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Friday, January 19, 2018

PTTEP Will Focus Finding Termination Block



   Exploration and Production PCL (PTTEP) is still interested in developing business in Indonesia. The Thai oil and gas company is even preparing a new strategy to invest in Indonesia. Once it got down the price of oil is now starting to rise.

"We are now setting up our portfolio and new strategies to grow our business in Indonesia," said Titi Thongjen, General Manager, PTTEP South Mandar Limited and PTTEP Malunda Limited Indonesia.

    After exiting the East Natuna Block consortium last year, PTTEP currently prefers to look for opportunities in blocks already in production. Titi said PTTEP currently has a portfolio in five exploration blocks and one block of production in Indonesia, namely Block A West Natuna.

block A West Natuna

    But in block A West Natuna, PTTEP is only a partner, while the operator of the block is held by Premier Oil. So in the future PTTEP sees the opportunity to become a block operator in Indonesia, especially in termination blocks.

"We are looking at investment opportunities to become operators in future termination blocks, five years ahead or before 2024,"Titi said.

Titi Thongjen said there will be about 30 oil and gas blocks that will be terminated until 2024. The block will be returned to the government or auctioned for operators.

Titi Thongjen mentioned the reason for choosing the termination block because currently PTTEP already has many exploration blocks and blocks that are under development. That is why PTTEP is looking for blocks that are already in production.

"We are now looking to a production portfolio, it's PTTEP's focus," he explained.

   The corporation is optimistic to do business in Indonesia. One of them is due to some regulatory changes. As the contract changes from production sharing contract to gross split.

"So first after the gross split policy we see opportunities to do more activities in Indonesia," said Titi.

   Moreover, PTTEP is quite comfortable investing in Indonesia. As an Asian company, PTTEP already understands the way and context in doing business in Asia, especially in Indonesia.

"We started our first business in Indonesia more than 15 years ago. We have experience in Indonesia, "Titi said.

    According to Titi Thongjen, oil and gas companies consider Indonesia less attractive to invest because they do not understand the way the Asian people do business. For PTTEP, Indonesia is no different from other Asian countries.

"I would say this is our choice, PTTEP region to invest compared to other areas,"Titi said

IN INDONESIA

PTTEP Bakal Fokus Mencari Blok Terminasi


Exploration and Production PCL (PTTEP) masih berminat mengembangkan bisnis di Indonesia. Perusahan minyak dan gas yang berasal dari Thailand ini bahkan sedang menyiapkan strategi baru untuk berinvestasi di Indonesia. Setelah sempat turun harga minyak kini mulai naik.

"Kami sekarang sedang menata portofolio kami dan strategi baru untuk mengembangkan bisnis di Indonesia," kata Titi Thongjen, General Manager, PTTEP South Mandar Limited and PTTEP Malunda Limited Indonesia. 

Pasca keluar dari konsorsium Blok East Natuna tahun lalu, PTTEP saat ini lebih memilih mencari peluang di blok-blok yang sudah berproduksi. Titi bilang PTTEP saat ini memiliki portofolio di lima blok eksplorasi dan satu blok produksi di Indonesia yaitu Blok A West Natuna.

Namun di blok A West Natuna, PTTEP hanya menjadi mitra, sementara operator blok tersebut dipegang oleh Premier Oil. Makanya ke depannya PTTEP melihat peluang menjadi operator blok di Indonesia terutama di blok-blok terminasi. 

“Kami sedang melihat peluang investasi menjadi operator di blok terminasi ke depan, lima tahun ke depan atau sebelum 2024," kata Titi.

Titi Thongjen bilang, akan ada sekitar 30 blok migas yang akan terminasi sampai 2024. Blok tersebut akan dikembalikan ke pemerintah atau dilelang untuk operator.

Titi Thongjen menyebut alasan memilih blok terminasi, karena saat ini PTTEP telah memiliki banyak blok eksplorasi dan blok yang dalam pengembangan. Makanya PTTEP sedang mencari blok-blok yang sudah berproduksi. 

"Kami sekarang melihat untuk portofolio produksi, itu fokus PTTEP," kata Titi.

Korporasi ini optimistis berbisnis di Indonesia. Salah satunya karena beberapa perubahan regulasi. Seperti perubahan kontrak dari production sharing contract menjadi gross split. 

"Jadi pertama setelah kebijakan gross split kami melihat peluang melakukan lebih banyak kegiatan di Indonesia," kata Titi.

Apalagi, PTTEP sudah cukup nyaman berinvestasi di Indonesia. Sebagai perusahaan Asia, PTTEP sudah memahami cara dan konteks dalam berbisnis di Asia, terutama di Indonesia. 

“Kami memulai bisnis pertama kali di Indonesia sudah lebih dari 15 tahun lalu. Kami memiliki pengalaman di Indonesia," ujarnya.

Menurut Titi Thongjen, perusahaan migas yang menganggap Indonesia kurang menarik untuk berinvestasi karena tidak memahami cara orang Asia daIam menjalankan bisnis. Bagi PTTEP, Indonesia tidak berbeda dengan negara-negara Asia lain. 

"Saya mau bilang ini pilihan kami, kawasan PTTEP untuk berinvestasi dibandingkan kawasan lain," kata Titi.

Kontan, Page-14, Wednesday, Jan 17, 2018

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