The development of the Mahakam block has become one of Pertamina's priorities. PT Pertamina (Persero) raised its capital expenditure budget by 55 percent to 5.59 billion dollars this year. The budget is prioritized for upstream oil and gas investment.
Elia Massa Manik
Pertamina President Director Elia Massa Manik said that Pertamina's capital expenditure in 2017 amounted to 3.6 billion US dollars. A total of 2.5 billion US dollars spent on upstream oil and gas investment. This year, the budget for investment in upstream oil and gas sector has 59 percent share. The rest, 15 percent for megaprojects, five percent gas sector investment, three percent processing, and other supporting research about three percent.
Elia said there are several future investment plans that require greater capital expenditure than 2017.
"For the development of investment plans in the upstream sector, we will develop the Jimbaran Tiung Biru Field, manage the Mahakam block, and geothermal development," Elia said at the Parliament Complex in Senayan, Jakarta.
Elia said there are several future investment plans that require greater capital expenditure than 2017.
"For the development of investment plans in the upstream sector, we will develop the Jimbaran Tiung Biru Field, manage the Mahakam block, and geothermal development," Elia said at the Parliament Complex in Senayan, Jakarta.
the Mahakam block
In addition, Pertamina will undertake petrochemical and processing development, such as increased refinery crude flexibility, and the development of derivative products. In the marketing sector, Pertamina will strengthen its distribution and pipeline development infrastructure and gas network.
Last year, Pertamina posted revenue of 42.86 US dollars. When compared to 2016, this amount of income rose by 17 percent. Although revenues rose, Pertamina's net profit fell by 24 percent compared to 2016. He revealed that Pertamina posted a profit of 2.7 billion US dollars in 2017.
Pertamina's net profit was eroded because there was no policy on price adjustment of Premium and diesel fuel, while world crude oil price continued to rise.
"This affects the company's net profit decline," Elijah said.
Pertamina still has receivables amounting to Rp 25 trillion from the government. The government owed Pertamina for fuel subsidies and three kilograms of LPG. Of the total debt of Rp 25 trillion, as much as Rp 22 trillion is overdue debts from 2016 and in previous years. Meanwhile, this year, the government owes Pertamina Rp 3 trillion.
Elia added that if this government debt can be resolved soon, Pertamina can use it to increase capital expenditure for long-term investment purposes. Therefore, Pertamina admits there is still limited funding to expand investment.
Pertamina Finance Director Arif Budiman added that the Mahakam Block development is one of the government's priorities in investment in upstream oil and gas sector. Pertamina also wants to manage block termination blocks.
"But, it is the greatest for the development of the Mahakam block," said Arif.
In addition to domestic investment, Pertamina will invest abroad. Arif said Pertamina would start developing a refinery currently in Algeria. Pertamina is also in communication with Iran for the development of refineries there.
Pertamina has even just signed a memorandum of understanding (MoU) with the Bangladesh Power Development Board (BPDP). The cooperation is for the development of integrated electricity projects in Bangladesh.
The signing of MoU was conducted by Ginanjar as VP Power of New Renewable Energy Pertamina with Chairman of BPDP Khaled Mahmood and witnessed by President Rl Joko Widodo and Prime Minister of Bangladesh Sheikh Hasina in Dhaka.
VP Corporate Communication Pertamina Adiatma in a written statement explains, this cooperation is a follow-up of the previous MoU on energy sector signed by the Ministry of Energy and Mineral Resources with Ministry of Power, Energy and Mineral Resources of the People's Bangladesh on September 15, 2017.
IN INDONESIA
Last year, Pertamina posted revenue of 42.86 US dollars. When compared to 2016, this amount of income rose by 17 percent. Although revenues rose, Pertamina's net profit fell by 24 percent compared to 2016. He revealed that Pertamina posted a profit of 2.7 billion US dollars in 2017.
Pertamina's net profit was eroded because there was no policy on price adjustment of Premium and diesel fuel, while world crude oil price continued to rise.
"This affects the company's net profit decline," Elijah said.
Pertamina still has receivables amounting to Rp 25 trillion from the government. The government owed Pertamina for fuel subsidies and three kilograms of LPG. Of the total debt of Rp 25 trillion, as much as Rp 22 trillion is overdue debts from 2016 and in previous years. Meanwhile, this year, the government owes Pertamina Rp 3 trillion.
Elia added that if this government debt can be resolved soon, Pertamina can use it to increase capital expenditure for long-term investment purposes. Therefore, Pertamina admits there is still limited funding to expand investment.
Pertamina Finance Director Arif Budiman added that the Mahakam Block development is one of the government's priorities in investment in upstream oil and gas sector. Pertamina also wants to manage block termination blocks.
"But, it is the greatest for the development of the Mahakam block," said Arif.
In addition to domestic investment, Pertamina will invest abroad. Arif said Pertamina would start developing a refinery currently in Algeria. Pertamina is also in communication with Iran for the development of refineries there.
Pertamina has even just signed a memorandum of understanding (MoU) with the Bangladesh Power Development Board (BPDP). The cooperation is for the development of integrated electricity projects in Bangladesh.
