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Tuesday, January 15, 2019

The Government Sets the Winners of the Oil and Gas Block Auction



The Ministry of Energy and Mineral Resources (ESDM) has named three companies as the winners of the third phase of the oil and gas block auction. The total investment commitment obtained from the determination of this winner is US $ 10.95 million.

The government offers four conventional oil and gas blocks through Phase III Auction in 2018. The four oil and gas blocks are predicted to have gas resources of around 1.3 trillion cubic feet or 530.06 million barrels of oil, and 26.04 billion cubic feet of condensate.

The four oil and gas blocks are offered through this direct bid mechanism, namely the South Andaman Block, South Sakakemang, Anambas, and Maratua. The four oil and gas blocks are auctioned through a direct bid mechanism.

Pearl oil (Theralite)

Deputy Minister of ESDM Arcandra Tahar said, of the four oil and gas blocks offered, three companies were named winners for three oil and gas blocks. In detail, Pearl oil (Theralite) Limited for the South Andaman Block, Talisman Jawa BV Consortium and Mitsui Oil Exploration Co Ltd for the South Sakakemang Block, and PT Pertamina (Persero) for the Maratua Block.

"Total definite commitments obtained by US $ 10.95 million and a signature bonus of US $ 6 million," said Arcandra.

Mubadala Petroleum

Pearoil, also an affiliate of Mubadala Petroleum, pledged a definite commitment of US $ 2.15 million and a signature bonus of US $ 2 million. Activities that will be funded using this definite commitment are the G & G and 3D seismic studies covering 500 square kilometers (km2). Furthermore, the Talisman Consortium has a definite commitment of US $ 3.05 million for 250 km 2D seismic and G & G studies, as well as paying a signature bonus of US $ 2 million.

"In Maratua, Pertamina has a definite commitment of US $ 5.7 million and a signature bonus of US $ 2 million," he said.

Activities funded with this definite commitment are 3D G & G and seismic studies covering 500 km2.

The South Andaman Block has 1.3 trillion cubic feet of gas resources or 218.9 million barrels for oil. Next, the South Sakakemang Block is predicted to have 106.3 million barrels of oil resources or 603.91 billion cubic feet for gas. Finally, the Maratua Block is predicted to have oil resources of 204.86 million barrels of oil or 890.09 billion cubic feet of gas.

Eni Indonesia Ltd

This is the third time the government has auctioned oil and gas blocks this year. In the first stage, of the 24 oil and gas blocks offered, the government only obtained four winners. In particular, the Citarum Block was won by PT Cogen Nusantara Energi and PT Hutama Wiranusa Energy, East Ganal Block by Eni Indonesia Ltd, East Seram by Lion Energy Ltd, and Southeast Jambi by the Talisman West Consortium Bengara BV-MOECO South Sumatra Co Ltd.

In the second phase of the auction, from the six oil and gas blocks auctioned, the government only got two winners. The two winners were Hong Kong Jindi Group Co. Ltd for the South Jambi B Block and PT Minarak Brantas Gas for the Banyumas Block.

Arcandra added, with the announcement of the third stage of the oil and gas block auction winner, there were nine oil and gas exploration blocks that were sold by investors. Last year, there were five oil and gas blocks auctioned. This realization is far better than the previous two years, where none of the oil and gas blocks were in demand by oil and gas companies.

"So with gross split, we change it in 2017, we get 14 exploration blocks that use gross split," said Arcandra.

Arcandra Tahar

Block Termination

At the same time, the Ministry of Energy and Mineral Resources also determined the manager of one of the 2023 termination blocks, the Rimau Block. Arcandra said, Medco E & P Rimau was decided to continue managing the Rimau Block after the existing contract expires in 2023. Medco promises US $ 41.3 million definite work commitment (KKP) and US $ 4 million signature bonus.

"Split the results for 43% for oil and 85% for gas. "This is a total variable split plus 53% base split for oil and 58% for gas," he said.

At present, Rimau Block oil production is recorded at 8,200 barrels per day (bpd) and gas is 3.67 million cubic feet per day / mmscfd.

The block which ended its contract there are three blocks including the Rimau Block. The other two oil and gas blocks are the Corridor Block and Jabung Block. Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soetjipto said, the determination of the new managers of these two blocks after 2023 is still under evaluation. 

   


The Corridor Block is in demand by three companies, namely Pertamina, ConocoPhilips, and Repsol. While the Block Jabung attracted Petrochina and Pertamina.



"That (proposal) is being evaluated. (Target) beginning of 2019 (the winner is determined) "he said.


Blok Jabung is currently managed by Petrochina International Jabung Ltd., with participating interest / PI ownership of 42.86%, while other PI holders are Petronas Carigali 42.86% and PT Pertamina (Persero) 14.29%. While the holders of participating interest in the Corridor Block are Philip Conoco 54%, PT Pertamina Hulu Energi Corridor 10%, and Repsol 36%.

IN INDONESIAN

Pemerintah Tetapkan Pemenang Lelang Blok Migas


Kementerian Energi dan Sumber Daya Mineral (ESDM) menetapkan tiga perusahaan sebagai pemenang lelang blok migas tahap ketiga tahun ini. Total komitmen investasi yang diperoleh dari penentuan pemenang ini yakni sebesar US$ 10,95 juta.

Pemerintah menawarkan empat blok migas konvensional melalui Lelang Tahap III Tahun 2018. Keempat blok migas ini diprediksi memiliki sumber daya gas sekitar 1,3 triliun kaki kubik atau 530,06 juta barel minyak, dan kondensat 26,04 miliar kaki kubik. 

