The Ministry of Energy and Mineral Resources (ESDM) has set a new manager for five of the six oil and gas blocks that will be exhausted by 2020. From this determination, the state gets additional investment commitment of oil and gas amounting to US $ 291 billion.
By 2020, there are six oil and gas blocks to be completed, namely South Block J Block B, Brantas, Malacca Strait, Salawati Bird's Head, Onshore Salawati Basin, and Makassar Strait. Except for the Makassar Strait Block, the government has established a new operator of this termination block.
EMR Deputy Minister of Energy and Mineral Resources, Arcandra Tahar, said that for the term and condition just five blocks of oil and gas termination has been signed by the Minister of Energy and Mineral Resources Ignatius Jonan. Meanwhile, the signing of the five block production sharing contract (PSC) will be conducted next month.
With the assurance of the fate of the five blocks that are soon extinguished by the contract, the government gets additional investment commitment for oil and gas, "For WK (working area) terminated in 2020 (not including Makassar Strait), Rp 4 trillion for exploration," he said in Jakarta. This investment commitment has not calculated the nett present value (NPV) of each block.
The management of the Block J Block South Block, handed over to Petrochina International Jambi promising a five-year working commitment of US $ 32.75 million and a signature bonus of US $ 5 million. While the share (split) of this company set at 53% for gas.
For Brantas Block, the government appointed Lapindo Brantas, PT Prakasa Brantas, and Minarak Labuan Co Llc as managers. Lapindo Brantas is committed to invest in the first five years of US $ 115.55 million and a signature bonus of US $ 1 million. In this block, the government provides a split for contractors of 4-7% for oil and 52% for gas.
Then the Malacca Strait Block was handed over to EMP Malacca Strait SA with partners. The contractor promises a five-year working commitment of US $ 45.75 million and a signature bonus of US $ 2.5 million. While the split part of the contractor is set at 59% for oil and 64% for gas.
Finally, for the Salawati Head of Birds Head and Onshore Salawati Basin, it was decided that the operator changed to Petrogas. The Government obtained a definite working commitment of US $ 61.72 million on the Bird's Head Salawati Block and US $ 36.25 million in the Onshore Salawati Basin Block. While the signature bonus of each US $ 1 million.
"For split contractors, in Bird's Head set 43% plus 5.5% for oil and 48% plus 5.5% for gas. Next split contractors in Salawati ie 43% plus 5% for oil, "said Arcandra.
As for the fate of the Makassar Strait Block, the government is still waiting for its contractor, Chevron Indonesia. This is because Chevron Indonesia asked for an extension to prepare the proposal.
"Chevron asked for time. Until June this is pursued, "said Director General of Oil and Gas of the Ministry of Energy and Mineral Resources Djoko Siswanto. Makassar Strait Block is currently working on Chevron Makassar Strait 72%, PHE 10%, and Tiptop Makassar 18%.
Previously, Djoko explained, in accordance with Government Regulation no. 35 of 2004 Article 28, the existing contractor may apply for a contract extension not later than 10 years and no later than 2 years before the contract is completed. While the government must make new management decisions at least one year before the contract termination. However, the government will attempt to immediately establish new operators of this terminating oil and gas block.
"We are targeting for which (the contract is completed) 2020 set in June, next 2021 in July, 2022 in August, 2023 in September, 2024 in October, 2025 in November, and 2026 in December. So this year is over (new managers' determination) he said. For termination blocks until 2019, the government has established its managers.
IN INDONESIA
Komitmen Investasi Eksplorasi Migas Bertambah US$ 291 Milyar
Kementerian Energi dan Sumber Daya Mineral (ESDM) telah menetapkan pengelola baru untuk lima dari enam blok migas yang akan habis kontraknya pada 2020. Dari penetapan ini, negara mendapat tambahan komitmen investasi migas sebesar US$ 291 miliar.
Pada 2020, terdapat enam blok migas yang akan selesai kontraknya, yakni Blok South Jambi Block B, Brantas, Malacca Strait, Salawati Kepala Burung,
Onshore Salawati Basin, dan Makassar Strait. Kecuali untuk Blok Makassar Strait, pemerintah telah menetapkan operator baru blok terminasi ini.
