas.

"Sudah dialokasi semua," ungkap dia di Kantor Kementerian ESDM.

Selain realokasi, Perjanjian Jual Beli Gas (PJBG) dari badan usaha ke pengguna akhir pun sudah ditandatangani.

"Tidak ada masalah dengan PJBG," kata Arcandra.

Dengan pemangkasan trader gas bertingkat, dia menjelaskan, hal tersebut tidak lantas bisa menurunkan harga gas ke pengguna akhir. Sebab, penurunan harga gas tergantung PJBG.

Mengacu data yang diperoleh KONTAN, ada enam Surat realokasi yang diterbitkan Kementerian ESDM. Pertama, realokasi gas dari Lapangan Jatinegara milik PT Pertamina EP ke PT Bayu Buana Gemilang. Sebelumnya, gas dari anak usaha PT Pertamina itu untuk PT Sinergi Patriot kemudian dijual ke PT Pasundan Resources. Lantas perusahaan ini menjualnya kembali ke PT Bayu Buana Gemilang.

Kedua, realokasi gas dari PT Pertamina Hulu Energi West Madura Offshore (PHE WMO) ke PT Perusahaan Gas Negara Tbk (PGAS). Sebelumnya, gas dari Blok WMO ini dialokasikan terlebih dulu ke PT Gresik Migas, kemudian ke PGAS. Ketiga, realokasi pasokan gas dari JOB PHE-Talisman Jambi Merang ke PT Inti Daya Latu Prima dan PGAS. Jatah gas ini sebelumnya dijual ke PT Pembangunan Kota Batam terlebih dulu sebelum ke dua badan usaha Inti Daya dan PGAS. 

Keempat, jatah gas dari JOB PHE-Talisman Jambi Merang direalokasi dari PT Pengembangan Investasi Riau ke PT Gagas Energi Indonesia. Sebelumnya, pasokan mengalir dulu ke Pengembangan Investasi Riau kemudian ke PT Taruko Energi, baru dibeli oleh Gagas Energi. Kelima, pasokan dari Lapangan Pulau Gading dan Sungai Kemawang JON PHE-Talisman Jambi Merang direalokasi dari PDPDE Sumatra Selatan ke PT PDPDE Gas. 

Pasokan dari lapangan itu sebelumnya dijual dulu ke PDPDE Sumatra Selatan sebelum dibeli oleh PDPDE Gas. Keenam, pasokan dari Lapangan Terang Sirasun Batur (TSB) yang digarap Kangean Energy Indonesia LTD direalokasi ke PT Bayu Buana Gemilang dan PT Sarana Cepu Energi.

Fahmy Radhi

Pengamat Ekonomi Energi dari UGM

dan Mantan Anggota Tim Anti Mafia Migas

Pengamat Energi dan Pertambangan Universitas Gadjah Mada (UGM), Fahmy Radhi menilai, dengan realokasi gas kemungkinan harga gas bisa bisa turun. 

"Tapi penurunannya belum signifikan," kata dia.

Hal itu lantaran infrastruktur gas masih sedikit. Terutama yang dibangun PGAS dan Pertagas yang belum menjangkau semua end user.

"Jadi, tanpa ada penambahan jaringan pipa, mustahil harga gas bisa diturunkan setara dengan harga gas di Malaysia, " pungkas Fahmy.

Kontan, Page-14, Wednesday, Dec 19, 2018

The Rokan Block Contract Will Be Signed By The End Of The Year

PT Pertamina will pay off the signature bonus and the Rokan Block performance bond this weekend. That way, the Rokan Block contract can be signed by the end of this year.

Director General of Oil and Gas (Dirjen Migas) of the Ministry of Energy and Mineral Resources, Djoko Siswanto said, before the contact signature, Pertamina had to pay a signature bonus of US $ 784 million. In addition, Pertamina will pay Performance Bond at 10% of the defined work commitment (KKP) worth US $ 500 million.

the Rokan Block

The Ministry of Energy and Mineral Resources stated that there were no obstacles from Pertamina regarding the payment of signature bonuses and performance bonds. The government ensures that transactions can be completed by the end of this week.

"If I'm not mistaken, they want to pay it on December 21, 2018" said Djoko.

Pertamina's Corporate Secretary Syahrial Mukhtar said that the signature of the Rokan Block contract would indeed be carried out before the end of this year.

"The point is this month, before the end of the year. We are trying everything at the end of the year, so there will be no more burden," he said.

Pertamina is preparing a subsidiary to carry out the contract signature. At present, the formation of a Pertamina subsidiary is still in process.

"So the signing is a new company. Because the Rokan Block is large, it must be managed by a unit that focuses on handling it, "Syahrial added.

