Split Gross Premium Scheme

        Contract Offshore North West Java or ONWJ ended on this day will be extended through new schemes gross split.

Transition and contracts for production (production sharing contract / PSC) PSC gross cost recovery be split on the block operated by PT Pertamina Hulu Energi ONWJ in accordance with the government's desire for cost efficiency of production. Based on data from the Ministry of Energy, in 2015, contributed ONWJ oil and gas production ready for sale or lifting 24 137 barrels of oil equivalent per day / BOEPD. Contractors get the results of US $ 90.1 million and the government gets a share of US $ 437.9 million, and the cost recovery of US $ 559.4 million of gross sales of $ 1.1 billion.

Through the split gross scheme, the government and the contractor immediately divide their share. The government will get the basil oil and a tax on upstream activities without the operating costs and investment incurred contractors to produce oil and gas.

Minister of Energy and Mineral Resources (ESDM) Ignatius Jonan could not provide an explanation. However, he confirmed, the new contract will use the scheme gross ONWJ split. In addition to operating costs related to the calculation, the block will end his contract on this day should be adjusted in order to remain profitable activities undertaken by both parties.

Currently, the profit sharing between the government and the contractors for development of oil and gas amounted 85:15 70:30 which has been in effect since January 19, 1997. For comparison the results would be if after switching the contract, the work area can still be developed according to economies of scale.

Because, referring to the oil lifting target on the work plan and budget (work plan and budget / WP & B) 2017, ONWJ will produce oil to 36,500 barrels per day (bpd) and perform a number of activities such as drilling of five wells, reworking of six wells, and treatment as many as 233 wells activities.

Director of Engineering and the Environment of Oil and Gas Ministry of Energy and Mineral Resources Siswanto Djoko said, today, Wednesday (18/1), the government began calculating oil stocks last ONWJ. He explained that the Directorate General of Oil and Gas is conducting the preparation of a new contract offshore oil and gas blocks in the northern coast of West Java. The final decision is in the hands of Minister Ignatius Jonan to respond to the proposed terms and conditions (terms and conditions) in the new contract.

Economic Value

He made sure, for the results (split) and the calculation of investment (net present value / NPV) refers to the current value has been adjusted so that development work area that is older than 30 years and it still meets economics. However, he was reluctant to say how the proposed split and NPV predetermined because it is still awaiting approval from the Minister. "The final decision is in the hands of the minister Ignatius Jonan. In essence, economical more than less or equal to the PSC that now, "he said

From the data PHE ONWJ, on the block there are 312 production wells from a total of 1,062 wells. The cumulative production on December 31, 2015 totaled 1302.8 3446.9 BCF MMBO oil and gas. Currently, ONWJ supply gas to PT PLN, Pupuk Kujang, Balongan refinery, gas and fuel needs. President Director of PT Pertamina Hulu Energi Mount Sardjono Hadi said, the possibility of signing a new contract at ONWJ will be done today. "Not yet signed a new contract ONWJ. Maybe today. However, the new contract signing ONWJ have to wait Regulation Scheme Minister of Gross Revenue Share Split, as the legal basis

IN INDONESIAN

Skema Gross Split Perdana

Kontrak Blok Offshore North West Java atau ONWJ yang berakhir pada hari ini akan diperpanjang melalui skema baru gross split.

Peralihan dan kontrak bagi produksi (production sharing contract/PSC) cost recovery menjadi PSC gross split pada blok yang dioperasikan PT Pertamina Hulu Energi ONWJ sesuai dengan keinginan pemerintah untuk efisiensi biaya produksi. Berdasarkan data Kementerian ESDM, pada 2015, ONWJ memberikan kontribusi produksi migas siap jual atau lifting 24.137 barrel oil equivalent per day/BOEPD. Kontraktor mendapat bagi hasil US$90,1 juta dan pemerintah mendapatkan bagian sebesar US$437,9 juta, dan cost recovery US$ 559,4 juta dari penjualan kotor sebesar US$1,1 miliar.

Melalui skema gross split, pemerintah dan kontraktor langsung membagi bagiannya masing-masing. Pemerintah akan mendapatkan bagi basil migas dan pajak dari kegiatan hulu tanpa menanggung biaya operasi dan investasi yang dikeluarkan kontraktor untuk menghasilkan minyak dan gas.

Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan belum dapat memberikan penjelasan. Namun, dia memastikan, kontrak baru ONWJ akan menggunakan skema gross split. Selain terkait perhitungan biaya operasi, blok yang akan berakhir masa kontraknya pada hari ini harus mengalami penyesuaian agar kegiatan yang dilakukan tetap menguntungkan kedua belah pihak. 

Saat ini, bagi hasil antara pemerintah dengan kontraktor untuk pengembangan minyak sebesar 85:15 dan gas 70:30 yang sudah berlaku sejak 19 Januari 1997. Bagi hasil itu akan menjadi pembanding apakah setelah beralih kontrak, wilayah kerja tetap bisa dikembangkan sesuai skala ekonomi.

Pasalnya, mengacu pada target lifting minyak pada rencana kerja dan anggaran (work plan & budget/WP&B) 2017, ONWJ akan menghasilkan minyak 36.500 barel per hari (bph) dan melakukan sejumlah kegiatan seperti pengeboran lima sumur, kerja ulang atas enam sumur, dan perawatan sumur sebanyak 233 kegiatan.

Direktur Teknik dan Lingkungan Minyak dan Gas Bumi Kementerian ESDM Djoko Siswanto mengatakan, hari ini, Rabu (18/1), pemerintah mulai melakukan penghitungan stok minyak terakhir di Blok ONWJ. Dia menjelaskan, Ditjen Migas masih melakukan penyusunan kontrak baru blok migas lepas pantai di pantai utara Jawa Barat tersebut. Keputusan terakhir berada di tangan Menteri ESDM Ignasius Jonan untuk merespons usulan syarat dan ketentuan (term and condition) dalam kontrak yang baru.

NILAI KEEKONOMIAN

Dia memastikan, bagi hasil (split) dan perhitungan investasi (net present value/NPV) mengacu pada nilai saat ini telah mengalami penyesuaian sehingga pengembangan wilayah kerja yang berumur lebih dan 30 tahun itu tetap memenuhi keekonomian. Namun, dia enggan menyebut berapa usulan split dan NPV yang telah ditetapkan karena masih menanti persetujuan dari Menteri ESDM. “Keputusan terakhir ada di tangan Pak Menteri Ignasius Jonan. Intinya, keekonomiannya lebih kurang atau sama dengan PSC yang sekarang,” ujarnya

Dari data PHE ONWJ, pada blok tersebut terdapat 312 sumur produksi dari jumlah total 1.062 sumur. Produksi kumulatif pada 31 Desember 2015 tercatat sebesar 1.302,8 MMBO minyak dan 3.446,9 BCF gas. Saat ini, ONWJ menyuplai gas kepada PT PLN, Pupuk Kujang, Kilang Balongan, dan kebutuhan bahan bakar gas. Presdir PT Pertamina Hulu Energi Gunung Sardjono Hadi mengatakan, kemungkinan penandatanganan kontrak baru di Blok ONWJ akan dilakukan hari ini. “Belum ditandatangani kontrak baru ONWJ. Mungkin hari ini. Namun, penandatanganan kontrak baru ONWJ harus menunggu Peraturan Menteri ESDM tentang Skema Bagi Hasil Gross Split, sebagai landasan hukum

Bisnis Indonesia, Page-1, Wednesday, Jan, 18, 2017