The signing of MoU was conducted by Ginanjar as VP Power of New Renewable Energy Pertamina with Chairman of BPDP Khaled Mahmood and witnessed by President Rl Joko Widodo and Prime Minister of Bangladesh Sheikh Hasina in Dhaka.
VP Corporate Communication Pertamina Adiatma in a written statement explains, this cooperation is a follow-up of the previous MoU on energy sector signed by the Ministry of Energy and Mineral Resources with Ministry of Power, Energy and Mineral Resources of the People's Bangladesh on September 15, 2017.
IN INDONESIA
Pertamina Menggenjot Investasi Hulu Migas
Pengembangan Blok Mahakam menjadi salah satu prioritas Pertamina. PT Pertamina (Persero) menaikkan anggaran belanja modal sekitar 55 persen menjadi 5,59 miliar dolar AS pada tahun ini. Anggaran tersebut diprioritaskan untuk investasi hulu migas.
Direktur Utama Pertamina Elia Massa Manik mengungkapan, realisasi belanja modal Pertamina pada 2017 sebesar 3,6 miliar dolar AS. Sebesar 2,5 miliar dolar AS dihabiskan untuk investasi hulu migas. Tahun ini anggaran untuk investasi di sektor hulu migas memiliki bagian 59 persen. Sisanya, 15 persen untuk megaproyek, investasi di sektor gas lima persen, pengolahan tiga persen, dan riset pendukung lainnya sekitar tiga persen.
Elia mengatakan, ada beberapa rencana investasi ke depan sehingga memerlukan belanja modal yang lebih besar dibandingkan 2017.
"Untuk pengembangan rencana investasi di sektor hulu, kami akan melakukan pengembangan Lapangan Jimbaran Tiung Biru, alih kelola Blok Mahakam, dan pengembangan geotermal," ujar Elia di Kompleks Parlemen Senayan, Jakarta.
Selain itu, Pertamina akan melakukan pengembangan petrokimia dan pengolahan, seperti peningkatan fleksibilitas minyak mentah kilang, dan pengembangan produk turunan. Pada sektor pemasaran, Pertamina akan melakukan penguatan infrastruktur pasokan distribusi dan pengembangan pipa serta jaringan gas.
Tahun lalu, Pertamina mencatatkan pendapatan sebesar 42,86 dolar AS. Jika dibandingkan 2016, jumlah pendapatan ini naik sebesar 17 persen. Meskipun pendapatan naik, laba bersih Pertamina turun hingga 24 persen dibandingkan 2016. Dia mengungkapkan, Pertamina mencatatkan laba sebesar 2,7 miliar dolar AS pada 2017.
Laba bersih Pertamina tergerus karena belum ada kebijakan penyesuaian harga produk Premium dan solar, sementara harga minyak mentah dunia terus mengalami kenaikan.
"Hal ini berimbas pada terjadinya penurunan laba bersih perusahaan," kata Elia.
Pertamina masih memiliki piutang sebesar Rp 25 triliun dari pemerintah. Pemerintah mengutang kepada Pertamina untuk subsidi BBM dan elpiji tiga kilogram. Dari total utang Rp 25 triliun tersebut, sebanyak Rp 22 triliun merupakan utang yang sudah lewat jatuh tempo dari 2016 dan tahun-tahun sebelumnya. Sedangkan tahun ini, pemerintah berutang kepada Pertamina sebesar Rp 3 triliun.
Elia menambahkan, jika utang pemerintah ini bisa segera diselesaikan, Pertamina bisa menggunakannya untuk menambah belanja modal guna keperluan investasi jangka panjang. Sebab, Pertamina mengakui masih ada keterbatasan pendanaan untuk memperluas investasi.
Direktur Keuangan Pertamina Arif Budiman menambahkan, pengembangan Blok Mahakam menjadi salah satu prioritas pemerintah dalam investasi di sektor hulu migas. Pertamina juga ingin mengelola blokblok terminasi.
"Tapi, memang yang paling besar untuk pengembangan Blok Mahakam,“ ujar Arif.
Selain investasi di dalam negeri, Pertamina akan berinvestasi di luar negeri. Arif mengatakan, Pertamina akan mulai mengembangkan kilang yang saat ini ada di Aljazair. Pertamina pun sedang melakukan komunikasi dengan Iran untuk pengembangan kilang di sana.
Pertamina bahkan baru saja menandatangani nota kesepahaman (MoU) dengan Bangladesh Power Development Board (BPDP). Kerja sama tersebut untuk pembangunan proyek listrik terintegrasi di Bangladesh.
Penandatanganan MoU dilakukan Ginanjar selaku VP Power New Renewable Energy Pertamina dengan Chairman of BPDP Khaled Mahmood dan disaksikan Presiden Rl Joko Widodo dan Perdana Menteri Bangladesh Syekh Hasina di Dhaka.
VP Corporate Communication Pertamina Adiatma dalam keterangan tertulis menjelaskan, kerja sama ini merupakan tindak lanjut dari MoU sebelumnya pada sektor energi yang ditandatangani Kementerian Energi dan Sumber Daya Mineral RI dengan Ministry of Power, Energy and Mineral Resources ofthe People's Bangladesh pada 15 September 2017.
Republika, Page-16, Tuesday, Jan 30, 2018
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