Official Applicable Gross Revenue Share

Eight Oil and Gas Blocks Submitted to Pertamina

The concept of gross revenue share based on the gross production of oil and gas or gross split came into force -on the Offshore North West Java which is managed by PT Pertamina Hulu Energy Offshore North West Java. Regulations regarding the scheme of the oil and natural gas models are already published. Signing the contract for the model results gross split the Offshore North West Java (ONWJ) by the Head of the Special Working Upstream Oil and Gas (SKK Migas) Amien Sunaryadi with President Director of PT Pertamina Hulu Energy Offshore North West Java (PHE ONWJ) Beni Jaffilius Ibradi.

Minister of Energy and Mineral Resources (ESDM) Ignatius Jonan, Deputy Minister Arcandra Tahar, Pertamina president director Dwi Soetjipto, as well as the Director General of Oil and Gas Ministry of Energy and Mineral Resources I Gusti Nyoman Wiratmaja attended the event. With gross split models, part of the state is set at 47.5 percent and 52.5 percent for Pertamina's share of oil As for natural gas, the state's share of 37.5 percent, while 62.5 percent of Pertamina's share. Pertamina on ONWJ contract is valid for 20 years or until January 17, 2037.

"The rules regarding gross've split my sign, namely the Minister Regulation No. 8 of 2017 concerning the Production Sharing Contract Gross Split. This will apply to new oil and gas contracts and renewals. Kontrak bagi results for cost recovery scheme is respected until the end of his contract, "said Jonan.

With the concept of gross split, the projection part of the country until the contract is up as much as 5.7 billion US dollars of the total gross proceeds of which amounted to 14.8 billion US dollars. The value of the investment until the contract expires ONWJ estimated at 8.5 billion US dollars.

"I emphasize to Pertamina so that production is not interrupted or dropped. Because of this block are 'left entirely to Pertamina, please for other companies cooperating with notes stock portion of a 10 percent participation, "said Jonan.

Operating Efficiency

Dwi said that, with the adoption of gross split for the first time, he considered it a challenge for Pertamina. One way is to increase efficiency in terms of operation. She targets a similar cost efficiencies created by the addition of 5 percent revenue share.

"Handing ONWJ to Pertamina is expected to raise the contribution of oil and gas production, Pertamina is currently only 24 percent of the national oil and gas production," said Dwi.

Lecturer at Trisakti University, Jakma, Pri Agung Rakhmanto, say, the concept of gross split should not be applied to all oil and gas contracts in Indonesia. This concept should be offered as a selection of One form of contracts.

We recommend that the concept of gross split applied selectively to the oil and gas blocks to attract investment and exploration. All can not be equated. Therefore, the figures for gross results in the split should be something that can be negotiated, not the direction of the government, "said Pri Agung.

Previously, the composition of ownership in ONWJ consists of PT PHE ONWJ amounted to 58.28 percent, Energi Mega Persada ONWJ Ltd with 36.72 percent, and KUFPEC Indonesia BV 5 percent. Futures on the ONWJ ended on January 18, 2017. Under the new contract was signed, the government is fully devolved management ONWJ to PT PHE ONWJ as 100 percent shareholder.

Oil production in ONWJ as much as 35,800 barrels per day and natural gas as much as 155 million standard cubic feet per day (MMSCFD). The government also handed over the management of eight oil and gas blocks to Pertamina. The eighth is going to block the expiration of his contract this year and next year.

IN INDONESIAN

Bagi Hasil Kotor Resmi Berlaku

Delapan Blok Migas Diserahkan ke Pertamina

Konsep bagi hasil kotor berdasar produksi bruto minyak dan gas bumi atau gross split mulai berlaku -pada Blok Offshore North West Java yang dikelola PT Pertamina Hulu Energi Offshore North West Java. Peraturan mengenai skema bagi hasil minyak dan gas bumi model tersebut sudah diterbitkan. Penandatanganan kontrak bagi hasil model gross split Blok Offshore North West Java (ONWJ) oleh Kepala Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Amien Sunaryadi dengan Direktur Utama PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ) Beni Jaffilius Ibradi. 

Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan, Wakil Menteri ESDM Arcandra Tahar, Direktur Utama Pertamina Dwi Soetjipto, Serta Direktur Jenderal Minyak dan Gas Bumi Kementerian ESDM I Gusti Nyoman Wiratmaja hadir dalam acara itu. Dengan model gross split, bagian negara ditetapkan sebesar 47,5 persen dan bagian Pertamina 52,5 persen untuk minyak Adapun untuk gas bumi, bagian negara sebesar 37,5 persen, sedangkan bagian Pertamina 62,5 persen. Kontrak Pertamina pada Blok ONWJ tersebut berlaku selama 20 tahun atau hingga 17 Januari 2037.

”Aturan mengenai gross split sudah saya tanda tangani, yaitu Peraturan Menteri ESDM Nomor 8 Tahun 2017 tentang Kontrak Bagi Hasil Gross Split. Ini akan berlaku bagi kontrak migas yang baru dan perpanjangan. Untuk kontrak bagi hasil skema cost recovery tetap dihormati sampai habis kontraknya,” ujar Jonan.

Dengan konsep gross split, proyeksi bagian negara hingga kontrak habis sebanyak 5,7 miliar dollar AS dari total hasil kotor yang sebesar 14,8 miliar dollar AS. Adapun nilai investasi hingga kontrak Blok ONWJ berakhir diperkirakan sebanyak 8,5 miliar dollar AS. 

"I emphasize to Pertamina so that production is not interrupted or dropped. Because of this block are 'left entirely to Pertamina, please for other companies cooperating with notes stock portion of a 10 percent participation, "said Jonan.

Efisiensi Operasi

Dwi mengatakan, dengan penerapan gross split untuk pertama kali tersebut, ia menganggap hal itu sebagai tantangan bagi Pertamina. Salah satu caranya adalah dengan meningkatkan efisiensi dalam hal operasi. Ia menargetkan efisiensi yang diciptakan setara dengan penambahan bagi hasil 5 persen.

”Penyerahan Blok ONWJ kepada Pertamina diharapkan dapat menaikkan kontribusi produksi migas Pertamina yang saat ini baru 24 persen dari seluruh produksi migas nasional,” kata Dwi.

Pengajar di Universitas Trisakti, Jakma, Pri Agung Rakhmanto, mengatakan, konsep gross split sebaiknya tidak diberlakukan terhadap seluruh kontrak migas di Indonesia. Konsep ini sebaiknya ditawarkan sebagai Salah satu bentuk pilihan kontrak saja. 

Sebaiknya konsep gross split diterapkan secara selektif terhadap blok migas untuk menarik minat investasi dan eksplorasi. Semua tidak bisa disamakan. Karena itu, angka-angka bagi hasil dalam gross split sebaiknya menjadi sesuatu yang bisa dinegosiasikan, bukan searah dari pemerintah,” kata Pri Agung.

Sebelumnya, susunan kepemilikan saham pada Blok ONWJ terdiri dari PT PHE ONWJ sebesar 58,28 persen, Energi Mega Persada ONWJ Ltd 36,72 persen, dan KUFPEC Indonesia BV 5 persen. Kontrak pada Blok ONWJ berakhir pada 18 Januari 2017. Dalam kontrak baru yang ditandatangani tersebut, pemerintah menyerahkan sepenuhnya pengelolaan Blok ONWJ kepada PT PHE ONWJ sebagai pemilik saham 100 persen.

Produksi minyak di Blok ONWJ sebanyak 35.800 barrel per hari dan gas bumi sebanyak 155 juta standar kaki kubik per hari (MMSCFD). Pemerintah juga menyerahkan pengelolaan delapan blok migas kepada Pertamina. Kedelapan blok tersebut bakal habis masa berlaku kontraknya tahun ini dan tahun depan. 

Kompas, Page-19, Thursday, Jan, 19, 2017