Keempat blok migas yang ditawarkan melalui mekanisme penawaran langsung ini yakni Blok South Andaman, South Sakakemang, Anambas, dan Maratua. Keempat blok migas ini dilelang melalui mekanisme penawaran langsung.

Wakil Menteri ESDM Arcandra Tahar menuturkan, dari empat blok migas yang ditawarkan, tiga perusahaan ditetapkan sebagai pemenang untuk tiga blok migas. Rincinya, Pearloil (Theralite) Limited untuk Blok South Andaman, Konsorsium Talisman Jawa BV dan Mitsui Oil Exploration Co Ltd untuk Blok South Sakakemang, serta PT Pertamina (Persero) untuk Blok Maratua.

“Total komitmen pasti yang diperoleh US$ 10,95 juta dan signature bonus US$ 6 juta,” kata Arcandra.

Pearoil yang juga afiliasi Mubadala Petroleum, menjanjikan komitmen pasti sebesar US$ 2,15 juta dan bonus tanda tangan US$ 2 juta. Kegiatan yang akan didanai menggunakan komitmen pasti ini adalah studi G&G dan seismik 3D seluas 500 kilometer persegi (km2). Selanjutnya, Konsorsium Talisman memiliki komitmen pasti US$ 3,05 juta untuk seismik 2D 250 km dan studi G&G, serta membayar bonus tanda tangan US$ 2 juta. 

“Di Maratua, Pertamina memiliki komitmen pasti US$ 5,7 juta dan bonus tanda tangan US$ 2 juta,” ujar dia. 

Kegiatan yang didanai dengan komitmen pasti ini adalah studi G&G dan seismik 3D seluas 500 km2.

Blok South Andaman memiliki sumber daya 1,3 triliun kaki kubik untuk gas atau 218,9 juta barel untuk minyak. Berikutnya, Blok South Sakakemang diprediksi mempunyai sumber daya 106,3 juta barel untuk minyak atau 603,91 miliar kaki kubik untuk gas. Terakhir, Blok Maratua diprediksi memiliki sumber daya minyak 204,86 juta barel minyak atau 890,09 miliar kaki kubik gas.

Ini kali ketiga pemerintah melelang blok migas pada tahun ini. Pada tahap pertama, dari 24 blok migas yang ditawarkan, pemerintah hanya memperoleh empat pemenang. Rincinya, Blok Citarum dimenangkan oleh PT Cogen Nusantara Energi dan PT Hutama Wiranusa Energi, Blok East Ganal oleh Eni Indonesia Ltd, East Seram oleh Lion Energy Ltd, dan Southeast Jambi oleh Konsorsium Talisman West Bengara BV-MOECO South Sumatra Co Ltd.

Pada lelang tahap kedua, dari enam blok migas yang dilelang, pemerintah hanya memperoleh dua pemenang. Kedua pemenang ini adalah Hong Kong Jindi Group Co Ltd untuk Blok South Jambi B dan PT Minarak Brantas Gas untuk Blok Banyumas.

Arcandra menambahkan, dengan diumumkannya pemenang lelang blok migas tahap ketiga ini, maka terdapat sembilan blok migas eksplorasi yang laku diambil oleh investor. Pada tahun lalu, tercatat terdapat lima blok migas yang laku dilelang. Realisasi ini jauh lebih baik dari dua tahun sebelumnya, di mana tidak ada satu pun blok migas yang diminati perusahaan migas.

“Jadi dengan gross split, kami ubah di 2017, kita mendapatkan 14 blok eksplorasi yang gunakan gross split,” tutur Arcandra.

Blok Terminasi

Pada saat yang sama, Kementerian ESDM juga menetapkan pengelola salah satu blok terminasi 2023, yakni Blok Rimau. Arcandra menuturkan, Medco E&P Rimau diputuskan tetap melanjutkan pengelolaan Blok Rimau setelah kontrak eksisting berakhir pada 2023. Medco menjanjikan komitmen kerja pasti (KKP) US$ 41,3 juta dan bonus tanda tangan US$ 4 juta.

“Split bagi hasilnya 43% untuk oil dan 85% untuk gas. Ini variable split total ditambah base split 53% untuk minyak dan 58% untuk gas,” kata dia. 

Saat ini, produksi minyak Blok Rimau tercatat sebesar 8.200 barel per hari (bph) dan gas 3,67 juta kaki kubik per hari/mmscfd.

Blok yang berakhir kontraknya terdapat tiga blok termasuk Blok Rimau. Dua blok migas lainnya adalah Blok Koridor dan Blok Jabung. Kepala Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Dwi Soetjipto mengatakan, penentuan pengelola baru dua blok ini setelah 2023 masih dalam proses evaluasi. Blok Koridor diminati tiga perusahaan, yakni Pertamina, ConocoPhilips, dan Repsol. Sementara Blok Jabung diminati Petrochina dan Pertamina.

“Itu (proposal) sedang dievaluasi. (Target) awal tahun 2019 (ditetapkan pemenangnya)" tutur dia.

Blok Jabung saat ini dikelola oleh Petrochina International Jabung Ltd., dengan kepemilikan participating interest/PI 42,86%, sementara pemegang PI yang lain adalah Petronas Carigali 42,86% dan PT Pertamina (Persero) 14,29%. Sementara pemegang participating interest Blok Koridor adalah Conoco Philip 54%, PT Pertamina Hulu Energi Corridor 10%, dan Repsol 36%.

Investor Daily, Page-9, Friday, Dec 28, 2018

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