Mahakam Block Transition
PT Pertamina has allocated US $ 160 million for drilling 14 oil and gas wells in Mahakam block during the management transition period from PT Total E & P Indonesie to the oil and gas company.
Pertamina becomes the new operator of the Mahakam Block starting January 1, 2018 replacing Total. Upstream Director of Pertamina Syamsu Alam said the company has decided that drilling begins in June 2017 although activities originating from Total E & P Indonesie's investment as an existing operator were completed in March 2017.
He considered, now has started the preparation of land for drilling activities to be executed Total. He hopes that the effort will be able to sustain oil and gas production in the Mahakam block at a range of 1,400 million cubic feet per day (MMscfd).
"We drilled in the end 14 wells. In June it has started, "he said on the sidelines of the 41st Indonesian Petroleum Association (IPA) Convention and Exhibition, Wednesday (17/5).
From data of SKK Migas, in 2017, Total will drill 25 wells 158 work over and treatment of 6,820 wells
Meanwhile, in 2016, drilling was done as many as 41 wells, work over 147 wells, and treatment of 7,339 wells. The annual production volume of Mahakam's current working area is 1,635 MMscfd of gas and petroleum of 63,000 barrels per day (bpd).
President & General Manager of Total E & P Indonesie Arividya Noviyanto is reluctant to provide information about the transition process in the Mahakam Block. Earlier, Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar said it had received a letter from Total related to the 39% participating interest (PI) for the current contractor. This is a continuation of the meeting held on Thursday (6/4).
Pertamina and Total held a meeting at the Office of the ESDM Ministry. Representing Pertamina, Present Director of PT Pertamina Elia Massa Malik, Upstream Director of Pertamina Syamsu Alam, and Director of Pertamina Hulu Mahakam Ida Yusmiati. Meanwhile, Total CEO Patrick Pouyanne came after attending GasTech in Japan with President Total Exploration & Production Arnaud Breuillac, Senior Vice President of Total Exploration & Production Asia Pacific Javier Rielo and President & General Manager of Total E & P Indonesie Arividya Noviyanto.
After getting the letter, he asked three things. Firstly, is Total willing to be a partner and Pertamina will be the operator in the Mahakam Block. Secondly, about the amount of participation rights that the current contractor wants (Total). Thirdly, about whether the contractor exists willing to pay the control of the right of participation in accordance with the valuation results.
Based on the letter submitted, Total proposes three incentives to raise the economies of scale with the possibility of a change in the share of ownership of the rights of participation. The reason is that both the Total and Inpex Corporation own 50% of Mahakam shares.
Meanwhile, on a new contract starting in 2018, the current ownership interest of both contractors (Total and Inpex) is only 39%. The three incentives are investment credit or additional investment reimbursement in accordance with the percentage proposed, market price for domestic supply demand and depreciation obligations.
IN INDONESIA
Pertamina Mengbeor 14 Sumur Mulai Juni
PT Pertamina mengalokasikan dana US$160 juta untuk kegiatan pengeboran 14 sumur minyak dan gas bumi di Blok Mahakam selama masa transisi pengelolaan dari PT Total E & P Indonesie ke BUMN migas tersebut.
Pertamina menjadi operator baru Blok Mahakam mulai 1 Januari 2018 menggantikan Total. Direktur Hulu Pertamina Syamsu Alam mengatakan, perseroan telah memutuskan agar pengeboran dimulai pada Juni 2017 kendati kegiatan yang berasal dari investasi Total E&P Indonesie sebagai operator eksis telah diselesaikan pada Maret 2017.
Dia menilai, saat ini telah dimulai persiapan lahan untuk kegiatan pengeboran yang akan dieksekusi Total. Dia berharap agar upaya tersebut mampu mempertahankan produksi migas di Blok Mahakam pada kisaran 1.400 juta kaki kubik per hari (MMscfd).
“Kami drilling pada akhirnya 14 sumur. Pada Juni sudah mulai,” ujarnya di sela acara Konvensi dan Pameran Ke-41 Indonesian Petroleum Association (IPA), Rabu (17/5).
Dari data SKK Migas, pada 2017, Total akan melakukan pengeboran 25 sumur 158 kerja ulang (work over) dan perawatan atas 6.820 Sumur
Sementara itu, pada 2016, pengeboran dilakukan sebanyak 41 sumur, work over 147 sumur, dan perawatan atas 7.339 sumur. Volume produksi tahunan wilayah kerja Mahakam saat ini yakni 1.635 MMscfd gas serta minyak bumi sebanyak 63.000 barel per hari (bph).
President & General Manager Total E&P Indonesie Arividya Noviyanto enggan memberikan keterangan mengenai proses transisi di Blok Mahakam. Sebelumnya, Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengatakan, pihaknya telah menerima surat dari Total terkait dengan penawaran saham partisipasi (participating interest/PI) 39% bagi kontraktor saat ini. Hal itu merupakan kelanjutan dari pertemuan yang dilakukan pada Kamis (6/4).
Pertamina dan Total menggelar pertemuan di Kantor Kementerian ESDM. Mewakili Pertamina, hadir Direktur Utama PT Pertamina Elia Massa Malik, Direktur Hulu Pertamina Syamsu Alam, dan Direktur Pertamina Hulu Mahakam Ida Yusmiati. Sementara itu, CEO Total Patrick Pouyanne datang setelah menghadiri GasTech di Jepang bersama President Total Exploration & Production Arnaud Breuillac, Senior Vice President Total Exploration&Production Asia Pacific Javier Rielo dan President&General Manager Total E&P Indonesie Arividya Noviyanto.
Setelah mendapat surat itu, pihaknya menanyakan tiga hal. Pertama, apakah Total bersedia menjadi mitra dan Pertamina yang akan menjadi operator di Blok Mahakam. Kedua, tentang besaran hak partisipasi yang diinginkan kontraktor saat ini (Total). Ketiga, tentang apakah kontraktor eksis mau membayar penguasaan hak partisipasi sesuai dengan hasil valuasi.
Berdasarkan surat yang diajukan, Total mengusulkan tiga insentif untuk menaikkan skala ekonomi dengan kemungkinan perubahan porsi kepemilikan hak partisipasi. Pasalnya, saat ini baik Total maupun Inpex Corporation menguasai 50% saham Mahakam.
Sementara itu, pada kontrak baru yang dimulai pada 2018, kepemilikan hak partisipasi kedua kontraktor yang ada saat ini (Total dan Inpex) maksimum hanya 39%. Tiga insentif tersebut yakni investment credit atau penambahan penggantian biaya investasi sesuai dengan persentase yang diajukan, harga pasar untuk kewajiban pasokan permintaan dalam negeri dan depresiasi.
Bisnis Indonesia, Page-30, Thursday, May 18, 2017
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