Wakil Menteri ESDM Arcandra Tahar mengatakan, untuk term and condition baru saja lima blok migas terminasi tersebut telah ditandatangani oleh Menteri ESDM Ignasius Jonan. Sementara penandatanganan kontrak kerja sama (production sharing contract/ PSC) kelima blok ini akan dilakukan pada bulan depan.
Dengan sudah dipastikannya nasib lima blok yang segera habis kontraknya, pemerintah mendapat tambahan komitmen investasi migas, “Untuk WK (wilayah kerja) yang terminasi pada 2020 (tidak termasuk Makassar Strait), dapat Rp 4 triliunan untuk eksplorasi,” kata dia di Jakarta. Komitmen investasi ini belum menghitung nett present value (NPV) masing-masing blok.
Pengelolaan Blok South Jambi Block B, diserahkan kepada Petrochina International Jambi yang menjanjikan komitmen kerja pasti lima tahun sebesar US$ 32,75 juta dan bonus tanda tangan US$ 5 juta. Sementara bagian bagi hasil (split) perusahaan ini ditetapkan sebesar 53% untuk gas.
Untuk Blok Brantas, pemerintah menunjuk Lapindo Brantas, PT Prakasa Brantas, dan Minarak Labuan Co Llc sebagai pengelola. Lapindo Brantas berkomitmen mengeluarkan investasi dalam lima tahun pertama sebesar US$ 115,55 juta dan bonus tanda tangan US$ 1 juta. Di blok ini, pemerintah memberikan split bagi kontraktor sebesar 4-7% untuk minyak dan 52% untuk gas.
Kemudian Blok Malacca Strait diserahkan pengelolaannya ke EMP Malacca Strait SA bersama mitra. Kontraktor menjanjikan komitmen kerja pasti lima tahun sebesar US$ 45,75 juta dan bonus tanda tangan US$ 2,5 juta. Sementara bagian split kontraktor ditetapkan sebesar 59% untuk minyak dan 64% untuk gas.
Terakhir, untuk Blok Salawati Kepala Burung clan Onshore Salawati Basin, diputuskan bahwa operatornya berubah menjadi Petrogas. Pemerintah memperoleh komitmen kerja pasti masing-masing US$ 61,72 juta di Blok Salawati Kepala Burung dan US$ 36,25 juta di Blok Onshore Salawati Basin. Sementara bonus tanda tangannya masing-masing US$ 1 juta.
“Untuk split kontraktor, di Kepala Burung ditetapkan 43% ditambah 5,5% untuk minyak dan 48% ditambah 5,5% untuk gas. Selanjutnya split kontraktor di Salawati yakni 43% ditambah 5% untuk minyak,” kata Arcandra.
Sementara untuk nasib Blok Makassar Strait, pemerintah masih menunggu kontraktornya, yakni Chevron Indonesia. Hal ini lantaran Chevron Indonesia meminta perpanjangan waktu untuk menyiapkan proposal.
“Chevron minta waktu. Sampai Juni inilah dikejar,” kata Driektur Jenderal Minyak dan Gas Bumi Kementerian ESDM Djoko Siswanto. Blok Makassar Strait saat ini digarap Chevron Makassar Strait 72%, PHE 10%, dan Tiptop Makassar 18%.
Sebelumnya, Djoko menjelaskan, sesuai dengan Peraturan Pemerintah No. 35 Tahun 2004 Pasal 28, kontraktor eksisting dapat mengajukan perpanjangan kontrak paling cepat 10 tahun dan paling lambat 2 tahun sebelum kontrak selesai. Sementara pemerintah harus membuat keputusan pengelola baru paling telat satu tahun sebelum kontrak diterminasi. Namun, pemerintah akan berupaya secepatnya menetapkan operator baru dari blok migas terminasi ini.
“Kami targetkan untuk yang (kontraknya selesai) 2020 ditetapkan pada Juni nanti, berikutnya yang 2021 di Juli, 2022 di Agustus, 2023 di September, 2024 di Oktober, 2025 di November, dan 2026 di Desember. Jadi tahun ini selesai (penetapan pengelola baru) kata dia. Untuk blok terminasi sampai 2019, pemerintah telah menetapkan pengelolanya.
Investor Daily, Page-9, Saturday, June 9, 2018
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