PT Pertamina (Persero) continues to select potential partners who will participate in managing the Rokan Block. PT Chevron Pacific Indonesia's contract in the Rokan Block will expire on August 9, 2021. Pertamina Hulu Rokan will replace Chevron as the operator of the Rokan Block.
Currently, the Rokan Block production is around 170,000 barrels per day (BPD). Director of Pertamina Hulu Rokan, R. P. Yudantoro, revealed that the process of looking for partners had not actually started. However, there are already companies that are interested in partnering with Pertamina.
"What already exists, several companies have sent letters of interest through Pertamina (Persero)," said Yudantoro.
Even so, he did not want to specify which parties had proposed interest in jointly managing the Rokan Block.
Vice President for Corporate Communication of PT Pertamina, Fajriyah Usman, was reluctant to comment further regarding Pertamina's plans to seek partners. The reason is, currently, Pertamina's focus is to prepare a transition process towards the transfer of management in August next year.
"Pertamina Hulu Rokan is currently focused on preparing the transition process, ensuring operations in August 2021 will continue to run well," said Fajriyah Usman.
Preparation Also includes rig procurement. Currently, the data transition related to exploration and exploitation, especially contracts and vendors from Chevron Pacific Indonesia, is considered to make the transition easier.
Pertamina Hulu Rokan targets to be able to drill 44 wells after the transfer of management of the Rokan Block later. Yudantoro said the rig procurement was being prepared.
"There will be five to six rigs to drill new wells during the four months (since the transfer of management)." Yudantoro said.
The transfer of management letter has been issued by the Ministry of Energy and Mineral Resources (ESDM) on August 6, 2018. Its content is to give 100% management of the Rokan Block to Pertamina on August 9, 2021. Pertamina will pay a signature bonus of US $ 783 million or Rp. 11.3 million. trillion. The exact commitment is the US $ 500 million.
To streamline the drilling process, the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) together with Chevron Pacific Indonesia has signed ahead of agreement (HoA) Rokan Block on September 28, 2020.
Head of SKK Migas Dwi Soetjipto said this signing was to ensure The continuation of Chevron's investment in the Rokan Block until management is transferred in August 2021.
"It takes ahead of agreement (HoA) and an amendment to the WK Rokan contract, which contains the scope of drilling activities and the return on investment costs at the end of the contract period, as well as the Abandonment and Site Restoration reserve costs which have not been clearly regulated in the generation contract," said Dwi Soetjipto.
In this agreement, according to him, Chevron will get clarity regarding the return on investment. Thus, the government hopes that through Chevron's investment, the Rokan Block production can be maintained. The HoA signing is a short-term step taken in maintaining oil and gas production next year.
ESDM Minister Arifin Tasrif confirmed that the government will oversee Chevron's investment and drilling implementation which is planned to start in November 2020.
President Director of PT Chevron Pacific Indonesia (CPI). Albert Simanjuntak said that the Rokan Block has become the foundation of the energy industry and has made a significant contribution to the progress of the country for decades.
"This agreement ensures that this strategic block will continue to play an important role in energy sovereignty in Indonesia for the coming year," said Albert.
Kontan, Page-12, Tuesday, Sept 29, 2020
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