Regarding funding, Pertamina claims there are no obstacles. Syahrial said that the company had prepared funds to pay off signature bonuses and performance bonds.

"There is no problem," he said.

PT Chevron Pacific Indonesia

In July 2018, the government appointed Pertamina as the manager of the Rokan Block after the contract period expired in 2021. Previously, The manager of one of the richest oil and gas blocks in Indonesia is PT Chevron Pacific Indonesia. Pertamina offers a signature bonus of US $ 784 million or Rp. 11.3 trillion and the value of a definite five-year work commitment of US $ 500 million or Rp. 7.2 trillion in carrying out oil and gas exploitation activities.

The definite five-year commitment of US $ 500 million proposed by Pertamina will not only be used to develop the Rokan Block, but also other fields that have not been explored. The Rokan Block is one of the oil and gas blocks that has strategic value. Rokan Block's oil and gas production supports 26% of total national production.

The block which has an area of ​​6,220 kilometers has 96 fields. At least three fields have the potential to produce very good oil, namely the Duri, Minas and Bekasap fields. Since operating from 1971 to December 31, 2017, the total volume of production of the Block Rokan has reached 11.5 billion barrels of oil.

IN INDONESIAN

Kontrak Blok Rokan Bakal Diteken Akhir Tahun lni

PT Pertamina akan melunasi pembayaran bonus tanda tangan dan Performance bond Blok Rokan pada akhir pekan ini. Dengan begitu, kontrak Blok Rokan bisa segera ditandatangani pada akhir tahun ini.

Direktur Jenderal Minyak dan Gas Bumi (Dirjen Migas) Kementerian ESDM, Djoko Siswanto mengatakan, sebelum tanda tangan kontak, Pertamina harus membayar bonus tanda tangan sebesar US$ 784 juta. Selain itu, Pertamina akan membayar Performance bond sebesar 10% dari komitmen kerja pasti (KKP) yang senilai US$ 500 juta.

Kementerian ESDM menyatakan tidak ada kendala dari Pertamina ihwal pembayaran bonus tanda tangan dan performance bond. Pemerintah memastikan transaksi bisa selesai pada akhir pekan ini.

"Kalau tidak salah, mereka ingin membayarnya pada tanggal 21 Desember 2018" ungkap Djoko. 

Corporate Secretary Pertamina, Syahrial Mukhtar mengemukakan tanda tangan kontrak Blok Rokan memang akan dilakukan sebelum akhir tahun ini. 

"Intinya bulan ini, sebelum akhir tahun. Kami mengupayakan semuanya akhir tahun, supaya tidak ada beban lagi," ujar dia.

Pertamina sedang menyiapkan anak usaha agar bisa melaksanakan tanda tangan kontrak. Saat ini, pembentukan anak usaha Pertamina masih dalam proses. 

“Jadi nanti signingnya perusahaan baru. Karena Blok Rokan itu besar, jadi harus dikelola satu unit yang fokus menanganinya," imbuh Syahrial.

Terkait pendanaan, Pertamina mengklaim sudah tidak ada kendala. Syahrial menyebutkan pihaknya sudah menyiapkan dana untuk melunasi bonus tanda tangan dan performance bond. 

"Tidak ada masalah," ungkap dia.

Pada Juli 2018, pemerintah menunjuk Pertamina sebagai pengelola Blok Rokan setelah masa kontraknya berakhir pada tahun 2021. Sebelumnya, pengelola salah satu blok migas paling kaya di Indonesia ini adalah PT Chevron Pacific Indonesia. Pertamina menyodorkan bonus tanda tangan sebesar US$ 784 juta atau Rp 11,3 triliun dan nilai komitmen kerja pasti lima tahun sebesar US$ 500 juta atau Rp 7,2 triliun dalam menjalankan aktivitas eksploitasi migas.

Komitmen pasti lima tahun US$ 500 juta yang diajukan Pertamina tidak hanya akan digunakan untuk mengembangkan Blok Rokan, tetapi juga lapangan lainnya yang belum dieksplorasi. Blok Rokan merupakan salah satu blok migas yang bernilai strategis. Produksi migas Blok Rokan mendukung 26% dari total produksi nasional.

Blok yang memiliki luas 6.220 kilometer ini memiliki 96 lapangan. Setidaknya tiga lapangan berpotensi menghasilkan minyak sangat baik yaitu lapangan Duri, Minas dan Bekasap. Sejak beroperasi 1971 hingga 31 Desember 2017, volume total produksi Blok Rokan mencapai 11,5 miliar barel minyak.

Kontan, Page-14, Tuesday, Dec 18, 2018