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Thursday, January 16, 2020

Pertamina Prepares the US $ 150 Million



PT Pertamina (Persero) has prepared a budget of US $ 150 million to acquire oil and gas blocks ready for production in 2020. In a recent working meeting between Pertamina and House of Representatives Commission VII, Pertamina President Director Nicke Widyawati explained the upstream oil and gas investment plan in 2020.

Nicke Widyawati

Pertamina 2020's total investment budget of US $ 7.8 billion, which is divided for the upstream oil and gas sector is the US $ 3.7 billion. Specifically for organic investment or oil and gas production increase, Pertamina has prepared the US $ 3.57 billion, while inorganic investment or upstream business development is worth the US $ 150 million. Pertamina Upstream Director Dharmawan Samsu said the upstream oil and gas inorganic investment was directed to increase oil and gas block assets.

"That's right, [inorganic investment budget] for acquisitions," he said.

Although not mentioning in detail, Dharmawan said the focus of asset acquisition is directed at the oil and gas block that approaches production or the oil and gas block production. Pertamina last took over oil and gas assets in another country in 2017. So far, the company has acquired 64.46% shares of the French oil and gas company, Maurel & Prom.

Maurel & Prom

With this acquisition, Pertamina has oil and gas assets spread across Gabon, Nigeria, Tanzania, Namibia, Canada, Myanmar, Italy, Colombia, and others. It's just that its main assets that have been producing are in Gabon, Nigeria, and Tanzania. Pertamina also has assets in Algeria. The company has shares in the Menzel Lejmet North (MLN), El Merk (EMK), and Ourhoud (OHD) blocks.

West Qurna 1 in Iraq By ExxonMobil

Next in Iraq, the company holds shares in West Qurna 1. Field. Meanwhile, in Malaysia, the company holds shares in Block K, Block Kikeh, SNP Block, SK309 Block, and SK311 Block. 

     Regarding contributions from foreign assets, Pertamina is targeting production to increase 3.26% to 158,000 boepd in 2020 from the prognosis by the end of this year 153,000 boepd. The contribution of oil production is targeted to increase 105,000 barrels per day (BPD) to 107,000 BPD, and natural gas production has increased from 276 million mmscfd to 298 mmscfd.

Executive Director of the Reforminer Institute, Komaidi Notonegoro, said that Pertamina needed to determine the policy of oil and gas asset acquisition, especially wanting to bring oil or money to the country.

"If the product is brought in, it will reduce the dependence on crude imports, if the money is brought it might not have the effect of reducing it," he said.

IN INDONESIA

Pertamina Siapkan US$ 150 Juta


PT Pertamina (Persero) menyiapkan anggaran senilai US$150 juta untuk mengakuisisi blok minyak dan gas siap produksi pada 2020. Dalam rapat kerja antara Pertamina dan Komisi VII DPR belum lama ini, Direktur Utama Pertamina Nicke Widyawati memaparkan rencana investasi hulu migas pada 2020.

Total anggaran investasi Pertamina 2020 sebesar US$7,8 miliar, yang terbagi untuk sektor hulu migas sebesar US$3,7 miliar. Khusus investasi organik atau peningkatan produksi migas, Pertamina menyiapkan US$3,57 miliar, sementara investasi anorganik atau pengembangan bisnis hulu senilai US$150 juta. Direktur Hulu Pertamina Dhannawan Samsu mengatakan investasi anorganik hulu migas diarahkan untuk menambah aset blok migas. 

“Betul, [anggaran investasi anorganik] untuk akuisisi,” katanya.

Kendati tidak menyebut secara rinci, Dharmawan mengatakan fokus akuisisi aset diarahkan pada blok migas yang mendekati produksi ataupun blok migas produksi. Pertamina terakhir kali mengambil alih aset migas di negara lain pada 2017. Sejauh ini, perseroan mengakuisisi 64,46% saham perusahaan migas Prancis, yakni Maurel&Prom. 

Dengan akuisisi ini, Pertamina memiliki aset migas yang tersebar di Gabon, Nigeria, Tanzania, Namibia, Kanada, Myanmar, Italia, Kolombia dan lainnya. Hanya saja, aset utamanya yang telah berproduksi yakni di Gabon, Nigeria, dan Tanzania. Pertamina juga punya aset di Aljazair. Perseroan memiliki saham di Blok Menzel Lejmet North (MLN), El Merk (EMK), dan Ourhoud (OHD).

Berikutnya di Irak, perseroan memegang saham di Lapangan West Qurna 1. Sementara itu, di Malaysia, perseroan memegang kepemilikan saham di Blok K, Blok Kikeh, Blok SNP, Blok SK309 dan Blok SK311. 

     Terkait kontribusi dari aset luar negeri, Pertamina menargetkan produksi naik 3,26% menjadi 158.000 boepd pada 2020 dari prognosa akhir tahun ini 153.000 boepd. Kontribusi produksi minyak .ditargetkan naik 105.000 barel per hari (bph) menjadi 107.000 bph, serta produksi gas bumi meningkat dari 276 juta mmscfd menjadi 298 mmscfd. 

Direktur Eksekutif Reforminer Institute Komaidi Notonegoro mengatakan Pertamina perlu menentukan kebijakan akuisisi aset migas, terutama ingin membawa minyak atau uang ke Tanah Air. 

“Kalau yang dibawa produk, akan mengurangi ketergantungan impor crude, kalau dibawa uangnya kemungkinan tidak berpengaruh untuk mengurangi hal itu,” tuturnya.

Bisnis Indonesia, Page-24, Wednesday, Dec 12, 2019

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